Business Advisory Services and Tax Planning for Ontario Businesses
Bookkeeping shows you what happened. Business advisory tells you what to do next: where margin is leaking, whether you can afford the next hire, and what your business is worth if you ever sell. Our advisory and financial planning services run all year, not just at tax time, so every decision rests on your actual numbers.
- Cash Flow Knowledge Weeks in Advance
- Sensible Strategy of Salary or Dividend Based on Your Own Figures
- Business Transfer, Purchase, or Sale Plan that Really Work
- Tax Problems? CRA Dispute & Notice of Objection Assistance Available
Business Financial Planning Based on Your Real Numbers
Growing a business takes more than accurate books; it takes a plan. Veritas Taxes provides small business advisory based on your actual financial position, whether you are just starting out, running a steady business or thinking about an exit. We help you spot problems before they become costly, find opportunities you had not considered, and make decisions from facts, not assumptions
- OUR SERVICES INCLUDE
Business Advisory and Financial Planning Services
Getting Started & Structure Planning
- Incorporation & Structure Consulting: Choosing the right incorporation or business structure at the outset, with a clear view of how salary and dividend decisions affect your personal and corporate tax.
- Cash Flow Planning: A real cash flow forecast and budget that shows where income will come from and where costs are cutting into profit.
Expanding & Growing
- Business Growth & Profitability Consulting: We review your financial statements to find where profit is lost, whether through pricing, costs or inefficiency, and build a business growth strategy to fix it.
- Budgeting & Forecasting: Realistic budgets and forecasts to support decisions on staffing, expansion and investment.
- Salary and Dividend Tax Planning: For owners of incorporated companies: how to take money out of the company in a tax-efficient way.
Protection & Risk Management
- Risk Management Advising: Early identification of financial and compliance risks, before they turn into problems with the CRA or your cash flow.
- CRA Dispute and Notice of Objection Assistance: Advice and support if you disagree with a CRA assessment or reassessment. Objection deadlines are strict, so talk to us early.
Transition & Exit
- Succession Planning: Planning the transfer of ownership to family members, partners or another owner.
- Sale of a Business & Exit Strategy: Planning the sale of your business, from valuation to deal structure.
- Purchase of a Business: Due Diligence Assistance: Analysis of the finances of a business you are considering buying.
- HOW WE WORK
A Simple Process Designed Around Your Business
01
Consultation
We learn about your business, your goals and your current financial position.
02
Financial ReviewWe review your records and financial statements to find risks, margin leaks and opportunities.
03
Strategy & ImplementationWe build the plan, such as a cash flow forecast, a salary-versus-dividend recommendation or a succession roadmap, and help you carry it out.
04
Ongoing SupportQuarterly or as-needed advisory sessions keep the plan current as your business changes.
- WHO WE SERVE
Advisory Support at Every Stage of Your Business
Advisory needs change as a business grows. From our office in Vaughan, we advise owners across the GTA and Ontario at four common stages:
- Start-ups & New Businesses: The right structure, financial plan and tax setup from day one.
- Growth Companies: Finding where profit is leaking and building a plan to scale.
- Established Companies: Managing risk, CRA disputes and growing financial complexity.
- Owner Exit & Succession Planning: Preparing early to sell, pass on or transition ownership.
Start Your Investment Journey Book a Call
Take the first step toward smarter investing and long-term financial growth with expert, personalized guidance.
- Why Choose us
Delivering Clarity, Confidence, and Results
Take the first step toward smarter investing and long-term financial growth with expert, personalized guidance.
Proven Success
- 99% Client Satisfaction Rate, measured every year
- 80+individuals and businesses served across the GTA
- A consistent, error-free filing track record
Expert Guidance
- 10+ Years of Combined CPA & Advisory Experience
- Advice tailored to Ontario tax rules and CRA requirements
- Direct access to your CPA, not a rotating call centre
Fully Transparent
- Clear & Simple Financial Insights
- No Hidden Surprises, Full Clarity
- FAQ’s
Business Advisory FAQs
Answers to common questions about business advisory, planning and working with Veritas Taxes & Advisory Inc.
What is the difference between a business advisor and an accountant?
An accountant keeps your books accurate and handles compliance: bookkeeping, tax filings and deadlines. A business advisor uses those numbers to guide forward-looking decisions on pricing, staffing, cash flow and growth strategy. We do both, so every recommendation is built on your real figures. Unlike a stand-alone small business consulting firm, we work from your actual books and tax filings.
Does a small business need business advisory services?
Often, yes. The sooner you set up sound cash flow management and the right business structure, the fewer costly corrections you make later. Small business advisory is scalable: a start-up needs something different from an established company, and we scope the work to match.
Should I pay myself a salary or dividends from my corporation?
It depends on your personal tax bracket, your business’s cash flow, your available RRSP contribution room and your long-term plans, so there is no single right answer. We model both options with your numbers and then make a recommendation. For one related rule, read our article on whether a corporation can pay a dividend when retained earnings are negative.
How can I tell if my business has a cash flow problem?
Common signs include regularly using credit to cover payroll and expenses, looking profitable on paper while cash stays tight, and unexpected expenses that catch you off guard. Cash flow forecasting shows these patterns before they become a crisis.
When should I start succession planning?
Ideally three to five years before the planned transition. Succession planning involves tax structuring, a valuation of the business and sometimes negotiations with partners or family members, so it takes time.
Can you help with a dispute with the CRA?
Yes. We review your case, assess whether an objection is worth pursuing and, if it is, prepare and file the Notice of Objection with the supporting documents. Objection deadlines are strict, so contact us as soon as you receive the assessment.
What should I review before buying a business?
At minimum: historical financial statements, tax history, existing liabilities, customer and revenue concentration, and any ongoing disputes with the CRA. We cover these in our due diligence support so you can decide with the full picture.
How much is my business worth if I want to sell it?
The value depends on your industry, revenue, profitability, assets and market conditions, so there is no simple formula. We explain the basics of business valuation and can help you find a certified business valuator if you need a formal valuation.
How much do business advisory services cost?
Cost depends on scope. A one-time strategy session is priced differently from quarterly advisory sessions. We scope and price every engagement in detail before work begins.
Is advisory a one-time or an ongoing service?
Either. Some clients book a single strategy session before a major decision; others prefer ongoing quarterly advisory sessions.
- Resources