Estate Tax &
Estate Planning in Ottawa

Perpetuate your wealth and reduce your estate taxes

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Ottawa Estate Planning

The Chartered Professional Accountants at Smith and West are here to help you protect your family and business by planning your estate. Tailored to your family’s or business’ unique needs, our expert CPAs are trained to give you the best options to minimize or eliminate estate taxes, inheritance taxes, and probate fees. While planning an estate needn’t be stressful, it is essential to ensure the brightest future for your family or business. That’s why your best bet is to let our expert estate accountants do the heavy lifting and make sure your affairs are in order.

For all your estate tax planning and estate tax needs, contact Smith & West to ensure a bright future for your family or business.

Why Your Business Needs a Tax Accountant in Ottawa

Accounting is a crucial business function when beginning a small firm. It gives business owners the clearest insight into the performance of their operations. Additionally, for tax and regulatory reasons, entrepreneurs must maintain a wealth of records of their businesses.

  • Forecast Business Outlook

Entrepreneurs typically draft a business strategy that contains financial reports, an economic outlook, and projected expenditures. Lenders and investors rely largely on this accounting information to make sure that the business owner has a clear understanding of the expected financial results.

  • Plan Budget

Making a budget is a crucial accounting task when beginning a business. Budgets lay out the costs associated with various business activities. Businesses may set aside money for recruiting staff, marketing plans, stock purchases, and other forms of business expenses. Entrepreneurs can save money by adhering to a budget and avoiding spending it on non-essential business expenditures.

  • Determine Revenue and Profits

Most often, a business will gauge its profitability through accounting. Businesses must determine how effectively they are employing their resources to produce services as well as how the cost of their inventory compares to their profit margin.

  • Gain Insight

Businesses may seek guidance from a certified public accountant. They offer a wealth of education, expertise, or skill when assisting entrepreneurs in arranging their business accounting processes. Business owners may also want expert advice when submitting tax returns and making sure all business-related expenses are covered at year’s end.

Our Business Advisory Services in Ottawa, Canada

Thanks to a wealth of extensive experience working with companies of all sizes and stages of growth, our business advisory & consulting experts can advise you on issues such as:

  • Management

Our business advisory and consulting experts can offer invaluable insights into effective management strategies. We will provide an in-depth analysis to guide decision-making and realize your business’ fullest potential.

  • Corporate Finance

We aim to create value for your business every chance we get. We can provide you with tailored advice on your financial planning, budget decision, and acquisitions and investment strategies to ensure your financial health and growth.

  • Benefit Plans

Crafting competitive and attractive benefit plans is important for attracting and retaining top talent. Our advisory team can help you design and implement benefit plans that meet the needs of your employees while still aligning with your company’s goals and values.

  • Outsourcing

Outsourcing can be a strategic move to improve efficiency and reduce costs. Our business advisors can guide you through the process, helping you identify the right outsourcing opportunities and manage vendor relationships effectively.

  • Pricing

The right pricing strategy determines profitability. Our consultants study your market and competitors to create a pricing plan that maximizes your revenue while simultaneously delivering exceptional value to your customer base.

  • Grants, Bursaries & Fundraising

Accessing grants and fundraising opportunities can provide vital financial support for your business or projects. We have a proven track record of assisting clients in securing grants, bursaries, and raising funds to fuel growth and innovation.

Contact us today to find out how engaging the business consulting and advisory services of Smith & West could be one of the best business decisions you’ve ever made.

Our Estate Planning Services in Ottawa

No matter what your estate planning & estate tax needs may be, from simple to highly complex, our team of knowledgeable estate tax & planning professionals can help you out with a wide range of estate accounting services. Our line-up of estate tax planning services includes:

  • Wills and Estates
  • Estate Trust and income tax
  • Estate law
  • Trust tax returns
  • Dissolving of Trusts

Contact us for more information about our estate planning services, and to find out how Smith & West can help ensure that your estate is well looked after.

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Frequently Asked Questions

The trusted team for accounting, tax & consulting with integrity, quality and professionalism.

Estate planning is the process of creating set instructions describing how your assets are to be distributed, who they are to be distributed to, when they are to go to them, and in which form they are to be distributed. 

Many people assume estate planning is only for the wealthy or elderly, however, estate planning is important for everyone who owns any assets or funds. For example, if you own a car, a house/condo, bank accounts, or any other personal possessions then proper estate planning can help you avoid unnecessary taxes and legal hassles. 

Additionally, in the event you are incapacitated, estate planning also allows you to select powers of attorney to make medical/financial decisions on your behalf. Effective estate planning saves your loved ones from additional heartache, contact Smith & West today to learn more. 

An effective estate plan required a whole team of professionals to collaborate. Professionals such as attorneys, investment advisors, insurance specialists, and CPAs all have to work cohesively together to ensure your plan caters to your needs and wants.

A CPA brings his or her in-depth knowledge of taxes which allows you to be aware of the potential tax implications of your estate plan. This also allows you to ensure that your estate is being preserved and isn’t subjected to taxes that could potentially be avoided.

Additionally, a CPA can also provide you with the future value of your estate by using their knowledge of market trends and finances. 

Here at Smith & West, we offer a multitude of estate tax planning services:

– Wills & Estates
– Estate Trust & Income Tax
– Estate Law
– Trust Tax Returns
– Dissolving of Trusts

If you require any assistance with the services listed above, please contact us today.

We have an experienced team of Chartered Professional Accountants who have extensive experience helping clients create the best estate plan that caters to all their wants and needs. We are a one-stop firm that can help with accounting, tax, and finance.

We know everyone is different which is why we provide customized solutions based on your specific needs. Contact us today to learn more. 

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About Smith & West CPA

Dedicated Chartered Professional Accountants & Business Advisors