Family office services

Managing the business of the family


Families are constantly changing as they adapt to new social and financial demands. From assessing the best charitable giving strategies, protecting and diversifying family wealth, managing family cohesion and establishing family governance, managing the business of the family can be complex and time consuming. A well-established family office gives you back the time you need to focus on your family legacy and turn your vision into reality.
 

 

Our integrated approach

Our Family Office Services are customized to every family’s unique requirements. And our multidisciplinary team of advisors works with you to develop a tailored, cost-effective solution that’s right for you.

 

 

You’ve worked hard to build your family’s wealth. You may have significant investments in real estate, securities, and artwork. Understanding how that wealth is invested, protected, and distributed is important. Investment monitoring, reporting and education are just a few areas where a family office can add significant value. A family office should look at your entire net worth and help you “see the forest for the trees.”

Investment Management Services:

  • Investment education and service provider review

  • Investment tracking and perfomance reporting 

There are a number tax returns that must be prepared for your corporations, your trusts, and your individual family members. International investments or non-residents add significant complication to that reporting. Your family office can take care of the annual reporting and ensure proper planning is done to efficiently plan your affairs.

Accounting & Tax Services:

  • Compliance / tax preparation

  • Financial statement preparation

  • Tax and estate planning

  • Assurance / Audit services

A family office can assist you with determining your family’s gifting philosophy, establishing charitable foundations, or selecting appropriate charities for gifts. The timing, and nature of your family’s charitable gifts can be done to maximize tax credits and minimize tax bills.

Charitable Giving Services:

  • Facilitate setting up foundations

  • Planning and executing charitable donations

In addition to your annual resolutions and corporate filings, additional legal documents will need to be prepared for any transactions undertaken during the year. These transactions may include tax planning, real estate transactions, or even your will preparation.

Legal Services:  

  • Corporate

  • Trust

  • Partnership

  • Transactional

Each family is unique and each member of the family brings their own knowledge and experience. Finding harmony and agreement amongst these voices can be challenging. A family office can help facilitate family communication and governance to ensure your family’s wealth transfers across generations.

Planning & Governance Services:

  • Family facilitation

  • General education and planning

  • Succession planning

  • Family and corporate governance

  • Evaluation of entrepreneurial ventures

A family office can take care of many of the behind the scenes tasks that must be completed on an ongoing basis. This includes bookkeeping for your family’s investments, forecasting cash needs, document retention and filing, and evaluating your various insurance requirements.

Administration Services:

  • Personal financial management

  • Bill payment facilitation

  • Document and record management

  • Cash flow reporting and forecasting

  • Risk management

  • Trust administration

  • Real estate services


Meet your team

Jason Safar

Jason Safar, Partner

Jason Safar is the Family Office services leader for PwC Canada. He specializes in high net worth taxation, working exclusively in the area of tax planning for Canadian private companies and their shareholders. He has a wealth of experience dealing with entrepreneurs in all stages of their professional and personal lives.

Jason believes that the key to providing good tax advice is a thorough understanding of the goals and objectives of the ownership group.  It is only with the goals of the owners in mind that consistent and rational tax planning can be migrated throughout the corporate structure.

Jason is a member of the Society of Trust and Estate Practitioners and is regularly quoted in print and electronic media on matters pertaining to taxation and private companies.  He has taught several levels of the CICA In-Depth and Owner Manager Tax courses to tax practitioners across the country. He has also taught introductory tax courses with the McMaster University Continuing Education Department. Jason joined the firm in 1992. He is a Chartered Accountant who received a Bachelor of Commerce degree from the University of Toronto.

905 815 6399

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Chantal Copithorn

Chantal Copithorn, Partner

Chantal is a partner in the High Net Worth tax group of PwC.  She focuses in the area of tax planning and compliance for shareholders of private companies and other high net worth individuals. She advises on tax planning for estates, use of trusts, will planning, distribution planning for corporations and trusts and charitable giving strategies.

Chantal joined PwC in 2003 and obtained her Chartered Professional Accountant (CA) designation in 2005. She is currently pursuing her Trust and Estate Practitioner designation.

 

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Luigi De Rose

Luigi De Rose, Partner

Luigi is a tax partner and business adviser in the Private Company Services and Family Office services groups at PwC Canada. He has 20 years of experience providing complex tax planning services, and business advice to high-net-worth families and owners of private companies.

