Services

Tax Filing

At FSFSMA we file your personal as well as corporate taxes. We offer all consultancy services when it comes to Tax and Financial Planning. We have in depth knowledge of tax rebates and Corporate as well as Individual tax law.

We offer:

• Taxation Services
• Corporate tax planning
• Preparation of GST, HST and payroll tax returns

Non-Resident Taxation Issues

• Tax Planning
• Preparation of non-resident tax returns.

We have filed and have successfully been approved for thousands of dollars of claims.

Corporate Tax Planning

Corporation tax represents a substantial part of your trading costs. Moreover, the increased reporting obligations, robust investigation policies on the part of the tax authorities, and harsher penalties for non-compliance mean that an undue amount of your time and resources can be taken up collecting revenue for the Government.

We offer a range of services to help you minimize your corporate tax exposure and relieve you of the administrative burden of complying with tax legislation. These include but are not limited to:

• Determining the most tax effective structure for your business
• Taking full advantage of tax opportunities and reliefs
• Achieving the optimum capital or revenue tax treatment
• Reducing tax on disposals and maximizing relief on acquisitions
• Making the most of tax opportunities specific to your industry
• Meeting the rigorous demands of compliance including corporation tax self assessment
• Efficient corporate tax planning can result in potentially significant improvements in your bottom line.

Investment

RRSP

A Registered Retirement Savings Plan (RRSP) is a personal savings plan registered with the Canadian federal government allowing you to save for the future and retirement on a tax-sheltered basis.

Your designated retirement savings is a portfolio for yourself. It can contain a variety of investments including: RRSP savings deposits and so on.

What makes an RRSP special is that your contributions to it are tax deductible and your portfolio grows tax sheltered. If you are under 72 years of age and earn income, we encourage you to take advantage of the benefits an RRSP can offer.

RESP

The Registered Education Savings Plan (RESP) is a tax-sheltered plan that can help you save for a child’s post-secondary education. With the high cost of education, and rising on daily basis many parents, grandparents and other family and friends are recognizing the need to save well before the expenses become a reality. An RESP combines flexibility, tax-deferred investment growth and direct government assistance to help you reach your education savings goals for your children in a save manner.

Tax Free Savings Account

Nearly 50% of Canadians do not have a Tax Free Savings Account (TFSA). And many of those that do are not making regular contributions. This is a shame. It means that many are missing out on a savings plan that can contribute substantially to building wealth and accumulating a strong cash reserve that’s there when you need it. Since their inception in 2009 tax free savings accounts have given Canadians an excellent opportunity to earn investment income, on interest, dividends and capital gains, tax free.

Other Mutual Investments

Our consulting also provides our clients the capability to have their money invested in other mutual investments as well. We deal in several other kinds of investments like TFSA’s, GIC, etc. Contact us for further details.

Accounting and Book-keeping

Our services will get your business up and running smoothly and tailor a solution that is fitting for your requirements. Our Accounting services are optimized to offer you the best services for your satisfaction. All paperwork is filed with care in an orderly and precise method for easy retrieval. Our aim is to let business owners focus on the growth and marketing of their company and business.

Our first step is to work with you so we can gain a full understanding of your business. We then tailor our approach to your requirements so we can provide exactly the service you need. Besides your core bookkeeping, we can also maintain your GST & PST records, prepare your annual accounts.

We can also provide service to scan your receipts because as per CRA guideline you need to keep your receipts for 7 years because CRA can ask you for Audit purpose and that’s why its important for you to save your receipt from normal wear and tear because normally receipts will be faded in few months.

The most important part of this service is the preparation of management accounts. These are vital to the continued success of your business. We discuss your requirements with you and provide you with tailored information and constructive advice on a regular basis.

If you cannot afford to employ your own in-house accountant why not make use of our services? Our staff are here to help you monitor your business performance and to provide regular proactive advice. We can also assist with the installation of accounting software on your premises. This can be done on a monthly or quarterly basis or whatever best suits your needs.

Payroll Services

Administering your payroll can be time consuming and burdensome, diverting energy and resources from the core activities of your business. And the task is made all the more difficult by the growing complexity of taxation and employment legislation and the accompanying regime of penalties for non-compliance.
We have dedicated staff that can relieve you of this burden by providing a comprehensive and confidential payroll service, including:

• Customized payslips
• Administration of payroll, CPP, EI, statutory sick pay, statutory maternity pay, etc
• Completion of statutory forms, including year-end T4 returns, to issue to your employees and submit to the Revenue Agency
• Summaries and analyses of staff costs

Even if you have a limited number of employees, you will make savings by engaging us to administer your payroll. Let us take the strain of the paperwork so that you can concentrate on other important issues. Our payroll staff has access to the resources of our specialist Tax Department for guidance and help on all payroll matters.