From non-resident trusts to family trusts, we provide planning and preparation of annual returns.
Types of trusts serviced: Estates, Family trusts, Non-resident trusts, Testamentary trusts and Inter-vivos trusts
Income tax
- Preparation of T3 tax returns, T3 Summary and T3 Supplementaries
- Dealing with Canada Revenue Agency (“CRA”) (e.g. Audits, correspondence, questions, etc.)
- Reviewing correspondence from CRA and advising on appropriate reply
- Tax planning
- Estate planning
- Coordination with lawyer to establish trust
- Reporting foreign assets
- Assisting non-resident trusts file Canadian tax return(s), as required
Accounting
- Preparing monthly / quarterly / annual financial statements
- Training for manual bookkeeping system
- Set-up and training for computerized bookkeeping system using QuickBooks software
GST, if commercial activities
- Registration with CRA
- Preparation of quarterly / annual returns