Richter > Tax

Tax

Life is full of uncertainties. Taxes aren’t one of them. Inadequate tax planning or improper handling of tax issues can result in major financial consequences and restrict your company’s growth. Richter’s tax team performs strategic reviews to help you minimize your taxes, meet compliance requirements and improve your overall tax position.

Our experts can assist with:

Canadian tax

No one wants to pay more than they should. We take care of remuneration, tax and asset protection planning discussions; review and optimization of corporate structures and family trusts; income splitting, deductions and exemptions, and corporate and personal tax minimization strategies. We also assess and make recommendations on cost rationalization, opportunity identification and risk management.

Commodity / indirect tax

We interpret and apply tax legislation relating to Goods and Services Tax (GST), Harmonized Sales Tax (HST), Excise Tax, and other specific sales taxes.

Since every transaction matters, the members of our specialized team help you manage indirect taxes so that you can concentrate on operating your business.

We share your entrepreneurial spirit and know that you’re looking for practical solutions. Our team has developed an efficient and practical series of reference tools that we place at your disposal:

  • Tables of rates applicable to expense accounts for SMEs and large corporations
  • A map of Canada that shows the applicable sales tax rates in Canada by province and references future changes
  • Regular publications that summarize changes and highlight important items for consideration

Our team supports you in your planning of extraordinary, international or complex transactions such as a business acquisition. We help you structure your transactions with an eye to minimizing taxes payable, increasing cash on hand, and ensuring that your internal processes and your contracts are consistent with the desired treatment and protect your company from costly errors. At the same time, your reputation is protected.

We apply a practical and integrated approach to managing indirect taxes and meeting your tax obligations. As a result, your tax compliance is simplified, in terms of both revenues and expenses. In addition to helping you manage your day-to-day transactions, this approach includes the management of audits by tax authorities.

We have developed a unique collaborative approach and tools that facilitate these audits for both your company and tax authorities. We work to foster a shared understanding that saves time and minimizes differences of opinion and assessments requiring opposition procedures.

Cross-border services/U.S. tax

We help you plan and implement restructuring strategies to be tax efficient, as well as advise on U.S. federal corporate and partnership income tax planning and consulting; federal compliance services for American domestic and multinational entities, and estate and gift tax planning and reporting.

We help you navigate the U.S. tax system. Our full-service U.S. tax group is dedicated to resolving federal and state taxation matters, including:

  • Cross-border planning
  • Entity selection for expansion
  • Compliance services for American citizens residing in Canada and Canadian executives working in the U.S
  • Advising Canadians with U.S. investments that may trigger U.S. reporting
  • Evaluate your exposure to state-imposed taxes
  • Make recommendations regarding compliance with state and local filing requirements

Richter’s U.S. tax team also has access to a network of U.S. and international tax specialists to complement its services.

State taxation

In the U.S., state authorities are increasingly more aggressive in their attempts to expand their tax base. Some states may impose taxes on non-U.S. (“foreign”) entities and individuals, even those that are not taxable federally under a Treaty. Our U.S. tax team assists in evaluating your exposure to these state taxes. We make recommendations regarding compliance with U.S. state and local filing requirements, with a particular attention on optimizing your U.S. operations. Our state and local tax services include state and local income, franchise, sales tax planning, consulting and tax return preparation.

Government Relations

Our specialized team is your preferred partner for working effectively with government authorities. In order to foster a shared understanding of government rules and the environment of businesses and entrepreneurs, our specialists work closely, at many levels, with federal and provincial government authorities as well as authorities with foreign governments. We improve communication between government authorities and taxpayers, and allow taxpayers to profit from best practices.

Our team participates in the consultations organized by tax authorities and helps identify tax issues. We propose solutions for simplifying your obligations with respect to observation and for improving the services provided by tax authorities.

Government assistance: selecting the most appropriate programs

Since each level of government offers a range of financial assistance programs that are closely linked to government policy, our team can help you identify which programs best meet your needs, and help you make informed choices.

Our firm takes a practical approach and acts as a true tax department that is integrated into your business. Our professionals are your preferred partners for establishing harmonious and constructive relationships with each level of government.

Transfer Pricing

We provide advice and support regarding international expansion and transfer pricing audit guidance. We identify and support the implementation of the most suitable transfer pricing policy, and assist in navigating complex transfer pricing requirements.

Transfer pricing requirements cannot be ignored considering the intricacy of international business, aggressive auditing by tax authorities and the magnitude of financial repercussions including double taxation. Barring compliance obligations, companies have found that transfer pricing can be regarded as an opportunity to structure international operations in a tax-efficient manner. Beyond minimizing tax exposures, it can provide useful insight into the business, increase operational efficiency and optimize global tax liabilities.

