Tax and Financial Solutions
Tailored to You.

Corporate Tax Services

Managing corporate taxes requires proper planning, accurate records, and timely filing. Taxellence assists corporations with preparing and filing corporate income tax returns while helping business owners understand their tax obligations and available planning opportunities.

• Corporate income tax return preparation
• Corporate tax filing
• Review of business income and expenses
• Tax deduction review
• Tax compliance support
• Corporate tax instalment guidance
• Capital asset and depreciation review
• Year-end tax planning
• Shareholder transaction review
• Coordination of financial records with tax filings
• Assistance with tax authority notices and correspondence
• Support for prior-year and amended corporate returns

GST/HST Services

GST/HST compliance can become difficult when records are incomplete, filing deadlines are missed, or taxable transactions are not properly classified. Taxellence provides professional support to help businesses manage their GST/HST obligations accurately and on time.

• GST/HST registration
• GST/HST return preparation
• GST/HST return filing
• Review of taxable, zero-rated, and exempt supplies
• Input tax credit review
• GST/HST account reconciliation
• Filing frequency guidance
• Assistance with missed or overdue returns
• Preparation of amended returns
• Support with tax authority notices and inquiries
• GST/HST bookkeeping review

Personal Tax Services

We prepare accurate personal income tax returns while reviewing eligible deductions, credits, and reporting requirements — making the filing process accurate, organized, and stress-free.

• Employment income reporting
• Self-employment income
• Business income
• Rental property income
• Investment income
• Capital gains and losses
• Foreign income reporting
• Eligible tax credits and deductions
• Medical and education-related claims
• Newcomer tax considerations
• Departure tax considerations
• Prior-year and amended tax returns
• Assistance with tax authority notices
• Personal tax planning

Financial Statement Preparation

Clear and accurate financial statements help business owners understand performance, manage operations, and meet reporting requirements. Taxellence prepares organized financial information based on the records provided by the client.

• Income statements
• Balance sheets
• Cash-flow statements
• Statements of changes in equity
• General ledger review
• Account reconciliations
• Year-end adjusting entries
• Supporting schedules
• Financial statement working papers
• Trial balance review
• Management reporting
• Audit-ready financial information

Audit Support Services

Taxellence assists businesses in preparing their financial records and supporting documentation for external audits, reviews, or other assurance engagements. Independent audit opinions must be issued by an appropriately licensed public accountant or public accounting firm.

• Preparation of audit schedules
• Account reconciliations
• Working-paper preparation
• Supporting document organization
• Lead schedule preparation
• Resolution of accounting differences
• General ledger clean-up
• Financial statement support
• Assistance in responding to auditor requests
• Coordination with external auditors

Tax Consultation

Tax questions often arise before a transaction, business decision, or filing deadline. Taxellence provides tax consultations designed to help clients understand their options, responsibilities, and potential tax implications.

• Starting a business
• Incorporation considerations
• Personal versus corporate tax matters
• Business structure considerations
• Tax implications of major transactions
• Rental property taxation
• Investment income taxation
• Capital gains
• Payroll-related obligations
• GST/HST obligations
• Tax authority notices
• Missed tax filings
• General tax planning opportunities

Tax Advisory and Planning

Effective tax planning should happen throughout the year, not only when a tax return is due. Taxellence helps individuals and businesses understand the tax impact of their decisions and identify practical planning opportunities.

• Personal tax planning
• Corporate tax planning
• Owner-manager tax planning
• Salary versus dividend analysis
• Business structure analysis
• Expense and deduction planning
• Tax-efficient transaction planning
• Year-end tax strategies
• Cash-flow and tax instalment planning
• Capital gains planning
• Business succession considerations
• Long-term tax planning
• Tax compliance reviews

Bookkeeping Services

Accurate and up-to-date bookkeeping helps businesses stay organized, understand their performance, and prepare for tax season.

• Recording income and expenses
• Bank reconciliations
• Credit card reconciliations
• Accounts payable tracking
• Accounts receivable tracking
• General ledger maintenance
• GST/HST tracking
• Payroll-entry support
• Month-end and year-end adjustments
• Financial reporting
• Bookkeeping clean-up and catch-up bookkeeping
• Preparation of records for tax filing or external audits

Financial Planning

Financial planning helps individuals and business owners make informed decisions about their income, expenses, savings, debt, and future goals. Our financial planning services are designed to provide practical guidance and greater financial clarity.