Business consulting services
Our business consulting services can help you improve your operational performance and productivity, adding value throughout your growth life cycle.
Business process solutions
We can help you identify, understand and manage potential risks to safeguard your business and comply with regulatory requirements.
Business risk services
The relationship between a company and its auditor has changed. Organisations must understand and manage risk and seek an appropriate balance between risk and opportunities.
As organisations become increasingly dependent on digital technology, the opportunities for cyber criminals continue to grow.
Forensic and investigation services
At Grant Thornton, we have a wealth of knowledge in forensic services and can support you with issues such as dispute resolution, fraud and insurance claims.
Mergers and acquisitions
Globalisation and company growth ambitions are driving an increase in M&A activity worldwide. We work with entrepreneurial businesses in the mid-market to help them assess the true commercial potential of their planned acquisition and understand how the purchase might serve their longer- term strategic goals.
Recovery and reorganisation
Workable solutions to maximise your value and deliver sustainable recovery
Transactional advisory services
We can support you throughout the transaction process – helping achieve the best possible outcome at the point of the transaction and in the longer term.
We provide a wide range of services to recovery and reorganisation professionals, companies and their stakeholders.
The International Financial Reporting Standards (IFRS) are a set of global accounting standards developed by the International Accounting Standards Board (IASB) for the preparation of public company financial statements. At Grant Thornton, our IFRS advisers can help you navigate the complexity of financial reporting from IFRS 1 to IFRS 17 and IAS 1 to IAS 41.
Audit quality monitoring
Having a robust process of quality control is one of the most effective ways to guarantee we deliver high-quality services to our clients.
Global audit technology
We apply our global audit methodology through an integrated set of software tools known as the Voyager suite.
Corporate and business tax
Our trusted teams can prepare corporate tax files and ruling requests, support you with deferrals, accounting procedures and legitimate tax benefits.
Direct international tax
Our teams have in-depth knowledge of the relationship between domestic and international tax laws.
Global mobility services
Through our global organisation of member firms, we support both companies and individuals, providing insightful solutions to minimise the tax burden for both parties.
Indirect international tax
Using our finely tuned local knowledge, teams from our global organisation of member firms help you understand and comply with often complex and time-consuming regulations.
Innovation and investment incentives
Dynamic businesses must continually innovate to maintain competitiveness, evolve and grow. Valuable tax reliefs are available to support innovative activities, irrespective of your tax profile.
Private client services
Our solutions include dealing with emigration and tax mitigation on the income and capital growth of overseas assets.
The laws surrounding transfer pricing are becoming ever more complex, as tax affairs of multinational companies are facing scrutiny from media, regulators and the public
Tax policies are constantly evolving and there are a number of complex changes on the horizon that could significantly affect your business.
Although net optimism amongst business leaders has slipped from a five-year high in Q4, it is still strong at net 41%. This makes sense because the Canadian economy grew by a robust 3% in 2017. Also, important parts of a free trade deal with the EU, Canada’s second largest trade partner, came into effect in September 2017 (on a provisional basis). Rising commodity prices in 2018 are also providing a boost, given its large hydrocarbons sector.
A net 61% of Canadian firms expect profits to rise this year, a record level and even higher than in the US. In addition, net 49% expect revenue growth, down slightly from Q4 but still a strong positive indicator.
Regulation and risk
The reasons behind the easing in overall optimism are not clear-cut. It may in part be due to worries about an increased regulatory burden. Red tape was the most frequently cited constraint, mentioned by 44% of firms (up from 32% in Q4). Higher energy costs, though good for the oil sector, are a constraint for others. They were mentioned by 32% of firms, up from just 12% in Q4, the biggest quarterly increase in concern for any of the nine potential constraints covered in our business leader survey.
Another worry is economic uncertainty, mentioned by 33% of businesses. Rising rates could harm consumer spending, given the high levels of household debt. There is a risk that the US could withdraw from NAFTA, which would be very damaging for many Canadian exporters because three quarters of exports go to the US. There is also a more positive scenario for Canada, in which NAFTA renegotiations provide enhanced access to the US, including government procurement contracts.
As in the US, labour availability has become a major constraint, even as net 48% of firms want to boost staff levels. Unemployment is 5.8%, the lowest level since 1976. Hence 43% of firms cited availability of skilled workers as an issue (albeit fewer than in Q4) and 28% expect an above-inflation boost to salaries this year.