Services

Services Overview

See the whole picture and strategically move forward with the business advisors at Grant Thornton. We’re focused on helping you thrive.

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Audit & Assurance

Team up with advisors who look beyond the audit itself to create value for your business and stakeholders.

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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

Let us provide you with the insightful and strategic advice needed to navigate the rapidly changing tax landscape.

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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 and development and 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.
Indirect tax
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.
International tax
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
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.

Related insights:

Tax alert Will you or your trust be affected by changes to the alternative minimum tax?

Recent changes to AMT rules, introduced in Federal Budget 2023, would result in certain high-income taxpayers paying more taxes, but fewer middle-income taxpayers being subject to the regime.

7 min read | 23 Apr 2024

Advisory

A differentiated approach relevant to the unique opportunities and challenges you are faced with today.

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Transactions
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.
Restructuring
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.
Forensics
Market-driven expertise in investigation, dispute resolution and digital forensics
Consulting
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.
Creditor updates
Updates for creditors, limited partners, investors and shareholders.

Related insights:

Modern Slavery Act Modern Slavery Act: Prepare your business for upcoming reporting requirements

Certain Canadian entities must examine their supply chain and prepare for new reporting obligations to comply with new rules under the Modern Slavery Act.

6 min read | 11 Mar 2024

Risk

Running an organization is an ongoing exercise in confronting risk, whether strategic, financial, operational, regulatory or technological.

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Governance, risk and compliance
Effective, risk management—including governance and regulatory compliance—can lead to tangible, long-term business improvements. And be a source of significant competitive advantage.
Internal audit
Organizations thrive when they are constantly innovating, improving or creating new services and products and envisioning new markets and growth opportunities.
Certification – SOX
The corporate governance landscape is challenging at the best of times for public companies and their subsidiaries in Canada, the United States and around the world.
Third party assurance
Naturally, clients and stakeholders want reassurance that there are appropriate controls and safeguards over the data and processes being used to service their business. It’s critical.

Cloud Accounting

By automating standard administrative and accounting work, cloud accounting with Grant Thornton can free up your time to concentrate on more important work...

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Indigenous Services

Legacy is not only about honouring the past—it’s also about looking forward and continuing to build upon those values, traditions, and achievements to create...

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Environmental, social, and governance (ESG) and sustainability

Our team is made up of multi-disciplinary, dedicated advisors that can assist your business with a range of ESG considerations, including strategy development,...

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Family Business Services

Our experienced Family Enterprise Advisors (FEAs) can help establish harmony among all stakeholders in your family business by maintaining a neutral position...

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Industries

Agriculture

Farming is a lifestyle and a legacy. It’s the heartbeat of your family and the backbone of our communities. Success grows from hard work, patience and...

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Related insights:

ASPE Sec. 3041 Agriculture Understanding and applying the new ASPE Section 3041 Agriculture
The Canadian Accounting Standards Board (AcSB) has released new guidance on recognizing, measuring and disclosing biological assets and the harvested products of bio assets.

16 Feb 2022
Tax alert Agricultural Clean Technology Program
The Agricultural Clean Technology Program will provide financial assistance to farmers and agri-businesses to help them reduce greenhouse gas (GHG) emissions.

17 Jun 2021
Tax alert ACT Program – Research and Innovation Stream explained
The ACT Research and Innovation Stream provides financial support to organizations engaged in pre-market innovation.

17 Jun 2021
Tax alert ACT Program – Adoption Stream explained
The ACT Adoption Stream provides non-repayable funding to help farmers and agri-business with the purchase and installation of clean technologies.

17 Jun 2021

Cannabis

Whatever your goal, the experts at Grant Thornton are ready to work with you to map out a plan for success. As members of the Global Cannabis Partnership...

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Charities & not-for-profit

Here’s to the change-makers, the believers and the community-builders. Charities and not-for-profit organizations truly stand apart from the crowd. In today’s...

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Real Estate And Construction

In the world of real estate and construction, timing is everything. From acquisition to exit—and every point in between—you need high-quality information and...

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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?

Related insights:

REAL ESTATE AND CONSTRUCTION 2024 Real estate market summary: seeking optimism in uncertainty

Looking back, the theme for 2023 in the real estate industry was one of caution as investors and real estate owners braced for the effects of rising interest and inflation rates to stabilize.

1 min read | 08 Mar 2024

Energy and natural resources

It’s not business as usual within the energy and natural resources sectors. Change has become constant and disruptive, in part a result of consolidation and...

