Services

Accounting

i.   Review Engagement

• A review engagement involves providing limited assurance on a company’s financial statements. The accountant performs analytical procedures and inquiries to ensure the financial statements are plausible and free from material misstatements.

ii.   Compilation engagement

• In a compilation, the accountant helps prepare financial statements based on the client’s data without providing any assurance. It is typically used for internal purposes or simple compliance.

Estate Planning

i.   Estate freeze

• Implementing a strategy to cap the value of an individual’s estate for tax purposes, transferring future growth to heirs, and minimizing estate taxes.

ii.   Post-mortem tax planning

• Tax planning for deceased individuals to minimize taxes on the estate, including strategies to deal with double taxation on certain assets like shares.

iii. Trust tax return preparation and filing

• Preparing and filing tax returns for trusts, ensuring compliance with tax rules and advising on distribution planning to beneficiaries.

Non-Resident Tax Filing

• Assistance with tax compliance for non-residents of Canada who earn income from Canadian sources, such as rental income, employment income, or capital gains. This service ensures proper reporting, adherence to withholding tax requirements, and filing the necessary forms (e.g., Section 216 or 217 returns) to optimize tax outcomes and avoid penalties.

• Assistance with the reporting and compliance requirements under Section 116 of the Canadian Income Tax Act for non-residents disposing of taxable Canadian property (e.g., real estate, shares in private corporations). This service includes obtaining a clearance certificate, calculating withholding tax, and filing the necessary documentation to ensure compliance with Canadian tax laws and avoid penalties.