Norman Taylor, CPA, CA, TEP, CFPTaxation
Norman Taylor is a tax partner with Kingston Ross Pasnak LLP, and practices exclusively in the taxation area. He focuses on estate and business planning, corporate reorganizations, working with clients on business purchases and sales, trust and estate planning, compliance and reviewing corporate and personal income tax issues.
- Member of Financial Planning Standards Council - 2010
- Member of Society of Tax and Estate Practitioners, since 2008
- Canadian Institute of Chartered Accountants In-Depth Tax Program - 2006
- Member of Canadian Institute of Chartered Accountants and Institute of Chartered Accountants of Alberta since 2002
- Bachelor of Commerce with Co-operative Education - 2000 University of Alberta
Norman has been practicing with KRP since 1999. Norman has presented on various tax issues to the Entrepreneurial CA Club of Edmonton, clients and staff and has guest lectured at Grant MacEwan College.
Selected Tax Experience:
- Restructuring of a corporate group to allow multiple operating businesses to be taxed as a single entity allowing the profits / losses of a cyclical business to offset the profits /losses of a counter cyclical business.
- Restructuring of a business with a $167 million enterprise value on a tax deferred basis to allow for future taxation on a flow through basis to facilitate removal of minority partners and a partial acquisition by the 17th largest pension fund in the world.
- Tax planning for owners of corporations including planning and implementing estate freezes, family trusts, creditor protection and corporate reorganizations to transfer growth to future generations.
- Tax planning on sales and acquisitions of corporations and property, including strategies to increase the wealth of the family through tax deferral.
- Restructure corporate groups to maximize small business deductions.
- Postmortem tax planning to minimize taxes for the estate and future tax of the beneficiaries, including corporate reorganizations and wind-up of corporate entities.
- Advising trustees of inter-vivos trusts upon moving to Canada and establishing trusts in Alberta to take advantage of the low Alberta tax rates.
- Advising individuals and corporations on the advantages of donations and charitable foundations for tax purposes and the betterment of society.
- Advising trustees of trusts on Canada’s new foreign investment entity rules.
- Preparation, review and supervision of others for compliance filings for testamentary and inter-vivos trusts, including mutual fund trusts and health and welfare trusts.
- Representation of taxpayers to Canada Revenue Agency during audits and appeals, including the preparation of Notices of Objection.
Professional and Community Activities:
- Member of the Society of Tax and Estate Practitioners, 2008
- Entrepreneurial CA’s of Edmonton, 2003 - 2004 and 2006 – 2008
- Member of the Chartered Professional Accountants Alberta and of the Chartered Professional Accountants Canada (formerly CICA)