INCOME TAX REDUCTION

Your Income Tax Planning in St. Albert Solution

Most people in Canada only utilize a couple of strategies to reduce the amount of income tax they pay each year. Thus leaving money on the table that could otherwise still be their capital. The reasoning for this is often two fold. One: they haven't made time during the year to effectively tax plan and instead leave it to the last minute to submit their taxes. Or two: they aren't working with someone like us to quarterback their tax plan and work in unison with their accountant to implement the ultimate tax plan.  If you would like to keep more of your hard earned dollars and put them to work for you let's start the conversation

Income tax planning is an essential part of financial planning that can help individuals and businesses reduce their tax liabilities and maximize their financial resources. Lindsay Financial is a trusted financial planning firm that specializes in income tax planning for individuals and businesses in St. Albert and the surrounding areas.


Why Do You Need Income Tax Planning in St. Albert?


Effective income tax planning is crucial for individuals and businesses in St. Albert to minimize their tax liability and maximize their after-tax income. Without proper tax planning, you may end up paying more taxes than necessary, leaving you with less money to invest in your future.

Moreover, the Canadian tax system is complex, and it can be challenging to navigate without the guidance of a tax professional. Tax laws are constantly changing, and it can be challenging to keep up with the latest rules and regulations. Failing to comply with tax laws can lead to hefty fines and penalties, which can significantly impact your financial well-being.


How We Can Help You?


By working with a professional income tax planner like Lindsay Financial, you can ensure that you are taking advantage of all the tax-saving opportunities available to you. With a personalized tax plan, tax strategies, and financial solutions you can reduce your tax liability, save money, and achieve your financial goals faster.


Income Tax Planning Services

Personal TAX PLANNING

Our team provides personalized tax planning solutions for individuals to help them reduce their tax liability and maximize their savings.


Our services include:


  • Identifying tax deductions, credits, and exemptions like tax free savings accounts
  • Maximizing RRSP and TFSA contributions
  • Utilizing charitable donations and political contributions
  • Managing investment loan interest
  • Claiming home accessibility renovations, tuition, medical expenses, interest, child care costs, and rental property expenses.
  • Identifying registered retirement savings plans and registered education savings plans



Personal

TAX REDUCTION STRATEGIES

We provide personalized tax reduction strategies to help individuals reduce their tax liability and increase their cash flow.


Our strategies include:


  • RRSP and Spousal RRSP contributions
  • Utilizing TFSA contributions
  • Charitable donations and political contributions
  • Managing investment loan interest
  • Claiming home accessibility renovations, tuition, medical expenses, interest, child care costs, and rental property expenses.


Corporate TAX REDUCTION

As a business owner, you want to keep as much of your hard-earned profits as possible. Our corporate tax planning services help you reduce your tax obligations by identifying deductions and credits that apply to your business. We provide customized tax planning strategies that help your business operate more efficiently and reduce your tax burden.


Our team can help you with:


  • Identifying tax deductions and credits
  • Managing capital gains and losses
  • Maximizing capital cost allowance
  • Structuring your business to minimize taxes
  • Determining the most tax-efficient way to pay yourself



Corporate

TAX STRATEGIES

Our corporate tax reduction strategies help businesses minimize their tax liability while maximizing their profitability. Our experts work with you to identify tax planning opportunities and develop customized strategies that align with your business goals.


Some of the strategies we use include:


  • Maximizing the use of tax credits and deductions
  • Implementing a tax-effective compensation structure
  • Incorporating a holding company or income splitting
  • Utilizing loss carry-forwards and carry-backs
  • Optimizing capital gains exemptions


Converting TAXABLE DOLLARS TO NON TAXABLE DOLLARS

I can't put it into words just how exited I get when when the opportunity arises for us to show our clients how we can convert their taxable dollars into non taxable dollars! It is an absolute game charger for our clients bottom line!!


quotesArtboard 1 copy 2

If you’re anything like me, you probably have a good idea of what you should be doing but tend to procrastinate and put things off. This has been my entire financial life story until I started working with Lindsay Financial Solutions. Clay and his team continue to bring great ideas to the table and help me in more ways than I ever thought was possible. But for me, the biggest difference has been how they hold me accountable, and when I start to deviate too far from the plan (that I wanted to help secure my future) they bring me back around and help me focus on accomplishing my goals. With Clay’s dedication and persistence to help keep me on track I now have just over $31,000 in income tax savings coming my way. I don’t care who you are currently using in the financial industry, you need to add Clay as part of your team!

Ken Masterson


Share by: