Experienced Tax Planning Lawyers in Edmonton

Our experienced tax planning lawyers advise individuals, business owners, corporations, and families on a wide range of tax planning matters. We provide practical forward-looking advice designed around your circumstances to minimize taxable income, navigate complex tax law, and maximize tax benefits under the Income Tax Act and Canadian tax rules. Whether you are planning a business transaction, managing corporate profits, preserving family wealth, or responding to a tax dispute, the tax planning lawyers at Forum Law are here to assist you.

Tailored Tax Services

Tax planning is about more than reducing a tax bill. The right strategy considers your business structure, income, investments, transactions, family circumstances, and long-term objectives.

Our lawyers can assist with:

  • Corporate and business tax planning
  • Personal income tax planning
  • Income splitting and the tax on split income (TOSI)
  • Family trusts and wealth preservation
  • Salaries and dividends for business owners and family members
  • Tax-efficient business transactions
  • Deductions, credits, and eligible business expenses
  • Capital cost allowance (CCA) and year-end planning
  • Limited partnerships and other business structures
  • Royalties and other sources of income
  • Tax considerations for domestic and international transactions
  • Government incentives and tax benefits
  • Tax planning for family-owned businesses

We focus on practical solutions that fit your circumstances while maintaining compliance with Canadian tax legislation.

Tax Planning for Small Businesses and Corporations

Tax considerations can affect everything from how you structure a business to how you pay yourself and invest corporate profits.

For incorporated businesses, we help owners assess the tax consequences of salaries, dividends, retained earnings, asset purchases, transactions, and other business decisions. Proactive business tax planning can manage cash flow by reducing overall tax burden, leaving more capital for immediate business needs. Individual marginal tax rates and the corporation’s tax rate will be considered to optimize tax efficiency. Where appropriate, incorporating may provide access to lower corporate tax rates and allow owners to defer personal taxation on income retained in the corporation. Our tax lawyers can also advise on tax credits and incentives that may be available to your business, including Investment Tax Credits (ITCs) under the Scientific Research and Experimental Development (SR&ED) program. For businesses undertaking qualifying research and development activities, SR&ED incentives may help recover a portion of eligible expenditures through tax credits.

For family businesses, compensation planning requires particular care. Salaries paid to family members for genuine work performed may provide a legitimate planning opportunity, while the tax on split income (TOSI) rules can restrict certain forms of income splitting. Tax credits and incentives can provide valuable opportunities for businesses to reduce their corporate tax burden and preserve cash for growth. The Small Business Deduction (SBD), for example, can provide qualifying Canadian-controlled private corporations with a lower corporate tax rate on eligible active business income, allowing businesses to defer personal taxation on income retained in the corporation.

Tax laws change frequently, making regular consultation with a tax lawyer and Certified Professional Accountant (CPA) important for compliance and adaptation to new legislation.

We can help you evaluate these issues before decisions are made, rather than addressing unexpected tax consequences after the fact.

Year-End Tax Planning

Year-end planning can be an important opportunity to review income, expenses, capital purchases, corporate distributions, and other transactions before the tax year closes.

For example, the timing of purchases and dispositions of depreciable property may affect capital cost allowance and the amount of income subject to tax. Delaying the sale of assets with an accrued gain until after year-end can postpone the inclusion of any recaptured CCA and capital gains in taxable income by one year. We can review your circumstances and identify planning opportunities that may improve your business’s tax position and cash flow.

Tax Planning for Individuals and Families

Tax planning is not limited to corporations. Individuals and families may also benefit from advice when dealing with significant income, investments, family businesses, trusts, inheritances, or major financial transactions.

Our lawyers provide guidance on matters such as:

  • Personal income tax planning
  • Family wealth preservation
  • RRSP contributions
  • Trust structures
  • Income splitting and TOSI
  • Compensation involving family members
  • Business succession and ownership transfers
  • Tax implications of investments and transactions
  • Government tax benefits and incentives
  • Cross-border and international tax considerations

Our goal is to help you understand the tax consequences before you commit to a transaction or financial arrangement.

