The Case of Coming to Canada

A European technology company was trying to bring its product to Canada and begin to do business here. However, its initial efforts to gain a foothold in Canada were frustrated by a lack of familiarity with the Canadian corporate and tax environment and by external accountants who did not provide satisfactory service.

A Toronto-based international law firm referred Scarrow Yurman & Co to the client. We communicated extensively with CRA on the company’s behalf to assist with changing year-end dates, filing stub-year tax returns, and advising on the amalgamation of certain dormant entities where tax losses could be preserved and used at a later date.

By diligently communicating with management, we also unearthed and resolved several other tricky issues: previously-unfiled and long-overdue HST returns, missing and uncashed HST refund cheques, inconsistencies in name changes for corporate entities, and outdated mailing addresses resulting in CRA correspondences not being received.

Scarrow Yurman & Co helped bring the client up to speed on the fundamental Canadian tax compliance requirements, and cleaned up the client’s financial information so that they can confidently go forward with a fresh start. Happily our client is now successfully introducing their software solution into the Canadian institutional marketplace.

Business Advisory Services

Taxation Services

“I feel privileged to be a client of Scarrow Yurman & Co and to have been able to follow the company's growth over the years. You have maintained that special relationship where the client is not just a number”
From: Maggie Barron,
“The experience of Scarrow Yurman & Co has much exceeded my expectations. Since I started my business forty years ago, I have never before encountered such a level of excellence. Mark Scarrow and Milla Yurman did such an in depth and professional job during my CRA audit, that in the end my company received a substantial refund. I could not be more pleased with Scarrow Yurman & Co and their obvious expertise and hard work.”
From: Andy Malcolm,
President
Footsteps Post-Production Sound Inc.
“Competent, thorough and always takes the time to listen. As a small business owner Scarrow Yurman & Co Professional Corporation gives Visions Display Inc. the confidence to be competitive in today's marketplace.”
From: Jo-Ann M. Craigie,
President
Visions Display Inc.
“Having experienced 15 years of high quality and insightful tax advisory and tax preparation services combined with exceptional levels of customer service I can offer my unqualified recommendation of Scarrow Yurman & Co. As an entrepreneur my many business interests have been diversified often covering multiple industries and jurisdictions and Scarrow Yurman & Co have been able to bring the right resources and skill sets into play at exactly the right times.”
From: Paul Hyde,
Managing Director and Senior Managing Partner
Litchfield Capital Advisors
“For 25 years, Scarrow Yurman & Co have taken care of our corporate and personal tax and accounting needs. Always helpful, patient, professional and most importantly always there at the other end of the phone. They are my life line.”
From: Barb Reid,
Office Administrator
V.A. Reid & Sons Limited
“We started our relationship with Scarrow Yurman & Co in early 2013. They have listened to our needs, efficiently interacted with our finance team and filed our Year End and SR&ED in record time! We look forward to a strong partnership in the years ahead!”
From: Cheryl Niemuller,
President
Kingfisher International Inc.
“As a medical practitioner with a busy practice, I have neither the time nor ability to understand and implement the tax rules, and especially understand those few that may benefit me. Scarrow Yurman and particularly Milla Yurman, have consistently provided me calm, professional advice regarding my tax preparation and even more importantly, tax planning. Having experienced other firms,who charged more and provided far less, I am extremely grateful that I found Milla Yurman. Her advice and assistance regarding taxes and financial planning has calmed many nerves and given me invaluable advice. Thank you!”
From: Dr. Terry Smith,
M.D.
“Highly professional, knowledgeable and responsive.”
From: George A. Bassin,
Partner
Gardiner Roberts LLP
“For over twenty years, Scarrow Yurman & Co have served as accountants for me and my company. It has been a pleasure dealing with a firm which is honest and thorough; I depend a great deal on their knowledge.”
From: Elspeth King Woods,
President
King-Woods Investments Limited
“We feel Scarrow Yurman & Co are part of our team—there is no “them and us.” We aren’t frightened to ask them for advice. We know we need guidance from “bean-counters” and Scarrow Yurman & Co has helped us immensely.”
From: Philip Nutt,
Creative Founder
Wenco International Consultants Inc.
“Upon returning to Canada after 15 years abroad and repatriating my offshore portfolio, a visit to an accountant seemed like a rather daunting exercise. MD Management referred me to Scarrow Yurman & Co and I couldn't have been more pleased. Thanks Mila, your expertise and thoroughness along with a fast and efficient service afforded me the peace of mind I was looking for in an accountant.”
From: Dr.David G.Smith,
M.D.
FRCS(C)
