Tax Services

We offer tax support you can rely on, including planning, preparation and filing, as well as proactive advice aimed to minimize your current and future tax liabilities.

Process Outline in Three Easy Steps

Sign Up

  • Reach out and book your free, no obligation discovery call.
  • We will assess your business and will propose the ideal services to you.
  • Approve our proposal and make payment as per terms.

Onboarding

  • Complete the onboarding checklist.
  • Invited to an introductory call to go over the processes and expectation settings.
  • Setup bi-weekly virtual meetings to touch base on progress and knowledge transfer.

Service Delivery

  • Review and extract all transactions from the previous month.
  • Prepare financial and analysis reports for your business.
  • Provide business insights to help you make smarter business decisions and streamline your operation.

Our Process

We invest considerable time and effort in keeping up to date with changing tax laws. This proactive approach ensures that we are in a position to provide you the best tax advice and provide opportunities of tax planning to minimize your current and future tax liabilities. Tax services include:

Tax planning

Using various legal corporate structures

Buying and selling a business

Retirement and estate planning

Tax considerations in matrimonial settlements

Preparation and filing

T2 Corporation income tax returns

T1 Personal income tax returns

T3 Estate and Trust returns

Non profit organizations

GST, PST and HST returns

See What We Can Help You With

Therese Squires
Therese Squires
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Subhash responds to questions and concerns with clear and concise information. I would highly recommend his services.
Babak Morshedizadeh
Babak Morshedizadeh
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Subhash has made our lives easy. He looks out for us, is extremely responsive, and provides true value.
Cristina Butnaru
Cristina Butnaru
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Subhash has always provided outstanding service, above and beyond his duties. He is fast, efficient, and a great problem solver.
Myra Henson
Myra Henson
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True to his words and very professional. He is very honest and very supportive. As a new immigrant, he helped us fix our status.
Paul Coude
Paul Coude
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Subhash is VERY knowledgeable about entrepreneurship and advises about optimizations. I would recommend him to anyone who starts a business
Leah Garniss
Leah Garniss
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Subhash was trustworthy and very easy to communicate with every time I hired him.
Shenelle Lumzel-Brown
Shenelle Lumzel-Brown
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He carries himself in a professional manner, and always makes himself available for any inquiries that need answering.
Darryl Peddle
Darryl Peddle
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Working with Subhash has been refreshing and provided me with peace of mind when it comes to my finances.
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Some of our Favourite Tools

Some of Our Favourite Tools

Frequently Asked Questions

Tax Services

Tax deductible expenses in Canada (aka tax write-offs) include a large number of expenses approved by the Canada Revenue Agency (CRA), all of which can significantly help reduce your taxable income. With careful tax planning individuals and business owners in Canada can decrease the tax burden and put themselves in a lower tax bracket. Some of the main tax deductible expenses include 1) business start-up costs, 2) home office expenses, 3) vehicle expenses, 4) advertising costs, 5) interest and bank charges, 6) insurance expenses, 7) legal fees, 8) business tax, licenses and dues, etc.

Contact us to learn what tax write-offs you and your business qualify for and how we can help minimize your tax burden.
There are two key advantages of incorporating a business: 1) limited liability and 2) income tax deferral. In general, if your business is earning over $60,000 in net earnings and you anticipate it will continue to grow, you should consider incorporating a business. The savings from tax deferral, dividend splitting and favorable tax rates will be greater than the additional legal and accounting costs.

You may benefit from the small business deduction (SBD) which lowers the federal tax rate to 9% on its first $500,000 (compared up to 53.5% marginal tax rate if you’re not incorporated).

Contact us to learn what is the optimal solution for your specific situation.
Annual returns are different from tax returns. Annual returns include information about a business and its shareholders, while tax returns provide information about the company’s finances.

The annual return in Canada represents a legal document (different from tax returns) that includes information about the registered office address, mailing address, business address, directors, the officers and in some jurisdictions the shareholders of a company. Provincial and federal governments require companies registered under them to provide up-to-date business information on an annual basis. Failure to file the annual returns can result in the dissolution of a company by the Corporations Canada. Although annual returns should be filed each year, there is a 2 year grace period.
A professional corporation in Canada refers to a corporation owned and operated by one or more members of the same profession that provide professional services regulated by professional bodies, such as physicians, dentists, veterinarians, lawyers, accountants, engineers, and architects. Incorporating a professional corporation provides many tax advantages which include tax deferral, potential income splitting and favourable tax rates on dividends.

Contact us to learn if a professional corporation is right for your practice.
Tax on split income (TOSI) is a set of tax rules designed to limit the tax benefit of income splitting through private corporations. Income splitting is a tax strategy of moving income from a family member in a higher tax bracket to a family member in a lower tax bracket in order to reduce the overall family tax burden. TOSI (effective as of January 2018) requires adults (over the age of 17) to be engaged in the business on a regular, continuous and substantial basis (at least an average of 20 hours per week) to be eligible for income splitting tax benefits, among other criteria.
Tax planning is a service provided by a CPA firm that includes effectively managing a taxpayer’s financial situation to minimize the tax burden at the federal and provincial level for both the near and long-term. Short term tax planning involves financial planning and execution at the end of the income year to reduce taxable income, while long-term tax planning typically includes ongoing analysis, planning and actions aimed at reducing the tax liabilities in line with the client’s long-term goals. Long-term planning is done at the beginning of the fiscal year to be followed around the year.
A compensation strategy is a plan on how a business determines pay and benefits for employees in a way to align long-term business goals with compensation resources. The objective is to find the right balance to increase a business’s ability to retain and attract top talent with competitive rewards. It is crucial to consider the company’s finances when creating a compensation strategy, which is why for small and medium businesses a good solution is to consult a virtual CFO or a business advisory firm.

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