Individual Tax Planning
Optimize your personal income through RRSP contributions, TFSA growth, and tax-loss harvesting. We help you lower your taxable income to get bigger refunds.
Review Your OptionsMost Surrey families overpay on their taxes. The good news? You can legally reduce your tax bill with smart planning. Phoenix Knight helps Surrey residents save thousands through proper tax strategies.
Surrey has some of BC's highest property costs. Groceries and gas keep getting more expensive. Every dollar saved on taxes helps your family budget through effective individual and family tax planning.
Paying less tax starts with a proactive strategy. We look at your entire financial picture to ensure you are utilizing every available credit and deduction allowed by the CRA.
Optimize your personal income through RRSP contributions, TFSA growth, and tax-loss harvesting. We help you lower your taxable income to get bigger refunds.
Review Your OptionsProtect your household wealth with spousal income splitting, RESP grants for your kids, and spousal RRSPs to balance retirement income.
Explore Family BenefitsMaximize specific credits like the First-Time Home Buyer’s Tax Credit and bunched medical expenses for prescriptions, dental, and vision care.
View All DeductionsWith rising costs of living in the Fraser Valley, tax planning is no longer optional—it is a financial necessity to protect your family's future.
Contributing to an RRSP can reduce your taxable income significantly. Earning $80k and contributing $10k can save most Surrey residents roughly $2,600.
TFSA contributions (up to $7,000/year) allow your money to grow without ever paying tax on the gains—ideal for home down payments or emergency funds.
RESPs for your children get a 20% government match (up to $500/year). Save $2,500 and the government adds $500 for free.
Lower your household tax bill by splitting pension income or paying a family business salary to a lower-earning spouse.
Don't wait for tax season to start thinking about your return. Proactive planning in December can save you thousands of dollars in April.
Phoenix Knight Financial Services has served Surrey families for over 20 years. We work with teachers, healthcare workers, tradespeople, and professionals across the Fraser Valley.
We take the confusion out of the CRA's complex rules with a straightforward timeline for your financial success.
We analyze all income sources and family member tax brackets to find splitting opportunities.
We review your RRSP and TFSA room to maximize your current year tax deductions.
We identify claimable medical costs, charitable donations, and first-time home buyer credits.
We set up a plan for RESPs and estate protection to keep your wealth in the family.
Understand the most frequent concerns our Surrey clients have regarding their personal taxes and government credits.
You can claim prescriptions, dental, vision care, medical equipment, and health insurance premiums. You can claim expenses over 3% of your income or $2,759 (whichever is less).
If you are buying your first home in Surrey, you can claim up to $10,000 for a $1,500 tax credit. Given Surrey's housing market, every bit of savings helps.
Yes. You receive a 15% federal credit on the first $200 and 29% on amounts over $200, plus BC provincial credits. Pro tip: Save receipts and donate larger amounts for bigger credits.
Yes. If the CRA contacts you, we offer CRA Audit Assistance to ensure your records are properly organized and your rights are protected.
Our office serves South Surrey, Newton, Guildford, Fleetwood, Cloverdale, New Westminster, and the broader Fraser Valley region.
If you want to maximize your refund and minimize what you owe, Phoenix Knight Financial Services can assist with tailored individual and family tax planning strategies. We've been proudly serving Surrey BC families since 2004.
Our office is located in Surrey, BC. We work with teachers, tradespeople, and healthcare workers throughout the Fraser Valley.
