Professional Services
YKG Professional Corporation provides professional accounting, tax, valuation and advisory services from a CPA Ontario practice in Mississauga. Work is grounded in CPA Ontario standards across four practice areas serving Canadian and India-linked clients.
Tax Compliance
- Corporate T2 return preparation and filing
- Personal T1 planning for residents and newcomers
- NR6 waiver application for non-residents with Canadian rental income
- NR4 information returns for payments to non-residents
- HST/GST registrations, filings and advisory
- T1135 foreign property reporting (cost exceeding CAD 100,000)
- CRA Voluntary Disclosure Program (VDP) applications
- CRA audit support and objections
Compilation Engagements
- Notice to Reader (NTR) financial statement compilations
- Compiled financial statements for owner-managed businesses
- Bank and lender submission packages
- Year-round financial statement preparation
Bookkeeping
- Cloud bookkeeping via QuickBooks Online (ProAdvisor)
- Monthly and quarterly financial statements
- Cash-flow forecasts and KPI dashboards
- Year-end working paper preparation
Strategic Advisory
- Budgeting, forecasting and scenario planning
- Debt and working-capital structuring
- Business reorganization planning
- Board presentations and investor materials
Estate and Succession
- Will structuring and inter-generational transfers
- Tax-efficient corporate reorganizations
- Coordination with Canadian legal advisors
Cross-Border Advisory
- T1135 foreign property reporting — advisory and filing
- India-Canada tax treaty and structuring
- Remittance and repatriation planning
Business Valuation Support
- Financial analysis and valuation modelling for private companies
- Income, market and asset-based analytical approaches
- Owner-managed business valuation support and financial modelling
Transaction Support
- Buy-in and buy-out valuation support
- Partnership entry and exit pricing
- M&A transaction advisory
Fundraising Support
- Valuation models for fundraising rounds
- Investor deck financial support
- Sensitivity and scenario analysis
Estate and Dispute Advisory
- Financial analysis for estate planning and inter-generational transfers
- Shareholder dispute financial advisory and support
- Financial modelling and analytical support for advisory purposes
Financial Management
- Cash-flow forecasting and management
- Budget development and monitoring
- Strategic financial modelling
Reporting and Analysis
- Monthly reporting packages
- KPI dashboards and performance metrics
- Board and investor presentations
Stakeholder Communication
- Lender and investor relations
- Due diligence support
- M&A and transaction advisory
Process Optimization
- System implementation and financial controls
- Internal control design
- Reporting workflow improvement
Income Tax and ITR Filing
- Individual and corporate ITR e-filing
- Advance tax planning and savings structures
- Section 6 residential status advisory
Property and Capital Gains
- Capital gains tax minimization strategies
- Section 54 / 54F rollover guidance
- NRI real estate advisory
Remittance and FEMA
- Inward and outward remittances via bank liaison
- RBI and FEMA regulatory support
- Annual repatriation filings
Business Formation and GST
- Private company, LLP and branch setup
- GST registration, filings and advisory
- Post-incorporation compliance
Capital Repatriation and Funding
- Dividend repatriation and ECB compliance
- Working-capital and term-loan arrangements
- Fundraise documentation and lender packs
Virtual CFO India
- Accounting setup under Indian standards
- Monthly compliance calendars
- Offshore finance team oversight
Frequently Asked Questions
Do I need to file an NR6 waiver for Canadian rental income as an NRI?
Yes. Non-resident property owners can file an NR6 waiver with the CRA before the beginning of the tax year. This allows your agent or property manager to withhold 25% tax on net rental income rather than gross income.
What is the requirement for filing Form T1135 in Canada?
Canadian residents holding foreign property with a cost exceeding CAD 100,000 at any point in the year must file Form T1135. This includes bank accounts, stocks, and property in India (excluding personal-use assets).
How is Indian property sale taxed in Canada?
Canadian tax residents are taxed on worldwide income. Capital gains from Indian property must be converted to CAD and reported on your T1 return. Foreign tax credits prevent double taxation under the India-Canada DTAA.
What is a Compilation Engagement (Notice to Reader)?
A Compilation Engagement compiles financial statements based on client-provided information under CSRS 4200. It is suitable for management decision-making, tax filing, and lender packages.
What FEMA compliance is required to repatriate funds from India?
Repatriating funds from an NRO account or property sale in India requires RBI compliance, bank clearance, and Form 15CA/15CB certification from an Indian Chartered Accountant.
What does a Virtual CFO do for a Canadian business?
A Virtual CFO provides senior financial management, forecasting, reporting packages, and investor communication on a fractional basis without the cost of a full-time executive.
Discuss Your Specific Requirements
Direct communication for Canadian corporate tax, business valuations, and India-Canada cross-border advisory.