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Mining
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.

Financial Services

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Manufacturing & distribution

Canadian manufacturers seeking to grow their businesses must address common issues, including limited access to finance, high raw material costs, inflexible...

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Private equity

To acquire high-quality assets in today’s unprecedented competitive global market, private equity firms and their portfolio companies must be increasingly...

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Professional services

Professional services firms face a dual challenge: anticipating and managing change not only for your clients, but also for your business. In today’s...

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Public companies

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Private business

Your hard work has taken your business where it is today. Having a clear vision, a strong team and a solid plan are all key to your continued success....

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Public sector

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Power & Utilities

At Grant Thornton, we have the real-world experience and knowledge that can help you in considering all of your strategic alternatives. Whether it be managing...

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Is your business prepared to thrive in uncertain times?

In times of uncertainty, it can feel like there’s a challenge around every corner.

Now is the time to review your business’ position and risk tolerance so that you can get a clear-headed picture of today and determine what steps to take to achieve success in the future.

Our assessment can help you discover where your business is and help unlock your thinking about where you want it to be. Once you’re done, tally up your results and check to see which category you fall under.

1. How are your profit margins trending?

A. Increasing
B. Holding steady
C. Decreasing
D. We’re seeing losses right now

2. Do you have adequate cash flow to cover your operating expenses for the next six months?

A. Yes, we have ample cash flow
B. Yes, but we worry about the longer term
C. Cash flow is decreasing, but are still profitable
D. Cash flow is decreasing and we’re seeing losses

3. How have higher interest rates impacted your lending arrangements?

A. No impact
B. Minimal impact
C. Moderate impact
D. Significant impact

4. What are your current growth plans?

A. We’re looking to grow
B. We aren’t actively looking to expand, but may be interested if the right opportunity arises
C. We’re not planning any significant expansions, acquisitions or investments at present
D. Current conditions have significantly affected our ability to operate and we are operating in the red

5. Do you have the right talent to meet current needs and deliver against future objectives and challenges?

A. Yes
B. No, and we have a plan in place
C. No, and we don’t have a plan in place
D. Unsure

6. Do you have a plan in place to manage organizational risks, such as fraud, cyber or financial risks?

A. Yes, we have a comprehensive risk management plan
B. Yes, but the plan could use a refresh now that conditions have changed
C. No, but we’re in the process of developing a plan
D. No

7. How optimistic are you that your business is prepared to meet current challenges and take advantage of future opportunities?

A. Optimistic
B. Neutral
C. Not optimistic
D. Unsure

Results

If you answered mostly A...

Your business likely has strong financials, cash on hand, strategic vision and, the right team to drive your business forward. Overall, this may put you in a position to take advantage of current conditions to enhance your competitive advantage. While not immune to the impacts of volatility, businesses in the fast lane could have a greater appetite to take on high-risk, high-reward opportunities.

Start preparing for your next big move with insights from Grant Thornton:

If you answered mostly B...

Your financials are good, and you may have cash on hand, but don't want to make any big changes until the economic climate settles. Your preference is to proceed cautiously so you can be sure about your next move. Although your risk appetite may be low, that doesn’t mean you’re not willing to make moves that will make your business more resilient to consolidate your position in the market.

Figure out what your next step can be with insights from Grant Thornton:

If you answered mostly C...

You might know you need to adapt to change but haven't yet figured out exactly how you’re going to do it. You have many options, each of which have their own pros and cons. There are many dangers for businesses at a crossroad—from failing to anticipate evolving customer needs to losing a competitive edge—but the greatest danger is not understanding that the status quo may not be sustainable.

Figure out what paths are open to you with insights from Grant Thornton:

If you answered mostly D...

You're feeling the pinch of economic pressures and may not know how to turn things around. You need a strategy to overcome these challenges and advice on how to execute once your direction is set. Businesses in this position should be open to transforming the fundamentals to help the business operate more effectively in the current market.

Take control of your approach to uncertainty with insights from Grant Thornton:

_Disclaimer

_{The information contained herein is prepared by Grant Thornton LLP for information only and is not intended to be either a complete description of any issue or the opinion of our firm. You should consult your Grant Thornton LLP advisor to obtain additional details and to discuss whether the information provided here applies to your specific situation.}

Is your business prepared to thrive in uncertain times?

In times of uncertainty, it can feel like there’s a challenge around every corner.

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