• Strategic Tax Planning
    for Tomorrow's Success

    Faber - your trusted ally in strategic tax planning. Our mission is to simplify and streamline your financial journey, transforming taxing complexities into accessible strategies that nurture your wealth and set the stage for a prosperous future.

Why Tax Planning Matters?

Effective tax planning is the cornerstone of financial well-being. By implementing efficient strategies, you can legally minimize your tax liability, freeing up resources to invest, save, or reinvest in your business. Our expert tax planners work diligently to understand your unique financial situation, short-term goals, and long-term aspirations to design a personalized tax strategy that aligns with your objectives.

Taxation Advisory Accounting Finance
Taxation Advisory Accounting Finance

Experience Comprehensive Tax Planning Services with Faber

Every client, every business, and every personal financial situation is unique. Our corporate tax planning strategy services reflect this belief. They are personalized, designed to meet your specific needs and encompass a broad range of strategic areas:
  • Tailored Corporate and Personal Income Tax Return Preparation and Filing
  • Estate and Trust Income Tax Return Preparation and Filing
  • Scientific Research and Experimental Development (SR&ED) Claims Assistance
  • Business Tax Credit Claims, Including Provincial or Territorial Tax Credits
  • CRA Income Tax Audit, Appeals, and Tax Court Support
  • Provincial and Federal Commodity Tax Planning and Compliance
  • Edmonton and U.S. Tax Consulting
  • Cross-Border Tax Strategies
  • Estate and Post-Mortem Tax Planning
  • Corporate Reorganizations and Restructuring
  • Mergers and Acquisitions Assistance
  • Corporate Amalgamations and Wind-ups
  • Outbound and Inbound Investment Strategies
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Your Professional Accounting Solution

In the ever-evolving landscape of tax regulations, navigating the intricacies of strategic planning can be overwhelming. That’s why small business owners should hire a team of professional accountants. Our expert team, armed with an in-depth understanding of the Edmontontax system, is committed to ensuring your financial peace of mind. You can rest easy, knowing your business and personal growth remain at the forefront of our focus. Reach out to us today to begin your journey towards financial success.

Faber Works for you

When you hire our experts, you gain more than just a service provider; you gain a dedicated team of experts passionate about your financial success. Our strategies are tailor-made to your specific financial situation, aligning with your goals, and ensuring a prosperous future.

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Trust Faber - The Tax Advisory Experts

When you hire tax advisory experts, you're investing in a wealth of experience and a commitment to practical, effective solutions. Our team is here to untangle your complex tax issues, providing strategic advice to protect and grow your wealth.

2.

Complimentary Consultation

We invite you to connect with us today for a complimentary, no-obligation consultation. Let us demonstrate the difference – strategic tax planning tailored to your unique situation.

3.

Hire Faber for Success

Join the scores of satisfied customers who have made our company their preferred choice for strategic tax planning. We eagerly await the opportunity to work with you, driving your financial success and carving a path towards a prosperous future. Don't wait till the last minute. Let us help you strategize your taxes.

Corporate Tax Planning Strategies

Business Structure Optimization

Choosing the right business structure is vital for minimizing tax liabilities for Canadian businesses. Our team will analyze your business's unique characteristics and goals to determine the most tax-efficient structure, whether it's a sole proprietorship, partnership, corporation, or other entity.

Tax Credits and Incentives

Navigating the numerous tax credits and incentives offered by the Canadian government can be overwhelming. Our experts will identify and help you leverage these opportunities to support your business's growth and success.

Tax Loss Harvesting

In challenging economic times, businesses may incur losses. Our tax planners can strategically use these losses to offset taxable income, providing a potential reduction in your corporate tax liability.

Succession Planning

Passing on a business requires careful consideration of tax implications. Our team will work with you to create a comprehensive succession plan that ensures a smooth transition while minimizing taxes for both the current and future owners.
Save money, plan! Request a free quote for our strategic tax planning services.

How to Make a Difference?

We aim to build lasting relationships with our clients. Here’s how we stand out from the crowd:

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Tailored Solutions

We know that each client’s financial situation is unique. Our tax planning strategies are customized to suit your specific needs and goals, ensuring that you receive the best possible outcome.

