Our commitment to excellence has manifested into a passion for ensuring that our services reflect actual value for our clients. This value-added approach ensures that we build long term close working relationships with our clients such that they come to regard us as a trusted business advisor. By nurturing this relationship we regularly exceed expectations and are able to provide insight and helpful advice to our clients in a timely manner.
Our professional team is dedicated to our clients and is available to assist with all your accounting, financing and taxation issues. We value client satisfaction above everything else and after one meeting we are convinced that you will agree.
We look forward to demonstrating how you can properly leverage your relationship with us, your Chartered Professional Accountants.
We cater to self-employed individuals and owners of rental property.
For self employed individuals, the allowed deductions are not necessarily the same as employees who claim employment expenses.
For owners of real estate, special disclosures are required when there is a change of use from rental to personal and vice versa. Failure to file these disclosures can have serious consequences.
Even if you are an employee, there may be tax credits you are not aware of or rules that may apply.
We will confirm if you have any required disclosures (ie. foreign assets, the sale of a primary home)
Remember, sometimes paying a little more tax now is beneficial in the long-run.
All Canadian resident corporations have to file a corporate income tax return, even if there is no tax payable.
We can do more than just help you file your Corporate Tax Return, we will assist in completing your financial statements and optimizing the presentation of these financials. Corporate tax returns may seem at first glance easy to complete but close attention should be paid to the GIFI (general index of financial information) as this is one of the sources CRA uses to select companies to be audited.
Next, if you are moving from a registered business to an incorporated business, we can assist you in navigating the various rules which are soley applicatble to corporations.
As a corporate taxpayer the rules, regulations and government practices that you’ve become accustomed as a personal income tax filer to may not necessarily all be applicable. Installment requirements are more severe and federal and provincial rules are not always harmonized.
We are available to prepare your corporate tax returns using your own internal financial statements if desired. We will also electronically file these returns in an effort to accelerate any refunds owing.
A Succession / Estate or family trust must file an annual income tax return.
These tax returns allow for flexibility in determining how best to allocate the income to achieve the lowest tax rate.
We can not only optimize the rate of taxation of earned income but additionally ensure that the estate return is harmonized with the final return of the decedant and when required implement tax strategies to avoid double taxation.
In situations where a family trust return must be filed, we will ensure the income flowing to the trust to be distributed to beneficiaries, meets recent changes in the tax law as well as being reconciled with financial information reported for the related corporate entity.
When a NON-Resident disposes of real estate, whether held for personal or rental use, special withholding tax rules apply.
The notary who handles the transaction is REQUIRED to withhold the tax.
Canada and Quebec impose a combined withholding tax of 38% on the GROSS proceeds of the sale. This applies despite the fact the property might be sold at a loss.
We will prepare and file the prescribed forms and ensure that all documentation is sent to the tax authorities in order to request and receive a certifcate of compliance. This will ensure you do not pay more tax than is absolutely necessary.
Timing is very important as the government imposes severe penalties for not filing all paper work within 10 days following the transaction.