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Leading Canadian accounting firms Segal LLP and GCSE LLP merge

Toronto, ON – Two renowned Toronto accounting and advisory firms are coming together to create one of the largest independently owned and operated firms in the Greater Toronto Area, as of July 1, 2022. Combining deep industry expertise and enduring entrepreneurialism, Segal LLP and GCSE LLP have joined forces to lead the mid-market in audit, accounting, tax and advisory, taking on the name Segal GCSE LLP.

Increasing value and opportunity for clients and talent alike, the new organization is invested in bold action today to create a strong platform for tomorrow. Segal GCSE plans to expand its specialty services and continue to develop niche practices, which include serving financial, legal, real estate and information technology industries. Coupled with its commitment to nurturing the next generation of progressive leaders, the newly combined firm is well positioned to empower clients and talent for the future.

United in shared values, complementary operations and a people-first culture, Segal GCSE will have a notably expanded regional and national presence, with more than 250 team members ready to serve current and future clients across a wider range of services (including non-audit-related offerings), industries and geography. 

Since 1976, Segal has provided clients with a dynamic service experience that enables greater opportunities for growth and prosperity. The firm’s advisors strive to not just meet clients’ evolving needs, but to drive sustainable value. Similarly, with about 30 years of accounting, tax and advisory experience, GCSE employs a strategic and personal approach to help clients attain their business goals – and has long been the go-to Canadian firm for the legal industry. 

“Our merged firm is the perfect combination of talent, expertise, industry capability, core services and specialty offerings, which we are committed to developing further in the months and years ahead,” says Dan Natale, Segal Managing Partner. “We will also continue to focus on internal growth, creating opportunities for our vibrant young leaders to excel. By investing in a shared vision, together we are better positioned to build a foundation for success that looks beyond today and entrenches our legacy of independence in the mid-market. We are primed for growth in this ever-changing business climate.”

“With a shared philosophy on how we serve clients and invest in our talent, this union of independent firms is a seamless fit – culturally and strategically,” says GCSE Managing Partner Laurie Starkman. “Ultimately, we are combining the best of both our firms – our great teams, agile cultures and modern approaches – while leveraging our combined strength to drive forward new opportunities. Whether assisting the legal, real estate or financial sectors, we have the knowledge and experience to serve every major industry and will operate utilizing a best-in-class, consensus-driven approach.”

Dan Natale will serve as Managing Partner of the new organization. Further, Segal GCSE LLP will maintain its two current locations in Toronto, with plans to move into a shared office later in 2022.

For more information:

Dan Natale Managing Partner Segal GCSE LLP Phone: 416-490-3461 DNatale@segalllp.com

Laurie Starkman
Partner
Segal GCSE LLP
Phone: 416-512-3782
LStarkman@gcsellp.com

Lavanya Sarathchandran Marketing and Communications Manager Segal GCSE LLP Phone: 416-798-6929 LSarathchandran@segalllp.com   

About Segal GCSE LLP

At Segal GCSE LLP, we embrace an ambitious firm philosophy: to provide our valued clients with an expansive service experience that enables greater opportunities for growth and prosperity. From innovative practices to specialty services, our agile team is on a journey to not just meet your audit, accounting, tax and business needs, but transform your entire portfolio.

For more than 45 years, we have employed a collaborative approach, leveraging the shared knowledge and expertise of our multi-disciplinary professionals, to inspire and drive enhanced client success. Additionally, we augment our specialized offering with an international association with Moore Global – one of the world’s leading accounting and advisory networks.

segalgcse.com 

2022 Federal Budget Commentary

On April 7, 2022, the Canadian government released the federal budget for 2022.

This budget was widely anticipated to have increased tax rates and additional new taxes as well as rules that would stop some tax planning that had been going on.

The good news is that there were no changes to income tax rates.  More specifically, there was no change to capital gains rates.  A lot of planning had been going on before the budget in anticipation of an increased capital gains tax rate.  Fortunately, that did not happen.

There was a change to the taxation of the sale of principal residences.  If a taxpayer buys and sells a property within 12 months, the capital gain would not be sheltered by the principal residence exemption subject to some allowances that allow for unexpected personal situations. The sale of the property, will be treated as business income and will be fully taxable (not at the 50% inclusion rate).

The most substantial change is the new rules on how non-CCPC’s will be taxed.

Please download our budget commentary and a more detailed listing of the budget highlights.

Segal GCSE Summary and Budget Highlights

If you have any questions, please do not hesitate to contact your Segal tax advisor.

Best regards,
Segal GCSE Tax Team

On April 7, 2022, the Canadian government released the federal budget for 2022.

This budget was widely anticipated to have increased tax rates and additional new taxes as well as rules that would stop some tax planning that had been going on.

The good news is that there were no changes to income tax rates.  More specifically, there was no change to capital gains rates.  A lot of planning had been going on before the budget in anticipation of an increased capital gains tax rate.  Fortunately, that did not happen.

There was a change to the taxation of the sale of principal residences.  If a taxpayer buys and sells a property within 12 months, the capital gain would not be sheltered by the principal residence exemption subject to some allowances that allow for unexpected personal situations. The sale of the property, will be treated as business income and will be fully taxable (not at the 50% inclusion rate).

The most substantial change is the new rules on how non-CCPC’s will be taxed.

Please download our budget commentary and a more detailed listing of the budget highlights.

Segal GCSE Summary and Budget Highlights

If you have any questions, please do not hesitate to contact your Segal GCSE tax advisor.

Best regards,
Segal GCSE Tax Team

On April 7, 2022, the Canadian government released the federal budget for 2022.

