Business Life Cycle

As one of Calgary’s leading boutique accounting firms, we provide the services you need at every stage of your business’s lifecycle.

New Businesses

Every big business was a small business first! Over the years, we have helped guide many business owners from the start-up phase through to sale and retirement. The key to success has always been good planning from the start.

Our team can provide you with relevant guidance to help get your business started off right, including:  

  • Structure type (proprietorship, corporation, partnership)

  • Ownership structure (who should own the shares)

  • Initial chart of accounts and accounting system (how to keep track of income/expenses)

  • Registration with CRA and relevant provincial authorities 

  • Assistance in understanding your tax reporting obligations (deadlines and instalments)

  • Helping you to understand the cash flow and tax considerations of compensating yourself from your business (salary or dividends and at what amount)

Growing Businesses

The life of a business owner is never easy, but with hard work, perseverance and sound advice, business will grow and open the door to new opportunities! With those new opportunities comes new complexities that our team can help advise you through, including: 

  • Reorganizations and advanced tax planning 

  • Analysis of the tax implication of business acquisition and sale opportunities  

  • Working with your wealth advisors to ensure a comprehensive and tax efficient retirement savings strategy 

  • Review and audit engagements to help you access financing from lenders

Mature Businesses

Every successful entrepreneur hopes to one day reap the benefits of the business they spent so many years growing. While every person is different, all business owners can benefit from the right professional advice when contemplating their business succession or sale. As always, the sooner we start planning here, the better!

The Vertefeuille Rempel team have been able to help many business owners in the late stages of their business lifecycle by providing advice on: 

  • Accessing the Lifetime Capital Gains Exemption on a business sale  

  • Retirement and estate planning   

  • Transitioning your business to the next generation  

“From the time I first started working with Vertefeuille Rempel in 2010 through to today, the experience has been friendly, professional and prompt.

Their diligence in working with us, preparing (sometimes complex) corporate tax returns, makes the process smooth and easy. They always offer options and explanations, and keep clients updated with changes to tax laws, as they happen.”

— Robert Lassu