Taxation Services

Everyone wants to minimize the taxes they pay.

Corporate tax services

That’s why we typically prepare the corporate tax returns along with a year-end financial statement engagement. We want to be sure that you:

  • take advantage of any allowable deductions
  • avoid any penalties for late filing
  • minimize interest charges from the Canada Revenue Agency (CRA)
  • ensure that the taxable income is determined correctly

There are many differences between the accounting income showing on your financial statements and the taxable income on your tax return that affects the taxes owing. We electronically file all corporate tax returns to speed up processing when you are owed a tax refund. We encourage you to take advantage of corporate direct deposit to improve the security surrounding tax refunds.

Personal tax services

Almost all of the shareholders of our corporate clients are personal tax clients too. We also prepare personal tax returns for self-employed professionals in many lines of work, executives with complex tax filing requirements, all client family members, and other individuals who have special tax filing needs.

It is important that we prepare the tax returns for the whole family so that all the available credits and tax incentives can be maximized. If you call us with a question our technology allows us to retrieve information on your tax file easily and immediately—including access to all your tax reporting slips and other supporting documents you sent to us.

When possible, we e-file personal tax returns to speed up your tax refund. We encourage you to have us enroll you for direct deposit so that CRA refund cheques are deposited directly into your bank account. This improves security and provides faster access to the funds!

Advocating for clients with Canada Revenue Agency (CRA)

At some point CRA may come knocking—looking for back-up information to support your personal or corporate tax filing position. This can be a simple request for information or a full-scale audit.

We have the expertise to help you through what many find to be a nerve-wracking experience. You need professionals who have your best interests at heart and who have an in-depth knowledge of the ever-changing tax laws as to what tax rules apply and don’t apply. In the case of a full blown tax audit, careful management of the process is important so that things don’t go “off the rails.” Managing the CRA auditor appropriately is as important as the discussion on detailed tax law.

For 25 years we have advocated strongly on behalf of our clients with CRA—while maintaining a professional reputation with them.

“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.
“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.
“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.
“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.
“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,
“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)
“An indispensable and trusted partner.”
From: Peter Goodman,
President & CEO
Solar Power Network
“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.
“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.
“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.
“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.
“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.
“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,
“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
“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
“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
“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
“We love Milla.... she is the best!!!”
From: Robin Bain,
“Knowledgeable, available and professional, that's why I'm an SY&C client.”
From: Andrew Sanderson,
President
34 Developments Ltd.
“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.
“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
“Highly professional, knowledgeable and responsive.”
From: George A. Bassin,
Partner
Gardiner Roberts LLP
“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.
“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.
“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 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.
“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
“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