Business Details
42 Years
experience
Trusted Accounting & Tax Services in Canada
Sprackman Terrence has built a reputation for excellence in financial services since 1984, evolving from Lorne Sprackman's Chartered Accounting practice to a partnership with Patricia Terrence in 2007. Our firm combines decades of experience with continuous education in Canadian tax legislation to deliver innovative, compliant solutions for individuals and corporations. We specialize in cross-border tax matters, entertainment industry financial management, and personalized CFO services for high-net-worth families. Our team of Chartered Professional Accountants leverages multidisciplinary insights to develop tailored strategies that align with clients' unique financial goals.With a focus on transparency and compliance with CRA and CPA Canada regulations, we provide assurance through comprehensive tax planning, corporate financial management, and advisory services. Our expertise extends to litigation support, succession planning, and foreign tax compliance coordination, making us a trusted partner for complex financial needs. The firm's commitment to quality service remains unchanged since its founding, while embracing modern approaches to address evolving regulatory landscapes.
Services
Accounting & Tax
Business Management
Personal CFO
Corporate Services
Advisory Services
Details
- Year established: 1984
Highlights and features
- We have 30+ years of experience in Canadian tax compliance and financial management.
- Our team holds CPA Canada certifications with specialized expertise in cross-border taxation.
- We provide integrated financial solutions combining tax planning, accounting, and advisory services.
- Our multidisciplinary approach addresses entertainment industry financial operations and high-net-worth family needs.
- We maintain continuous education in evolving Canadian tax legislation to ensure compliance.
Associations and certifications
- CPA Canada
Services
Accounting & Tax
Our accounting and tax services cover corporate and personal financial matters with full CRA compliance. We provide tax planning strategies, financial statement preparation, and cross-border filing coordination. Our CPA-certified team ensures optimal tax efficiency while maintaining regulatory compliance for domestic and international clients.
Business Management
Specialized business management for entertainment industry professionals. We handle day-to-day financial operations, cash flow monitoring, and contract tax analysis for touring artists and production teams. Our services include royalty tracking, budget variance analysis, and integrated financial coordination with creative teams.
Personal CFO
Personal CFO services for high-net-worth families, offering integrated wealth management and intergenerational financial planning. We coordinate family asset management, estate planning, and charitable giving strategies while maintaining communication between family members and their various advisors.
Corporate Services
Comprehensive corporate financial services including tax planning, financial statement preparation, and compliance management. We handle GST/HST filings, payroll tax compliance, and foreign tax coordination for Canadian corporations with cross-border operations and international business interests.
Advisory Services
Strategic advisory services covering succession planning, business acquisition due diligence, and exit strategy development. Our team provides management advisory, strategic goal analysis, and evaluation of entrepreneurial ventures to support long-term business growth and transition planning.
People
Lorne Sprackman
Partner Emeritus
Founder of the practice in 1984, Lorne Sprackman established the firm's commitment to quality service and regulatory compliance. His expertise in Canadian taxation forms the foundation of our multidisciplinary approach.
Patricia Terrence
Partner
Partner since 2007, Patricia Terrence brings extensive experience in cross-border tax compliance and entertainment industry financial management. She contributes specialized knowledge in foreign tax coordination and CRA dispute resolution.
Saqib Hussain
Partner
CPA-certified partner with expertise in corporate tax strategy and financial planning. Saqib specializes in succession planning, business acquisition due diligence, and strategic advisory services for corporate clients.
Joy Patel
Principal
BCom-qualified principal accountant focusing on personal financial planning and estate management. Joy provides tailored solutions for high-net-worth individuals and family wealth preservation strategies.
Sanniah Sosa
Manager
Experienced manager specializing in entertainment industry financial operations. Sanniah oversees cash management, royalty tracking, and budget variance analysis for touring artists and production teams.
Questions
What accounting services do you offer for corporations?
We provide tax planning, financial statement preparation, compliance management, GST/HST filings, and cross-border tax coordination for Canadian corporations with international operations.
How do you support entertainment industry professionals?
We offer specialized business management including cash flow monitoring, contract tax analysis, royalty tracking, and integrated financial coordination with creative teams for touring artists and production companies.
What personal CFO services are available for high-net-worth families?
Our personal CFO services include integrated wealth management, intergenerational financial planning, estate strategy development, and coordinated communication between family members and their various advisors.
Do you handle cross-border tax compliance?
Yes, we specialize in cross-border tax matters including foreign tax filing requirements, CRA dispute resolution, and coordination of international compliance for Canadian corporations and individuals.
What advisory services do you provide?
We offer succession planning, business acquisition due diligence, exit strategy development, and strategic goal analysis to support business growth and transition planning.
