Jeff Borschowa, CA

Partner, Facet Advisors LLP, Chartered Accountants

The newest member of our partnership team, Jeff facilitates the operation of the firm in Alberta and practices there. He has been a Chartered Accountant for over 13 years and has over 20 years’ experience in the field of accounting.  He focuses on providing business advisory and general consulting services to corporations through all stages of their life cycle – from start-up to windup. Jeff brings a broad range of experience to each client engagement, providing business advisory services tailored to the needs of each client.  Jeff believes that a solid personal relationship with each client is critical to success as an advisor, and more importantly key to a successful business enterprise for the client.

Jeff’s experience, working predominantly with owner-managed enterprises and financial institutions, allows him to provide unique solutions and perspective for clients.  He brings his experience to each engagement, assisting clients with creating business models, cash flow analysis, budget preparations and finance proposals. He works with his clients to implement and monitor the business strategies, either by building an internal team or facilitating external oversight of the accounting department.

Jeff is a member of both the Institute of Chartered Accountants of Alberta and the Institute of Chartered Accountants of British Columbia.

Quick Tips

Tax

Contribute to your RRSP early to maximize tax deferred growth.
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Tax

Utilize an Employee Health Services Plan in your business to reduce the after-tax cost of your medical expenses.
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Tax

Reduce taxes by donating stock with capital gains to your favourite charity.
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Business Management

Review your business to take advantage of all government training grants available.
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Debt Management

Businesses should match the repayment terms of debt to the life of an asset to avert liquidity problems.
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Business Management

Incorporate a holding company to help manage your business risks.
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Business Management

Use accounting software to compare your business performance to your budget.
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Business Management

Don’t make a business decisions based solely on tax consequences.
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Tax

Combine donations made by both spouses onto only one tax return to maximize the tax benefits.
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Financial Planning

Use life insurance products to protect your family and the value of your estate.
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Financial Planning

Compare your monthly income needs to long-term disability coverage.
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Debt Management

Where possible, seek financing options that are not due on demand.
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Debt Management

All things being equal, repay any debt with the highest interest rate first.
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Tax

Get your tax returns to your accountant early for timely filing.
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Debt Management

If possible, utilize financing options that calculate interest on net borrowings by offsetting cash balances that you may have against your debt.
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Tax

Save taxes with tax-free savings accounts.
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Business Management

Consider setting up a Board of Advisors for your business.
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Financial Planning

Create a retirement and wealth creation plan as early as possible with the help of your investment professional.
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Debt Management

Get out of non-tax deductible debt as quickly as possible.
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Financial Planning

Compare the after-tax returns for each investment rather than the before-tax returns.
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Tax

Use life insurance products to transfer wealth tax effectively to the next generation.
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Financial Planning

Improve the value of your business by preparing it for sale or transition; plan for it today even if you are not thinking of selling it.
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Tax

Review the allocation of investments between your RRSP and non-registered investment accounts to ensure investments are being held in the most tax advantageous manner.
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Tax

If you borrowed funds to purchase real estate from which you’ll earn income, the interest expense is deductible, unless the real estate is vacant land.
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Tax

Review your business activities to see if they qualify for the Scientific and Experimental Development tax credit.
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Tax

If your business is not incorporated, you can write off business losses against other income.
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Business Management

Make sure that your electronic data is backed up regularly and stored offsite.
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Tax

Snowbirds, note: A second home or cottage is regarded as personal-use property if used primarily by the taxpayer or a relative (or beneficiary).
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Financial Planning

Review and update your Will every two years or when situations in your life change.
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Tax

A single person can claim a tax credit for a dependent child, grandchild, sibling, parent or grandparent.
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Business Management

Make sure that you have a great bookkeeper.
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Tax

If you stayed home to raise young children, apply for the Child Rearing Drop-out when you apply for any CPP benefits.
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Debt Management

Take advantage of low interest rates to refinance and reorganize your debt.
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Tax

Use the advantages of the low corporate tax rate on active business income to defer taxes.
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Debt Management

Avoid carrying balances on credit cards.
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Tax

Income splitting pensions can reduce taxes.
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Business Management

Review all guarantees on a regular basis to ensure that, where possible, they are reduced regularly.
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“Facet has been taking care of the tax planning for my global business and non-profit interests for over seven years. Bottom line is they’re fantastic – they go above and beyond what’s expected. They’re sharp, keen, responsive and very creative in finding effective, cost-efficient solutions. Over the years, I’ve dealt with several people at the firm and have appreciated the can-do attitude from people who seem to be motivated to work there. My experience has always been very positive.”

—Peter Ash
Sagewood Holdings Ltd

In the Community

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Contact Us

If you'd like to talk to someone about our business and services, please call Darren Millard at

+1 604 534 3004