Services
What We Do
Tax Compliance Services
Due to uncertainties and complexities surrounding the interpretation of tax laws, the taxpayer, now more than ever, needs support and advice from experts at all stages of the tax compliance life cycle. Our team have experience working for the tax authority and have insight of government policies and procedures, can help you to ensure compliance with tax laws and reporting requirements.
- Personal/Corporate Tax Compliance
We can help — from tax filing to tax planning, such as filing a T1/T2 income tax adjustments enhance your tax function by reducing risk, enabling efficient tax operations and providing you with the analytics and knowledge to drive more tax value.
- SR&ED and Business Incentives
We can help Canadian companies, whether a complex multinational organization or an owner-operated startup, navigate scientific research and experimental development (SR&ED) tax credits, capital deductions and credits and other incentives quickly, efficiently and predictably.
- International Tax
International tax issues arise when individuals or businesses are subject to the tax laws of different countries. The recent years have seen an increasing demand on tax departments to report on cross-border situations and transactions. Our team consists of qualified and internationally experienced tax specialists and help you fully comply with reporting requirements and analyze and remediate the impact that these reporting obligations have on your global tax footprint.
- Transfer Pricing: The pricing of transactions between related entities in different countries, which must meet the definition of arm’s length principle to ensure profits are not improperly shifted. We will provide advice on various TP matters, develop a unified methodology for determining prices in controlled transactions, assist in preparation of the TP documentation to substantiate the arm’s length level of prices applied or negotiate an Advance Pricing Arrangement.
- Double Taxation: The same income being taxed by two different countries, which is addressed through tax treaties and foreign tax credits.
- Digital Economy Taxation: The challenge of taxing companies with a limited physical presence but significant economic activity, often managed through new agreements requiring taxes to be paid where profits are earned.
- Residency and Permanent Establishment: Determining if an individual or company is a resident for tax purposes or has a permanent establishment.
- Foreign Reporting Requirements: Mandatory reporting of foreign assets, such as the Canadian requirement to report specified foreign property exceeding $100,000- Form T1135.
Tax controversy
As tax laws gets complex, navigating a tax audit and appeals process on your own becomes more challenging. Our tax professionals gained extensive experience in working at the CRA audits and appeals divisions thus are very familiar with the CRA’s policies and procedures, adding significant value to resolve your tax problems with the CRA.
We are ready to assist you at all stages of a tax audit as well as during the appeal process.
- Assisting with audits and examinations conducted by the CRA, review of audit findings and gathering evidence in supporting the client’s position;
- (When it is a transfer pricing audit) preparing the Mutual Agreement Program file to resolve double taxation or taxation not in accordance with the provisions of a tax convention and negotiating a reasonable outcome with the CRA and the foreign tax authority;
- Preparing and filing notices of objection with the CRA;
- Making representation about potential penalty and interest to be reduced if possible;
- Preparing and filing voluntary disclosure or taxpayer relief application, if needed; and
- Preparing and filing notices of appeal with tax court.
Divorce Advisory
The tax implications of a divorce can be complex, understanding these impacts is crucial for managing your tax responsibilities with the Canada Revenue Agency. These are the key tax considerations when navigating divorce or separation.
- Marital status change reporting
- Child support and spousal support payment – tax treatment and reporting
- Tax credits and benefits implications
- Legal fees deductibility
- RRSPs and TFSAs implications
- Marital home and other capital assets implications
- Pension income splitting
Consulting with our tax professional can help ensure you are taking full advantage of the tax provisions available to you under Canadian law and managing your financial situation effectively during this challenging time.
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