Tax Planning

Tax PlanningRandy Larson2023-12-14T16:35:53-08:00

Tax Planning

Focused Tax Strategies offers tax planning and guidance to existing and prospective clients.

Our team of tax experts are qualified to provide answers to a wide range of questions and guidance for the future

Tax Issues

How to plan for the sale of investments and/or real property
How to reduce taxable income by planning for RRSP contributions, and claiming additional legitimate tax deductions
How to respond to excess contributions in RRSP and/or TFSA plans
How to claim foreign income and taxes paid to foreign tax authorities
How best to take income from a company owned by the taxpayer
How to mitigate the departure tax for immigrants leaving Canada after 5 years

Advice

$200⁰⁰per hour or part thereof

To answer tax questions
To recommend new tax strategies

Research

$200per hour or part thereof

Canadian tax issues
US tax issues

Mailing Addresses:

205 – 50 Lonsdale Ave Office 2087, North Vancouver, BC V7M 2E6

4 – 4911 57A Street, Delta, BC, V4K 3G6

We work virtually through the internet so that we can serve more clients. Learn more

Office Hours:

Monday – Friday: 9 am – 5 pm

During Tax Season (Feb – Apr 30th)

7 days a week, 8:30 am – 9 pm

Book an appointment

Download our 2023 Checklist to prepare for your Personal Taxes

Home Buyer’s Plan Increase

Randy Larson2024-12-03T06:18:49-08:0011/27/2024|Comments Off on Home Buyer’s Plan Increase

The Home Buyers' Plan (HBP) limit has been increased from $35,000 to $60,000 per person ... and the repayment has been changed from 15 years to a payment holiday for the first 5 years thereby extending the overall repayment requirement to 20 years. Of course, you can pay it [...]

Corporate taxation on passive investment income

Randy Larson2024-12-03T06:19:47-08:0011/21/2024|Comments Off on Corporate taxation on passive investment income

Taxation of investment income earned in a corporation When there is surplus cash in your corporation, the first step is to determine if the business will need the funds in the near future. Perhaps your corporation will need the excess cash to make tax instalments or a major business [...]