Accounting & Tax Services

Corporate Year-End Compilation Engagements (CSRS 4200)

I prepare financial statements for small and medium-sized businesses, non-profit organizations, and charities using information provided by management. These engagements follow the CSRS 4200 standard and include a balance sheet, income statement, and relevant notes.

Purpose & Format

The statements present your organization’s financial position and performance in a clear, accessible format. They are designed for use by management, stakeholders, lenders, and other readers who need reliable year-end information without an audit or review.

Corporate and Personal Tax Filings

I prepare Canadian corporate and personal tax returns in compliance with CRA requirements. This includes T1, T2, T3, T4, T5, GST/HST, and T3010 (charity) filings, as well as other applicable returns. Services also include more complex personal tax situations such as business income, rental properties, investment income, and pension income splitting.

Tax Planning Support

Support is provided for common tax planning considerations relevant to owner-managed businesses, including salary versus dividend decisions and tax on split income (TOSI). Planning may also include general considerations related to estate planning and business succession.

Guidance for First-Year Setup and CRA Compliance

Starting a corporation involves more than registration. I help new business owners understand their tax obligations and build a compliant foundation from day one.

Services Include

• Incorporation consulting, including Section 85 rollover considerations

• CRA program account registration and fiscal year selection

• GST/HST, PST, and payroll setup

• Shareholder compensation considerations

• T2 filing preparation and documentation expectations

• Cash flow considerations for income tax and GST/HST

This service is designed to help you avoid common issues and maintain organized records from the start.

Planning for Corporations and Shareholders

Owner-managed businesses often require coordinated consideration of both personal and corporate tax matters. I provide practical guidance to support informed decision-making and ongoing financial organization.

Advisory Focus Areas

• Shareholder compensation planning

• Tax on split income (TOSI) considerations

• Succession and estate planning considerations

• Holding company and investment structure considerations

• CRA correspondence and reassessment support

This service is well suited for professionals, tradespeople, and family-run corporations seeking clarity and consistency in their financial approach.

Ongoing Financial Oversight and Reporting Support

Fractional controller services provide ongoing financial oversight to support the day-to-day financial management of your business. This includes reviewing bookkeeping, assisting with financial reporting, monitoring key balances, and helping ensure your records remain organized and reliable between year-ends.

The focus is on maintaining strong financial processes, strengthening internal controls, and improving the use of accounting systems to enhance reporting reliability, efficiency, and overall financial management. Services are tailored to your needs and function alongside your existing accounting or bookkeeping team.

Setup and Ongoing Guidance

Accounting systems support is available to help ensure your bookkeeping processes and systems are appropriately structured and aligned with your reporting needs.

Services Include

• Setup and configuration of bookkeeping systems, including QuickBooks Online

• Guidance on chart of accounts structure and coding practices

• Explanation of record-keeping requirements for bookkeeping

• Support in aligning bookkeeping processes with year-end reporting needs