Comprehensive Financial Strategies for Individuals

Navigating the Canadian tax system and deciding on the right structure for your personal finances or side business can be daunting. At Rockon Consulting, we provide integrated solutions covering both personal tax optimization and incorporation advice, ensuring you make informed decisions that benefit your financial future and protect your hard-earned assets. We simplify complexity and provide clear, actionable advice.

Expert Personal Tax Services

Stop overpaying the CRA! Our tax experts stay meticulously up-to-date with the latest regulations, tax court decisions, and administrative policies to ensure you claim every deduction and credit you're legally entitled to. We go beyond simple data entry to find strategic opportunities. Our services include:

• Personal tax return preparation and electronic filing (T1 General), including optimization for couples and families.
• Proactive, year-round strategic tax planning to minimize current and future tax liabilities.
• In-depth advice on income splitting strategies, RRSPs, TFSAs, RESPs, and other tax-advantaged savings vehicles.
• Expert handling of complex situations: rental property income/expenses, capital gains/losses, investment income, foreign income, and self-employment (T2125).
• Professional representation and assistance with CRA inquiries, reviews, and audits.
• Planning for major life events with tax implications (e.g., retirement, property sale, inheritance).

Personal Incorporation Consulting

Incorporating can offer significant advantages like potential tax deferral, limited liability protection separating personal assets from business debts, and enhanced credibility. However, it also involves additional costs and administrative requirements. We help you objectively evaluate if incorporation is the right strategic move for you.

• Detailed assessment of incorporation suitability for professionals (doctors, lawyers, etc.), consultants, contractors, and small business owners.
• Comprehensive guidance on the incorporation process: federal vs. provincial, NUANS name searches, articles of incorporation, and registration.
• Strategic advice on structuring share classes (common, preferred) and understanding director/officer roles and responsibilities.
• Practical advice on setting up corporate bank accounts, establishing minute books, and implementing proper corporate record-keeping.
• Ongoing support for corporate compliance (annual returns) and corporate tax filing (T2).
• Analysis and strategies for owner remuneration: salary vs. dividends vs. shareholder loans, considering integration with personal tax.

Why Choose Rockon Consulting?

We don't look at tax and incorporation in isolation. We provide a holistic view, analyzing how corporate structure impacts your personal tax situation and overall financial health. Our tailored advice ensures your financial structure is not only efficient and compliant but also perfectly aligned with your short-term needs and long-term aspirations. We focus on saving you time, reducing financial stress, maximizing your tax savings, and ensuring your valuable personal assets are protected.