Financial Statement Preparation
We endeavour to communicate to our clients the differences between the types of financial statement engagements available. We strive to identify the clients needs, and the needs of their external users are met.
Audit Engagements
The scope and depth of our audit experience is varied, largely the result of our firm’s involvement in the following sectors: municipal, not for profit, registered charities, private industry and specialized attestation engagements.
We have a solid background in the third party reporting requirements that are prescribed by various government agencies and lenders. We are familiar with the administrative practices of Government Ministries.
We are committed to providing practical business and financial advice to our clients based on the results of our audit work. We are able to ensure, as far as practical, the continuity of our staff complement for all engagements.
Review Engagements
We have many clients who require review engagements to meet their external reporting requirements. We have the knowledge and experience required to perform these engagements.
Compilation Engagements
We prepare compilation engagements for those clients whose only requirement is for tax filing.
Taxation
Our firm has expertise in all areas of taxation including personal tax return preparation, corporate tax return preparation and trust return preparation, harmonized sales tax, provincial sales tax, non-resident taxation, multi-jurisdictional tax matters, Employer Health Tax, WSIB.
Representations and assistance as required with respect to tax department audit verification including audits from Canada Revenue Agency, Ministry of Finance, WSIB, Scientific Research and Experimental Development (SRED) claims, Apprenticeship Training Tax Credit (ATTC) claims, Co-operative Education Tax Credit (CETC) claims and a variety of other refundable tax credits
Personal Taxes
Tax legislation is constantly changing therefore we are continuously updating our staff through educational courses in order to help you maximize savings on your tax returns.
Home based business owners face complex tax implications. We can assist you in a personalized plan that reduces your operating costs and tax liabilities by advising you on whether or not to claim capital cost allowances on home and automobile. We will work with you to develop a strategy that meets your financial goals.
Owners-managers need a tax plan that integrates business and personal financial goals. We can advise on minimizing corporate tax while maximizing personal income growth for you and your family, along with retirement and succession planning.
Business Tax
Your tax needs change as your business grows. We can assist you to minimize harmonized (federal/provincial) taxes. Tax law is constantly changing and we can offer advice to improve corporate accounting systems. We can assist you to maximize tax deferrals, prepare tax and information returns, and manage relations with federal authorities.
Succession & Estate Planning
We develop long term succession plans for closely held private corporations, farms, and intra family estates to ensure continued success and preservation of wealth. This includes estate freezes, non-arms length transfer of shares. We address principal tax and non-tax considerations.
We also provide assistance in the determination of the most tax efficient distribution of client assets in accordance with their wishes. This includes all tax issues which arise upon the death of a taxpayer, the deemed disposition of capital properties, transfer of property to a spouse, life insurance events. We consider important technical and planning strategies to optimize wealth and minimize tax.
We are involved in will planning, shareholders agreements and life insurance opportunities. We investigate opportunities with respect to charitable givings strategies. We have experience in establishing individual pension plans (IPP) and retirement compensation arrangements (RCA).
