Consulting Businesses

Many consultants and subcontractors are offered the opportunity to incorporate and we can walk you through the tax considerations related to incorporation. Whether or not you decide to incorporate, we can ensure that your tax position is optimized, compliance obligations are met and tax risks mitigated.

Services provided to our clients include:

Assistance with the various tax aspects of incorporation
Compensation planning, including determination of optimal salary/dividend mix and assessment of options within current dividend splitting provisions
Annual year end compliance, including preparation of financial information and corporate tax returns
Preparation of salary schedules and annual tax slip reporting for salary and dividends
Planning and tax compliance related to investment of surplus funds
Consideration of available tax credits, such as investment tax credits
Discussion and analysis related to personal service corporations
Analysis of wind-down scenarios

We service corporate and business clients across various sectors, including having specific expertise with respect to:

Additional Corporate Services

Business Advisory Services

To complement tax and accounting services above, we also offer business advisory services.

Internal Accounting Services

We offer internal accounting services from operational to executive levels.

What Our Customers Have to Say

“It is more than 10 years since my company has entrusted its accounting to Ernst and Company CPA. With the utmost care and integrity, they have led the day-to-day accounting as well as annual and tax reporting of my company. During these years, as our business has evolved, Steve, Sharon and Catherine have enabled us to grow internationally while ensuring that we uphold the highest compliance standards in Canada. We recommend the firm and its team unreservedly.”