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.
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.
- Tax planning and compliance
- Research & development, government incentives Research & development, government incentives
- Indirect tax Indirect tax
- US corporate tax
- Cross-border personal tax Cross-border personal tax
- Transfer pricing
- Succession & estate planning
- Tax Reporting & Advisory
Navigating complex customs and cross-border issues for your business
The customs and global trade landscape is complex and keeping up with everchanging regulations and requirements can be challenging. Our experienced advisors can support your business with cross-border trade by gaining a full understanding of your objectives and guiding you through important considerations.
We understand the many challenges that your business may face with customs and global trade, such as complying with the Canada Border Service Agency’s (CBSA) rules and regulations, navigating supply chains, managing costs, and understanding tariff classifications. We’re here to help.
We’ve got you covered
Customs audit support – Our customs and global trade advisors can help your business navigate a CBSA audit. If your company is under a trade compliance verification, we can guide you through the process to provide the best possible outcome for your business.
Supply chain planning – We’re here to help you proactively manage costs, understand restrictions, and mitigate risk in the planning stages of your trade transactions. Our experienced advisors can support your supply chain strategy to help minimize unexpected challenges when you’re preparing to receive your goods, so you can focus your attention on sourcing and other important parts of your business.
Harmonized tariff system classification – Our team can help your business avoid duty overpayment or penalties by advising on the correct classification of goods and how sourcing from different locations could affect your bottom line. We’re available to help you navigate the Harmonized Tariff System, (HTS) as well as the rules and regulations from varying jurisdictions so that you can be confident when declaring the correct classifications to the respective customs authorities.
Free trade agreement qualification – Our advisors have the experience to understand how the frequent changes to Canada’s Free Trade Agreements could affect your business transactions. We’re able to analyze and qualify existing goods or provide you with a roadmap to help ensure your goods qualify before manufacture.
Customs valuation – Nuances in customs valuation legislation are not always intuitive, and how you determine the value of goods for duty can vary depending on the structure of your transaction. If you work with a cross-border partner, including a related party, our team can support you in managing risk.
Export controls – Growing your business is exciting but navigating export controls can be complex. We can guide you through the regulations so you can plan ahead and manage your expectations early.
Duty deferral and recovery programs – Our experienced advisors can explore the programs available to determine if you qualify for duty deferral or duty recovery. Whether you’re looking to leverage existing programs, or apply for duty deferral specific to your situation, we’re here for you and your business.
Personal imports – Whether you’re looking to make a large purchase abroad, move your household to Canada, or bring gifts across the border, our team can help you understand the CBSA’s approach to personal transactions and navigate complex customs regulations.
Integrated services – Our collaborative tax advisors provide well-rounded and thorough advice specific to your unique situation. The depth and breadth of experience in our team spans everything from transfer pricing, tax planning, indirect taxes, international taxes, and beyond.
Please reach out to your Grant Thornton advisor if you’d like to learn more or contact us here.
Senior Manager, TaxView profile