Audits are our most in depth and thorough financial investigations which provide the highest degree of assurance. The goal of an audit is for our auditors to offer an opinion about the fairness of your business's financial statements. We will study your company's records, assets, documents, and make inquiries about your company's financial dealings both within and outside of the company.
The corporate structure of your business may have worked before but may not be functional in today’s business climate, particularly from a tax point of view. We work with companies in this situation to help them reorganize and restructure so that they can reap the rewards of the existing tax regulations.
As a business owner/manager you have the same concerns about your corporate tax return as your personal tax return. You want your annual corporate tax return prepared accurately and on time. You likewise want to be certain you are benefiting from all the tax mechanisms that can legitimately save you and your company tax.
Canada's Income Tax Act (the Act) is a large and complex piece of legislation which governs the country’s ability to raise tax revenues, preventing tax avoidance and evasion, stimulating economic growth and capital investment, providing social assistance, and promoting charitable giving. The Act is regularly revised to add new provisions, clarify current provisions, and correct technical deficiencies.
One of the most important things you can do for both your family and your business is to minimize tax during the succession of a family business. This includes reorganizing the existing business structure and/or setting up a family trust. Cloutier Matthews will work with you and facilitate minimizing taxes and other costs and expedite the healthy transition of wealth without dispute.
The Voluntary Disclosure Program with the Canada Revenue Agency promotes compliance by encouraging taxpayers to voluntarily come forward and correct and/or report previous omissions. The program is designed to eliminate any penalties incurred for non-compliance.