This budget was widely anticipated to have increased tax rates and additional new taxes as well as rules that would stop some tax planning that had been going on.

The good news is that there were no changes to income tax rates.  More specifically, there was no change to capital gains rates.  A lot of planning had been going on before the budget in anticipation of an increased capital gains tax rate.  Fortunately, that did not happen.

There was a change to the taxation of the sale of principal residences.  If a taxpayer buys and sells a property within 12 months, the capital gain would not be sheltered by the principal residence exemption subject to some allowances that allow for unexpected personal situations. The sale of the property, will be treated as business income and will be fully taxable (not at the 50% inclusion rate).

The most substantial change is the new rules on how non-CCPC’s will be taxed.

Please download our budget commentary and a more detailed listing of the budget highlights.

Segal GCSE Summary and Budget Highlights

If you have any questions, please do not hesitate to contact your Segal GCSE tax advisor.

Best regards,
Segal GCSE Tax Team

Canadian Overview – First Quarter 2022

This issue includes contributions from Segal GCSE LLP, Mowbrey Gil LLP, and DMCL. These pieces were produced as a part of the quarterly Canadian Overview, a newsletter produced by the Canadian member firms of Moore North America.

Senior Tax Specialist

Segal GCSE LLP is a rapidly growing mid-size accounting, tax and business advisory firm headquartered in midtown Toronto. Segal GCSE is committed to growth by investing in our team, providing continuous learning and a positive, supportive work environment all with a focus on providing clients best in class client service.

As a member of our Tax Team, you will advise our clients on corporate and personal tax planning, deferral strategies, financing structures, employee compensation, owner-managed remuneration or a range of other complex tax issues. You will have the opportunity to resolve client issues directly with the client, the CRA and other government or regulatory agencies.

Responsibilities

  • Work with partners and the tax team on client engagements and deliverables, and practice development initiatives
  • Support Partners, Principals and Managers in all aspects of personal and corporate tax initiatives
  • Prepare notices of objection for corporate and personal clients and negotiate the same with the Appeals Division
  • Prepare/review complex tax returns (T1, T2, and T3 returns) and tax elections as required
  • Mentor, train, and delegate work to junior team members in the Tax team
  • Research tax issues
  • Prepare calculations to support tax analysis

Qualifications

  • CPA designation; ideally enrolment in, the CICA In-Depth or M. Tax
  • Bachelor’s Degree (or equivalent experience) from an accredited institution in Accounting, Business Administration, or related field
  • Ability to prepare effective research and planning memos independently and as part of a team
  • Tax experience working with owner-managed clients. This would include experience in preparing T1, T2, T3 and T5013 tax returns. Experience with T4, T5 and NR slip preparation
  • Experience with Non-Resident filing requirements in Canada would be an asset
  • Excellent understanding of basic tax concepts and files
  • Strong interpersonal and relationship building skills
  • Team player with a positive ‘can do’ approach
  • Creative problem-solving ability
  • Excellent verbal and written communication skills
  • Working proficiency in Microsoft Suite including Word, Excel, PowerPoint, is essential
  • Be organized and able to meet multiple project deadlines while being detail oriented
  • Strong commitment to professional client service excellence

This position represents a significant opportunity for those looking to advance their career by playing a major role in a growing organization, and who have the curiosity and interest in exposure to a broad range of clients, industries, and assignments.

To submit your resume for this position, please contact us by email here.

Tax Supervisor

Segal GCSE LLP is a rapidly growing mid-size accounting, tax and business advisory firm headquartered in midtown Toronto. Segal GCSE is committed to growth by investing in our team, providing continuous learning and a positive, supportive entrepreneurial work environment all with a focus on providing clients best in class client service.

As a member of our Tax Team, you will advise our clients by contributing to strategic tax planning and client management initiatives. As Tax Supervisor, you’ll work as part of a team to collaborate, design, and solve complex business issues from strategy to execution.

Responsibilities

  • Participate in income tax planning engagements
  • Participate tax planning memos including reorganizations, estate planning, cross border structures
  • Prepare detailed tax analysis on tax issues
  • Review complete corporate, personal, trust and partnership returns
  • Work with both the tax group partners and accounting/auditing group partners
  • Work efficiently and effectively within client engagement parameters and prioritize and balance multiple files
  • Supervise a team, delegate tasks, and promote teamwork
  • Mentor, train, and delegate work to junior team members in the Tax team
  • Participate in the training of staff to support their growth, knowledge, and professional development

Qualifications

  • CPA designation
  • Completion of at least Year 1 of the CPA Canada In-Depth Tax Program or Master of Taxation
  • Strong technical background in Canadian income tax; experience with corporate tax return preparation and review, tax research, and drafting letters would be considered an asset
  • Experience with Non-Resident filing requirements in Canada would be an asset
  • Ability to prepare effective research and planning memos independently and as part of a team
  • Can work under pressure, be decisive, exercise good judgment and common sense
  • Working proficiency in Microsoft Suite including Word, Excel, PowerPoint, is essential
  • Experience with Caseware and TaxPrep (or similar tax preparation software) is expected
  • Ability to recognize and analyze problems, propose sound alternatives and conclusions
  • Strong interpersonal and relationship building skills and a demonstrated ability to develop and nurture strong relationships with clients
  • Excellent verbal and written communication skills
  • Team player with a positive ‘can do’ approach
  • Creative problem-solving ability
  • Organized and able to meet multiple project deadlines while being detail oriented
  • Strong commitment to professional client service excellence

This position represents a significant opportunity for those looking to advance their career by playing a major role in a growing organization, and who have the curiosity and interest in exposure to a broad range of clients, industries, and assignments.

To submit your resume for this position, please contact us by email here.

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