Tax Services

Estate & Trust Services

Income Tax Services

We prefer to take a proactive vs. reactive approach to tax services. By keeping current on new tax laws and legislation, we are in a position to identify key tax planning opportunities that minimize both your current and future tax liabilities. We provide our individual and business clients with the taxation expertise and knowledge that they deserve throughout the year. Tax services offered include, but are not limited to:

• Tax planning for individuals and corporations
• Return preparation for
- Individuals - Corporations - Estates and trusts - Not-for-profit organizations
• Provincial and federal commodity tax planning and compliance
• Tax considerations in matrimonial settlements
• Tax effects of buying/selling a business
• Tax effective retirement and estate planning

Accounting Services

Audits, Reviews and Compilations

A cornerstone of our practice, the timely completion of accurate financial reports is critical for both decision making and meeting compliance reporting requirements. We provide financial reporting on all three levels of assurance:

• AUDIT - an intensive examination with the highest level of assurance
  
• REVIEW - some analytical procedures conducted with limited assurance
  
• COMPILATION - based upon client information provided and used primarily for internal use and preparation of tax returns.

Financial Forecasts & Projections

Forecasting is a necessity when trying to effectively manage and lead a business to profitability. From simple projections to complex financial modeling, our experienced staff can assist you in achieving your company's financial goals.

Accounting Services

Providing financial information to our clients in a timely and accurate manner is a commitment that we feel cannot be compromised. Meaningful, well-organized financial records ensure that your business operations will run more efficiently on a daily basis. Our firm provides a full range of cost effective accounting services including the following:

• General ledger & financial statement preparation
• Bookkeeping (Monthly/Quarterly/Annual)
• Accounting systems setup for new businesses

Consulting Services

Business Succession Planning

Effective transition of your business to your successors is critical not only to its continued prosperity but also to ensure, where appropriate, maximum value is received. With a solid background in tax, succession and estate planning, and other financial matters, we are fully qualified to address the complex issues of business continuation.

Purchase and Sale of a Business

Preparation and planning are key to the successful purchase or sale of a business. Our team can assist you with all aspects your transaction, including valuation, cash flow analysis, tax minimization and transition planning.

Investment Review

As you develop your investment strategy, we can act as your sounding board. We can help you and your investment advisor structure an investment portfolio that takes into consideration your particular circumstances, the impact of taxes and produces a favorable after-tax return.

Other Services

Elder Planning

There are many special considerations involved in planning for the long-term well-being of older adults. Our team is well equipped to assist you in making and implementing plans for the care and financial security of you or your loved one. Elder Planning services include:

• Receipt, deposit and accounting for income, ensuring that all income is received when due.
• Payment of bills and routine financial transactions, performed according to the guidelines established by the senior and family. This could include monitoring banking activities.
• Monitoring investments to ensure compliance with the criteria established by the senior and family.
• Estate planning (see above for more details)
• Assisting with retirement issues including dealing with questions regarding pension plans and arranging withdrawals from RRSP/RRIFs.
• Assisting with lifestyle considerations such as buying or selling a home or other property and the resulting income tax ramifications or determining the assets required to maintain your lifestyle.
• Evaluation of key service providers such as lawyers, appraisers, insurance, stock or real estate brokers and bankers.
• Evaluation of long-term care insurance and understanding long-term care options.

Miscellaneous

Financial and Retirement Planning

A properly structured financial plan enables you to face financial challenges that may present themselves at any stage of your life. Through the financial planning process, we help you assess your current financial position, your financial needs, and develop strategies that will enable you to achieve your goals and increase your financial security. This is a process that evolves and changes as your circumstances change. It can be designed as a comprehensive process dealing with all aspects of your financial life or it can focus on specific planning needs which include:

• Cash flow analysis and strategies
• Investment review
• Life, disability and other types of insurance needs
• Financing childrens post-secondary school education
• Retirement
• Wills and estates

Commodity Tax Services, Goods & Services, Customs

An often over-looked area and potential source of reducing taxes and fees is the commodity tax or indirect taxation of individuals and businesses. With our GST and customs experience, we may uncover sources of cash-flow for you and your business relating to the following areas:

• Cross-border transactions
• Exporting from and importing to Canada
• Non-residents and doing business in Canada
• Non-residents and GST registration
• Real Property transactions
• Reporting for Goods & Services for Zero-rated, Exempt, Charities & Not- for-Profit Organizations, the Financial Services sector
• Appropriate claiming of input tax credits for rebate
• Rebates for bad debts, credit notes, price reductions and allowances
• Support for audits and appeals
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  Controllership

  We can provide onsite management services for clients whose needs are temporary or do not require a full time person. Services include:

  • Payroll and human resources
  • Overseeing accounting and reporting functions
  • Scheduling and monitoring workflow
  • Cash flow management, budgeting and forecasting
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