The main reason for conducting corporate tax planning is to avoid illegitimacy. Tax planning enables enterprises to cope with any changes in the external environment and lead to more regular business operations. Effective corporate tax planning helps businesses to reduce tax costs, and so that firms can enjoy higher earnings for shareholders or can gain money for reinvestment. Higher shareholder profits and reinvestment capital are signs of successful business operations and can attract more potential investors who will further improve the company’s financial position.
Corporate Tax Planning is vital in supporting a company’s value-adding activities and necessary decisions. It helps firms to ease the tax burden and operate more smoothly and efficiently. The aim of corporate tax planning includes the reduction of a company’s Effective Tax Rate (ETR) to achieve tax efficiency and remain relevant in its industry. It provides a return, financial statements, tax planning, T4/T5 information return, salary, and dividend planning, GST/HST return, Worksafe BC reporting, startups consultation, buy/sell a business consultation.