Providing Trusted Business Accounting Solutions

We tend to provide the greatest value to clients whose financial affairs have become increasingly complex. This often includes:

• Business owners
• Incorporated professionals
• High-income families
• Individuals with trusts
• Real estate investors
• Cross-border taxpayers
• Family businesses
• Entrepreneurs preparing to sell a business
• Clients requiring proactive tax planning rather than annual tax return preparation

We believe the best tax savings rarely come from preparing a tax return—they come from making better decisions before the any tax compliance ever occurs.

You will likely benefit the most from working with us if:

• Your accountant mostly prepares tax returns but doesn't proactively discuss planning opportunities.
• You're contemplating a significant financial decision in the next few years.
• Your affairs have become more complex than they were a few years ago.
• You're looking for a long-term advisory relationship rather than a once-a-year tax preparer.

If this sounds like your situation, we'd be pleased to discuss how we can help.

Prasad & Company LLP is a full-service Chartered Professional Accounting firm with over 35 years of experience serving businesses and high-income individuals across Canada, the U.S., and internationally. Unlike firms that focus solely on compliance and filing, we take a proactive, strategic approach — helping clients minimize tax liabilities, structure their wealth efficiently, and plan for long-term financial goals. We are a member of the Alliott Global Alliance, one of the world's top 20 international associations of independent accounting and law firms, we also offer seamless access to trusted professionals in jurisdictions around the globe.

We serve a diverse range of clients, from small businesses and start-ups to mid-market corporations and high-net-worth individuals. Our team has deep experience across industries, including information technology, software development, healthcare, real estate development, cannabis, transportation, restaurants, and investment holding companies, among others. Whether you're a business owner looking to optimize your corporate structure, a high-income earner seeking to reduce your personal tax burden, or a family navigating cross-border tax obligations, our professionals have the specialized expertise to address your needs.

Our head office is located at 7699 Yonge Street in Thornhill, Ontario, and we have a satellite office at 800 West Pender Street, Suite 520, in Vancouver, B.C. We serve clients across Canada and internationally. You can reach us by phone at (416) 226-9840, toll-free at1 (888) 550-8227, or by email at info@prasadcpa.com.

Every individual and business have unique needs, so we don't offer one-size-fits-all pricing. We begin by discussing your personal and business objectives, reviewing your financial information, past tax returns, shareholder agreements, and any other relevant documentation. From there, we provide a tailored scope of work with transparent fee quotes that align with the complexity of your engagement and your budget. To get started, we recommend booking an initial consultation.

The answer is almost always before an important decision—not after.

The greatest value from tax planning usually comes before:

• buying or selling a business
• restructuring a corporation
• purchasing real estate
• moving to another country
• implementing trusts
• estate planning
• succession planning
• accepting outside investment
• CRA audits
• significant investment transactions

Unfortunately, once a transaction has already occurred, many planning opportunities are no longer available.

If you're contemplating any significant financial decision within the next 6–24 months, it's worth having a conversation before moving forward.

Effective tax planning goes well beyond filing your annual returns. For high-income earners, a well-structured strategy can significantly reduce liabilities across income tax, capital gains tax, and other tax matters — while unlocking savings on investments, pensions, and inheritances. Our team reviews your current tax position and historical returns to ensure you're paying only what you owe, and we develop forward-looking strategies to grow and preserve your wealth over time.

If your income, investments, or corporate structure have become more complex, a planning review may identify opportunities before year-end.

Many business owners unknowingly pay more tax than necessary because their corporate structure has simply evolved over time rather than being intentionally designed. Changes in profitability, family circumstances, acquisitions, or new investment opportunities can all create planning opportunities that didn't exist a few years ago.

We help corporations of all sizes develop strategies that reduce tax amounts owing while staying fully compliant with Canadian tax law. Our services include corporate restructurings to improve tax efficiency, proactive advice on changing tax legislation, financial planning to grow equity sustainably, and guidance on deductions, credits, and provisions that are legally available. We work closely with business owners to align their corporate and personal tax strategies for maximum benefit.

Yes. Our team assists clients with estate tax planning, we work with clients and their legal advisors to ensure wills, trusts, executors, corporate structures, and tax planning are aligned. The goal is to ensure that inheritances and personal wealth are transferred appropriately and tax-efficiently in the event of death or incapacity. Estate planning is closely connected to succession planning, and we take an integrated approach to protect both your family and your business interests. Contact us to discuss how we can structure a plan tailored to your situation.

Not sure where to start? Book a confidential consultation and we’ll help identify the tax, compliance, and advisory issues most relevant to your situation.

