Live the life you always wanted.
We are tax accountants. We help entrepreneurs live the life they always wanted through personalized tax planning strategies to preserve their hard-earned wealth.
It's easy to lose sight of why you became an entrepreneur in the first place...
You probably became an entrepreneur because you want to be:
- Free to choose what kind of work you do.
- Free to choose who you want to work with.
- Free to turn away opportunities because you are financially secure.
Being an entrepreneur requires you to make life-altering tax, financial, and estate planning decisions. It is easy to get overwhelmed and let the waves carry you away.
If you are an entrepreneur who feels this way, we can ease your mind.
We are tax accountants by trade, but we are also entrepreneurs. We noticed that small business owners don’t always get the right guidance and direction.
We would love to put your mind at ease knowing that all your tax and estate planning are in capable hands.
We help you at all stages...
Your financial, tax, and estate planning decisions can change the trajectory of your life. We don’t just prepare your tax returns. We develop personalized strategies that will grow your wealth and free up time to live the life you always wanted.
Start-up Stage
We all start our businesses with excitement and big dreams to give us the life we always wanted. Right off the bat, we equip you with sound tax knowledge so you can always make wise decisions.
Growth Stage
At the growth stage, you need to make critical financial and tax decisions that affect you and your family. We help guide you through all the tough decisions with proven tax strategies that will grow and preserve your hard-earned wealth.
Mature Stage
In the mature stage, your business should be allowing you to enjoy the life you always wanted. It should not bog you down. Most people spend 1/3rd of their lives working to pay off taxes. With sound tax planning, it will free up that time to do what you love.
Retirement Stage
Retirement planning should start right away. With proper retirement, succession, and estate planning, you can keep more of what you earn for you and your family, so you can retire on time and live the life you always wanted!
Our caring team will guide you to the life you always wanted.
Our clients love working with us.
Our offices
We serve entrepreneurs looking for sound tax advice all across Canada. We’re equipped to work remotely and serve you no matter where you are. If you prefer to meet us in person, we have two office locations for your convenience in Ontario.
Markham/Richmond Hill Office
Location
120 East Beaver Creek Rd Suite 200, Richmond Hill, ON L4B 4V1
Our hours
9:00 AM – 5:00 PM
Monday – Friday
Contact us
Phone: (519) 744-4030
Email: clientrelations@lrktax.ca
Waterloo Region Office
Location
630 Riverbend Dr Suite 103, Kitchener, ON N2K 3S2
Our hours
9:00 AM – 5:00 PM
Monday – Friday
Contact us
Phone: (519) 744-4030
Email: clientrelations@lrktax.ca
We are ahead of the curve in the world of tax to bring you the latest tax plans
Liberal Government Mortgage Reforms: A Double-Edged Sword for Young Canadians?
On September 16, 2024, the federal government unveiled bold mortgage reforms aimed at tackling Canada’s housing crisis and making homeownership more accessible, particularly for younger generations. While these changes seem beneficial at first glance, a closer look reveals a more complex picture, especially for Millennials and Gen Z who are already grappling with high home prices in cities like Toronto and Vancouver.
Canadian Entrepreneurs’ Incentive: A Promising Tax Break Needing Greater Clarity
Are you a Canadian business owner considering selling your company? The new Canadian Entrepreneurs’ Incentive (CEI) could be of benefit. Starting in 2025, this promising tax break will significantly reduce your capital gains tax. With a gradual increase in the lifetime limit to $2 million by 2029, the CEI offers substantial savings for eligible entrepreneurs. However, the draft legislation raises important questions about qualifications and exclusions. Discover how this incentive could impact your business and what clarifications are needed for a smoother implementation.
Tax Filing Relief for Trusts in 2024 and Beyond
Navigating the complexities of trust tax filing can be daunting, but there’s good news for 2024! Recent draft legislation will exempt bare trusts from filing tax returns, easing the burden on many Canadians. The definition of Listed Trusts is also expanding, providing more relief for smaller and family trusts. Discover how these changes can simplify your tax obligations and offer greater flexibility in managing your assets. Stay informed on updates that could impact your financial planning—read on to learn more!
