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.
Everyone experiences stress at some point or another. In fact, 27 percent of Canadian workers report being “highly stressed” on a day-to-day basis, while an additional 46 percent report feeling “a bit” stressed . And the source of this stress will likely come as no surprise. For 62 percent of Canadians, the culprit is—you guessed it—work.
Because stress is such a common experience, it can be tempting for employees and employers alike to simply live with it—without taking real action to manage it. The thing is, without measures in place to proactively address workplace stress, it can quickly escalate—leading to mental health issues such as burn-out, anxiety and depression.
So how do you properly manage workplace stress? The key is to clearly identify and understand it, and develop a plan to cope with it ahead of time. Rather than simply blaming “work” for your sleepless nights, this type of approach will allow you to dig deeper, pinpoint the exact aspect of work that’s stressing you out and address it before it becomes a problem.
To put this type of plan into action, it’s essential to take time to reconnect with your values and examine your response to stress. Here, we explore a couple ways how.
Reconnect with your values
What do you value above all else? Your personal integrity and authenticity? Your interpersonal relationships? Your creative endeavours outside work?
Whatever your top values are, it’s important to identify them—and revisit them any time you feel stressed. This is because, too often, stress at work (and at home) stems from these values being challenged.
For example, if deadlines are an ongoing issue for you, that may be because you value both timeliness and attention to detail. In this case, a deadline is the catalyst, your inability to achieve your ideal quality of work while also being timely is the true root of your stress. In this scenario, your values are in conflict because you feel you’ll have to make a sacrifice in one area to succeed in another. You either miss the deadline to submit high-quality work, or meet the deadline but know you could have written a better report.
Being aware of your values can help you create an action plan to find balance again—either by, say, asking for more time to complete a project at the outset, or giving yourself permission to submit a report that’s “good enough”.
Reassess your ability to cope
Everyone copes with change—and the stress that comes with it—differently. Think about it. If your company suddenly decided to implement new software, some people would approach the stress of learning a new program with excitement as it would allow them to streamline their workflow and simplify their lives.
Many others, on the other hand, might be overwhelmed by the demands of learning a new technology. Perhaps technology isn’t their strength, or their job is more demanding and they simply don’t have time to learn the new program. This latter group may find it difficult to cope in this situation—which, inevitably, will lead to increased stress. In this type of scenario, it’s beneficial to take a step back, identify the existing beliefs that are making it difficult to cope and challenge them.
For instance, if this situation causes you stress because you think you’re not a tech person, perhaps you can remind yourself of a time you broke out of your comfort zone to master a new skill. If you’re too busy, re-evaluate your schedule to see if you can reprioritize some of your tasks. Often, many things on our to-do lists can be pushed back or delegated. Lastly, if in doubt, ask for support. Maybe one of your colleagues can explain the new software to you in a way you’ll understand
The bottom line? You’re likely more resilient and capable than you know.
A team effort
Workplace stress can be alleviated—but it requires the cooperation of employers, managers, supervisors and employees to make it happen. While employees will benefit from reconnecting with their personal values and enhancing their ability to cope with stress as it arises, employers and managers can help by keeping their team’s values, strengths and support requirements top-of-mind.
By identifying areas where employees may need support, employers, managers and supervisors can take a proactive approach to workplace stress—either by connecting employees with complementary skills, supporting them during busy seasons or equipping them with the tools they need to embrace impending change.
Whether this is done informally or through a mentorship or peer support program, the key is to acknowledge that workplace stress won’t go away on its own. To create a workforce that’s healthy, happy and fulfilled, everyone must play their part.