Financial reporting and accounting advisory services
You trust your external auditor to deliver not only a high-quality, independent audit of your financial statements but to provide a range of support, including assessing material risks, evaluating internal controls and raising awareness around new and amended accounting standards.
Accounting Standards for Private Enterprises
Get the clear financial picture you need with the accounting standards team at Grant Thornton LLP. Our experts have extensive experience with private enterprises of all sizes in all industries, an in-depth knowledge of today’s accounting standards, and are directly involved in the standard-setting process.
International Financial Reporting Standards
Whether you are already using IFRS or considering a transition to this global framework, Grant Thornton LLP’s accounting standards team is here to help.
Accounting Standards for Not-for-Profit Organizations
From small, community organizations to large, national charities, you can count on Grant Thornton LLP’s accounting standards team for in-depth knowledge and trusted advice.
Public Sector Accounting Standards
Working for a public-sector organization comes with a unique set of requirements for accounting and financial reporting. Grant Thornton LLP’s accounting standards team has the practical, public-sector experience and in-depth knowledge you need.
Tax planning and compliance
Whether you are a private or public organization, your goal is to manage the critical aspects of tax compliance, and achieve the most effective results. At Grant Thornton, we focus on delivering relevant advice, and providing an integrated planning approach to help you fulfill compliance obligations.
Research & development, government incentives
Are you developing innovative processes or products, undertaking experimentation or solving technological problems? If so, you may qualify to claim SR&ED tax credits. This Canadian federal government initiative is designed to encourage and support innovation in Canada. Our R&D professionals are a highly-trained, diverse team of practitioners that are engineers, scientists and specialized accountants.
Keeping track of changes and developments in GST/HST, Quebec sales tax and other provincial sales taxes across Canada, can be a full-time job. The consequences for failing to adequately manage your organization’s sales tax obligations can be significant - from assessments, to forgone recoveries and cash flow implications, to customer or reputational risk.
US corporate tax
The United States has a very complex and regulated tax environment, that may undergo significant changes. Cross-border tax issues could become even more challenging for Canadian businesses looking for growth and prosperity in the biggest economy in the world.
Cross-border personal tax
In an increasingly flexible world, moving across the border may be more viable for Canadians and Americans; however, relocating may also have complex tax implications.
While there is great opportunity for businesses looking to expand globally, organizations are under increasing tax scrutiny. Regardless of your company’s size and level of international involvement—whether you’re working abroad, investing, buying and selling, borrowing or manufacturing—doing business beyond Canada’s borders comes with its fair share of tax risks.
Transfer pricing is a complex area of corporate taxation that is concerned with the intra-group pricing of goods, services, intangibles, and financial instruments. Transfer pricing has become a critical governance issue for companies, tax authorities and policy makers, and represents a principal risk area for multinationals.
Succession & estate planning
Like many private business owners today, you’ve spent your career building and running your business successfully. Now you’re faced with deciding on a successor—a successor who may or may not want your direct involvement and share your vision.
Tax Reporting & Advisory
The financial and tax reporting obligations of public markets and global tax authorities take significant resources and investment to manage. This requires calculating global tax provision estimates under US GAAP, IFRS, and other frameworks, and reconciling this reporting with tax compliance obligations.
Our transactions group takes a client-centric, integrated approach, focused on helping you make and implement the best financial strategies. We offer meaningful, actionable and holistic advice to allow you to create value, manage risks and seize opportunities. It’s what we do best: help great organizations like yours grow and thrive.
We bring a wide range of services to both individuals and businesses – including shareholders, executives, directors, lenders, creditors and other advisors who are dealing with a corporation experiencing financial challenges.
Market-driven expertise in investigation, dispute resolution and digital forensics
Viruses. Phishing. Malware infections. Malpractice by employees. Espionage. Data ransom and theft. Fraud. Cybercrime is now a leading risk to all businesses.
Running a business is challenging and you need advice you can rely on at anytime you need it. Our team dives deep into your issues, looking holistically at your organization to understand your people, processes, and systems needs at the root of your pain points. The intersection of these three things is critical to develop the solutions you need today.
Updates for creditors, limited partners, investors and shareholders.
ASPE Sec. 3041 Agriculture Understanding and applying the new ASPE Section 3041 AgricultureThe Canadian Accounting Standards Board (AcSB) has released new guidance on recognizing, measuring and disclosing biological assets and the harvested products of bio assets.
