Four services, delivered as one integrated annual mandate.
CSRS 4200 compilation, T2/CO-17 corporate tax, T1/TP-1 personal tax, and structure advisory — coordinated together so no decision is made in a silo.
Year-End & Compilation
Compilation engagement (avis au lecteur) prepared under CSRS 4200, which has replaced the former 9200 standard since 2022. The compiled statements anchor the annual corporate file and support both corporate and personal tax filings.
What gets delivered
- Balance sheet and income statement compiled under CSRS 4200
- Disclosure note in compliance with the standard
- Reconciliation with the corporate tax return
- Bank- or lender-ready documents if required
- Annual follow-up on adjustments and reclassifications
Corporate Tax
Preparation of T2 (federal) and CO-17 (Quebec) returns, including the schedules relevant to a Canadian-controlled private corporation. Returns are prepared with compensation planning and long-term structural decisions in mind — not in isolation.
Included in the annual mandate
- Federal T2 and Quebec CO-17, with all applicable schedules
- Small business deduction (SBD) calculation and optimization
- Capital dividend account (CDA) and general rate income pool (GRIP) tracking
- Shareholder equity reconciliation
- Year-end planning to calibrate salary vs. dividends
- GST/QST tracking and instalment management
Personal Tax
Preparation of T1 (federal) and TP-1 (Quebec) returns for the principal shareholder, and for the spouse if they're a shareholder. Personal returns are integrated with the corporate file so that compensation, dividends, and advances stay coherent across both.
Included in the annual mandate
- Federal T1 and Quebec TP-1 for the principal shareholder
- Spouse returns if the spouse is a shareholder
- Optimal RRSP and TFSA contribution calculations
- Reconciliation of corporate and personal dividends
- Tracking of shareholder loans and taxable benefits
Structure Advisory
The advisory layer that sits on top of the annual cycle: structural decisions, compensation planning, buy-ins or sales, Holdco setup. One-time advisory mandates (outside the annual cycle) are priced individually.
Topics covered
- Annual Opco/Holdco structure review
- Salary vs. dividend planning
- Shareholder loans and repayment strategies
- Initial practice incorporation (one-time mandate)
- Holdco setup (one-time mandate)
- Buy-in or acquisition (one-time mandate)
- Succession planning and sale readiness (one-time mandate)
Questions about our services.
What is a CSRS 4200 compilation engagement?
The CSRS 4200 compilation engagement — formerly known as a notice to reader — is a related-services engagement in which a CPA prepares financial statements based on information provided by the client. Unlike an audit or review engagement, it provides no assurance on the statements.
CSRS 4200 replaced the former CSRS 9200 in 2022 and includes a more structured disclosure note. It is the appropriate format for most incorporated SMBs in Quebec.
Does the annual mandate include bookkeeping?
No. Monthly bookkeeping is not included in the annual mandate. We focus on compilation, corporate and personal tax, and structure advisory.
For bookkeeping, we work with your existing bookkeeper or can refer a qualified partner. This separation lets each expert focus on their specialty.
How does the fixed annual fee work?
The annual mandate is priced at the start of the fiscal year with a fixed fee based on structural complexity and expected transaction volume. You know exactly what you'll pay before work begins.
If an extraordinary situation arises mid-year (major restructuring, acquisition, tax audit), we discuss a separate one-off engagement — never a surprise on the invoice.
How far in advance of the tax deadline should I contact you?
Ideally, 2-3 months before your corporate year-end. This leaves time for year-end planning (salary-dividend mix, shareholder loan management, RRSP contributions).
For new mandates, we can intervene later, but planning flexibility is more limited. For personal returns, March-April is the normal window.
What happens if I change CPA mid-year?
Transferring an accounting file is done via a professional letter — a request to your current CPA to transfer your documents and tax history. The process typically takes 2-4 weeks. JVS CPA handles these requests for you.
We also coordinate with your former CPA to understand structural choices and planning already in place.
What is the difference between corporate and personal tax in a mandate?
For an incorporated owner, the two are linked. Corporate tax (T2 and CO-17) covers your corporation. Personal tax (T1 and TP-1) covers your personal income — salary and dividends paid by the corporation, other income.
In the annual mandate, we handle them together so that corporate compensation and personal tax are optimized as a single system.