Covering personal tax returns and wealth management for high net worth individuals
Managing personal taxes in Canada can be challenging for entrepreneurs and business leaders, particularly when balancing income, investments, and long-term financial objectives. Our personal tax services are designed to simplify the process while supporting your overall wealth management strategy. We help ensure accurate filing, maximize eligible deductions and credits, and minimize liabilities, all while providing guidance that aligns with your broader financial objectives. Whether you have straightforward income, multiple revenue streams, or investment holdings, our expert team offers personalized tax services that help you file confidently, stay compliant, and grow your wealth over time.
Trusted Personal Tax Accountants in Toronto
At Hogg, Shain & Scheck, we have an experienced team of financial and tax professionals ready to help high net worth individuals preserve their financial legacy. We specialize in wealth preservation, by assisting clients with a diverse range of personal tax issues that may impact their monetary retention, investment portfolio, and overall net worth.
We are trusted personal tax advisors to a large number of business leaders and entrepreneurs in Canada. Our clients rely on us every year to file their personal tax returns in a timely, accurate and efficient manner. We look forward to introducing you to personalized accounting services in Toronto that are delivered by passionate people who are driven to protect your financial legacy.
Personal Tax & Wealth Management Services
Our personal tax and wealth management services include:
Family, Financial and Estate Tax Planning
Don’t let your hard work and accumulated wealth go to waste due to a lack of foresight, strategy or an updated financial plan. With proper guidance, you can maximize the value of your assets, minimize unnecessary taxes, and ensure a smooth transfer of wealth to your beneficiaries. Our team helps you implement tax-efficient strategies, including thoughtful estate structuring, retirement planning, and ethical optimization techniques, so that your wealth continues to grow and supports the financial security of your family for generations to come.
Personal Tax Wealth Planning
From retirement needs to providing for your loved ones, Hogg, Shain & Scheck’s accounting firm in Toronto will balance your needs to create your better financial tomorrow. Our team works closely with you to balance your immediate financial needs with long-term goals. With our guidance, you can make informed decisions that build a lasting legacy for your family. Take action to protect your much-deserved success.
Tax Preparation & Filing Services
Our high net-worth clients rely on us every year to file their personal tax returns in a timely, accurate and efficient manner. Beyond simple compliance, we provide a comprehensive review of their financial situation, identifying opportunities for tax optimization, deductions, and credits that can enhance their overall wealth. Our team ensures that even the most complex tax scenarios are handled with meticulous attention to detail.
Although personal tax planning and corporate tax planning are separate issues, it is necessary to coordinate the two to achieve optimal results. Our personal tax advisors can help with elements such as structuring investments, taking advantage of income splitting, and avoiding the income tax attribution rules.
Why Choose Hogg, Shain & Scheck?
Our personal tax team is adept at making practical and insightful recommendations that will minimize your tax burden and retain more of your hard-earned money. Our accounting firm is at its best when we are able to establish proactive partnerships with our clients. Therefore, we are able to formulate our yearly taxation strategy at the outset. However, we also confidently deliver reactive tactics that alleviate the stress and financial strain associated with high-value taxation disputes.
We are confident that our sophisticated models of personal tax client service will put you at ease and your finances in exceptionally capable hands. If you are a high net worth individual or an ambitious entrepreneur, contact us today to see how we can assist you with your yearly personal tax return and broader wealth management strategy.
Frequently Asked Questions
Do I need a personal tax accountant?
If your financial situation involves multiple income sources, investments, business earnings, or you are a high net worth individual, hiring a personal tax accountant can save you time, reduce stress, and help minimize your tax liability. A professional can ensure accuracy and optimize your eligible deductions.
What should I prepare for my yearly personal tax return?
You should gather income statements (T-slips), receipts for deductible expenses, investment statements, Registered Retirement Savings Plan (RRSP) contributions, and any relevant documents from self-employment or rental income. Our team can guide you on all required documents.
Can you help with CRA audits or tax disputes?
Absolutely. Our experienced tax advisors provide support for Canadian Revenue Agency (CRA) audits, reassessments, and high-value tax disputes, ensuring your rights are protected and minimizing stress throughout the process.
How do personal tax services support wealth management?
By aligning tax strategies with your broader financial goals, we help optimize investments, retirement planning, and estate planning, ensuring your wealth grows efficiently while minimizing tax liabilities.