Resources

Services

Assurance and non assurance financial statements

Financial statements: there are three standards of financial statements issued in Canada, each having a different level of assurance. Audits, the auditor provides an independent opinion on the financial statements and checks the internal controls of the entity. For review level financial statements, the accountant ensures the financial statements are plausible. The lowest level of assurance, compilation financial statements are compiled from information provided by the client. There is no review of the plausibility of compilation financial statements. Typically, compilation financial statements are done for income tax purposes only.

Audit opinions for financial statements and other special reports

Accounting

Bookkeeping, project management, government compliance filings, custodial management reporting and performance measurement.

Business advisory

Arbitration, forecasting/pro forma's, design and implementation of accounting and management information systems, business plans, budgets, revenue models, key performance indicators, mentoring, retail and goods and services tax consultation.

Income tax

Income tax preparation - corporate, personal, trust, scientific research and development, estates.

Income tax planning and minimization advice, integration of domestic, foreign, personal and corporate tax and tax opinions.

Finance

Mergers, acquisitions and divestiture, due diligence investigation, valuations analysis, debt equity structuring, succession planning and owner exit strategy consulting.

Trusts and Estates

Pension and deferred income tax planning, estate planning, trust return preparation and planning, deceased taxpayer terminal returns and estate returns, asset protection planning, wealth creation and preservation.

Helpful References

Resource	Information Topics	Web Address
Bank of Canada	Exchange rates Interest rates Price indexes Canada savings bonds	www.bankofcanada.ca
Canada Revenue Agency	Forms and publications Corporate and personal income tax Goods and services tax (Harmonized) Payroll taxes and calculators Child and family benefits	www.cra-arc.gc.ca
Ontario Ministry of Revenue	Training tax credits EHT Corporate tax instalments Land transfer tax Tax credits Used vehicles	www.rev.gov.on.ca
Service Canada	Social Insurance Number (SIN) Employment insurance (EI) Old age security program (OAS) Canada pension plan (CPP) retirement CPP pension plan (CPP) disability benefits Guaranteed income supplement (GIS) GST\HST credit Veteran's disability pensions Passport	www.servicecanada.ca
Workplace Safety & Insurance Board of Ontario (WSIB)	Programs Rates Forms	www.wsib.on.ca
SEDAR	Canadian Security Information Register	www.sedar.com
Canadian Institute of Chartered Accountants (CICA)	Emerging issues Public sector accounting CICA handbook Publications About the profession	www.cica.ca

Did you know?

For a typical corporate year end file, Fingold and Fosbery Professional Corporation uses an average of eight different types of software ranging from Word, Excel, personal and corporate tax, time documentation, email and working paper applications.

Our server-based computer framework is constantly being updated for user accessibility, file security and retention, efficiencies and hardware innovations.

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