This is the cornerstone service of our practice, which truly adds value for you and your business. Here is where we use our combined experience of over 50 years to analyse your specific situation and ensure that:
- All the expenses that you are entitled to claim are being claimed
- Tax is only being paid on taxable income, and that tax free receipts are segregated and reported separately
- Any tax tool or service that may help you achieve a better result has been considered, such as PHSP’s, SRED, corporate reorganizations, etc.
- Tax is being minimized
- Reporting requirements are being met on a timely basis
- An analysis of the various ways to pay yourself from your company, such as dividends and salary, has been discussed with the pro’s and con’s of each method fully explained
- The timing of when to claim income from your company has been carefully considered for optimal utilization of your lower tax brackets, for preservation of sufficient cash flow and for any other relevant factor
- Any issues that CRA may have with any revenues and expenses claimed are brought to your attention and discussed with you, and alternatives are presented and compared
