We provide professional tax advice beyond compliance
We strive to understand your unique situations and needs and bring you progressive tax strategies.
The business and tax landscapes have changed dramatically, and the pace and complexity of change continues to increase. The Canada Revenue Agency (CRA) are adapting their enforcement strategies, focus and policies in response to the changing dynamics of business. Companies are balancing competing priorities, ensuring they maintain compliance while adding value.
With tax laws changing constantly, professional advice is essential. Our seasoned tax professionals possess in-depth knowledge of the subtleties of tax issues and the complexities of tax systems. We would like to help you effectively manage your businesses whether you require our planning or compliance services. We have experience working with individuals and companies of all sizes across many aspects of the tax life cycle — planning, execution, compliance and controversy. Our approach combines insight and innovation from multiple disciplines with business and industry knowledge to help your businesses excel.
Tax Services
Corporate Tax
Tax for Corporations
Personal Tax
Tax for Individuals
SR&ED Tax Credit
Tax Credit Services
Tax Dispute Resolution
Appeal for Tax Dispute
Corporate Tax
Tax for Corporations
The complexity of corporate tax issues demands companies choose a tax partner with a full range of services and industry experience ready to deliver a competitive advantage in the marketplace. Our suite of corporate tax services are delivered by talented tax professionals who bring knowledge, innovations and solutions from a national and international perspective.
Corporate Tax Compliance
The risks from tax compliance errors or ineffective tax management are too high to ignore. We keep up with changing Canadian and foreign tax laws and help your company face the increasingly complex requirements of income and other tax return preparation through cost-efficient tax compliance services.
Services
Compiling Financial Statements
Preparing Corporation Tax Returns
Filing GST/HST Returns
Preparing T3, T5 and Other Tax Returns
Filing T4/T4A/T5018 Returns and ROE
Tax Planning and Risk Management
Is your company tax aggressive and putting you on Canada Revenue Agency (CRA) audit radar? Is your company tax risk-averse and leaving too much money on the balance sheet? If you answer yes to the above questions, your company may need to re-think the tax planning and risk management strategy.
The CRA has changed the way they select files for auditing by replacing its conventional selection method with a new risk-based approach. To address this new audit trend, we will assist the companies to recognize, quantify and address their tax risk and the resulting CRA profile.
We help companies develop tax effective strategies to extend your wealth. Our priority is to understand your overall financial situations and planning so we can identify tax strategies that help you achieve your goals.
Services
Gain a better understanding of your company’s risks and exposures
Develop sound policies and processes to safeguard your organisation against heightened scrutiny from CRA
Implement consistent and defensible practices and policies
Propose and implement comprehensive tax strategies to minimize and defer tax
Represent you to deal with CRA on tax disputes, examinations, and audits
Personal Tax
Tax for Individuals
Our personal tax practice offers individual clients with a wide range of tax services including tax compliance, tax planning, and tax advice relating to their business interests, investments and other financial-related assets.
Personal Tax Returns
If you think that filing tax return is simply to enter the figures into the tax software, you may lose lots of tax saving opportunities. We take a proactive approach to design unique tax strategy based on your needs and situation so as to save your hard-working money. Our approach provides professionally prepared tax returns (T1/HST/T4/T4A), related calculations and advice, as well as integrated tax planning.
Services
Self-employed business
Foreign property reporting
House rental/house sales
Stock transactions
Non-resident application
Tax Planning and Risk Management
If you own foreign property with the total cost of more than CAN$100,000 at any time during a year, you have to report information about the foreign investments on your tax return. Over the past years, the Canadian government has made it a priority to “crack down on international tax evasion and aggressive tax avoidance” and has made several changes to the Foreign Income Verification Statement (Form T1135). As a result, federal budget introduced more detailed reporting requirements for this form.
The CRA imposes very harsh penalties for those taxpayers that do not comply with their T1135 filing obligations. Working closely with you, we utilize systematic approach for foreign property reporting so that you could comply with the reporting requirements and avoid CRA penalties.
Estate and Wealth Planning
Effective tax planning plays an important role in creating a sound financial plan. Without a successful strategy, you might miss important tax benefits or risk tax liabilities for your estate or successors. To help you reinforce your tax position and preserve your wealth, we develop tax effective strategies to extend your wealth.
Services
Estate, Trusts, Wills - Plan your estate to diminish income tax at death
Transactions - Decrease capital gains tax on sales
Insurance – Purchase tax effective life insurance
Succession Planning - Orderly transfer of business to next generation
Liaison with CRA
Are you concerned when dealing with CRA? No worries. No matter it is for generic inquires, file examination, tax return review or audit, we will represent you for all matters with CRA, including response in written, telephone discussion, and in-person interview
SR&ED Tax Credit
Credit Services
Canadian government promotes innovation and offers one of the most lucrative tax credits in the world under the Scientific Research and Experimental Development (SR&ED) investment tax credit program. Credits of 20–30% of eligible R&D costs for new or improved products and processes are available from the federal government, and additional provincial incentives may also be applicable.
With deep industry experience we understand the technological advancements being sought and how to best approach your claims. Whether you’d like advice on how to manage your claims in-house or wish to outsource the process entirely, we can help maximize your SR&ED claims through our services.
Services
Review your business processes to identify eligible projects
Prepare technical reports for SR&ED projects
Identify eligible SR&ED costs by projects
Calculate and claim SR&ED tax credits
Assist in the claim defense during the CRA audit
Contact us to discuss your unique SR&ED investment tax credit needs.
Tax Dispute Resolution
Dispute Resolution
On a regular basis, the Canada Revenue Agency (CRA) conducts audits for individuals and businesses to make sure they fulfill their obligations, apply tax laws correctly, and receive any amounts to which they are entitled. The CRA selects files to audit based on a number of conditions such as the potential for errors in tax returns or indications of non-compliance with tax obligations. The CRA also looks at the information it has on file and may compare that information to similar files or consider information from other audits or investigations.
CRA may conduct audits in the following areas:
Corporate Income Tax
Personal Income Tax and Related Claims
GST/HST Returns and Rebates
CPP/EI and Income Tax for Payroll
Scientific Research & Experimental Development (SR&ED)
In case you get audited by CRA, do not panic and we can help you out. Over years we have been dealing with CRA on behalf of our clients for all areas of tax dispute resolution. Our professional team is able to help you successfully manage the life cycle of tax audit, from pre-audit prevention to audit examination management to post-audit dispute settlement.
Services
Discuss the audit scope and requirements with CRA
Prepare books and records, documents, and information for the audit
Discuss audit proposal with CRA and resolve factual disagreements
File an objection if you disagree with the audit results
Appeal to the Tax Court of Canada, if necessary
Develop policies and processes to help you prevent future CRA audits
With a proven track record and an excellent relationship with CRA, we execute well-managed tax disputes, audits, and examinations so that you have comfort in obtaining your expected outcome.
