Canadian Taxation

PERSONAL TAX

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PERSONAL TAXES (T1)

We work closely with our clients to understand their specific needs and adjust our strategies accordingly. We take a proactive, hands-on approach and closely follow existing and proposed legislation to determine how it will affect individual financial goals, and provide ongoing guidance.We know that many business and personal taxes are intertwined, and we offer the integration of both services to help further drive efficiencies. Our comprehensive range of services includes:

Personal tax return;

Personal tax planning;

Family wealth management;

Estate planning and consultation;

TRUST

At TAO LI CPA Professional Corporation, we commit time, energy and professional expertise to help our clients with preparing  financial statements.

Professionally compiled business financial statements makes it a lot easier for all users of the financial statements to understand exactly what the numbers really mean. Reliable and accurate business financial statements is integral to any business and is an important tool to make sound business decisions.

Often the need for business financial statements is driven by the need to file tax returns (corporate, partnership and trust), minimize, plan and determine tax liabilities and support business decisions. For owner-managed enterprises, financial statements are prepared for one or more of three groups of users: managers, owners and banks or other creditors.

However, in many jurisdictions business financial statements, income statement and balance sheet are required by law for most corporations.  Please review the requirements of your corporation based on the jurisdiction in which your business is incorporated.

Trust return;

Trust planning and setup

Estate planning

TRUST

To produce a reliable and accurate business financial statements,

NON RESIDENT

To produce a reliable and accurate business financial statements,

NON RESIDENTS

We provide reliable and affordable non-resident tax services. We help non-residents to minimize their Canadian taxes and prepare their Canadian income tax returns or election forms to meet their Canadian tax obligations.

Foreign owners of Canadian rental properties

Non-resident purchasers or sellers of real property in Canada

Professionals or consultants earning fees for services rendered in Canada

Expatriate foreign executives and employees working in Canada

US, China and other foreign individuals with residential ties in Canada

Deemed Canadian residents

Individuals leaving or entering Canada

Foreign individuals or corporations carrying on business activities in Canada

Foreign corporations with subsidiary corporations in Canada

Non-resident shareholders of Canadian corporations

Partnerships with non-resident partners

Non-resident trusts with Canadian resident contributors and/or Canadian resident beneficiaries