Professional accounting services – Montreal Accounting Firm
Litwin CPA Inc. has been providing accounting, assurance, and creative tax minimization strategies to individuals, corporations, entrepreneurs and professionals for more than 40 years.
Conveniently located in the Westmount borough of Montreal, we are a full-service entrepreneurial accounting firm offering a wide range of professional services to a diverse client base of family and privately-owned businesses. A number of our clients have businesses spread throughout Canada, the United States, Europe and Asia.
Over the course of time, we have developed an extensive network of business and professional contacts in the rest of Canada, the USA, and Europe to assist clients with the many requirements of conducting a successful business. Read more.
Our services
U.S. Income Taxes
We prepare U.S. income tax returns primarily for Americans who live outside of the U.S., all of whom are still required by U.S. tax laws to file U.S. income tax returns.
Accounting
We provide a full range of cost-effective accounting services to meet your needs for management information, financial statements and tax accounting records.
Audit
An audited financial statement is an invaluable tool for obtaining financing, negotiating long-term credit and reporting to investors, lenders and regulatory agencies.
Consulting
We can help your company’s management team develop long-term objectives and specific strategies to facilitate your business’ future growth and success.
Estates & Trusts
An estate plan is an arrangement for the use, conservation and transfer of an individual’s wealth. Estate planning involves much more than merely the preparation of a will.
Financial Planning
Our training and experience allows us to focus on the big picture. Financial plans need to be specific, yet broad enough to integrate objectives and goals with tax strategies and estate planning.
Taxation
Help clarify challenging tax situations with the various revenue agencies and then mediate compromises or installment agreements that are in the best interest of our clients.
Latest news
Merger announcement
Litwin CPA Inc., a full-service public accounting firm serving a wide range of private businesses, not-for-profits, estates and trusts and personal income tax filing and Robert Allnutt B. Comm., the owner of a tax accounting firm specializing in American and Canadian personal tax filings and film industry accounting services announce the combining of their practice which will continue under the name Litwin CPA Inc. The addition of the Allnutt team adds to our ability to serve our … Read more
Cryptocurrency and taxation
Prepared by Michael Litwin, CPA, CA, TEP AS OF OCTOBER 2019 It may not come as a surprise, that both Canada and the IRS imposes taxation on cryptocurrency transactions. The IRS issued guidelines on this subject in 2014 and information can be found by following this link: https://www.irs.gov/individuals/international-taxpayers/frequently-asked-questions-on-virtual-currency-transactions In 2014, the IRS issued Notices 2014-21, 2014-16.1.R.B.938, explaining that virtual currency is treated as property for Federal income tax purposes and providing examples of how longstanding tax … Read more
Taxation of cryptocurrency
This article intends to provide a small insight into the world of Cryptocurrency and taxation in Canada. Characterization Of Cryptocurrency The CRA characterizes cryptocurrency as a commodity. The use of cryptocurrency to exchange goods or services results in the acquisition or disposition of property or in an income or expense. The receipt of cryptocurrency in payment for goods or services constitutes income and attracts sales and income taxes based on the fair value of the exchange. … Read more
