Companies need business valuations for a variety of reasons -1) For
the purchase or sale of a business2) For financial planning to
modify a company's share structure. 3) Planning for
Our firm can determine if you have an eligible claim under the
government's SRED program and assist you in filing it. We provide a
complete service from preparation of the technical submission to
The determination of whether a person is a bona-fide sub contractor
for income tax purposes is not as straightforward as it may seem.
Self-employment is more than just a method of payment....
Estate planning is a lot easier a process than many think. Often a
few simple steps will fend off the taxman and insure that your
loved ones are adequately provided for upon your passing. Taxes can
This paper addresses the issue of protecting whatever assets you
have accumulated in your corporation even in the event of an
unforeseen insolvency. A careful plan can put you back on your feet
It’s RRSP time – again (February 2017)
There’s little likelihood that the average Canadian taxpayer can
fail to notice that it is, once again, registered retirement
savings plan (RRSP) season, given the number of television, radio,
Peter Herman CA Professional Corp. has serviced clients for in excess of two decades in the Greater Toronto Area. We have now expanded our reach to the Greater Vancouver Area. We are available in person or online. In fact for many of our clients, direct personal contact is unessential since files and required signatures can be provided in digital format. With greater use of the cloud, people no longer have to be burdened with extended commutes. We have used this opportunity to provide even greater convenience to our clients. We will be providing a full slate of accounting services in both Vancouver and Toronto in particular, but also accross Canada going forward since all of the information that we require in virtually all cases is available in digital format and can be provided with a simple click of the mouse.
Tax and business strategies can make a huge difference to the bottom line of any business or individual. We focus on putting all options on the table and making the client aware of the costs and benefits of each. For instance, income splitting between spouses, contributing to RRSP's or IPP's, whether to set up Tax Free Savings Account, what a client can do to limit his exposure to creditors and protect his retirement savings, what types of investments can be held in RRSP's - are there better uses for the money?
Add to this the complexities of incorporation- Who should own shares of the corporation, should they be held in a trust or directly, how should money be withdrawn from a corporation? These types of issues can come up in an initial consultation, or could result from a closer scrutiny of the taxpayer's overall position. Either way, coming to our firm can only help your bottom line. We have helped individuals and business over the years and have seen our advice contribute to substantial growth in our clients financial resources. We would like to do the same for you.
We are friends of all sizes and stages of business. Our expertise extends from startups to established owner managed companies. Along with our network of specialists our firm can provide considerable expertise in tax appeals, litigation, business valuations, SRED claim preparation, estates and succession as well as the more traditional services of tax return and financial statement preparation. Our fees are competitive and our service we believe is bar none.
From the simplest year end to the most extensive corporate restucturing we offer:
Ongoing advice on how to minimize taxes and maximize profits
Guidance on defining long term financial goals and identifying ways of reaching them for both businesses and individuals
Advice on investment and business opportunities
Help on how to acquire financial assistance to support growth
We understand that the role of a principal business advisor is earned, not simply given.
If you have queries about the services we offer and want to find out how we can help you, please send us an email or call to set up an appointment. We look forward to hearing from you.
Our site also includes a number of helpful resources - at no charge - that can assist you in tax planning and help you understand how to achieve some of your financial goals. We encourage you to make use of these.