“For over fifteen years, Scarrow Yurman & Co have been providing professional service and thoughtful advice, meeting the accounting needs of both our growing family and a burgeoning graphic design business. Financial lives expand and change over time. Mark Scarrow and his team (in particular, Janet Hayes) pay close attention and guide accordingly. We trust them and we recommend them.”
From: Ian Brignell and Catherine O'Toole,
Ian Brignell Lettering Design
“We are very pleased with the business relationship we share with Scarrow Yurman & Co. We have found their service to be dependable, friendly and open over our 10 year relationship. I would highly recommend their services.”
From: Doug Leaver,
VP of Operations
Spectrodata Communications Inc.
“I've worked with Scarrow Yurman & Co for over 15 years on my personal and family tax returns and have always been very pleased with their service and advice. They are highly organized, efficient, responsive and always a pleasure to work with.”
From: Michael Beairsto,
Partner
National Law Firm, Toronto, Ontario
“Scarrow Yurman & Co have been our financial advisors and accountants for the past 8 years. They have done a superb job of helping MI9 manage our growth from a small; Toronto based startup, to a $10 million software business, with an international customer base. Many thanks to Mark and his team for their great contribution to our success.”
From: Mike Burge,
President and CEO
MI9 Business Intelligence Systems Inc.
“Our experience with Scarrow Yurman & Co has been outstanding. Their attention to detail and professionalism in dealing with their client is second to none. I would recommend them anytime to any business needing their services.”
From: John J. Blair,
President & CEO
Blair Technology Solutions Inc.
“Scarrow Yurman & Co are the accounting firm for both our companies; Keating Technologies Inc. and No Panic Computing Inc. Mark leads a team that deftly navigates the complexity of our multi-jurisdictional tax responsibility and strategy, with an eye to sound corporate governance and good old-fashioned business advice. We have been very pleased with the value of their services, and with the trust and professionalism they have built into our relationship.”
From: James Woolley,
VP Finance and Administration
Keating Technologies Inc. and No Panic Computing Inc.
“Scarrow Yurman & Co have always been a great resource and support for our business. We have grown exponentially over the last 9 years ~ the advice and work produced by Scarrow Yurman & Co has been invaluable.”
From: Katherine Wright, CMP,
President
The Wright Solution Event Management Inc.
“We have been dealing with Scarrow Yurman & Co for both full audits and Review Engagements since 1993. Our company has gone through many changes during that time, and we have always been able to rely and trust their recommendations and advice. Scarrow Yurman & Co have consistently dealt with us in a very professional and proficient manner.”
From: Marco Studer,
VP Finance
Independent Corrugator Inc.
“Knowledgeable, available and professional, that's why I'm an SY&C client.”
From: Andrew Sanderson,
President
34 Developments Ltd.
“Mr. Scarrow has been my accountant for over 30 years. His advice and counsel have been invaluable both professionally and personally.”
From: Dr. W. A. Guest,
M.D.
FRCPC
“We were introduced to Scarrow Yurman & Co through our financial planner nine years ago and have been very pleased with the level of service and knowledge we've received. Jon Berghout has been invaluable in advising us on tax rebates and benefits for our family and business. Always quick to respond to our questions, Jon is an absolute pleasure to work with.”
From: Susan Taylor and Harry Wttewaall,
“We love Milla.... she is the best!!!”
From: Robin Bain,
“For more than a decade, Scarrow Yurman & Co has provided my husband and I with outstanding professional advice and cheerful roll-up-the-sleeves administrative support to help us with all of our tax needs. Scarrow Yurman & Co has provided service that is superior to that of all other accountants we have used.”
From: Mary Picard,
Partner
National Law Firm
“For 22 years Scarrow Yurman & Co has provided effective, responsive and timely advice and guidance on tax, accounting and software matters to my small ($5 million) retail business. All interactions with Scarrow Yurman & Co by my staff and me have been comfortable and satisfying. I would highly recommend the firm to anyone.”
From: Drew Kerr,
President
Thorsquare Cards Inc.
“An indispensable and trusted partner.”
From: Peter Goodman,
President & CEO
Solar Power Network
“I have had the pleasure of working with Scarrow Yurman & Co over the past 20 years and have always found them to be engaging, intelligent, sensible, thorough and trust-worthy in their dealings with others. They demonstrate exceptional competence and skill as professionals and it is a pleasure to recommend SY&C to anyone considering them as a service provider.”
From: James Knowlton,
President
Luminance Inc.
“Scarrow Yurman & Co have been providing trusted and valued advice to my family and businesses for over 15 years. Services have always been rendered with integrity on a timely basis and I have recommended them without reservation to my clients.”
From: Damir Vrancic,
Owner
Damir Vrancic, LL. B., Aurora, Ontario