Our Services
We are a team of Chartered Professional Accountants who take pride in understanding our clients’ needs and delivering exceptional solutions to help them achieve their goals. We are here to map your success and be your partner every step of the way so you can focus on your business.
Personal Tax
At MSPS CPA Professional Corporation, we specialize in personal tax return preparation/filing, ensuring all your tax obligations are accurately and efficiently managed. Our team is dedicated to maximizing your tax savings while minimizing tax burdens/liabilities.
We also offer personalised consulting for tax complications including capital gain, rental income, departure tax planning and non-resident tax filing post temporary/permanent emigration, sole proprietorship income reporting, etc.
Corporation Tax
From tax-efficient structuring to compliance, our expert team offers assistance in all corporation tax matters. We help businesses navigate through the complexities of corporate taxation, optimize tax strategies, and ensure adherence to regulations for sustainable financial performance. We are your one-stop-shop for Corporate Tax Returns, Financial Statements preparation, preparation of T4 and T5 slips, compilation engagements and many more.
We help you with strategic tax planning by maximizing deductions, effective income-splitting strategies with family members and evaluating the best options for the owner – dividend vs salary.
Book-Keeping
Our personalized book-keeping solutions are designed to meet the unique needs of each client. Whether you’re a small business or a professional, we ensure that your financial records are accurate, organized, and compliant with relevant applicable standards and regulations. Outsourcing your book-keeping helps you invest more time and focus on your business while having the most accurate and up-to-date financial information handy to make the right decisions.
We provide cloud-based book-keeping solutions, thus, allowing the business owners to access their accounts anywhere, at any time. It not just saves time and money, but also provides more security and flexibility than desktop accounting software or manual book-keeping and hence, streamlining the auditing process.
Payroll
We make your payroll process seamless and ensure the pay periods and deadlines are met. Based on your business needs weprovide customized payroll solutions. We leverage cloud-based accounting software to store your data safely in a remote server allowing us to automatically reconcile accounts and simplify the entire process.
Business Registration
Incorporation comes with multiple benefits like limited liability, tax savings, structured growth, and potential to carry on the business despite changes in management. Incorporating your business is a big step and we make sure you are set up as per the laws and regulations.
We are proficient with the incorporation laws and can:
- help you decide on the type of incorporation – federal or provincial, name or numbered, etc.
- assist you with specific guidelines if you are a professional incorporation like – dentists, pharmacists, doctors, lawyers, etc.
- define your article of incorporation and the share structure
- set you up with CRA in terms of HST, Business Number, Payroll, WSIB, etc.
GST/HST Filing
Each province has its own sales tax rate and filing requirements, thus, making it a lot complex. We, at MSPS, ensure that your GST/HST returns are accurately completed and submitted timely. We help you identify which items in your business are zero-rated, exempt and taxable, and decide the tax treatment of every service or product you offer and consume.
Businesses maybe required to file GST/HST returns annually, quarterly or monthly based on annual taxable supplies. We help you with filing your GST/HST returns, claim the input tax credit, decide if you can benefit from the ‘quick method’ of GST/HST and make sure all your compliances are in order.