Taxation

Taxation represents by far, the largest single item in the average Canadian’s budget. Even those in the middle tax bracket typically pay over 35% of every dollar earned on taxes of one kind or another. Our firm recognizes the importance of our role as your advocate and advisor, to ensure that you pay no more than your fair share of these taxes.

Through our commitment to the training of our staff and their ongoing professional development, to our system of review and verification, we do our level best to provide you with the kind of professional service you deserve.

Personal Tax

Let’s face it, reducing your personal tax bill means keeping more of that hard-earned money in your pocket. That’s a priority for all of us and it’s our right to organize our affairs to pay the least possible amount of tax…

Personal Tax Return Preparation

From February to April each year, we work flat out to make sure that planning opportunities are taken advantage of, that your return is prepared accurately and efficiently, and that it is filed on time.

Whether you're a doctor, a lawyer, or other professional – an investor, a business owner or simply own rental properties – you can expect the same professional service.

Tax and Estate Planning

Throughout the year we work to find planning opportunities for you. While preparing corporate tax returns for your privately-held companies, or taking training in the latest tax-planning techniques, when an opportunity presents itself, we’ll update your file or advise you of changes to relevant tax rules in our periodic newsletters and bulletins.

As your circumstances change throughout the year, don’t be afraid to pick up the phone and talk to one our team of tax professionals. Don’t wait until tax time – too often, waiting will only reduce the available options to save tax.

Corporate Tax

Each year corporate tax becomes more complex, and simple compliance becomes more difficult.

Preparing a corporate tax return and planning the best corporate tax strategy requires the right team with the right training and experience.

Corporate Tax Return Preparation

As your year end approaches, we’ll let you know what’s required to complete your tax filing. Once we’ve received your financial information, we will do our level-best to make sure that it’s accurately prepared and that you’re not paying more tax than you should. We’ll also help you keep on top of filing deadlines, so you can avoid costly penalties.

Corporate Tax Planning

Your corporate planning cannot be done in isolation. After all, you're running a business to meet personal objectives as well. For this reason, we consider your personal tax objectives with your corporate plans in order to ensure the optimal overall tax result. This means that your total tax bill will be as low as possible. At PEL, we are committed to an integrated approach to tax planning – we’re the right team for you and your business.

Reorganizations & Rollovers

The Income Tax Act contains a number of complex provisions to encourage and enable small and medium-sized businesses to grow and expand. Our expert team of tax professionals will build the blueprints to guide you through this process with a combination of professional skill and personal service that we believe is second to none.

Retirement & Succession Planning

It’s been said that “only two things are certain in life – death and taxes”. At PEL we can’t do anything about death – but we can help you plan for your retirement!

R&D Tax Credit Claims

CCRA is the largest single source of funding for research and development activities in Canada. With combined experience of over 30 years in this area, we believe we can help you improve your submission.

Representation on CCRA Audits

While the Income Tax Act is written in black and white, many audit issues are not necessarily clear cut. Our assistance in tax planning and tax return preparation can be expected to reduce the likelihood of a tax audit. Once an audit is in process however, having our professionals on your side can serve to reduce tensions and encourage a reasonable exchange with CCRA officials.

Small Business

We exist to serve small and medium-sized business. As a local firm we are well-matched to our clients in terms of size. This means that when you call our office, you will speak to a qualified professional within a day. And you won’t feel that they’re too important to talk to you. Looking for help with bookkeeping? Check out our WHAT's NEW section for our bookkeeping program designed to work with EXCEL™ OR go to our LINKS for a referral to a qualified bookkeeper.

Buy/Sell Consulting

Buying a business can be a risky endeavour. Whether it’s a manufacturing plant or a restaurant, our people have seen it happen before. Want some advice before you sign on the dotted line? – Give us a call.

If you’re thinking of selling your business, let us know. There are many things to be done before you actually list it for sale. If you want to maximize the sale price – AND the net after tax – talk to us.

Business Structuring / Incorporation Advice

Successful businesses can and have operated as proprietorships, partnerships, and as corporations. There is no ‘one size fits all’ answer. If you’re confused as to what best serves your needs – give us a call. Our professional staff can easily point out the benefits and pitfalls of each of these structures and which might be best in your circumstances.

Accounting Systems Design & Implementation

As professional accountants, our people have worked with many of the popular, small business systems currently on the market. We can help you select a system and, once you’ve purchased a system, can work with you to ensure that the system is properly set up.

Audit and Review Services

If your financial statements have to be reviewed – for your banker or your shareholders – or, if you require audit services to meet licensing or financing requirements, give us a call. Our technical expertise in this area of financial statement preparation will help to ensure that the process is as efficient (and painless!) as possible.

Financial Statement Preparation

If you need financial statements to attach to your tax return, we can help. From simple Notice To Reader statements for management purposes, through more elaborate Reviews, to full-blown Audits we can provide the level of service that your organization needs. We’ll get it done quickly and we’ll get it done right! What’s more, we can probably save you a bundle on income tax.

Cash Flow Analysis

You may require a cash flow analysis in support of a funding proposal or a business plan. Perhaps you want a plan to pay down debt. Or you may simply want to better understand the cash flow requirements of your business. In any case, we’d be pleased to help you.

Corporate Finance

Need help going public ? We can provide assistance in fulfilling regulators' requirements, such as financial statements and other periodic reports. We can also help you arrange financing, or prepare your prospectus.