Ensure your financial year-end runs smoothly with our professional guidance and proactive strategies, allowing you to maximize your earnings and minimize stress.
Optimize your tax strategy with our tailored income tax planning services.
Our controllership services ensure your financial operations are streamlined and efficient, providing you with the insights needed to make informed decisions.
Electronic filing for most information slips and forms are mandatory and there are fines for not complying. All of your information slips are electronically filed.
For most people, the thought of preparing and filing your personal taxes is very stressful. We can aleviate that burden for you.
It is important to review your corporate structure regularly. A change in your personal situation or a change made by the federal or provincial government may necessitate a change in your corporate structure.
How should I pay myself?
I want to buy a rental property, should I own it personally or through a corporation?
Should I incorporate?
We can help with these types of questions and more.
Navigate the complexities of buying or selling a business with our professional guidance. We provide comprehensive support to ensure a smooth transaction.
Hopefully, you never have to face this but if you do we can guide you through the process and be your representative with CRA.
There is more to it than just calculating EI, CPP and income tax. You also need to be aware of all the taxable benefits and how to minimize payroll audits.
We use Sage 50 and Quickbooks online, two of the most popular accounting softwares for our clients. Bookkeeping services can be performed monthly, quarterly or all at once at year-end time. HST filing requirements are also looked after.
We offer many more services including Estate planning, financial planning, and cash flow projections. If you are the Executor for an estate, reach out to us and let us take care of the terminal and Trust filing obligations. It is very important to start the process early.
For over 25 years, we’ve been providing advice and guidance to clients and businesses of all sizes. Contact us today and let’s talk about goals and how we can help you reach them.
Find clear, simple answers to common questions about our accounting and tax services. We’re here to help you make confident decisions.
The capital gains exemption, if your affairs are structured correctly can save you hundreds of thousands of dollars. There have also been a slew of recent changes to this valuable tax incentive for businesses that want to transfer ownership to their children or grandchildren.
The two main ways to receive compensation are salary and dividends. There are advantages and disadvantages to both methods and the answer requires a close examination of the facts. Just reach out by phone or email to book a free consultation. We’ll discuss your needs and explain how we can help, with no obligation.
The non-taxable portion of realized capital gains can be paid out as a “capital dividend” as it is commonly called. Specific rules and elections must be filed before the payment can happen.
For all new clients, we will need your incorporation documents that were prepared by your lawyer as well as your financial statements, trial balance and corporate income tax return for the most recently filed year end. You will also need to add us as an authorized representative through your CRA “my business account”. A meeting will be scheduled to ensure we understand how your business operates. For new and returning clients, we will need at a minimum, the bank and credit card statement(s), loan statements, etc for the last month of your year end, access to your QBO or a copy of your sage 50 backup file. We will guide you through exactly what’s needed.
In most cases it is a financing decision. You also need to consider the type of automobile, its cost and how much it is driven for business purposes.
It depends. There are various factors such as your type of business, its growth prospects, if you have other shareholders, your family profile, etc.
Jeff has provided full accounting and tax planning services to the Nova Learning & Fairwyn group of companies for almost 20 years. We are very happy with his high level of integrity and expertise and he has always been very prompt in responding to our needs.