Personal Tax Planning

Tax planning allows the taxpayer to use various tax exemptions, deductions, and benefits to minimize their tax liability. This makes it a cumulative result of various income tax planning techniques like income splitting, Registered Retirement Savings Plan (RRSP) contributions, private pension plan, etc. 

Whether you have a corporation, proprietorship, or other business interest, everyone has to file a personal income tax return (T1). Romanovsky and Associates’ seasoned associates are highly skilled in tax planning for Canadian professionals and businesspeople. We can ease any tax confusion you may have by creating a dynamic strategy that protects your earnings. Our consultation helps our clients navigate their business towards opportunities and away from pitfalls. Click here to see the latest CRA Tax Rates.