CANADIAN PERSONAL TAX SERVICES

All of our clients are important to us. Whether your personal tax situation is basic or complex, we will help you meet your relevant filing deadline or deal with any years in which you may not have filed.

We don't just prepare your return - we will aim to raise ideas that arise for tax savings opportunities to help you minimize the tax you pay. We will also aim to provide you with tax planning ideas to help reduce your future tax liabilities.

Personal Tax for Business Owners and Partners
If you own an unincorporated business or are a member of a partnership, you have additional areas to deal with on your personal tax return. To your benefit, you have until June 15 to file your personal tax return. However, you must pay the tax you owe by April 30. As a partnership, you may be required to file a separate return by March 31. We can help you understand the filing requirements for your partnership, including when and if you should file a partnership return.

As a business owner or partner, you may also be entitled to additional deductions that you may not be aware of. We can assist you with gathering the information you need to get the deductions you deserve. We can also review your GST and RST filing requirements to make sure you are meeting your compliance and remittance obligations.
We can help you determine when and if you should incorporate your business.

Professional Practices
Doctors, dentists, lawyers, chartered accountants and other specified professionals are now able to incorporate in Ontario. What this means is that you could benefit from low corporate tax rates and take advantage of tax incentives that are only available to corporations. We can help you understand the costs and benefits of incorporating your professional practice and determine if this is the right strategy for you. We can also suggest ways to structure your existing practice to minimize your overall tax burden.

Personal Tax for Shareholders
If you own an incorporated business, your personal tax situation can be much more complex, and is closely linked to your corporate tax strategy. Our goal is to minimize the total tax you pay by understanding the link between your corporate and personal tax. We can provide effective strategies to help you achieve this objective.

Tax Planning Strategies
We can help you plan for your future by using tax-planning strategies to minimize your current and future taxes. We can help you understand the intricacies and benefits of using various tax strategies.

CANADIAN CORPORATE TAX SERVICES

Is your corporation claiming all the tax deductions it is entitled to? Is it structured to minimize both the corporate and personal taxes paid? If you can't answer these two questions then it's time to give us a call.

Services we offer include:

• Corporate tax return preparation
• Corporate tax planning and tax minimization strategies for small business
• Transaction tax consulting
• Scientific research and experimental development claims
• GST/RST consulting and recovery
• Corporate reorganizations
• Incorporation of professional practices
• Manage income tax and GST/RST audits
• Contract tax services for medium and large corporations

Corporate Tax Services

In addition to preparing your corporate tax filings on a timely basis, we will also take the time to learn the intricacies of your business to ensure that every possible tax benefit has been explored to not only minimize the current tax you pay, but also the taxes you pay in the future. For our new clients, we will review prior year tax returns to determine if there are any adjustments we can make to get you extra money back. We will work with you to develop a tax minimization strategy and ensure you are well positioned to take advantage of any tax incentives available to you. We will also help you identify tax issues that you may not be aware of, and if need be, help you prepare for any upcoming tax audits.

Commodity Tax Services

Goods and Services Tax - Are you registered for the Goods and Services Tax (GST)? If not, should you be? Are you maximizing your input tax credit (ITC) claim? We can help you determine whether or not you should register for GST, and also determine if you are claiming all the ITC's you are entitled to. Believe it or not, it may actually save you money by registering to collect GST from your customers. The reason for this is that as a GST registrant, you can recover the GST you pay on most of your expenses. For some small businesses, you may actually recover more GST than you paid on your expenses. We would be pleased to discuss your GST issues in more detail, and we offer a free initial review to see if we can recover some of the GST you paid in prior years.

Provincial Sales Tax - Have you considered whether you are required to collect sales tax from your customers? If you are starting a business, this is one of the things you need to consider before making that first big sale. Many businesses find out several years down the road that they have not been collecting or remitting their retail sales taxes properly. The result could be severe interest and penalty charges, which could be a significant unnecessary expense to your business. Each province has different rules, so the process can be difficult if you operate in several provinces. We can assist you in reviewing your sales processes, to determine whether you are required to register and collect sales taxes, and also help to identify risk areas.