Taxation

Fidelity Business Services Inc-Taxation

One of Fidelity Business Services is providing efficient tax savings, tax avoidance and ultimate profit maximization of our clients’ business and organizational structures or investments.

We provide a holistic approach to tax strategies, incorporating both investment strategies and corporate tax savings steps by adopting forward looking investment and business planning with our client’s operation. We assess all alternatives approaches and adopt the best path to save our clients more value and savings into your profit or cashflow.

Why Tax Planning Matters in Canada?

In the dynamic topography of Canadian taxation, having a well-thought-out tax plan is essential for businesses to thrive. Tax Planning isn’t just about number crunching; it’s about proactively identifying opportunities that align with your business goals. Our tax planning services focus on optimizing your tax structure, enhancing cash flow, and ensuring you’re well-prepared for tax season. We understand that every dollar saved in taxes can be reinvested into fueling your business growth

Comprehensive Tax Analysis:

We start by conducting an in-depth analysis of your financials and business structure. This helps us uncover potential tax-saving opportunities that suit your specific situation.

Strategic Tax Planning:

Our team of tax experts collaborates with you to develop a customized tax strategy. This strategy focuses on minimizing your tax burden while optimizing your financial outcomes.

Business Structure Optimization:

Choosing the right business structure can significantly impact your taxes. We assist you in selecting the most tax-efficient structure or suggest improvements to your existing one.

Year-Round Tax Guidance:

Tax planning isn’t a one-time event; it’s an ongoing process. We provide year-round guidance to ensure you’re making informed financial decisions that align with your tax strategy.

Deductions and Credits:

Our experts are well-versed in identifying eligible deductions and credits that can further reduce your tax liabilities.

Risk Mitigation:

We help you navigate the potential tax pitfalls, ensuring your business remains compliant with the ever-evolving tax laws
Our tax professionals work with clients all around the world to help them satisfy regulatory requirements, reduce tax costs, and navigate complex tax rules and regulations.

Why choose Fidelity Business Services?

Tax accounting professionals at Fidelity Business Services rely on their broad expertise, Canadian resources, and specific sector knowledge to assist customers with complex tax difficulties in Canada, the United States, and other countries across the world.
In order to reduce liabilities and aid customers in achieving success in their most vital endeavors, we are driven by a personalized, hands-on service style that is both individualized and customized to meet each individual clients need

Expert in Personal and Corporate Taxation:

Our tax accountants, are experts within the Personal and Corporate Tax filing with CRA. We will ensure the right amount of deductions due and credits are applied to each and individual situation and maximum returns or minimal tax liabilities due is paid to CRA or the government.

We will stand by our client to defend and provide follow up questions with the CRA if the need arises. Our services are secured based upon our interaction and understanding of client business or personal situations and backed by verifiable documentation to support all expenses or conditions for deduction or application of credit due.

Our tax strategies are forward looking and with the intention of paying minimal taxes by avoiding unnecessary tax burden or undue charges or recoverable fees.

Tax Efficient Investment Planning:

We will work with our clients to understand their business needs and their vision for their business and long-term end game. We will identify opportunities and device appropriate steps to achieve overall lower annual tax liabilities over the planning period. We will establish a strategic “real wealth management plan” based on client needs for tax efficient income as well as after-tax capital
preservation, growth and transition. We will have a plan for a 10-20-year retirement income strategy that minimizes capital encroachment to preserve as much savings as possible for uncertain futures, but in addition, averages down taxes on many layers of income sources that will be earned by a couple in
retirement

Advising Family Business and Investment Tax Strategies:

Tax, financial planning, and wealth management competencies are required to fund income and capital accumulation goals derived from investments. At Fidelity Business Services, we advise our clients to adopt appropriate tax saving strategies and process geared to preserving, growing and transitioning wealth tax efficiently to the next generation. Through strategic and tax-efficient planning, investment income will be split with family members and tax erosion of capital at times of transition will be avoided.

Tax-efficient investment income planning process which places capital accumulations in the right hands of individuals in the family. The objective is to save capital and earn investment income with tax-efficiency and then to average down the tax paid on both by arranging to share with family members within the tax rules allowed. As important: planning to avoid tax erosion of the capital at transition

Personal Pension Planning for Business Owners:

Fidelity Business Services have your personal pension planning steps that minimizes your exposure to higher marginal tax brackets and overall reduces your tax liabilities.

Overall, we utilize this pension solutions within broader planning exercises such as sale of business or transition to the next generation, to construct portfolios within the parameters allowable by the provisions set-forth in the Income Tax Act that can maximize the benefit of pensions

Filing T3 Trust Returns:

Trusts are used on an ever-increasing basis to plan for the wealth and succession objectives of medium and high-worth clients. At Fidelity Business Services, we are able to help our clients set up their tax saving strategies with their Trust by setting up process creates the opportunity to establish a long-term, potentially intergenerational connection with a client and their family optimize taxes payable on income earned by a trust by choosing to pay the taxes through the trust or allocating income to beneficiaries and having them pay the taxes on those allocations.

Filing Returns at Death:

Death is never timely yet it comes to at least one percent of the population each year. Advisors need to be able to help their clients minimize the income tax consequences before the event occurs
At Fidelity Business Services, we will provide services on filing your final tax filing. Prepare all possible T1 returns in the year of death and identify opportunities for probate avoidance, as applicable in high probate jurisdictions

Expert in Canada and USA cross border taxation

Fidelity Business Services Tax Professional have the expertise for tax filers who transact or live between Canada and USA and have to file their 1040 and T1s in USA and Canada. We apply the USA and Canada Tax Treaties to your benefit and minimize your tax liabilities.

Navigating the intricate U.S. tax landscape necessitates tailored guidance. Our U.S. Tax Services provide comprehensive support for individuals and businesses dealing with cross-border taxation involving the United States.

At Fidelity Business Services, our depth of expertise empowers you to navigate diverse tax scenarios. From Canadian obligations to international complexities, we stand as your unwavering partner, ensuring your tax responsibilities are managed with precision and efficiency.