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Explore Our Services
What we can do for you
Business Needs
Financial Reporting
As a valued client of MacKay Brehm & Smith, we specialize in meeting your financial reporting needs. By understanding your business and its unique operations, we provide tailored assistance, including bookkeeping support and help with government remittances. Our services also include selecting and implementing the right financial accounting software. Throughout the year, we're here to address any financial reporting issues, ensuring your focus remains on running your business effectively.
Incorporation and Business Restructuring
We offer guidance on setting up your business, including incorporation, partnerships, or cost-sharing arrangements, tailored to your needs for long-term financial and tax planning. We assist in structuring or restructuring your business to align with your personal circumstances and collaborate with your legal team on due diligence for business purchases.
New Business Ventures
Collaborating closely with you and your bank, we develop business plans and cash flow forecasts to determine financing needs for new ventures. We ensure legal agreements are in place and handle tax filings promptly. Our goal is to secure financing and support your new business's successful launch.
Sale of Existing Business
When it's time to transition from your business, we facilitate the process by reviewing sale terms, maximizing after-tax returns, and addressing nuances in family transitions. Working with your family and legal team, we design a transition plan aligned with your goals.
Cash Flow and Budgeting
We assist in creating structured financial plans, offering expertise in restructuring financing and predicting financial needs for expansion or equipment purchases. Our services include advising on tax implications and liaising with banks to secure suitable financing options.
Corporate Tax and Planning
We handle corporate compliance, including tax returns, GST/HST filings, and income tax elections. Adapting to tax legislation changes, we devise efficient tax plans and minimize corporate taxes. If needed, we assist in restructuring your business for optimal tax efficiency.
Personal Tax Services
Providing comprehensive tax compliance and planning, we tailor strategies to your unique situation. Our services cover tax returns, personal tax planning, CRA audits/appeals, and retirement planning to optimize after-tax income.
Budgeting Needs
Tax Needs
Estate + Financial Needs
Estate Planning
We collaborate with you to preserve wealth and transfer assets effectively, offering personalized tax and estate planning. Our services encompass utilizing capital gain exemptions, minimizing estate taxes, and establishing family trusts. We ensure your estate plan aligns with your goals, working alongside your legal team to execute it efficiently.
Business Succession Planning
Planning for business succession due to illness or loss of a partner is crucial for a smooth transition. We advise on buy-out provisions, business dissolution, and minimize stress during these transitions, aiming to alleviate anxiety and ensure a seamless process.