services

At J.M.H. Adams Professional Corporation we understand that every client has unique circumstances and that one approach does not adequately meet the needs of each client. We strive to understand your goals, situations and concerns so that we provide the best advice for you and your circumstances.

 
 

ACCOUNTING SERVICES

Providing financial information to our clients in a timely and accurate manner is a commitment that we feel cannot be compromised. We believe it is important to go over our results with you so that we can communicate possible areas of improvement so you can make informed decisions for your business.

Financial Statement Preparation

  • Compilations (Compilation report)

  • Reviews (Review Engagement Report)

  • Audits (Audit Engagement report)

Financial statements are reviewed in detail in a meeting of the shareholders where tax implications and recommendations are discussed along with constructive solutions for maximizing your company’s profitability and efficiency.

Bookkeeping services and/or bookkeeping training

GST, HST, or PST preparationT4 preparation for employment income for you and your employees

T5 preparation for dividend income 

WCB Annual returns

TAXATION

  • T2 Corporate Tax Preparation  

  • Client support regarding reviews/ audit issues with Canada Revenue Agency

  • Preparation and filing of corporate income tax return

  • Planning to ensure corporate income taxes are minimized.

  • T3 Trust Income Tax Preparation

  • Preparation of Estate tax returns with the goal to minimize the income taxes that the Estate has to pay.

  • Preparation and filing of trust income tax returns for family trusts.

  • T1 Personal Tax Preparation

  • T1 Adjustment Requests

  • Client support regarding reviews/audit issues with Canada Revenue Agency

  • Preparation and filing of personal T1 income tax returns.


CORPORATE FINANCIAL PLANNING

  • Tax estimates for the current or future years

  • Determining the best form of compensation for you: Wages vs Dividends

  • Lease vs purchase analysis

  • Determining whether the company should own the business vehicle or pay a kilometre reimbursement

  • Tax planning, including advice on various income splitting techniques and investment products to reduce tax

  • Investment analysis and recommendations

  • Advice on insurance strategies - permanent insurance  and - critical illness insurance

AGRICULTURE SERVICES

  • AgriStability preparation and filing for individuals and corporations

  • Agrilnvest preparation and filing for individuals and corporations

  • Advice on Leasing Farm Equipment and on Land leasing arrangements

  • Farm Partnerships and Joint Venture arrangements

  • Advice on other agriculture programs

 

ESTATE AND CORPORATE STRUCTURE PLANNING

  • Establishing a Holding Company for Estate Planning or Creditor Proofing

  • Corporate Reorganizations for Bringing in a New Owner or Dividing operations into separate entities

  • Estate Planning including allocation of assets amongst children and the advantages of Life Insurance

  • Advising on what assets should be or should not be in the Company

  •  Planning to ensure your personal Capital Gains Exemption is used (when applicable) 

  • Structure business to provide retirement income

  • Reviewing your will to ensure it is properly executing your wishes