I only find out what I owe when my accountant files.
What's happening: that's reporting, not planning. By then, the year's decisions are already locked in.
Sound familiar?
What incorporated owners tell us every week.
There's cash sitting in my corporation and no plan for it.
What's happening: idle cash barely grows, and the investment income it earns inside the corporation is taxed at about 50%.1
Every time I take money out, I get hammered.
What's happening: salary, bonus and dividends are each taxed differently. The mix matters more than the amount.
Salary or dividends? I'm never sure what's best.
What's happening: the right answer shifts every year with your income, your family, your RRSP room and what's in the corporation.
My advisor pitches products. Nobody looks at the whole picture.
What's happening: your tax plan and your wealth plan should be one plan, not two separate sales calls.
If something happened to me, my family would inherit a tax mess.
What's happening: without planning, corporate wealth can be taxed twice on its way to your family.
The real problem
You don't have an income problem. You have a tax‑flow problem.
Every dollar your corporation earns goes one of three ways. Each way has its own leak, and most owners only look at one of them, once a year.
Every $1 your corporation earns
Paid to youSalary, bonus, dividendsLeak 01
Parked in the companyRetained earnings, investmentsLeak 02
Taken out or passed onRetirement, your estateLeak 03
01
The Pay Leak
How you pay yourself
- Looks like
- Salary or dividends decided at year-end. No plan for your spouse's income, RRSP room or CPP.
- Costs you
- Personal tax in Ontario tops out at 53.53%.2 Take out the wrong dollars and you pay it on money you didn't need yet.
- We look at
- Your salary, bonus and dividend mix, the timing, and which dollars should stay in the corporation.
02
The Parking Leak
Cash sitting in the corporation
- Looks like
- Retained earnings in a bank account, GIC or corporate portfolio, with no job to do.
- Costs you
- Investment income inside a private corporation is taxed at about 50%.1 Past $50,000 a year of passive income, your small business deduction starts shrinking. At $150,000, the federal portion is gone.3
- We look at
- Separating operating cash from true surplus, then repositioning surplus to grow tax-sheltered, including corporately owned permanent life insurance where it fits.
03
The Exit Leak
Getting it out and passing it on
- Looks like
- No plan for how money leaves the corporation, in retirement or when you pass away.
- Costs you
- Taken out later as dividends, it's taxed again at personal rates. At death, without planning, the same corporate dollar can be taxed twice.
- We look at
- Future access to capital, estate liquidity, and the Capital Dividend Account, which can pay eligible insurance proceeds out to your estate and family tax-free.4
Why Mahad
The accountant and the advisor. In one room.
Your accountant files what already happened. Your advisor sells a product. Each sees one corner of your money, and the leaks live in the gaps between them.
Mahad runs Tax Partners, an accounting and tax firm serving Canadians since 1991. He is also a licensed insurance advisor in Ontario, Alberta, Saskatchewan, Manitoba and British Columbia. Your tax plan and your wealth plan get built together, by people who see both sides.
1991Tax Partners founded
5Provinces licensed: ON, AB, SK, MB, BC
4.8★Trustpilot rating from 232 reviews
2Offices: Newmarket & Oshawa
Is this for you?
Built for some owners. Not everyone.
This is for you if
- Your business is incorporated in Ontario, Alberta, Saskatchewan, Manitoba or BC
- Your corporation does $50K+ a year in revenue
- Cash is building up in the company, or soon will be
- You want your tax plan and your wealth plan working together
- You're tired of hearing “we'll look at it at year-end”
This isn't for you if
- You're not incorporated yet (we can help you set that up first)
- You want aggressive loopholes. Everything we do sits within CRA rules
- You need every dollar in the business for the next 24 months
- You'd rather not look at your numbers
How it works
Three steps. One clear answer.
1
See the 3 leaks
2 minutes. No opt-in. Where corporations like yours lose tax, and how owners plug them.
2
Answer a few questions
2 minutes. It tells us which review fits your corporation.
3
Get your Tax Leak Scorecard
Where your corporation leaks, roughly what it costs you, and your best next step. Whether we work together or not.
Corporations doing $50K+ in revenue
Corporate Tax Review
Your pay mix, deductions, year-end timing and CRA planning.
With the Tax Partners team
Limited spots
$150K+ sitting in your corporation
Corporate Wealth Strategy Session
Retained earnings, passive income, insurance-based wealth planning and estate transfer.
With Mahad, personally
What you leave with
The Tax Leak Scorecard.
One page, filled in with you on the call. Not a brochure, and not a quote.
- Each leak rated red, amber or green for your corporation.
- A rough yearly number beside each one, so you can see the size of it.
- One next step per leak, in plain language.
- What to bring if you want us to go deeper.
Yours to keep, whether we work together or not. Figures on it are estimates for discussion, not advice, and any strategy needs a full review of your situation.
Reviews
What clients say about Mahad and Tax Partners.
Real screenshots, not retyped quotes.
Screenshots of reviews left by Tax Partners clients about our accounting and tax services, on Google and Trustpilot. Reviews describe those clients’ experiences and are not a guarantee of any particular result.
My commitment
One call. Real value. You'll leave with your Tax Leak Scorecard and at least one thing you can act on, whether we work together or not. If there's no clear opportunity, I'll tell you straight.
Mahad Mohamed
Why now
Every year-end without a plan is tax you don't get back. The best time to fix the leaks was before last year-end. The second best is before this one.
Mahad takes a limited number of Wealth Strategy Sessions each month.
Free review
See if you qualify.
Takes 2 minutes. Your answers stay confidential and are only used to prepare your review.
We never sell your information. Your answers are only used to prepare your review.
Questions
What owners ask before booking.
Is this legal?
Yes. Everything we recommend sits within the Income Tax Act and CRA rules. No loopholes, no offshore schemes. Every strategy is modelled on your numbers and reviewed before anything is put in place.
Do I have to switch accountants?
No. We can work alongside your current accountant. Some clients later move their books to Tax Partners because one team sees everything, but that's your call.
What does it cost?
The review is free. If there's a fit, you get a clear proposal before anything happens.
Is this just an insurance pitch?
No. Sometimes the best move is a better pay mix, a holding company, paying down debt, or keeping cash liquid. Insurance is one tool, and we only recommend it when your numbers and goals justify it.
Do I need $150K in my corporation?
No. Corporations doing $50K+ in revenue qualify for a Corporate Tax Review. Owners with $150K+ sitting in the corporation qualify for a Wealth Strategy Session with Mahad.
What should I bring?
Three rough numbers: your corporation's yearly revenue, how much cash or investments sit in it, and how you paid yourself last year. Rough is fine.
Where do you work?
With owners in Ontario, Alberta, Saskatchewan, Manitoba and British Columbia, by video call, or in person at our Newmarket and Oshawa offices.
Proudly Canadian
Find your leaks before your next year-end.
Answer a few quick questions and get your Tax Leak Scorecard.
See if I qualify