1. Recognizing tax planning opportunities and applying basic principles of tax strategy to improve the business ownerÃ¢â‚¬â„¢s tax position
2. The role that taxes may play in business decisions within the life-cycle of a firm, from:
a. the tax issues at start up (e.g., the choice of organizational form, sole proprietorship, partnership, corporation, cooperative, LLP),
b. Location of startup, e.g. provincial, extra-provincial or international
c. the compensation of workers (e.g., current and deferred compensation, stock options),
d. investment opportunities (e.g., stocks, bonds, annuities),
e. capital structure and dividend policy,
f. financial innovations, and
g. mergers and acquisitions.
3. general business survival inc. transactions, pricing policies, product lines, new product development (SR&ED specialized tax relief), international markets, quality, corporate image, and personnel policies.
4. As the business grows to a highly profitable point and has assets, increased responsibilities should a company open a holding company while the main corporation being Ã¢â‚¬Ëœlean and meanÃ¢â‚¬â„¢ operates the business. Does the company open a company in a new jurisdiction that is Ã¢â‚¬ËœfriendlierÃ¢â‚¬â„¢ e.g. Delaware or a tax haven like the CaymanÃ¢â‚¬â„¢s
5. Whatever tax innovation that can mitigate tax paid out and put back into the business