Our Services
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We are a professional and licensed accounting firm helping our clients prosper.
Tavana & Co. is a full-service, yet boutique chartered accounting firm located in Toronto,
Canada with Canadian and international tax expertise. Services include:
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> Audits, Review & Compilation of Financial Statements
> Tax Planning
> Corporate Reorganizations
> Canadian & Provincial Compliances Check-ups
> Help Set-Up Canadian Branches or Subsidiaries of Foreign Entities
> Transfer Pricing
> Foreign Affiliates
> Business Plans and Corporate Finance
> Personal Financial & Investment Plans
> Retirement & Estate Planning
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Audits, Review & Compilation of Financial Statements
As Chartered Accountants we are licensed to provide audit opinions,
review and compile financial statements for presentation to the public at large.
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Tax Planning & Corporate Reorganizations
We advise our clients on corporate reorganizations to create more tax friendly structure.
For example, when a group of related individuals, directly or indirectly through other corporations,
control a number of corporations; those corporations may be ASSOCIATED under the Income Tax Act,
or the Ontario Employers Health Tax legislation.
If you are not aware of the tax consequences, we can explain.
We can also advise on reorganizing your corporate group in order to achieve the best tax results.
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Canadian & Provincial Compliance Check-ups
We review our clients’ businesses to identify the required government filing and reporting.
We ensure compliance in order to avoid unnecessary penalties and ensure maximum deductions.
For example, we can facilitate proper reporting of employee benefits and usage of company cars,
and filing of foreign asset ownership. We can advise on proper reporting related to foreign affiliates,
controlled foreign affiliates, and transactions with non-residents.
We also can assist with contemporaneous transfer pricing documentation.
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Set-up and Maintain Branches and Subsidiaries for non-resident Clients
If you are a non-Canadian enterprise and wish to do business in Canada we can help you with the most
efficient vehicle to do this. We will take care of all your registration and filing requirements.
We will provide you with an on going service to make sure your operation runs smoothly.
In a nutshell we will be here to help you with all your business needs in Canada.
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Transfer Pricing and Foreign Affiliates
We assist clients to develop transfer-pricing documentation and advise on restructuring and/or
establishing foreign affiliates in order to minimize taxes.
We help clients with the detailed filing requirements for foreign affiliates.
For example, if you have a foreign subsidiary engaged in marketing your manufactured goods,
have you thought of reorganizing it into a controlled foreign affiliate in a lower tax jurisdiction to avoid or defer Canadian taxation?
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Business Plans & Financing Proposals
As independent and experienced financial advisors,
we coach our clients and help them create and accomplish business objectives.
For example, we prepare business plans and monitor its implementation and progress.
We can advise on the implementation of a system of Balanced Scorecards. When additional funds are required to achieve desired growth objectives,
we can assist you in raising capital and locating suitable business partners and help you with your succession plan.
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Personal Financial & Investment Plans
We prepare personal financial and taxation plans,
or if our clients wish we work in conjunction with their investment advisors.
For the most profitable results, investment and tax planning must be well coordinated.
For example, capital gains on family investments can be made to accrue to your children with low or no income,
thereby reducing the tax burden substantially. Capital gains or losses can be triggered at appropriate times to maximize your tax benefits.
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Retirement & Estate Planning
We recommend to our clients a combination of family holding companies,
trusts, wills, insurance and investment vehicles to ensure a prosperous retirement and asset transition to their loved ones,
while minimizing taxes, foreign estate duties and provincial probate fees.
For example, if you hold shares of US companies or real estate abroad,
have you considered holding them in a Canadian or other foreign corporate entities?
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