In the world of wealth management, the benefits of organized, comprehensive, streamlined reporting cannot be overstated. Wealthy investors and charitable foundations require a bird's eye view of their finances to make informed decisions and achieve their financial goals. That’s why our family office offers a meticulously designed Consolidated Reporting Service tailored for this sophisticated audience. Our service stands out by...
For charitable foundations, meticulous record-keeping isn't just a good practice—it's pivotal. And thankfully, efficient bookkeeping for your charitable foundation can be easy. But for success, you need a partner who understands the specialized demands of charities to ensure your foundation maintains compliance. Here are two ways our bookkeeping service supports charitable foundations: Making the T3010 a Breeze: The Intersection of Bookkeeping...
In the realm of wealth management, family offices are entrusted with the complex task of overseeing diverse investment portfolios and financial affairs of wealthy families. As assets grow and investment strategies diversify, the need for accurate and comprehensive consolidated reporting becomes increasingly crucial. This blog post will delve into the significance of consolidated reporting for family offices, its benefits, and...
For many family offices, Excel has been the go-to tool for creating consolidated reports due to its customization, accessibility, and cost-effectiveness. However, as the complexity of investment portfolios grows, family offices often encounter challenges related to data integrity, analytics, and scalability. Excel's limitations become apparent when dealing with large datasets or non-traditional assets like real estate, private equity, art, impact...
Unsurprisingly, the Canada Revenue Agency (CRA) demands taxes be paid in Canadian dollars. This is simple enough when you earn income in Canada, since you were likely paid in Canadian dollars anyway. Your Canadian based investments are also likely quoted in Canadian dollars, which makes reporting your investment income based in Canada simple as well. But, what happens when you make...
