Income tax in Toronto
Keslassy Freedman Gelfand LLP has a wealth of experience advising clients with respect to tax matters, which range from basic to complex. Our tax Group is highly regarded by the business community. We provide sophisticated counsel to various business interests, from small owner operated businesses and their owners to large multinational corporations including private and public corporations, limited partnerships, private equity firms, real estate syndications – in both domestic and cross-border transactions. We provide creative, tax efficient and cost-effective solutions to tax issues.
Our Tax Group works closely with our clients’ internal tax, accounting and corporate departments, external accounting firms (ranging from national firms to small firms and all sizes in between), financial advisors and investment bankers. Our tax lawyers collaborate with the other practice groups in our firm to advise on tax planning in relation to both corporate transactions and personal matters. We develop and implement our own tax planning as well as implement tax planning of other advisors particularly accountants.
When purchasing or selling a business or assets, the tax consequences will often play a significant role in determining the structure of the deal. Our Tax Group works closely with our Business Law Group to advise on and implement a tax efficient structure on a purchase and sale transaction. Some of our services include advising on, structuring and implementing:
- Share transactions
- Asset transactions
- Pre-sale tax planning
- Pre-acquisition tax planning
- Tax due diligence
Corporate Reorganizations
We have the depth of experience and knowledge to carry our clients’ corporate reorganizations taking into account their business needs while ensuring the reorganization is conducted in the most tax efficient manner.
- Butterfly transactions
- Loss utilization planning
- Amalgamations
- Wind-ups
- Incorporations
- Tax-deferred rollover planning
- Tax minimization amongst related groups and shareholders
Corporate Finance and Private Equity
Our Tax Group works closely with the Business Law Group to assist clients with structuring and implementing transactions, including private placements, private equity investments and debt financing transactions.
We regularly advise clients on the tax consequences of cross-border transactions, including acquisitions, sales, financings, partnerships, licensing arrangements, joint ventures and the structuring and restructuring of international groups. Our Tax Group advises international clients on doing business in Canada and Canadian clients expanding their businesses abroad. We also advise individuals on international tax planning.
Our Tax Group works closely with international advisors to ensure integration between the applicable jurisdictions. We have significant experience working with US advisors (both law firms and accounting firms) on US corporate and personal income and estate tax matters.
- Inbound and outbound investments and transactions
- Cross-border planning for businesses
- Transfer pricing
- Dual citizens
- Immigrating to Canada
- Emigrating from Canada
- Foreign trusts
We advise on and implement tax-effective planning and solutions for individuals and families including owners of privately held businesses, professionals and other high-net-worth individuals with respect to their personal and corporate tax planning needs. In doing so we work with the lawyers in our Business Law, Wills, Trusts & Estates, Family Law and Real Estate groups.
- Estate freezes
- Trusts
- Succession planning
- Tax-structured wills
- Post-mortem planning
- Tax minimization and remuneration planning
- Shareholder agreements
Commodity Tax
We help clients in all areas of federal and provincial commodity tax, whether it be in the supply, import or acquisition of goods or services. Our Tax Group provides skilled legal advice with respect to sales and other indirect taxes on the purchase and sale of a business, audits and disputes as well as extra-provincial and cross-border transactions.