Insight. Guidance. Growth.

Submitted by admin on October 29, 2010 - 3:15pm

Local Perspective. Global Reach.

Facet Advisors is an insightful and vigilant chartered accounting and business advisory firm that guides organizations and individuals toward their financial and business goals. A multi-faceted group, we provide a full spectrum of diamond-quality services. And we deliver it with the same personal service that you'd expect if you were our only client.

What's New

June 12, 2013

4 Life Insurance Myths You Should Know About - See below link for quote in myth 3 by...
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June 3, 2013

As many U.S. citizens living in Canada can attest to, when their income has historically...
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In the Community

Giving back is how we help keep the cycle of wealth moving.

We believe in sharing wealth, giving back and making a difference in the community. We see businesses playing an important role in supporting their local communities not only financially, but by freely sharing their knowledge and experience...

Quick Tips

Tax

Income splitting pensions can reduce taxes.
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Business Management

Make sure that your electronic data is backed up regularly and stored offsite.
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Tax

Utilize an Employee Health Services Plan in your business to reduce the after-tax cost of your medical expenses.
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Tax

If you stayed home to raise young children, apply for the Child Rearing Drop-out when you apply for any CPP benefits.
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Tax

A single person can claim a tax credit for a dependent child, grandchild, sibling, parent or grandparent.
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Debt Management

All things being equal, repay any debt with the highest interest rate first.
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Financial Planning

Compare your monthly income needs to long-term disability coverage.
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Financial Planning

Compare the after-tax returns for each investment rather than the before-tax returns.
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Business Management

Review all guarantees on a regular basis to ensure that, where possible, they are reduced regularly.
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Business Management

Make sure that you have a great bookkeeper.
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Financial Planning

Use life insurance products to protect your family and the value of your estate.
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Tax

If you borrowed funds to purchase real estate from which you’ll earn income, the interest expense is deductible, unless the real estate is vacant land.
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Debt Management

Avoid carrying balances on credit cards.
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Tax

Use life insurance products to transfer wealth tax effectively to the next generation.
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Debt Management

Businesses should match the repayment terms of debt to the life of an asset to avert liquidity problems.
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Tax

Save taxes with tax-free savings accounts.
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Business Management

Incorporate a holding company to help manage your business risks.
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Tax

Combine donations made by both spouses onto only one tax return to maximize the tax benefits.
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Tax

Review the allocation of investments between your RRSP and non-registered investment accounts to ensure investments are being held in the most tax advantageous manner.
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Business Management

Review your business to take advantage of all government training grants available.
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Debt Management

Where possible, seek financing options that are not due on demand.
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Tax

Snowbirds, note: A second home or cottage is regarded as personal-use property if used primarily by the taxpayer or a relative (or beneficiary).
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Tax

Contribute to your RRSP early to maximize tax deferred growth.
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Tax

Use the advantages of the low corporate tax rate on active business income to defer taxes.
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Tax

Get your tax returns to your accountant early for timely filing.
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Tax

Reduce taxes by donating stock with capital gains to your favourite charity.
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Tax

Review your business activities to see if they qualify for the Scientific and Experimental Development tax credit.
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Debt Management

Get out of non-tax deductible debt as quickly as possible.
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Debt Management

Take advantage of low interest rates to refinance and reorganize your debt.
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Financial Planning

Create a retirement and wealth creation plan as early as possible with the help of your investment professional.
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Tax

If your business is not incorporated, you can write off business losses against other income.
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Business Management

Consider setting up a Board of Advisors for your business.
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Financial Planning

Review and update your Will every two years or when situations in your life change.
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Financial Planning

Improve the value of your business by preparing it for sale or transition; plan for it today even if you are not thinking of selling it.
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Business Management

Use accounting software to compare your business performance to your budget.
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Business Management

Don’t make a business decisions based solely on tax consequences.
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Debt Management

If possible, utilize financing options that calculate interest on net borrowings by offsetting cash balances that you may have against your debt.
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10 Reasons to do
business with us

Number 10: We know how to maximize every opportunity to realize savings and growth for you.
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Number 7: Our staff stays with us so you’re assured of continuity and consistency.
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Number 8: Our years of experience enable us to pass on valuable insights and advice to you.
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Number 6: Our senior staff is accessible to all our clients when they’re needed.
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Number 2: We’re inspired by challenges and will find innovative solutions for you because we care about your success.
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Number 5: We’re more than number crunchers. As business owners, we’re business savvy too.
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Number 1: You’ll always be assigned to seasoned professionals with significant technical expertise.
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Number 4: We want to help you increase your net worth.
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Number 3: We’re committed to long-term relationships with both clients and our staff.
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Number 9: We navigate the complexity of business finance and compliance in a timely manner, giving you peace of mind.
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