Taxation at Magnus & Buffie Chartered Accountants

By: Magnus & Buffie  09-12-2011


Corporate T2 Compliance

Tax Planning

Our tax practice takes pride in being at the leading edge of tax planning matters. As a result, it is common for other local CA firms to engage our firm to provide them with specific taxation support on a transactional basis.

Our tax planning practice includes:      

  • Business succession planning and structure
  • Provincial and federal commodity tax planning and compliance
  • Corporate tax planning
  • Estates and Trusts
  • Individual tax planning
  • Mergers, acquisitions and divestiture taxation issues

Many significant tax planning opportunities require long-term pre-planning and non-routine corporate structures.  To ensure that all of our clients’ long-term taxation planning opportunities are fully exploited, our Partners receive a monthly update from our Partner in charge of tax.  The update covers any new taxation opportunities and a review of clients to which the opportunities may apply.

Federal and Provincial Taxes (Commodity Taxes)

Many of our clients operate in multiple tax jurisdictions including various Canadian provinces and US states.  The local taxes (including Provincial, State, GST, Payroll and Capital taxes) can be complex and unintentional errors can result in unexpected liabilities.  M&B has the knowledge and resources to assist you in understanding the application of the various tax laws to your operations to reduce the risk of error or omissions.

U.S. and International

Cross-border interest of Canadian companies continues to grow at a rapid rate.  Many of our clients have subsidiaries or permanent establishments in the U.S.  Our tax department has a reciprocal working relationship with a well established Certified Public Accountant firm based in North Dakota that we work closely with to assist with our clients’ US compliance filling.

Our firm specializes in establishing the appropriate Canadian/US corporate structure that is most appropriate in the circumstances. Inappropriate cross-border corporate structures can result in significant unintentional tax incidence.

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Services at Magnus & Buffie Chartered Accountants

While all of our partners have general knowledge of each area, to assure that our services are of the highest quality, certain business areas services are monitored by the partner with the specific knowledge, while working closely with the partner in charge of the client. In order to serve our clients financial needs, M&B has developed expertise in a wide range of business areas.


Assurance at Magnus & Buffie Chartered Accountants

The mission and responsibility of CPAB is to contribute to public confidence in the integrity of financial reporting of reporting issuers by promoting high quality independent auditing. Given that the assurance procedures performed in a review engagement are less extensive than an audit, a review engagement is generally less expensive than an audit.


Estate Planning at Magnus & Buffie Chartered Accountants

We identify estate planning opportunities and lead you and your other advisors through the complex process of getting your long-term financial affairs in order. Effective estate planning will ensure that your assets are transferred to your designated beneficiaries incurring the minimum tax incidence. Effective estate planning facilitates the orderly and tax effective transfer of assets to your intended beneficiaries.


Transaction Support at Magnus & Buffie Chartered Accountants

Assistance in preparing and finalizing the purchase and sale agreements. Assistance relating to financing of transaction. Tax review and tax due diligence.