The technology industry is one of the fastest growing industries in British Columbia. Technology companies operate in an increasingly global and competitive business environment. As a result, technology companies regularly require external advisory services to guide them through their start-up and expansion phases, and to sustain growth on solid financial footing. Our Smythe Tech Group services clients in software development, electronic manufacturing, telecommunications, clean and green technology, health sciences and other related areas. Working with this diverse range of clients we have found that financial leadership at an early stage is the foundation for successful and sustained growth.

Our Services

  • Assistance in establishing an appropriate business and capital structure
  • Financial statement audits, reviews and compilations under Canadian and US accounting standards, as well as International Financial Reporting Standards (IFRS)
  • Assistance with SR&ED investment tax credit claims and related tax planning
  • BC Interactive Digital Media (BCIDM) tax credit claim assistance
  • Advice and consulting on the design of stock-based compensation, stock options and employee share ownership plans
  • Assistance with accounting for revenue recognition, preferred shares, stock-based compensation and other items
  • Assistance with the regulatory requirements and financial reporting considerations of going public
  • Financial due diligence for the purchase or sale of a business
  • Advice and consulting on corporate and capital structures
  • GST and HST compliance

Clients

Some of our many valued clients include:

  • airG Inc.
  • A Thinking Ape Inc.
  • Image Engine Design Inc.
  • Invoke Labs Inc.
  • Plentyoffish Media Inc.

“Our experience with Smythe has been nothing but excellent! They are professional and knowledgeable in various complex tax topics, including the technology industry. They go above and beyond when taking care of their clients, learning their businesses and meeting their needs. They are definitely our go-to firm when we need help with accounting or tax matters.” – A Thinking Ape Inc.

Our Recent Projects

Some recent examples of how we added value for our clients:

  • Purchase of a Metro Vancouver disk technology company by a client
  • Sale of software owned by Canadian subsidiary of a US-based client
  • Assisted iphone application start-up company with its capital structure taking into account founders, key employees and Angel investor
  • Corporate reorganization for a Canada – US cross-border business
  • Representation for SR&ED audit by Canada Revenue Agency
  • Stock-based compensation planning for senior executives
  • Assistance with cross-border transfer pricing audit
  • Identification of SR&ED eligible projects
  • BCIDM tax credit claim assistance
  • Preparation of treaty-based Canadian tax return for US limited liability company with complex ownership structure
  • Assistance with incorporation and transfer of start-up business and intellectual property financed using crowdfunding

Industry Involvement

We are proud to be a part of some of the most significant associations in the industry.  Attending events, networking with other technology industry professionals and presenting seminars are some of the ways we strengthen our connections with the industry.  We actively participate in the following associations:

Well Connected. Well Serviced.

We understand that technology companies require responsive financial advisors who can connect them with complementary professional services.

Through our association with Allinial Global, we are networked with accounting firms in major markets around the world.  We also have in-house specialists with in-depth knowledge of cross-border taxation issues and a close working relationship with US and international tax specialists at our affiliate offices.  This means seamless access to accounting, financial reporting and tax expertise in international markets.

Presentation & Publications

10 Things Every C-Level Executive Should be Thinking AboutHerve Leong-Chung

Stock-Based Compensation – Don’t Shoot the Messenger!, Tom Morton

Panel – Technology Industry Financing Strategies, Bill Macaulay

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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