Robert D. Petroff Professional Corporation provides services targeted toward small and medium-sized businesses and individuals across Canada. We will gladly tailor any of our services to suit your particular needs.

We are a dynamic team of experienced professionals dedicated to handling the day to day and regulatory reporting needs of your business. Your business is unique, so we will gladly customize a package of our services that best meet your business and personal needs. Robert D. Petroff Professional CorporationRobert D. Petroff Professional Corporation provides a full range of services for your business from handling your business and personal tax returns to the businesses that need us to take control of their full scope of daily financial and management activity.

Our firm offers multiple customizable service packages to ensure we provide the right level of service for your needs and our team is dedicated to your financial health and your financial stability. We help you manage your business with a forward-looking perspective.

We also assist individuals with consolidating finances, debt and investment management, and personal budgeting. You are important to us, so every effort is made to ensure we exceed your expectations.

If you find you are having difficulty making decisions about your business, call us at 905-770-1441 or email us and we will arrange to meet with you to discuss your needs. We have your best interest at hand and work for a lasting relationship with all our clients.

Accounting services for small businesses from Robert D. Petroff Professional Corporation just might be the boost you need.

Consulting Services

Computer Consulting

Whether you are contemplating the addition of new computer hardware or overhauling your network, our experienced staff can assist you with many of the difficult decisions that must be made when designing your business's computer systems. In their first years most businesses and their employees go through a difficult period to find and understand the computer hardware and software that best suits their businesses. Purchasing the wrong equipment can create a lot of headaches in the future. Switching to the appropriate hardware and software in the future could mean losing the history of the transactions and resetting the books can be costly. We can help you with your decision to find the best hardware and software your business needs, and set it up properly and train you and your employees until you feel comfortable with your system. We have years of experience and our staff is well trained in the operation of many known accounting systems available in Canadian markets.

Business Consulting

We gauge our worth by the personal and business successes of our clients. We can help your business identify areas negatively affecting profitability and growth and develop solutions that are practical and technically sound. In addition to acting as a sounding board for management, we provide comprehensive, flexible strategies that address the issues affecting your business. Many businesses start with a small working capital and require help from outside sources (i.e. banks, trust companies, private loans) to grow. Usually, a lending party requests a business loan when there is a need for a business loan. Business loans could look complicated for someone who is not in financial services business. In these plans, you should include the activities you are planning to take control of your business. These activities might include sales, new customer contacts, new product lines, lower cost of sales, different customer service activities etc.

In the first year of your business plan, your goals are set without the discipline of having tried to meet goals, so it will be a learning process. It will become clear that the real meat in a business plan approach is not the setting of goals but identifying the barriers to change, designing tactics to affect the results you want and finally listing the activities to make the tactics work.

We could help you to make the business plans look easy and by working together with you we can put your mind into numbers and help you to communicate your plans with the lenders.


Financial Planning

A properly structured financial plan enables you to face any financial challenge that may present itself at each stage of your life. Through the financial planning process, we can help you assess your financial needs and develop strategies that will enable you to achieve your goals and strengthen your financial security. Please take a few minutes and think about this: - Do you want to retire without having to change your lifestyle? - Do you want to leave the maximum amount possible to the loved ones behind you after your death?

If you said yes to any of these questions, then we can help you to accomplish your goals and dreams.

We can help you with your: RRSP and RRIF planning, transfers Pension plan decisions and transfers, RRSP loans, Mutual funds and investments, High yield savings account, Individual and group life, accidental death, and sickness insurance.

Purchase and Sale of a Business

Preparation and planning are key to the successful purchase or sale of a business. Our team can assist you with all aspects of your transaction, including valuation, cash flow analysis, tax minimization, and transition planning.

Retirement Planning

Successful implementation and periodic review of your financial plan will ensure financial independence during your working years and through your retirement years.

Management Advisory Services

Even the most qualified managers can benefit from competent, objective feedback. We can help your company's management team develop long-term objectives and specific strategies to facilitate your business' future growth and success.

Accounting Software Selection & Implementation

With the number of computerized accounting software packages available for small businesses and individuals growing every day, selecting one that is right for you has become increasingly difficult. As accounting professionals, we have knowledge of most programs, either through personal experience, or industry literature. Our experienced staff can help you choose and implement the system that best fits your needs.

Business Consulting

We gauge our worth by the personal and business successes of our clients. We can help your business identify areas negatively affecting profitability and growth and develop solutions that are practical and technically sound. In addition to acting as a sounding board for management, we provide comprehensive, flexible strategies that address the issues affecting your business.

Investment Review

As you develop your investment strategy, we will act as your sounding board. We can help you and your investment advisor structure an investment portfolio that takes into consideration the impact of taxes and produces a favorable after-tax return.

Tax Services

Estate & Trust Tax Preparation

Effective estate planning facilitates the orderly transfer of assets to your beneficiaries, provides security for your surviving spouse, and can reduce or eliminate the tax due on the transfer of your business and other assets. For business owners, providing for business continuity and succession of ownership is essential. We can guide you through the complex process of getting your financial affairs in order.


