Top 5 year-end tax planning strategies for your business: 2021 edition

October 28, 2021 BDO CANADA

decorative

Amid the on-going challenges of the pandemic, tax planning may not be top of mind for many business owners, but it’s more important than ever to plan ahead for income taxes to avoid any unpleasant surprises later on.

Here are five key strategies to consider when conducting year-end tax planning for your business in 2021.

Get year-end tax planning help from a trusted advisor

If you think that your business could benefit from any of these strategies, contact your local BDO office today. A trusted BDO advisor would be happy to assist you with your business’s year-end planning.

Rachel Gervais, GTA Tax Service Line Leader

Greg London, Eastern Canada Tax Service Line Leader

Bruce Sprague, Western Canada Tax Service Line Leader


The information in this publication is current as of October 24, 2021.

This publication has been carefully prepared, but it has been written in general terms and should be seen as broad guidance only. The publication cannot be relied upon to cover specific situations and you should not act, or refrain from acting, upon the information contained therein without obtaining specific professional advice. Please contact BDO Canada LLP to discuss these matters in the context of your particular circumstances. BDO Canada LLP, its partners, employees and agents do not accept or assume any liability or duty of care for any loss arising from any action taken or not taken by anyone in reliance on the information in this publication or for any decision based on it.

Previous Video
Distributions to Family Members #WeWroteTheBookOnThat | BDO Canada
Distributions to Family Members #WeWroteTheBookOnThat | BDO Canada

BDO Partner Sheana Espiritu co-authored and addresses this in Chapter 8, ‘Distributions to Family Members’ ...

Next Article
Checklist 2021: save on your personal taxes
Checklist 2021: save on your personal taxes

As we approach the end of a very challenging year, it’s a good idea to think about personal income tax plan...