Taxation

We constantly track ever changing tax rules and regulations. Our tax advice is sensible and timely in order to minimize your tax bite. Our services include:
• T1 personal and corporate tax return preparation and planning
• Sales taxes
• Payroll taxes
• Corporate reorganizations
• Representation to tax authorities

Personal Financial Planning

Estate Planning

We help structure your financial affairs to transfer and preserve your wealth in an orderly, efficient and effective manner. We look at your objectives including:
• providing sufficient retirement income,
• providing for the orderly transition of one’s estate to the surviving members of a family,
• the deferral and minimization of income taxes including probate fees and to provide liquidity to pay taxes and corresponding expenses arising from death.

Retirement Planning

• When should you start to plan for retirement?
• Should you top off your RRSP or pay down your mortgage?
• How much money will you need after retirement?
• How much insurance should you carry?
• When should you convert your RRSP to a RRIF?

These are some of the many financial planning issues we discuss when addressing your retirement and estate planning concerns.

Education Funding

Parents obviously want to plan for the college education of their kids. How will it all be funded? What are RESPs? Education is costly, but there are programs and methodologies that can help. Educational planning involves ways to make sure your children can attain post-secondary education without undue hardship.

Business Advisory Services

Business Plans and Cash Flow Projections

A professionally prepared business plan is not only a strategy document, it is the best means for:
• obtaining financing
• attracting investors,
• assessing current and future financing needs,
• establishing breakeven points,
• establishing a guide to gross margin analysis,
• identify expansion opportunities,
• assessing staff requirements
• identifying and justifying the need for capital asset additions
• seeking investment opportunities.

Business Start-Ups

Issues we address:
• determination of a business structure (incorporation vs proprietorship or partnership),
• establishment of a bookkeeping system,
• registration for sales taxes,
• establishment of a year end date
• outlining the type of expenses a business can deduct,
• creditor proofing tactics,
• remuneration and more.

Purchase and Sale of a Business

We advise on:
• selling/acquiring shares versus the assets of a company,
• tax implications arising from these transactions,
• relevant agreements
• performing due diligence studies for potential businesses.

Assistance in Obtaining Financing

We can assist you in:
• connections to various chartered banks,
• negotiating financing terms
• reviewing leases.

Business Valuations

Various situations can demand that the value of your business be known - divorce, need to sell your business, estate freeze, corporate reorganizations including the crystallization of the enhanced capital gains exemption.

We assist owners in determining a reasonable estimate of the value of their business. Should a more formal Valuation be required, one of our chartered business valuators can be called upon.

Forensic and Special Audits

Forensic investigations are undertaken in order to determine the nature and extent of significant misappropriation of cash and related assets.

Our special audit assignments include audits of electoral candidates in federal, provincial and municipal elections, audits of gross sales, lease audits etc.

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