Absolutely. Many of our clients engage us for specialized advisory services while continuing to work with their existing accountant for routine compliance.

Examples include:

• M&A planning
• Cross-border tax
• Estate freezes
• Trust planning
• CRA disputes
• Succession planning
• Corporate reorganizations

We're happy to collaborate with your existing professional advisors.

Absolutely. Cross-border taxation is one of our core specialties. We work with U.S. citizens residing in Canada, Canadian citizens working or investing in the U.S., and corporations operating across both countries. Our services include preparing Canadian and U.S. tax returns, advising on the Canada-U.S. Income Tax Convention, and designing strategies to prevent double taxation and avoid costly penalty fees. We also assist clients expanding into the U.S. or India with entity structuring, transfer pricing, and compliance.

Related reading: “Moving to the U.S. with Canadian Investments: What to Know Before You Go”

Canadian registered accounts are treated differently under U.S. tax law. RRSPs retain their tax-deferred status under the Canada-U.S. tax treaty but must be reported on your FBAR and Form 8938. TFSAs and RESPs, however, are not recognized as tax-sheltered accounts by the IRS, meaning any income earned in them becomes taxable in the U.S. non-compliance with foreign reporting requirements can trigger significant penalties. Our cross-border tax team can help you file accurately and determine whether consolidating or restructuring certain assets may be beneficial.

The VDP is a program offered by the Canada Revenue Agency that gives eligible taxpayers a second chance to correct errors or omissions on past tax returns — such as unreported income, ineligible expense claims, or undisclosed foreign-source income. If your disclosure is accepted, the CRA will not pursue criminal prosecution and may waive certain penalties, though taxes and interest are still payable. The application process is detailed and must meet strict criteria, including that it could be more beneficial if self-initiated before the CRA contacts you. Our team has extensive experience guiding clients through every step of the VDP process.

Our advisory team works closely with business owners on critical financial decisions. This includes M&A advisory (both buy-side and sell-side), business valuations, transactional due diligence, financial projections, and capital structure optimization. We also assist with shareholder and partnership agreements, long-term business planning, and coordinating financing arrangements with banks and private lenders. As well as covenant reporting, bank negotiations, cash flow forecasting, lender presentations, debt refinancing, acquisition financing, quality of earnings assistance, financial modelling, external CFO.

Whether you're acquiring a company, preparing for a sale, or seeking growth capital, we provide hands-on support through every phase of the process.

Related reading: “Preparing Your Business for Sale: Tax and Finance Planning Before M&A”

Many business owners invest years building their companies but never formalize a plan for what happens when they step away. Without a succession plan, a sudden departure — whether due to retirement, disability, or death — can disrupt operations, erode business value, and create financial strain for your family. We help clients develop structured exit strategies that address ownership transfer, business valuation, estate planning, and tax-efficient transition methods. For family businesses, we also align the succession plan with the broader estate plan to capitalize on tax deferral opportunities and preserve family relationships.

This is often an area where proactive planning can produce significant long-term savings.

Related reading: “Why Business Succession Planning Should Start Years Before You Exit”

The Alliott Global Alliance is one of the top 20 international associations of independent accounting and law firms worldwide. As a member firm, Prasad & Company LLP can connect you with vetted, high-quality professionals in jurisdictions around the globe. This is particularly valuable for clients with cross-border business relationships, international investments, or expansion plans in countries such as the U.S., U.K., India, and Costa Rica — allowing us to coordinate tax, legal, and advisory services seamlessly across borders.

We offer outsourced Chief Technology Officer services through our in-house CTO, who brings over 24 years of IT industry experience. Services include business process mapping and redesign, business process automation, IT infrastructure analysis, cybersecurity assessments, disaster recovery planning, cloud strategy, and solution implementation. This is a cost-effective alternative to hiring a full-time CTO, and engagements can be structured as one-time projects or ongoing consulting arrangements tailored to your business needs.

The best first step is to book a consultation. If your tax, business, or family situation has become more complex, the best time to seek advice is before a major transaction, move, sale, or restructuring. Contact Prasad & Company LLP to book a confidential consultation and explore how proactive planning can help reduce risk, improve tax efficiency, and preserve long-term value. During this initial meeting, we'll discuss your personal and business objectives, review your financial situation, and identify the areas where we can add the most value. From there, we'll provide a tailored scope of work and fee proposal.

You can request a consultation directly through our website, call us at (416) 226-9840 or toll-free at 1 (888) 550-8227, or email us at info@prasadcpa.com.