Services for Individuals

Tax Planning

The objective of personal tax planning is to minimize or defer income taxes payable through the proper organization of your financial/taxation affairs in the most beneficial way possible within the legal confines of the Canada Income Tax Act.

The bulk of it really comes down to doing the right things at the right time and ensuring that you have the appropriate paper trail. I am aware of and have used many of the reduction opportunities available to most middle income Canadians. I will be happy to show my clients the best way to customize these tax strategies in order to legally minimize the tax you pay and maximize the amount of money in your pocket!

Tax preparation

I have been doing taxes professionally since 1980. I know what questions to ask so that we can maximize the dollars you keep in your pocket and minimize the tax dollars that you have to give to the government! Minimizing tax is about proper planning AND execution of that plan. I will prepare your tax return. Provide you with a copy. Explain it to you. Then I will e-file it for you and provide a confirmation.

Budgeting & Cash Flow Analysis

After many years of working with clients and listening to their needs, I have come up with a great process to help you get the financial things done that you want to accomplish in your life. I help you deal with your self-discipline issues. I can help you lower your bills and put the money towards the things that are important to you instead of paying off old debts all the time. I can help you achieve your goals (and if you don't know what they are, I can help you come up with them!)

I will work with you to:

  • prepare a budget that suits YOU
  • set up weekly, monthly, quarterly or annual budgets
  • create short term and long term goals
  • establish and implement a process to make achieving your short term and long term goals a reality

Financial analysis for Seniors

I will do a free assessment of income sources for seniors to evaluate income opportunities they may be missing. The assessment will include such things as Old Age Security, Canada Pension, Guaranteed Income Supplement, Subsidized housing, Trillium Credits and various other credits seniors may be entitled too. If there are opportunities, I will work with the senior to facilitate getting the financial assistance or government funding they are entitled too on a contingency basis.

TFSA strategies

TFSA's have been in existence since 2009. You can contribute up to $5,500 a year into a TFSA since 2013 and $5,000 before that. That totals $31,000 if you never put any money yet!

Have you considered putting money in a TFSA or have already put money in? Is it meeting your objectives? Are you aware of the rules around it? Are you aware of the benefits of it?

Did you know that if you contribute $5,000 a year for 20 years at a return of approximately 4% you will end up with around $150,000, BUT if your return is closer to 6% you could end up with around $200,000.

Once you realize the potential growth power of a TFSA, I think you then need to get a handle on what the TFSA means to you. Is it solely a rainy day fund? A tax-free replacement to your regular trading account? Something in the middle?

While this all seems very straight forward, there are strategies that will allow you to meet your goals by taking advantage of TFSA's.

Services for Business

Payroll

I will provide you with a full complement of payroll services including:

  • Payroll calculations
  • pay stubs
  • direct deposit
  • CRA source deductions and remittance
  • WSIB calculations, deductions and remittance
  • Year-end T4 slip preparation

Bookkeeping and Accounting

Whether you're just starting up your business or you're a bit behind on your record keeping - I'm here to help!

I am available to take on bookkeeping and accounting services for your business.

For some trivia - did you know that bookkeeping is the only word in the English language that has 3 double letters in a row?

I Can:

  • Incorporate your business
  • Set up your accounts with the government
  • Set up your accounting books
  • Do your bookkeeping (or show you how to do it)
  • Prepare financial statements for management use
  • Prepare and file your HST returns
  • Prepare and file your Personal and Corporate Tax Returns
  • Financial statement analysis and recommendations

Tax preparation

I have been doing taxes professionally since 1980. I know what questions to ask so that we can maximize the dollars you keep in your pocket and minimize the tax dollars that you have to give to the government! Minimizing tax is about proper planning AND execution of that plan. At year end, this is when we find out how well you executed. I will prepare your tax return. Provide you with a copy. Explain it to you. Then I will e-file it for you and provide a confirmation.

Budgeting & Cash Flow Analysis

Budgeting for a business is a little different than budgeting for an individual. Your cash flow in business is imperative and especially with smaller companies where credit might not be so readily available. A proper budget and cash flow analysis will ensure that monies are targeted to where they will have the greatest impact and ensure the business continues to be liquid. Proper tax planning is an integral part of the equation and if not done properly can devastate the business very easily.

I will work with you to:

  • prepare a budget that is realistic and focusses on cash flow requirements
  • set up weekly, monthly, quarterly or annual budgets
  • create short term and long term goals for your business
  • establish and implement a process to make achieving your short term and long term goals a reality