Services

Accounting and Tax for Small Business

Get peace of mind from a trusted Chartered Professional Accountant who can handle everything from day-to-day bookkeeping and payroll to strategic tax minimization, CRA resolutions for manageable situations, and business growth planning for Canadian businesses and non-residents with Canadian tax obligations.

We specialize in proactive, compliant clients who are up-to-date on filings (no simple personal tax returns, audits, bankruptcy support, or assistance for clients far behind on obligations).

Key Benefits

  • Accurate, timely financial records so you can focus on growing your business
  • Proven strategies to legally minimize taxes and maximize your take-home income, for residents and non-residents alike
  • Expert help resolving CRA issues quickly and discreetly (for manageable/resolvable situations)
  • Personalized support for startups, established businesses, Canadian-source income for foreigners, and complex cross-border scenarios

Bookkeeping, Accounting & Payroll

We handle your day-to-day financial records and payroll so you stay compliant, organized, and focused on growing your business, without the hassle.

  • Regular bank reconciliations and ongoing maintenance of accounting records (QuickBooks, Xero, or your preferred software)
  • Preparation of accurate income statements, balance sheets, and cash flow reports
  • Sales tax (HST/GST) filings, payroll remittances, and business tax returns
  • Full payroll processing for your team, including source deductions, T4 slips, ROEs, and CRA remittances (for Canadian employers or those with Canadian employees)
  • Periodic reviews with operating budgets and cash flow forecasts to identify opportunities and keep you ahead

Tax Planning

Don’t just file taxes, plan proactively to legally keep more of what you earn. We review your business structure, growth prospects, and personal finances (for owner-managers and related parties) to implement sound, up-to-date tax strategies tailored to your situation.

  • Corporate and personal tax planning for owner-managers and related parties
  • Legal tax minimization strategies aligned with current income tax, capital gains, payroll, and HST/GST rules
  • Year-round advice to retain the highest possible proportion of your income, for Canadian businesses and foreigners with Canadian tax obligations

Tax Preparation & Filing

Expert preparation tailored to your unique situation, corporate T2, complex personal T1 (e.g., business/investment income), and non-resident filings. No simple personal returns or cookie-cutter work.

  • Full T1 (personal) and T2 (corporate) filings for Canadian residents and non-residents
  • HST/GST returns and compliance
  • Experience with complex scenarios: multiple income streams, investments, rental properties, non-resident withholding (Part XIII/Regulation 105), and more
  • Peace of mind knowing your taxes are accurate, compliant with CRA requirements, and optimized for your circumstances, whether you’re in Canada or abroad

New Business Formation

Starting a business is exciting, but the administrative and compliance details can be overwhelming. We provide clear, practical guidance to help you set up your sole proprietorship or incorporated business correctly from day one, so you avoid common pitfalls and build a strong, efficient foundation.

  • Assistance choosing the right structure (sole prop, corporation, partnership) and registering with CRA and provincial authorities
  • Step-by-step setup of your corporation, including articles of incorporation, bylaws, share structure, and initial tax registrations
  • Guidance on establishing streamlined business processes for bookkeeping, payroll, HST/GST, and ongoing compliance
  • Advice on efficient workflows to simplify reporting and maximize tax planning opportunities from the start

Financial Statements

We prepare compilation financial statements under CSRS 4200 standards, including income statements, balance sheets, cash flow reports, and the CPA-signed Compilation Engagement Report. These are suitable for banks, creditors, investors, or stakeholders, offering clear transparency with no assurance provided, no audit or review is performed, keeping the process efficient and cost-effective.

Valuations, Mergers, Acquisitions & Related Matters

Strategic advisory support for valuations, mergers, acquisitions, shareholder issues, estate planning, and related matters. We explain financial and tax impacts, assist with preparation and due diligence, and connect you to our trusted network of experts (valuators, lawyers, brokers) when formal valuations or transaction leadership is needed.

Why Choose MWCPA for Your Small Business?

  • Canada-wide service from an experienced Chartered Professional Accountant
  • Personalized, human approach; you’re never just a number
  • Compliant, efficient, and focused on your success, whether you’re a resident, non-resident, or foreigner with Canadian tax matters
  • Transparent pricing options

Simplify your Canadian finances and reduce your tax burden today.

Book a free initial consultation

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