Do you have questions or concerns about your tax situation?

Are you thinking that you might be able to create greater instances of tax avoidance?

• Welcome to Golioth Enterprises Tax Page! We hope you find useful information on this page about your tax situation and possible tax planning techniques

• Remember tax avoidance is possible; tax evasion gets you hefty fines, auditors on your back, and possible jail time!

  • Different options are available e.g.:

    • Incorporation vs. self employed

    • Each customer is assessed based on his/her personal situation

Have you started your own business recently?

Did you know you can transfer your self-employment assets into your business with no tax consequences? CRA allows an instance of transfer of assets or rollover if you will,  into your  business as a way of allowing Canadian businesses to use existing assets to generate revenue and avoid high capital start up costs for your business. IT-291R3

In the above IT bulletin, Revenue Canada states that if the transferor is an  (individual tax payer) and the transferee is a (taxable Canadian corporation) at time of transfer. The transferor is allowed to dispose of the assets to the transferee at a value other than FMV (fair market value).*Certain rules apply visit the link for IT-291R3. This transfer can be performed by filing form T2057.