Industries
Professionals and medical practices
Physicians, dentists, lawyers, architects, engineers and consultants operating through a professional corporation.
A professional corporation only saves tax if the corporate year-end, the personal return, the HST treatment of exempt and taxable services, and how income is drawn are decided together, once a year, before December 31.
We keep the corporation's books, prepare its T2 and the owner's T1 as one plan, and handle the practice payroll and HST so you can spend your time on the practice.
What that means in practice
- Salary and dividend planning for the owner and family shareholders where permitted
- HST on mixed exempt and taxable services
- Practice payroll and associate or locum payments
- Corporate and personal returns coordinated in one year-end review
Tax Planning & Preparation
Corporate and personal returns, HST/GST filings and CRA correspondence, with planning done in the autumn, while there is still time to act.
More on Tax Planning & PreparationAccounting & Bookkeeping
Monthly bookkeeping, a month-end close that runs to a calendar, and financial statements prepared under ASPE.
More on Accounting & BookkeepingPayroll & Employer Filings
Bi-weekly or semi-monthly payroll, CRA remittances, T4s and Records of Employment, reconciled to the ledger every period.
More on PayrollStart with a conversation about where things stand.
Describe the situation and we will tell you honestly what the work involves, roughly what it costs, and how soon we could start. Nothing is billed until we have both signed an engagement letter.
We usually reply within one business day.