The TTI Suite – Tax Planning

Precise projections to facilitate tax planning and informed decision making.

Tax Planning Features

 

TTI’s robust tax engines support a comprehensive list of total and marginal incomes, deductions, non-refundable credits, refundable credits, transfer payments, and more. Complex elements such as TOSI, AMT, Capital Gains Exemptions, Donations, and much more are supported. Some other highlights include:

  

  • Tax rates through to 2027
  • Discretionary amounts optimizer
  • Eight side-by-side tax engines
  • Support for up to six dependants
  • Complete Federal and provincial transfer payments
  • Provincial refundable credits

Tax Planning Worksheets

Assets vs Shares

The biggest decision many entrepreneurs and investors will face is the sale of a business. It’s a high stakes transaction, with sellers eager to get maximum after-tax value on their investment.

Accurately determining the after-tax cash on the sale of a business requires extensive modelling of corporate and personal tax outcomes.

With TTI’s Asset vs Shares Worksheet, you can build multiple transaction scenarios, and compare the results in a practical summary. See how your options stack up, whether you’re selling assets, shares, or a strategic hybrid.

This worksheet is comprehensive, with support for up to six individual and six corporate shareholders. We support individual capital gains exemptions, ABILs, minimum taxes, and the impacts of key transactions before the sale such as safe income stripping and purification.

Tax experts will no longer spend frustrating days or weeks modelling competing scenarios. Utilize this flagship worksheet to provide higher quality and value to your clients while freeing time for other areas of your business.

Assets

  


Shares  

    

Corporate and Personal Tax Summary

This worksheet provides a complete overview of the corporate and personal taxes within a group.

You can track corporate income and taxes for up to two corporations, and the personal taxes of up to six shareholders/individuals.

Forget tax jackets or time-consuming custom summaries – with a few strokes, you can present results in as much detail as you need – from quick projections to balances based on exact amounts.

 

  

 

Corporate Asset Disposition

This worksheet determines the total corporate and personal taxes resulting from the disposition of corporate capital assets and subsequent distribution of the net proceeds to a shareholder. Multiple scenarios are supported to determine the ideal remuneration strategy.

With a few simple inputs, this worksheet calculates the capital gain or loss, applicable recapture or terminal losses, corporate taxes, and personal taxes.

The calculations consider a broad set of elements, including GRIP, RDTOH, CDA, non-capital losses, and capital losses to provide a comprehensive solution – precisely built to your client’s corporate and personal tax situation.

  

  

 

 

Corporate Liquidation

Most clients will eventually ask the big question: “If I liquidate my corporation, how much cash will I receive?”

Confidently integrating the complicated web of taxes is now easy with TTI’s Corporate Liquidation Worksheet.

With a few key corporate and personal inputs, you will have a precise solution for any need. This worksheet determines tax results related to capital assets, eligible capital property, and other assets. It also considers other balances in play, such as GRIP, RDOTH, and CDA for a comprehensive view of taxes.

The Corporate Liquidation Worksheet supports up to six shareholders, allowing you to design a remuneration strategy that considers the total impact. Forget tedious standalone calculations, and deliver value to your clients with clear, accurate results.

 

  

 

Corporate Remuneration Planning

This worksheet projects the corporate and personal tax outcomes of custom remuneration strategies for multiple shareholders/employees. Considering corporate effects, and the exact personal tax situation of each individual, the TTI Corporate Remuneration Planning Worksheet, solves and presents these complex calculations with ease. Using this worksheet, you can manage remuneration strategies for up to six shareholders/employees simultaneously, and show your clients insightful visualizations of their corporate and personal tax results.

 

  

 

Corporate Tax Scenario

This worksheet projects corporate tax outcomes for CCPCs or other private corporations, and provides visual summaries.

Whether you are looking to project income taxes for the coming year, reviewing year by year results, or looking for the total taxes of a corporate group, this worksheet provides you with clear, relevant information.

You can run up to six scenarios, each reconciling several key tax balances, such as GRIP, RDTOH, loss carry-forwards, and donations to make life easy and provide comprehensive results.

 

  

 

 

Income Splitting

The Income Splitting Worksheet quantifies the net cash benefits available by using various income splitting strategies.

This worksheet is popular when suggesting a new strategy, or proving the tax savings from one already implemented.

Whether a client is looking to pay a family member a salary, share CPP benefits, or take advantage of other opportunities, this worksheet easily shows your clients the value. 

 

 

 

Incorporation Savings

“Should I incorporate my business?” This classic question has a fresh solution with the Incorporation Savings Worksheet. Determine your client’s cash needs, and let our worksheet show the results.

This worksheet projects the benefit of operating a business through a corporation vs. as a sole proprietorship, based on the after-tax cash needs of an individual.

We calculate the tax deferral available through incorporation under both salary and dividend scenarios for clear analysis. Our worksheet provides the quantitative analysis, and allows you to focus on qualitative considerations.

 

  

 

 

Integration

The Integration Worksheet determines whether it is more tax efficient to earn different types of income through a corporation, or personally.

Each solution is precisely calibrated to your clients’ personal income. The template also comes with key average tax rates, the tax savings (cost) using a corporation, and potential tax deferrals.

We’ve made limited-scope tax tables obsolete – this worksheet is a must have for any tax professional.

  

Personal Tax Scenario

This worksheet projects the tax effects of income, deduction, and tax credit situations, and determines after-tax amounts.

It’s built for maximum flexibility, and to clearly illustrate personal tax effects for you and your clients.

Whether you’re comparing different forms of income on an after-tax basis, the impact of tax rates between tax years, or how earning income in a different province affects your taxes payable, the ease of use and customization allow you to do it all with confidence. 

 

  

 

Prescribed Loan

This worksheet projects the tax effects of income, deduction, and tax credit situations, and determines after-tax amounts.

It’s built for maximum flexibility, and to clearly illustrate personal tax effects for you and your clients.

Whether you’re comparing different forms of income on an after-tax basis, the impact of tax rates between tax years, or how earning income in a different province affects your taxes payable, the ease of use and customization allow you to do it all with confidence. 

 

  

 

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