Accounting, Tax and Financial Advisory Services
Bay Street Accounting and Tax Services is a professional services firm that prides itself on unparalleled service. We are committed to providing unbiased advice and prudent strategies for entrepreneurs, starts-up companies, small and medium sized businesses. The firm’s objective is to provide high quality professional advice to businesses and individuals at a reasonable price.
We provide accounting and tax services, estate planning, risk management, financial statement preparation, income tax return preparation, cash flow analysis, tax planning, preparation of Business Plans and Offering Memorandums for capital raising. Our approach allows us to serve you without compromise.
At Bay Street Accounting and Tax Services, we are committed to providing close personal attention and treating our clients with the utmost courtesy and respect. We provide realistic, honest financial advice that achieves results.
The O.E.C.D. economic forecast from June 2022 indicates that Canada has largely recovered from the COVID crisis. Real GDP is projected to grow by 3.8% in 2022 and by 2.6% in 2023. Global supply tensions are predicted to keep prices high.
Preliminary data suggested that the Canadian economy outperformed its G7 peers in Q1 of 2022, with 1.4% quarter over quarter growth. Growth is expected to ease in the remainder of 2022, due to interest rate increases and inflation.
Results from the second quarter 2022 Business Outlook Survey suggest capacity pressures remain elevated and expectations of significant price increases continue to be widespread. Firms anticipate that the post COVID rebound sales growth will begin to moderate.