Skip to content Skip to sidebar Skip to footer
Roy Somir Tax and Accounting Services
Call us for an appointment
Roy Somir Tax and Accounting Services
Call us for an appointment
Roy Somir Tax and Accounting Services

Close
Year-End Tax Planning

Year-End Tax Planning

Year-End Tax Planning: Maximize Savings & Minimize Surprises

As the year comes to a close, proactive year-end tax planning can make all the difference in minimizing liabilities and maximizing savings. At Roy’s Tax & Accounting Services, we help individuals and businesses prepare strategically, ensuring you end the year on a strong financial footing.

Why Year-End Tax Planning Matters

Smart year-end tax planning allows you to:

✔️ Reduce taxable income by optimizing deductions and credits.
✔️ Defer taxes and time income strategically.
✔️ Maximize retirement contributions before deadlines.
✔️ Avoid penalties for underpayment or late filings.
✔️ Plan cash flow and budgeting for the upcoming year.

Our Year-End Tax Planning Services

We offer comprehensive tax planning solutions designed to help you save money and stay compliant.

1. Tax Deduction Optimization

  • Review all eligible personal and business deductions.
  • Maximize claims for business expenses, charitable donations, and medical costs.
  • Optimize RRSP and TFSA contributions.

2. Income Deferral & Timing Strategies

  • Defer income to the next tax year where beneficial.
  • Plan dividend and bonus distributions for tax efficiency.
  • Time asset sales to reduce capital gains taxes.

3. Capital Gains & Loss Planning

  • Harvest losses to offset capital gains.
  • Strategically plan asset sales to minimize tax liabilities.
  • Advise on investment reallocations for future growth.

4. Retirement & Pension Planning

  • Maximize contributions to RRSPs and pension plans.
  • Set up or review Spousal RRSPs for income splitting.
  • Plan withdrawals to avoid higher tax brackets.

5. Small Business & Corporate Planning

  • Plan year-end purchases to maximize business deductions.
  • Review income splitting opportunities with family members.
  • Ensure all GST/HST filings and remittances are complete.

6. CRA Compliance Check

  • Review financial records to ensure CRA readiness.
  • Prepare for audits or reassessments.
  • Provide guidance on outstanding tax issues.

Why Choose Roy’s Tax & Accounting Services for Year-End Planning?

✔️ Expert tax planners with years of experience.
✔️ Customized tax-saving strategies for individuals and businesses.
✔️ Accurate, proactive, and CRA-compliant service.
✔️ Ongoing support for tax efficiency year after year.

📢 Get Your Year-End Tax Planning Done Right – Contact Us Today!

📞 Call us today at 905-458-4445, 416-676-ROYS, 416-676-7697
📧 Email us at info@roystaxservices.com
🌐 **Visit us at roystaxservices.com

Go to Top