Hello,

I am seeking a strategic consultation with a top-tier Canadian CPA for a new e-commerce venture I am launching from my location in Toronto, Ontario.

This consultation is crucial for establishing the correct business and tax structure from day one. I have done some preliminary research, but I need expert guidance to navigate the complexities, especially concerning family tax planning as I will be starting this business with my 19-year-old daughter.

The business model is a hybrid of online retail activities, focusing primarily on used clothing (which falls under NAICS 459510: Used Merchandise Retailers) and also includes new apparel imported from Asia . Deep experience with e-commerce businesses is essential.

The purpose of this Zoom call is to gain clarity on foundational decisions and find the right advisor for a potential long-term relationship once business is operational. To make our call as productive as possible, I would like to focus on the following specific questions.

Agenda for our Strategic Call

1. Optimal Registration Strategy: A clear comparison of the tax implications of registering the business in my name vs. my daughter's name, considering our different income levels.

2. Tax on Split Income (TOSI) Rules: Strategic advice on how to structure my daughter's involvement and compensation (e.g., salary vs. profit share) to meet the CRA's "actively engaged" exemption (the 20-hour rule and other factors) and avoid TOSI penalties.

3. Eligible Dependant Credit: As I am separated, I need to understand at what income level my daughter would no longer qualify as my dependant and how to strategically balance this with her potential business earnings.

Ideal Candidate

Deep E-commerce Experience is Essential: You have significant, demonstrable experience advising Canadian online retail businesses.

Expert in Small Business & Family Tax: You are highly confident in navigating Canadian tax law for startups, particularly regarding income splitting (TOSI) and dependant tax credits.

Strategic & Efficient: You can provide clear, actionable advice on the specific agenda items within our focused 45-minute call.

Industry Familiarity a Plus: You have experience with businesses that handle physical inventory (retail, import/export).

To Apply

Please briefly highlight your experience with Canadian e-commerce clients and your approach to advising new family-run startups.

Thank you. I am eager to connect and discuss.

Qualifications

Deep experience with e-commerce businesses is essential
The purpose of this Zoom call is to gain clarity on foundational decisions and find the right advisor for a potential long-term relationship once business is operational
Deep E-commerce Experience is Essential: You have significant, demonstrable experience advising Canadian online retail businesses
Expert in Small Business & Family Tax: You are highly confident in navigating Canadian tax law for startups, particularly regarding income splitting (TOSI) and dependant tax credits
Strategic & Efficient: You can provide clear, actionable advice on the specific agenda items within our focused 45-minute call

Benefits

Optimal Registration Strategy: A clear comparison of the tax implications of registering the business in my name vs. my daughter's name, considering our different income levels
Eligible Dependant Credit: As I am separated, I need to understand at what income level my daughter would no longer qualify as my dependant and how to strategically balance this with her potential business earnings

Responsibilities

I am seeking a strategic consultation with a top-tier Canadian CPA for a new e-commerce venture I am launching from my location in Toronto, Ontario
This consultation is crucial for establishing the correct business and tax structure from day one
I have done some preliminary research, but I need expert guidance to navigate the complexities, especially concerning family tax planning as I will be starting this business with my 19-year-old daughter
To make our call as productive as possible, I would like to focus on the following specific questions
Tax on Split Income (TOSI) Rules: Strategic advice on how to structure my daughter's involvement and compensation (e.g., salary vs. profit share) to meet the CRA's "actively engaged" exemption (the 20-hour rule and other factors) and avoid TOSI penalties

CPA Consultation for E-commerce Retail Startup (Canada)

Job Type