Richter’s international tax professionals go beyond providing analysis, drafting reports and making recommendations, we take a practical, proactive and hands-on approach to help you develop and implement an appropriate strategy to ensure compliance, create business value and minimize transfer pricing risks.

Planning

Plans take into account business operations, as well as tax implications, to any international structuring. Our team draws on its understanding of your business model to identify the most suitable transfer pricing policy and help implement these recommendations.

Compliance

Our experience among diverse industries and countries provides the tools necessary to help you navigate complex transfer pricing requirements. Compliance does not end with an analysis. We will assist you in monitoring and adjusting your transfer pricing policy on an ongoing basis.

Research & Development tax incentives

Many companies are either unaware of the existing federal and provincial Scientific Research and Experimental Development (SR&ED) tax credit programs or are unfamiliar with the criteria and activities that qualify for claims. These are available to all companies that operate in Canada – large or small, family-run or foreign-owned.

Richter’s team of professionals applies its knowledge and expertise in engineering, accounting and tax to facilitate the SR&ED claim process. Renowned for being entrepreneurial in our approach, we find creative solutions and are always looking for ways to strengthen your tax position.

Our familiarity with the various programs, tax laws, general and industry-specific interpretation circulars and CRA processes enables us to work closely with your accounting and technical departments to provide comprehensive service that includes three main steps:

  • Identifying the SR&ED activities that would qualify for a tax credit
  • Preparing and submitting the technical and financial aspects of the SR&ED claims
  • Accompanying and guiding you through CRA audits

In addition, our professionals can train your company’s staff on best practices for documenting future claims.

Meet our experts

The people behind the expertise.

Carey Singer

CPA (Illinois)
With over 20 years’ experience, Carey Singer is one of our most in-demand tax consultants.

David Hogan

CPA, CMA, MA (Economics)
David Hogan is focused on pushing his practice to new heights and goes all out to empower his team members to build on their skills.

Irina Oks

MA (Economics)
Passionate about both her work and her family, Irina Oks is known for her capacity for hard work and delivering results. Irina takes on complex tasks with enthusiasm, dedication and a laser-like focus on getting the very best results for her clients.

Lyne Gaulin

CPA, CA, CPA (Illinois), LL. B.
Lyne works closely with clients to provide tax advice that meet their particular objectives.

Alain Pérusse

D.E.S.S. Fisc.
For all questions regarding tax issues, acquisition structuring and sales transactions, or to find advice and solutions for process improvement, Alain is a seasoned expert and the perfect choice.

Diane Tsonos

LL.B., TEP
With her knowledge, dedication, extraordinary professionalism and people skills, Diane is an integral part of Richter.

Earl Forman

CPA, CA
If you are looking for a methodical mind, Earl Forman is your man. He is famous for having all of his files lined up in perfect columns. . He has, undoubtedly, the neatest desk in our entire office. 

Jean-François Coutu

CPA, CA, LL.M.Fisc.
In Jean-François, you’ll find an attentive expert who’s able to explain complex questions clearly and cogently so that you can make informed decisions.

Jerry Wise

CPA, CA, TEP
Jerry Wise has the expertise privately-held entities repeatedly turn to as they grow their businesses in Canada and abroad.

Michel Babeu

CPA, CA, M.Fisc.
With nearly 30 years of experience assisting local entrepreneurs, Michel has a wealth of knowledge in management and taxation.

Phil Nadler

CPA, CA
Phil has taught tax-related courses at McGill University, and has lectured at the Ordre des comptables professionnels agréés du Québec.

Robert Chayer

M.S. Tax
With over 25 years of experience, Robert has an enviable reputation in the US tax and border services field.

Scott Binns

CPA, CA
‘Unique’ is a term often used in relation to Scott. Easy going, personable, and knowledgeable, he is a captivating public speaker and a driven professional.

Stéphane Marcassa

LL. B., D.E.S.S. Fisc.
Stéphane Marcassa has more than 20 years’ experience in advising clients on the complex commodity taxes subject matter.

Vincent De Angelis

CPA, CA
Vincent helps his clients through it all, and in the process, makes them feel right at home.
Meet more experts

A holistic approach

focused on you

Whether for business or personal; with one challenge or our full suite of services, Richter’s approach is always strategic, insightful and all-encompassing. Guided by our values and rooted in trust, we’ve helped clients thrive for over 90 years.