Office 55 York Street, Suite 401, Toronto, ON M5J 1R7
Harshad Parekh · Chartered Professional Accountant

Tax, audit, and advisory counsel for Canadian businesses, and the people who run them.

§ 01 The Practice

A partnership-first practice, built on the conviction that relationships compound.

Every engagement is treated as a long-term partnership. Your success and ours, on a long enough timeline, are the same number.

Three principles shape the work. Deep technical training. Judgment earned through years of Canadian tax practice. The kind of attention only a small, deliberate firm can offer.

Continual investment of time and resources in continuing professional education, in technology that meaningfully improves the work, and in the business relationships that surround it, is what makes that attention possible.

§ 02 Services

Four practice areas. One firm.

01 / Assurance
Audits · Reviews · Compilations

Financial reporting at every level of assurance.

We treat the reporting process as a window into how a business actually works, not a checkbox. Engagements span the full assurance spectrum, with the level chosen to match the user of the financial statements and the risk tolerance of the stakeholders behind them.

  • Audit, highest level of assurance
  • Review, limited assurance via analytical procedures
  • Compilation, for internal and lender use
02 / Tax
Corporate · Personal · Trust

Proactive tax planning, not reactive compliance.

Legislation moves continuously. So does the planning. By staying current on new tax law as it develops, we identify opportunities to minimize current and future liability before they expire, and prepare returns for individuals, corporations, and trusts with the same rigour.

  • Tax planning for corporations and individuals
  • T1, T2, and T3 return preparation
  • Tax effects of buying or selling a business
  • Tax-efficient retirement and estate planning
03 / Mergers & Acquisitions
Transaction Advisory

Knowing when a deal creates value, and when it doesn't.

Finding the right partner for a business is rarely the hard part. Structuring the transaction so that it actually works on a post-close balance sheet is. We assess tax considerations, product and service compatibility, competitive position, financial impact, and cash flow, before the letter of intent is signed.

04 / Advisory
Consulting · Operational Strategy

A steady second opinion on the issues that matter.

We gauge our worth by the success of our clients. The work is practical and technically sound. We identify the areas negatively affecting profitability and growth, develop flexible strategies that address the actual issues, and serve as a sounding board for management when the decision matters.

§ 03 Insights

Tax alerts & commentary on changes that matter.

§ 04 Financial Tools

Interactive calculators. A starting point.

Mortgage Calculator

Determine the monthly payment, total interest, and total cost of a mortgage. Rates compound semi-annually, paid monthly, per Canadian convention.

$
$
%
Monthly Payment
$4,053
Loan amount$680,000
Total interest paid$535,896
Total of all payments$1,215,896
Estimates only. Does not include property tax, homeowner insurance, condo fees, or CMHC mortgage default insurance.

Mortgage Qualifier

Estimate the maximum mortgage you may qualify for, using the Canadian GDS (39%) and TDS (44%) lending ratios.

$
$
$
$
$
%
Max Mortgage
$725,000
Limited byGDS (39%)
Implied monthly housing cost$5,850
GDS ratio at this level39.0%
TDS ratio at this level43.0%
Qualifying rate per OSFI B-20 stress test. Actual approval depends on credit score, employment, and lender criteria.

Mortgage Payoff

See how much interest is saved, and how much sooner the mortgage is paid off, by increasing the monthly payment.

$
%
$
Total Interest Saved
$98,200
Current monthly payment$2,700
New monthly payment$3,200
Time saved4y 8m
New payoff in17y 4m

Mortgage Refinance Interest Savings

Compare the interest cost of the current mortgage to a refinanced version. Accounts for refinance closing costs and breakeven.

$
%
%
$
Net Lifetime Savings
$48,200
Current monthly payment$2,830
New monthly payment$2,640
Monthly savings$190
Breakeven on costs24 months

Accelerated Bi-weekly Payment

An accelerated bi-weekly payment is half the monthly amount, paid every two weeks. The extra payments shorten the amortization and reduce total interest.

$
%
Lifetime Interest Saved
$87,400
Monthly payment$4,053
Accelerated bi-weekly$2,027
Years saved3.8 years

Auto Loan Calculator

Calculate the monthly payment, total interest, and total cost on a vehicle purchase financed at a fixed rate.

$
$
$
%
Monthly Payment
$890
Amount financed$45,000
Total interest paid$8,415
Total cost of loan$53,415

Auto Rebate vs Low Interest Financing

Manufacturers often offer either a cash rebate or a promotional financing rate. This calculator compares which produces the lower total cost.

$
$
%
%
Better Option
Rebate
Cost: take the rebate$52,890
Cost: take the low rate$54,340
Savings from better option$1,450

Buy vs Lease (Auto)

Compare the total out-of-pocket cost of financing a vehicle purchase against leasing it over the same term. Residual value is the buyout amount at lease end.

$
$
%
%
$
Better Option
Buy
Cost to finance & keep$62,300
Cost of leasing (term)$24,800
Buy payment (mo)$1,200
Lease payment (mo)$525
Lease cost shown is term-only and excludes residual buyout. Buy cost assumes the vehicle is kept after payoff.

Low Interest Financing Savings

The interest saved over the life of a loan by taking a promotional rate instead of a standard market rate.

$
%
%
Interest Saved
$5,395
Payment at promotional rate$701
Payment at standard rate$792
Monthly savings$91

Equipment Buy vs Lease

For business equipment. Compares financing the purchase against leasing, with after-tax cash flow incorporated using the corporate tax rate.

$
%
%
$
%
Lower After-Tax Cost
Lease
After-tax cost to buy$118,500
After-tax cost to lease$106,200
Buy payment (mo)$3,025
Lease payment (mo)$2,295
Lease payments are fully deductible; buy payments are split between interest (deductible) and principal (not). Ontario small business CCB rate is 26.5%; adjust to your effective rate.

TFSA vs RRSP vs Taxable

Compares the after-tax future value of investing the same pre-tax amount in a TFSA, an RRSP, and an ordinary taxable account.

$
%
%
%
Best After-Tax Value
RRSP
TFSA after-tax$362,400
RRSP after-tax$444,800
Taxable after-tax$248,100
TFSA contributions are made with after-tax dollars; RRSP with pre-tax. Taxable assumes 50% capital gains treatment, rebalanced annually.

Chequebook Balancer

A quick reconciliation. Reconcile the bank statement balance with your own running balance by accounting for outstanding items.

$
$
$
$
$
Reconciled Balance
$12,950
Your book balance$12,935
Less: bank fees$15
Adjusted book balance$12,920
Difference$30
Reconciled balance is statement + deposits in transit, less outstanding cheques. If this matches your adjusted book balance, you reconcile to zero.
§ 05 Contact

An introduction is where the work begins.

Tell us about what you're working on.
A brief note is fine. We read every message and respond within one business day. For anything urgent, please call the office directly.
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Message received.

Thank you. You'll hear back within one business day. For anything urgent, please call (416) 229-1411.

Direct line
(416) 229-1411
Principal
Harshad Parekh, CPA, CA
Office
55 York Street, Suite 401
Toronto, ON M5J 1R7
Fax
(416) 229-1711
Hours
Monday to Friday
By appointment