Family Administration

Stendal maintains the books for Holdco #1, recording transactions in the general ledger and producing a current trial balance ready for the annual financial statements and tax return.

Stendal maintains the books for Holdco #2 on the same monthly cadence, ready for annual financial statements and the T2 tax return.

Stendal maintains the family trust books, tracking capital and income receipts and disbursements separately as required by trust law and ensuring distributions are properly characterized for the T3 return.

Stendal ingests the family trust's portfolio activity directly from the custodian's electronic feed, eliminating manual reconciliation and producing real-time position reporting.

Stendal maintains the books for each Asset Protection Trust on the same monthly cadence as the family trust, preserving the documentation required to defend the trust's status if challenged.

Stendal compiles the annual income tax information package for each holding company (T2 working papers, supporting schedules, dividend tracking, ACB roll-forward) and hands it to the family's preparer.

Stendal prepares the annual financial statements for Holdco #1 in accordance with ASPE or other appropriate framework, ready for tax filing and bank reporting.

Stendal prepares the annual financial statements for Holdco #2 to the same standard.

Stendal prepares the family trust's annual financial statements covering opening balance, receipts, disbursements, and closing balance by capital and income.

Stendal prepares annual financial statements for each Asset Protection Trust on the same framework, documenting the trust's transactions for trustee, beneficiary, and regulatory purposes.

Stendal reconciles bank account balances for every entity in the family's structure monthly, catching errors, missed transactions, and unauthorized activity within the month rather than at year-end.

Stendal verifies the family's outside statements, bills, and reports (custodian, insurance, utility, professional fees) against expected charges and contracted rates, flagging anomalies.

Stendal maintains a personal household bookkeeping ledger and tracks monthly spending against the family's annual budget, surfacing variances for the quarterly review.

Stendal prepares and files Canadian personal tax returns (T1) for each adult family member, integrating the year's tax-planning decisions into the filing.

Stendal manages CRA personal tax audits and information requests on behalf of family members, drafting responses and coordinating with counsel for any escalation.

Stendal prepares the T2 corporate tax return for each holding and operating company, integrating the year's compensation, dividend, and inter-company strategies.

Stendal manages CRA corporate audits and information requests on behalf of each entity, defending the planned positions and coordinating with counsel as needed.

Stendal prepares and files GST/HST returns for operating companies on the filing schedule CRA has assigned (monthly, quarterly, or annual), tracking input tax credits and net remittances.

Stendal prepares the annual T4 (employment) and T5 (investment income) slips and the related information returns, delivered to recipients by the February 28 CRA deadline.

Stendal prepares and files the family trust T3 return within the 90-day deadline, allocating income properly between the trust and beneficiaries to minimize combined tax.

Stendal prepares and files the T3 return for each Asset Protection Trust on the same 90-day deadline relative to that trust's year-end, preserving the trust's planned tax treatment.

Stendal prepares the T3 slips for each beneficiary by the same 90-day deadline so beneficiaries can integrate the trust income into their personal T1 returns on time.

Stendal manages CRA trust audits and information requests, defending the trust's planned positions and coordinating with counsel for any escalation.