Luigi has taught at the CPA Ontario School of Accountancy and was a part-time MBA instructor at the Schulich School of Business.  He is also a lecturer for CPA Canada’s In-Depth Tax Issues for the Owner-Managed Business course and has presented at the Society of Trust and Estate Practitioners’ annual tax update seminars. He has also authored articles for PwC Canada’s Wealth and Tax Matters publication, and the Canadian Tax Foundation’s Tax Highlights publication.

Luigi is an active member of the Italian Chamber of Commerce of Ontario (ICCO) and sits on the Humber River Hospital Foundation board, where he is involved in the oversight of the foundation

905 418 3421

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Sabrina Fitzgerald

Sabrina Fitzgerald, Partner

Sabrina is a tax partner in the Private Company and Family Office Services group providing consulting services and tax compliance services to companies of all sizes as well as working with family owned and operated businesses.  

In her over 18 years of experience, she has assisted clients with continuity, estate and succession planning including looking at the entire system to compliance planning in order to support the continued tax health of an organization. She advises a number of private companies in various industries, including real estate, technology, distribution and manufacturing.

As a designated Family Enterprise Advisor (FEA), she is trained in the science of family enterprise advising, she believes that planning early is key to ensuring a successful continuity and transition.  Sabrina has significant experience working directly with family owned businesses in assisting in guiding and facilitating meetings with the family, the owners and the management.  Sabrina believe that having meaningful conversations is key to ensuring firm continuity, next generation preparation, and ensuring the right governance as needed by the family firm.  

519 570 5758

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Quillan Quarrington

Quillan Quarrington, Senior Manager

Quillan is a Senior Manager in the Private Company and Family Office services groups of PwC Canada, specializing in providing tax compliance and planning for private companies and their shareholders.  

Prior to re-joining PwC in 2015, Quillan was the Chief Financial Officer for an oil and gas services company operating on both sides of the Canada-US border.  This experience gave him a practical, first-hand perspective of issues facing private companies.

Quillan graduated from the Ivey School of Business at Western University and has completed the CPA Canada In-Depth Tax Course.

905 815 4331

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Angela Ross

Angela Ross, Partner

Angela is a principal in the High Net Worth tax group of PwC.  Working exclusively in estate planning, Angela is responsible for providing sophisticated estate planning services to shareholders of private and public companies and to other wealthy individuals. She advises on will and probate fee planning, tax planning for estates, charitable giving strategies, immigration and emigration planning, the use of domestic and offshore trusts and their taxation, buy-sell planning, estate freeze and capital gains exemption planning techniques, creative uses of insurance and distribution planning for corporations and trusts.

Angela has over 20 years of experience in providing high-end tax advice and planning to clients. Angela graduated with an LL.B. from the University of Toronto and was called to the Ontario Bar in 1997.  She practiced for over 9 years as a tax lawyer in both an in-house counsel role and in a top-tier Toronto law firm.  She is a member in good standing at the Law Society of Upper Canada, a member of the Canadian Tax Foundation, Ontario Bar Association, Law Society of Upper Canada the Society of Trust and Estate Practitioners.

Angela is the current tax advisor to CALU and has spoken at conferences sponsored by the Senior Estates and Trusts Practitioner Forum, the Society of Trust and Estate Practitioners, the Conference for Advanced Life Underwriting and the National STEP conference multiple times. Angela has also authored articles for the Canadian Tax Foundation, the Conference for Advanced Life Underwriting and Federated Press.    

416 218 1541

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Beth Webel

Beth Webel, Partner

Beth is a partner in the High Net Worth tax group of PwC focusing on tax planning for Canadian private companies and their shareholders, and planning for entrepreneurs in all stages of the business and personal lives.

Beth is recognized in the area of cross-border estate and trust taxation for business owners with US family members. She is a frequent presenter on trust and estate taxation, the author of several PwC trust and estate planning articles, including the US Estate Tax Bulletin series.

Beth currently sits on the Board of the Hamilton Community Foundation. She is a founding member of Women 4 Change, a fund focused on improving the lives of local girls and women and providing opportunities for women to increase their philanthropic knowledge and opportunities.

905 815 6400

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Want to learn more?

If your net worth is more than $30M and you think a family office is right for you, contact us for a free consultation.

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