Accountant for wealth management

In Quebec, wealth management almost always involves a management company: surpluses accumulated within the operating company, intercompany dividends paid to the management company, rental properties, investment portfolios, and sometimes a family trust established through an estate freeze. Each decision—withdrawing funds, reinvesting, selling, or transferring assets—has a different tax cost, and the rules governing the Capital Gains Tax Credit (CGC), the Remittance of Transferred Shares (RTTS), or the small business deduction do not allow for improvisation.

An accountant familiar with this sector will keep your tax accounts up to date, coordinate with your tax advisor, notary, and financial planner, and transform your business structure into a concrete plan for disbursement and transfer. We'll introduce you to the right accountant for this sector, free of charge, as many times as needed, and we'll stay by your side every step of the way. No obligation.

• Choosing the right structure: Gesco alone, holding company above the operating company or discretionary family trust resulting from an inheritance freeze.
• Monitor passive investment income: beyond $50,000 per year, it eats into the operating company's $500,000 business limit (eliminated at $150,000).
• Dealing with a tax of more than 50% on investment income earned in the company, partially refundable via IMRTD upon payment of dividends.
• Feed and document the CDC (non-taxable portion of capital gains, life insurance proceeds) to pay tax-free capital dividends.
• Arbitrate salary and dividends (determined or ordinary according to the CRTG) taking into account the RRSP, the RRQ and your liquidity needs.
• Planning for succession: estate freeze, deemed disposition of trusts at 21 years, death tax and post-mortem strategies (pipeline).
• Coordinate accountant, tax advisor, notary and financial planner in an overview, with a clear disbursement schedule.

• Produce the federal T2 and the Quebec CO-17 for each company in the group within 6 months of the end of the fiscal year, with advance payments if applicable.
• Keep tax accounts up to date: CDC (election T2054 and CO-502 before each capital dividend), IMRTD and dividend refund.
• Produce the T5 slips and RL-3 slips for dividends paid to shareholders, no later than the end of February.
• Report trusts: T3 and TP-646 within 90 days of year-end, including expanded disclosure of beneficial ownership (Schedule 15).
• File form T1135 if the cost of foreign property exceeds $100,000.
• Documenting intercompany dividends: Part IV tax (38.33%) on portfolio dividends, 55(2) anti-avoidance rule, rollovers (T2057).
• Validate VAT status: most holding companies do not have to register (investment income exempt), and any RTI or CTI claimed must be justified according to the rules specific to holding companies.

Is a holding company right for me? It depends on your assets, income, and estate planning goals. A holding company often becomes relevant when surpluses accumulate in your operating company or when investment income approaches the $50,000 threshold that reduces the small business deduction. An accountant specializing in this area will compare the scenarios with you: we'll connect you with the right accountant, as many times as you need, free of charge.

How can I reduce the tax on my investment income? In a corporation, investment income is taxed at over 50% in Quebec, but a portion is refundable through the Income Tax on Dividends (ITRD) upon dividend payment. Your accountant will plan for holding periods, the Capital Dividend Account (CDA), intercompany dividends, and tax deferral based on your specific situation. We will connect you with the right accountant for this sector, free of charge, as many times as needed.

Combien coûte un comptable pour ce secteur ? Selon le Baromètre Bankeo, fondé sur 1 248 dossiers réels (2024-2026), la médiane d'un comptable au Québec tourne autour de 3 000 $ par année, de 500 à 6 000 $ selon le secteur et la complexité. Le jumelage Bankeo est gratuit : vous payez votre comptable directement, aux honoraires habituels du marché.

How can I change accountants for my management structure without disrupting everything? We retrieve your past tax returns, your CDC and IMRTD balances, and your financial statements, then we bridge the gap with the new accountant so nothing is lost. You choose the timing, often once the current fiscal year has ended. Free of charge, we introduce you to the right accountant for your sector, as many times as necessary, and we remain by your side.

Is a local or remote accountant better for managing my assets? What matters is expertise in corporate taxation and estate planning, not distance. Many accountants in the sector handle files effectively remotely throughout Quebec, and we can also introduce you to someone near you if you prefer face-to-face interaction. We connect you with your specific situation, free of charge.

Should my accountant also manage my family trust? Ideally, yes, because the trust's T3 and TP-646 forms, the deemed disposition at 21 years, and the dividends flowing through it need to be coordinated with your corporations. An accountant who sees everything avoids blind spots between the managing company, the operating company, and the trust. We'll connect you with the right accountant for this area, free of charge, as many times as you need.