Individual Tax Planning

All individual residents in Canada are required to report and remit income tax on their worldwide income on an annual basis. Although this requirement sounds straightforward, temporary foreign workers, high net worth individuals and business owners can have particularly complicated personal tax situations that require experienced Canadian tax advice. In some cases, clients will need to rectify errors or omissions from previous taxation years and we can offer assistance with applications under the voluntary disclosure program for individuals who meet the requirements.

The experienced team at Boughton routinely assists individuals with their tax planning needs. Solutions are often integrated with other services we provide such as: compensation plan design, trust and estate planning and implementation of business structures. We frequently work in close cooperation with accountants and other existing trusted advisors in a collaborative manner. The end goal is to provide a tailored, tax-efficient plan that meets the personal objectives of each client.

Our team also represents individuals in all stages of their disputes with the Canada Revenue Agency.

Further information on our Tax Dispute practice can be found here.