Tax alert Agricultural Clean Technology ProgramThe Agricultural Clean Technology Program will provide financial assistance to farmers and agri-businesses to help them reduce greenhouse gas (GHG) emissions.
Tax alert ACT Program – Research and Innovation Stream explainedThe ACT Research and Innovation Stream provides financial support to organizations engaged in pre-market innovation.
Tax alert ACT Program – Adoption Stream explainedThe ACT Adoption Stream provides non-repayable funding to help farmers and agri-business with the purchase and installation of clean technologies.
Builders And Developers
Every real estate project starts with a vision. We help builders and developers solidify that vision, transform it into reality, and create value.
Rental Property Owners And Occupiers
In today’s economic climate, it’s more important than ever to have a strong advisory partner on your side.
Real Estate Service Providers
Your company plays a key role in the success of landlords, investors and owners, but who is doing the same for you?
There’s no business quite like mining. It’s volatile, risky and complex – but the potential pay-off is huge. You’re not afraid of a challenge: the key is finding the right balance between risk and reward. Whether you’re a junior prospector, a senior producer, or somewhere in between, we’ll work with you to explore, discover and extract value at every stage of the mining process.
Oil & gas
The oil and gas industry is facing many complex challenges, beyond the price of oil. These include environmental issues, access to markets, growing competition from alternative energy sources and international markets, and a rapidly changing regulatory landscape, to name but a few.
For over a century, March 8 has been a date of great significance in the quest toward gender parity. It’s on this day, International Women’s Day (IWD), that individuals, groups, businesses and governments across the world celebrate the social, economic, cultural and political achievements of women—and renew their commitment to facilitate gender equality in the workplace and beyond.
You can learn more about International Women’s Day—and what you can do to #PressForProgress here.
Diversity and inclusion in the workplace: Canada and beyond
Survey results outlined in the recent Grant Thornton report, Women in Business: Beyond policy to progress, reveal that while the global percentage of businesses with at least one woman in senior management rose from 66% in 2017 to 75% in 2018, the proportion of senior roles held by women marginally declined from 25% to 24%.
These results are more than likely due to a desire to meet diversity benchmarks—rather than a lack of gender equality policies in the workplace. In fact, according to survey respondents, most businesses have countless policies in place—including equal pay (81%), non-discrimination for recruitment (71%) and paid parental leave (59%)—but they’re simply not generating results.
The report suggests the best way for business leaders to overcome gender disparity is to set a strong tone from the top. This involves taking steps to:
Our report, Women in Business: Beyond policy to progress, explores the topic of gender parity in greater detail and offers suggestions for achieving this goal.
Press for Progress
The Report on Doing Business in Canada
The report shows that many business owners are in support of gender parity, as 57% of business leaders agree that employing women fundamentally improves the success of a business. Now more than ever, the need for efforts from both businesses and governments is evident, especially as the 2018 Federal Budget outlines plans to invest in pay equity legislation, support for women-led businesses and more. This report, based on the feedback of business leaders across Canada, delves into issues facing business in Canada today, and how government decisions have impacted the core of Canada’s economy.
Leading Inclusively at Grant Thornton
At Grant Thornton, our Leading Inclusively commitment embraces the ways inclusivity contributes to client relationships, brand pride, corporate performance and the overall well-being of our people.
It starts with our Leading Inclusively Leadership Council, comprised of our Chair, Chief Executive Officer, Chief People & Culture Officer and regional leadership partners, who work to ensure this vision is embedded everything we do as a firm.
In addition, we have also appointed Inclusiveness Partners in each of our business units. They work very closely with our managing partners and local Leading Inclusively committees, all of whom bring a real passion to championing and driving the firm's commitment at the local level, in particular through our approach to attracting, developing and engaging our talent and creating opportunities for learning and open dialogue.
Our Leading Inclusively Leadership Council and Inclusiveness Partners’ efforts increase awareness, drive action, and contribute to creating a culture of inclusion across our firm. This is evidenced by our Great Place to Work – 2017 Best Workplace survey results and feedback including statements such as:
- here, we have opportunities for everyone
- we have a very strong inclusive culture
- shared leadership is an important aspect of our culture
- we’re diverse and yet united
- our culture, it can’t be described but it’s our secret sauce.
- we are supported with our workplace Flex-Ability mindset
Thanks to these efforts, Grant Thornton was proudly named one of the 2018 Best Workplaces for Inclusion in Canada, as well as the 2017 Best Workplaces for Women in Canada.