At Smythe we understand the significance of the oil & gas industry to the global economy, and have years of experience and extensive knowledge dealing with oil & gas companies in a number of areas. We can assist with accounting, tax and other comprehensive services tailored to the oil & gas industry. We also have extensive knowledge providing advice regarding the purchase and sale of resource properties. Our industry knowledge of exploration and development allows us to effectively analyze your situation and provide meaningful advice regarding tax and business matters.

International Experience

We recognize the need to be adaptive and responsive to emerging trends in order to anticipate risks and operate more efficiently within the oil & gas industry. Our team can help you meet these requirements, as well as offer customized solutions on structuring complex international projects, tax minimizing strategies, financing, understanding evolving accounting standards, and more.

Our team serves many junior oil & gas clients with properties and operations in Canada and the United States. As part of our association with Allinial Global, we are connected to member firms in countries worldwide. As a result, we are able to provide our international clients with seamless access to accounting, financial reporting and tax expertise in all international markets including Australia, the United Kingdom, Africa, Central and South America, Mexico, Russia and Malaysia.

Our Services

We have developed our services to help clients address the key issues in the industry. These include:

  • Statutory and non-statutory audit and assurance
  • Financial advisory
  • Transaction services and financial due diligence
  • Assistance and support in filing prospectuses for IPOs and other public offerings
  • Corporate tax advice including group structuring to minimize tax liability, BC Mining Exploration Tax Credit and flow-through shares
  • IFRS consulting
  • Valuation services
  • Audits of internal controls over financial reporting
  • Assistance with flow-through share investment for individual investors (view cost chart here)


CPA Canada and the Canadian Association of Petroleum Producers (CAPP) and the Small Explorers and Producers Association of Canada (SEPAC) created the Oil and Gas Industry Task Force on IFRSs to share views on IFRS application issues of relevance to junior oil and gas companies. Topics available for free download can be found here.

March 8, 2018

Phasing out of the Health and Welfare Trust Regime

Health and Welfare Trust A health and welfare trust (HWT) is not defined in the Income Tax Act (the Act). In general terms, a health and we...
January 19, 2018

Announcing our acquisition of Brewer Edge LLP

Smythe LLP is pleased to announce their acquisition of South Surrey-based CPA firm Brewer Edge LLP. The Brewer Edge team, led by Gary Brewer...
December 15, 2017

Tax Update: Simplifying Income Sprinkling

On December 13, 2017, the Department of Finance released revised draft legislative proposals in respect of the tax on split income (“TOSI...

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