Services
Year-End
Financial Statements
We prepare annual Notice to Reader Financial Statements, including a balance sheet, income statement, statement of retained earnings, cash flow statement, and accompanying notes. This service includes a thorough annual review of your financial data from your online accounting software, preparation of adjusting journal entries, and access to phone and email support throughout the year. Once complete, we’ll meet with you to review the statements, ensuring you understand the results and gain valuable insights into your business performance. Finally and most importantly, we review and maintain your ongoing tax plan, and discuss any required changes with you.
Corporate Tax Returns
Corporate income tax compliance is an essential annual requirement for a Canadian business owner, and must be done properly to avoid unnecessary attention from CRA. Your returns should be prepared by someone who is knowledgeable of your business, and the tax rules for both active business income and passive investment income. We prepare your T2 corporation income tax return with care and attention to detail, including the calculation of tax refunds or amounts payable, as well as any required instalment payments. We will make suggestions and adjustments to ensure taxes payable are minimized yet accurate. This service provides a digital copy of your return, a review meeting to discuss the return and any related issues before filing, and electronic submission to the CRA. We will review with you any areas in your finances we believe could contain enhanced audit risk. If your corporation is selected for a CRA audit, we will coordinate your response to the audit. These services are provided in tandem with your annual financial statements. Maintenance and review of your tax planning is an essential element of this service.
Personal Tax Returns
We prepare T1 Personal Income Tax Returns for our corporate clients, professionals, self-employed, rental property owners, and non-registered investment holders, using documents provided by you and information retrieved from the CRA website. Our service includes assistance with summarizing eligible deductions and credits, suggestions for tax reductions, a personalized tax review memo with planning options for the following year, a digital copy of your return, electronic filing, and CRA confirmation.
Estate Taxes and Terminal Tax Returns
We assist estate executors with their tax compliance obligations and dealing with CRA. We will correspond with legal counsel to provide a timely quantification of appropriate reserves for possible income tax liabilities. We identify appropriate tax strategies, credits and deductions, to avoid overpayment of estate taxes, thus maximizing value to beneficiaries, ensuring the executor is compliant and discharges their duties with due care in this regard. This involves preparation of the terminal personal tax return (terminal T1) for the deceased, trust returns for the estate, applying for a clearance certificate from CRA and corresponding with CRA regarding any questions they have.
Business Incorporation
We start with a meeting to determine the ideal corporate structure and shareholdings for your new corporation, ensuring proper tax planning is in place from the start. By addressing these decisions early, we can help save you significant taxes over time. We’ll provide detailed instructions for your lawyer, coordinate directly with them, and review draft articles for tax considerations. Once your corporation is set up, we’ll follow up to discuss tax strategies, investment options, record-keeping, and compliance deadlines to support your long-term success.
Tax Planning
We offer specialized services for major life and business events, such as founding a business, incorporating a sole proprietorship, estate freeze, restructuring an existing corporate structure, purchasing a business, succession planning, selling a business, disputes, as well as legacy tax planning for retirement and estate preparation. Major planning cycles should only occur 2-3 times in the life of your business. In addition to these major planning cycles, we provide ongoing "maintenance tax planning" tailored to your needs, starting with regular annual reviews to align your strategies with evolving goals and ensure your plans remain effective.
Business Advisory
We provide customizable advisory services to support business owners and entrepreneurs through key decisions and challenges. Whether you’re buying or selling a business, maximizing its value, or transitioning from sole proprietorship to incorporation, we deliver tailored, tax-optimized solutions. Our expertise includes business evaluation, strategy development, and startup consulting, including selecting the right legal structure. Every service is designed to help you achieve your business and financial goals with practical, effective action plans.
