New businesses are commonly structured as sole proprietorships, partnerships, or corporations.  These business structures differ greatly from each other in the area of taxation methods, setup costs, ownership of assets, legal liability of the owner(s), owner compensation methods, setting of year end, amongst other differences.  We can help you with your new business with the following services:

Assistance with decision to incorporate, or to form sole proprietorship or partnership

Registration of business number with Canada Revenue Agency

Assistance with decision to engage employees vs contractors, or vice versa

Advice with payroll deductions and compliance

Assistance with decision on appropriateness of registering for GST/HST, PST, and/or Worksafe

Setup of sales tax systems

Advice with other start-up procedures having regard to desired rate of business growth

Shareholder and management compensation planning, if applicable, giving consideration to tax

Tax planning and financial advice

Cross-border services – international tax planning for organizations resident in Canada

Cross-border services – Canadian tax planning for organizations not resident in Canada

Setup of accounting and bookkeeping systems

Quickbooks accounting software guidance

Cash flow and profitability analysis

Financial forecasts and budgets

Scenario analysis

Review of internal controls