Federal and Provincial Sales Tax (GST, HST, PST, and QST)

Many of our clients are responsible for collecting and submitting sales taxes in many different jurisdictions. We can assist your company in the compilation of information and preparation of sales tax returns, and in controlling your sales-tax-related costs.

Payroll Services

As a business grows, it must hire more employees, which can result in increased payroll administration. We can assist you in implementing the controls necessary to ensure a reliable, efficient, and effective payroll system. Our firm can also help you develop a payroll system and prepare all necessary payroll tax returns in a timely manner.

Tax Planning & Preparation

Tax planning and preparation form a winning combination for our successful individual and business clients. Our experienced staff can develop tax-minimization strategies to optimize your after-tax position.


Personal & Corporate Tax Planning

We will provide you with, all the necessary information to help you to minimize your taxes and make sure you pay no more than your fair share. We will make sure all your and your family receives a fair treatment by the Tax authorities. We will represent you to Canada Customs and Revenue Agency when you ask as to do so. Tax planning is done during the fiscal or calendar year and we have the tools and our staff is well trained to help you to go through the required steps to success your tax planning.


Monthly & Year-End Accounting Services

Most small businesses are required to file monthly, bi-monthly or quarterly payroll, retail sales tax, excise tax or goods and services tax returns. These forms are required to be filled out according to the related acts. Preparing these forms by using your own human sources initially costs less, however, mistakes done when filling out these forms could be costly and causing an audit, which could cause you to spend even more time with the auditors.

We will send our staff to your premises to do the work, or we will pick up the documents from your premises to complete the work at our office. We will present you with the end of period financial reports and discuss the reports with you to answer your business needs to help you to plan the future.

The increased focus on these reports will create a faster response to warning signs of trouble. For example - An increase in sales and the corresponding increase in receivables will cause a review of the cash flow, before cash gets really tight. - Monitoring the sales will identify nonmoving inventory.


Small Business Start-ups, Management, & Decision Making

Every business needs thorough research and extensive planning before the start-up. There are several things to consider before dealing with the first customer, finding the right location, signing the lease, obtaining financing, finding the best computer hardware and software, hiring employees and employment contracts, finding a lawyer, setting up an office system (filing system, record keeping etc.), obtaining proper licenses to operate within federal, provincial and local laws and regulations, and many more. Even in the later years, businesses need some help in obtaining financing to expand, making decisions whether to move to another location or not, whether buy or lease, whether to hire more employees or letting the existing employees go.

We have the experience and tools to give you every possible angle to help you to arrive the best solution.


Accounting Services

Accounting Services

Providing financial information to our clients in a timely and accurate manner is a commitment that we feel cannot be compromised. Meaningful, well-organized financial records ensure that your business operations will run more efficiently on a daily basis. Our firm provides a full range of cost effective accounting services including the following:

  • General ledger & financial statement preparation
  • Bookkeeping (Monthly/Quarterly/Annual)
  • Accounting system setup for new businesses
  • Compilation of financial statements
  • Audits and reviews


Meaningful, well-organized financial records ensure that your business operations will run more efficiently on a daily basis and are the foundation of a successful business. Our qualified staff can assist you with the day-to-day tasks associated with bookkeeping.

Cash Flow & Budgeting Analysis

A business can be profitable and still run into trouble due to cash flow issues. We can forecast and evaluate your company's financial condition, estimate financing requirements, and track cash-flow sources and uses.

Financial Statements

We can assist you in the preparation of your financial statements in accordance with professional standards, but express no opinion or any other form of assurance on the underlying information included in them. The financial statements produced can be a useful tool for management for making financial decisions.

Financial Forecasts & Projections

Forecasting is a necessity when trying to effectively manage and lead a business to profitability. From simple projections to complex financial modeling, our experienced staff can assist you in achieving your company's financial goals.

Audits, Reviews, and Compilations

We view our role in the financial reporting process as an opportunity to provide constructive solutions for maximizing your company's profitability and efficiency. We provide financial reporting on all three levels of assurance:

  • Audit - an intensive examination with the highest level of assurance
  • Review - some analytical procedures conducted with limited assurance
  • Compilation - based upon client information provided and used primarily for internal use. 

Not For Profit Organizations

Not-for-profit organizations (NPO) have needs that differ greatly from those of traditional businesses and often have different priorities. We understand these realities.

We are proud of the accomplishments of our NPO clients and it is our responsibility to help by providing services beyond their expectations.

We are committed to providing quality service at a fair value to our NPO clients. Our NPO group strives for leading professional services from incorporation and charitable registration to annual reporting and advisory services throughout the year.

Our Experience

Throughout our yeasr of experience, we’ve grown our business to create a group specializing in not-for-profit organizations and can service these clients with insight and proficiency on audit and non-audit matters. We have a dedicated team of professional accountants who specialize in work with NPO audits. We believe that our size is the key to our relationship with our clients – we are big enough to offer specific knowledge and expertise yet small enough to be accessible on a timely basis.