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403-266-5607
500, 5940 Macleod Trail SW, Calgary

Special Tax Saving Services

In addition to our Analysis and Advisory services, we have cultivated some special skills and tools to better serve our clientele, and to provide them with substantial tax savings. A few examples of these services include:

PHSP – Private Health Services Plan
PHSP’s allow for the medical expenses of employees, including the owners of the corporation, to effectively be paid for by their employer on a tax free basis. Many in the marketplace sell ‘cost plus’ PHSP’s, or PHSP’s with premiums to a third party that include a substantial profit margin. However, we have developed a plan for our corporate clients to run internally, free of the service costs or profit margins of external plans. We have assisted in setting up internal PHSP’s for most of our clients.

SRED – Scientific Research and Experimental Development tax credits
This is a unique area of the corporate tax return that we have been preparing for over 15 years as well. SRED tax credits are available for clients creating a new proprietary process or product with new technological advancements or attempts thereof. We have assisted a few of our IT clients & Manufacturing clients in applying for these, and we have been successful on approximately 95% of the total amounts claimed.

Tax Shelter Review
Many clients have come to us with tax shelter schemes or other ‘tax preferred’ investment scheme’s that we have put to a critical review using our tax experience. Some we have debunked as contrary to tax law, some we have analysed to be legal, but either not a good investment or not beneficial tax-wise. Some have been fine from a tax perspective so long as the client was happy with the underlying investment.