Expertise and Experience

Our team consists of highly qualified tax professionals with years of experience in tax planning and compliance. Rest assured that your financial affairs are in capable hands.

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Proactive Approach

We take a proactive approach to tax planning, regularly reviewing and adjusting strategies as needed to accommodate changes in your financial situation or tax laws.

Compliance and Ethics

Faber adheres to the highest standards of compliance and ethics. Our commitment to integrity and transparency ensures that you receive reliable advice and services.

Maximize your savings today. Get your personalized tax planning strategy.

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FAQs

What Does a Tax Strategy Do?

A tax strategy refers to a comprehensive plan developed by individuals or businesses to legally minimize their tax liabilities while optimizing their financial outcomes. The main objective of a tax strategy is to strategically utilize various tax laws, credits, deductions, and exemptions to reduce the overall tax burden.

By analyzing the individual's or company's financial situation, income sources, and investments, a tax strategy aims to ensure compliance with tax regulations while maximizing tax efficiency and preserving wealth.

What is Strategic Tax Management?

Strategic tax management involves the proactive and systematic approach of integrating tax considerations into an organization's overall business strategy. This entails aligning financial and operational decisions in a manner that minimizes tax liabilities while supporting the achievement of broader business objectives.
Strategic tax management also encompasses tax planning for short-term and long-term goals, evaluating tax implications of investment decisions, and staying updated with changes in tax laws and regulations to maintain tax efficiency and competitive advantage.

What is Tax Planning in Auditing?

Tax planning in auditing refers to the process of reviewing a company's financial records and transactions to identify potential tax-saving opportunities and ensure compliance with tax regulations.

During an audit, tax planning involves collaborating with tax specialists to assess the accuracy of tax calculations, identify areas of potential tax exposure or overpayment, and optimize tax positions within the boundaries of tax laws. Effective tax planning in auditing helps businesses avoid costly penalties, efficiently manage tax liabilities, and maintain transparency in reporting to tax authorities.

What is the Difference Between Tax Avoidance and Tax Evasion?

Tax avoidance and tax evasion are two distinct practices concerning tax compliance. Tax avoidance involves using legal means to minimize tax liabilities, such as taking advantage of tax deductions, credits, and incentives provided by tax laws. It is a legitimate approach to reduce taxes without violating any regulations.

On the other hand, tax evasion is an illegal practice that involves intentionally misrepresenting or concealing income, assets, or transactions to evade paying taxes or to pay less than what is legally owed. Tax evasion is considered a criminal offence and is punishable by law.

What is a Tax-Efficient Structure?

A tax-efficient structure refers to the organizational setup or arrangement designed to minimize the overall tax burden for individuals or businesses. Such structures consider factors like tax rates, jurisdictions, types of income, deductions, and credits to optimize tax planning.

For businesses, a tax-efficient structure might involve choosing the appropriate legal entity, location, and operational model to maximize tax benefits. Similarly, individuals may employ tax-efficient investment strategies, retirement accounts, and estate planning techniques to reduce their tax liabilities while ensuring compliance with tax laws.

What are the Three Most Important Types of Tax Systems?

The three most important types of tax systems are:

a) Progressive Tax System: In this system, the tax rate increases as the taxable income of individuals or businesses rises. Higher-income earners pay a higher percentage of their income in taxes, while lower-income individuals pay a smaller percentage.

b) Regressive Tax System: In contrast to a progressive system, a regressive tax system imposes a higher tax burden on lower-income individuals as a proportion of their income. This means that the tax rate decreases as income increases, leading to a relatively higher tax burden on the less affluent.

c) Flat Tax System: A flat tax system applies a uniform tax rate to all individuals or businesses, regardless of their income level. This approach simplifies the tax structure but can have varying impacts on different income groups, depending on the specific details of the system.

Different countries adopt various tax systems, each with its implications for income distribution, economic behaviour, and revenue collection.

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Faber LLP is a full-service, Edmonton-based accounting firm dedicated to helping people and their organizations plan for success. Our aim is to be the preferred firm for all of your taxation, accounting and assurance, and advisory needs.