Personal, Trusts & Estates

When it comes to tax and financial matters for yourself and your entire family, rely on our knowledgeable advice and experience and be worry-free! Minimize your taxes today and for the future with RHN.

Personal Services

RHN prepares all tax documents you need for Canada Revenue Agency, as well as communicates with CRA on your behalf. Need a long-range tax and financial plan or advice regarding tax implications of investments, other major financial decisions or significant life events? We take in consideration all facets of your personal and business matters and give you a comprehensive strategy to minimize taxes and maximize preservation of assets.

INCOME TAX PREPARATION

  • Annual individual income tax preparation, including consideration for the following:
    • Investment, rental and business income
    • Capital gains and losses
    • Foreign income and assets
    • Pension splitting election
    • Medical expenses and charitable donations optimization
    • Disability tax credit
    • RRSP, TFSA, RESP, RDSP
  • Review prior years income tax returns
  • Volunteer Disclosure – back filings and adjustments
  • Preparation of financial statements for divorce settlements

BUDGET PLANNING AND TAX ADVICE

  • Comprehensive income tax planning
    • Determine annual and monthly personal income
      requirements
    • Determine corporate capacity and estimating income taxes
    • Determine savings goals (RRSP, TFSA, RESP, NHBP, LLLP, life insurance, etc.)
    • Prepare scenarios and determining the least tax payable
    • Preparation of a pro-forma schedule of remuneration, tax remittances and savings contributions

Trusts & Estates Services

Peace of mind in knowing that your assets are securely passed on to future generations is important to you. We can create a plan together with you now to protect your assets and minimize income tax and probate fees for the future. It is always a good time to discuss these matters with our Directors and ensure that your loved ones are taken care of through our Estate, Trust and Succession Planning services.

FAMILY TRUST

  • Assistance with creation of Family Trust

TAX PLANNING & TAX ADVICE

  • Income tax return for year of death (Terminal T1)
  • Estate T3 tax returns
  • Tax Clearance Certificate(s)
  • Determine capital gains and losses on deemed disposition of assets at date of death

SUCCESSION PLANNING FOR BUSINESSES

BOOKKEEPING & CAREGIVER SERVICES

  • On-going bills payments
  • Assistance to Executor or Administrator with their reporting requirements
  • Caregiver payroll and T4 filings

Client testimonials

"I have been a client of Reid Hurst Nagy for 42 years, and during that time their level of knowledge, experience, reliability and professionalism has given me great peace of mind, both personally and professionally. After more than four decades, I feel confident knowing that I can trust them with anything, including giving me the very best service and advice."

G.E., president, dental/real estate industry and family trust trustee

"As a health care practitioner, I have unique business needs and tax planning requirements. What I most appreciate about working with Reid Hurst Nagy is the personalized service and the staff’s ability to answer our questions in a way we understand. No question is too basic for a full explanation, so even the most novice tax planning clients can feel confident knowing that they have the information they need to make sound decisions. Since we began working with RHN in 2010, we’ve been able to maximize our tax savings through highly efficient tax planning. Thank you RHN — your level of service and knowledge is excellent!."
T.D., ophthalmologist and family trust trustee