Finding a tax-efficient solution with a rigorous approach

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Agriculture

Farming is a lifestyle and a legacy. It’s the heartbeat of your family and the backbone of our communities. Success grows from hard work, patience and...

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Real Estate And Construction

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Rental Property Owners And Occupiers
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Real Estate Service Providers
Your company plays a key role in the success of landlords, investors and owners, but who is doing the same for you?

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Energy and natural resources

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Mining
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Oil & gas
The oil and gas industry is facing many complex challenges, beyond the price of oil. These include environmental issues, access to markets, growing competition from alternative energy sources and international markets, and a rapidly changing regulatory landscape, to name but a few.

Financial Services

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Manufacturing & distribution

Canadian manufacturers seeking to grow their businesses must address common issues, including limited access to finance, high raw material costs, inflexible...

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Private equity

To acquire high-quality assets in today’s unprecedented competitive global market, private equity firms and their portfolio companies must be increasingly...

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Professional services

Professional services firms face a dual challenge: anticipating and managing change not only for your clients, but also for your business. In today’s...

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Public companies

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Private business

Your hard work has taken your business where it is today. Having a clear vision, a strong team and a solid plan are all key to your continued success....

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Public sector

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Power & Utilities

At Grant Thornton, we have the real-world experience and knowledge that can help you in considering all of your strategic alternatives. Whether it be managing...

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The challenge

When every option is exhausted, finding the right solution can seem nearly impossible. That’s when our client—an Ontario-based investment company with properties in Canada and the US—came to us. They needed support dividing their US real estate assets into a separate investment structure so they could efficiently divest a portion of them in the future. Due to the cross-border nature of their business, they were dealing with different tax rules and implications between both countries that further complicated the process. Their unique challenges required a team who could dig deep to understand their needs and uncover a tax-efficient option.

How we helped

Developed a tax-efficient plan by thoroughly investigating their tax issue and examining all options.
Leveraged extensive experience to deliver high-quality service in collaboration with our US tax team which addressed issues in both countries.

Our client wanted to divide their US real estate assets so they could sell some, without impacting others. With different tax rules and implications between the two countries—and some rules that overlapped—they needed a team who understood every nuanced detail and could essentially ‘speak both languages.’ We worked closely with our US tax team to develop an effective plan that would work in Canada and the US. The challenge required us to dig deep and explore multiple options to find the ideal solution. Collaborating across borders provided our client with the expertise required to deal with such a complex issue as well as service they could trust and rely upon. We were quick to respond to their questions and concerns and demonstrated our dedication to helping them achieve tax-efficiency.

The impact

Cross-border tax can be challenging to navigate, but the right expertise—coupled with a fierce drive to solve problems—can result in the right solution. Our team was persistent and continued to look at all possibilities to find the most tax-efficient solution for our client. Additionally, we provided personal touch service that made our client know they were always our priority because we were committed to their success.

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Finding a tax-efficient solution with a rigorous approach

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Finding a tax-efficient solution with a rigorous approach

The challenge

How we helped

The impact

What's your story?

Related client stories

For a list of all of our client stories, visit our hub.