Maintaining accurate and verifiable financial records can be a challenge for any business or entrepreneur.

We have the experience to make sure it’s as easy as possible.

While personal tax filings may seem simple to prepare, many Canadians miss important deductions or tax credits.
MBS Plus has years of experience and a proven process to help optimize all types of returns.

The undertaking of legitimate transactions or arrangements with a view to defer or minimize the payment of taxes.  Depending upon your situation one or more tax planning opportunities may be reasonable.  Common tax planning transactions include, but are not limited to:

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• Tax deferred sale of certain assets to a corporation (a section 85 rollover)

• Recapitalization of a corporation to minimize punitive taxes such as tax on split income “TOSI”

• TFSA versus RRSP

• Salary versus dividend compensation

• Division of assets in a tax deferred manner (so called Butterfly transactions)

• Family Trusts

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Let us take the guesswork away and develop a tax planning strategy for you.

In the simplest of terms, bookkeeping is responsible for the recording of financial transactions whereas accounting is responsible for interpreting, classifying, analyzing, reporting, and summarizing the financial data. Bookkeeping and accounting may appear to be the same to an untrained eye.