Tax Disputes, Audits, and Appeals

Tax planning and tax disputes often go hand in hand. A transaction or planning strategy may later be reviewed by the Canada Revenue Agency (CRA), resulting in an audit, reassessment, or dispute.

Our tax lawyers represent clients in tax matters involving the CRA and, where appropriate, proceedings before the Tax Court of Canada and the Federal Court.

We can assist with:

  • CRA audits and reviews
  • Tax reassessments
  • Objections and appeals
  • Disputes concerning deductions and expenses
  • Corporate and personal tax disputes
  • Income-splitting and TOSI issues
  • Tax treatment of transactions and business arrangements
  • Other complex Canadian tax matters

Where a tax issue has already arisen, we work to understand the underlying facts, explain your options, and develop a strategy appropriate to your circumstances.

Who Can Benefit from Tax Planning Advice?

Tax planning can be valuable at many stages of a business or individual’s financial life. Our Edmonton tax lawyers work with:

  • Small business owners and entrepreneurs
  • Private corporations
  • Family-owned businesses
  • Professionals and incorporated professionals
  • Individuals with complex tax affairs
  • Families concerned with wealth preservation
  • Clients entering significant business or personal transactions
  • Clients facing CRA audits, reassessments, or appeals

Strategic planning supports legal compliance, risk management, and avoids costly penalties and litigation. Early advice can often provide more options than trying to correct a tax problem after a transaction has been completed.

Why Work With Our Edmonton Tax Lawyers?

Tax law can be technical, and the consequences of a poorly structured transaction can extend well beyond the immediate tax year.

We take a practical approach to tax planning, taking the time to understand your objectives, identify potential risks, and explain the available options in clear terms. Whether you need advice for a specific transaction or ongoing support for your business, we can help you make decisions with the tax implications in mind.

Our work may involve coordinating tax considerations with corporate, commercial, estate, or other legal matters when those issues overlap.

With extensive experience, our experienced team helps owners understand rules, stay ahead of news and decisions—like those from the Canadian Tax Foundation—and plan effectively for complex areas including children, and global transactions.

Contact our tax lawyers today to discuss your business tax needs, review information, and ensure your corporation or small business makes informed decisions year-round.

What You Can Expect When Working with Our Edmonton Tax Planning Lawyers

When working with our Edmonton tax planning lawyers, expect personalized tax planning tailored to your needs as a business owner, corporation, or individual under Canadian tax law and the Income Tax Act.

Our experienced team provides clear guidance to minimize taxable income, optimize expenses, profits, and eligible benefits while ensuring compliance with rules enforced by the Canada Revenue Agency.

Book a Consultation with Our Tax Planning Lawyers in Edmonton

Ready to optimize your tax strategy? Book a consultation with our Edmonton tax planning lawyers today to discuss business tax planning, income tax matters, and personalized solutions under the Income Tax Act and Canadian tax law.

Our experienced tax lawyers assist business owners, corporations, small businesses, individuals, and families with taxable income minimization, expenses, eligible benefits, profits, and compliance enforced by the Canada Revenue Agency.

What We’ll Cover in Your Consultation

  • Tailored tax planning for income splitting, split income rules, trusts, royalties, transactions, family wealth, children, residents, manufacturing incentives, limited partnerships, and personal tax situations.
  • Guidance on audits, appeals at the Tax Court or Federal Court, government benefits, Alberta decisions, agents, global context, and complex areas based on current news and Canadian Tax Foundation articles.
  • Practical steps to ensure you understand rules, protect rights, stay ahead of evolving decisions, and make informed choices for your business or personal needs year-round.

Contact our team now to discuss your tax services, review information, and work together on time-sensitive matters. Click to book and start planning effectively today.