Chartered Professional Accountants providing exceptional service in a timely manner.

Qualified Chartered Professional Accountants
Serving Grande Prairie Since 2004

Our team of friendly, knowledgeable, chartered professional accountants is dedicated to expertly serving the businesses of Grande Prairie, Alberta and the wider area. No matter your industry, the size of your team, or the age of your business, our knowledge and qualifications in business and tax accounting can take you where you need to go.

Our Services

We offer a full range of accounting services, tax planning, corporate and personal income tax return preparation, GST return preparation, estate planning, and everyday business advice. Whether you need the long-term support of a qualified business accountant or are just looking for some assistance with your GST returns, trust in the chartered professional accountants at Deverdenne Davis Cyr LLP to deliver the highest levels of quality and professionalism.

We are dedicated to providing your business with the best possible service, with the levels of effective planning and integrity that you would expect from a firm handling your financial affairs. We work closely with a number of Tax Accountants and Tax Specialists in Grande Prairie and throughout Alberta to ensure that all your tax needs are being met. We use a number of professionals who specialize in different areas of federal tax, provincial tax, GST and PST to ensure we can meet all your tax needs.

Our Values


Above all else, our team is dedicated to honesty and transparency when it comes to our client interactions. We will always treat your business information with discretion and professionalism.


By choosing Deverdenne Davis Cyr LLP, you gain more than just the support of qualified chartered professional accountants - you are choosing to extend your business family. We work alongside our clients every step of the way, celebrating your success as our own.


Deverdenne Davis Cyr LLP is proudly based in Grande Prairie, Alberta. We are committed to helping our community prosper, and we are pleased to sponsor a number of local organizations and events each year.


We are always looking for new ways to go green. Deverdenne Davis Cyr LLP is a paperless firm, with paper consumption reduced by 90% since 2008.

Call Us Today! 780-814-7474

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There are new trust reporting requirements effective for 2023 which now require many taxpayers to file trust returns.

These rules apply to many common ownership situations. There may be substantial penalties for not filing a return when required. It is important that you review the information below to determine if any of the scenarios apply to you.

Generally, a trust return is required to be filed 90 days after December 31st to avoid penalties. A T3 return is now required for bare trusts.

A bare trust exists when the person on legal title of an asset is not the beneficial owner of the asset. This may be documented with a bare trust agreement; however, many bare trust arrangements can exist without an agreement.

Common examples of bare trusts that require a T3 Trust return to be filed for 2023 include, but are not limited to:

  • Your name was added to the title of your children’s house to assist with financing.
  • You have added your child(ren) to title on any assets for estate planning purposes, but they are not the beneficial owners. This may include children added to the title of farmland.
  • A building paid for with company funds on land that you own personally.
  • Adding a person to the name of a bank account or investment account with over $50,000 of value in the year.

T3 trust filings are also required for Family Trusts, Spousal Trusts, Testamentary Trusts, Blind Trusts, etc., subject to the 2023 trust filing guide to be released by the Canada Revenue Agency.

Subject to certain exemptions, the following information is required to be provided with trust filings for the settlor, trustees, beneficiaries, and any person who has influence over the trustee’s decisions:

  • Name,
  • Address,
  • Date of birth,
  • Jurisdiction of residence, and
  • Taxpayer identification number (SIN, B/N, trust account number, foreign SSN, etc.).

The penalty for a missed filing is $25/day up to $2,500. If the return is knowingly not filed, the penalty is the greater of $2,500 and 5% of the fair value of all the property held by the trust. For example, if you are on title of a property for estate planning purposes, this may be a bare trust arrangement. If the property has a value of $500,000 and you knowingly do not file a return, there is a risk the CRA could apply a penalty of $25,000.


103, 10501 - 67th Avenue
Grande Prairie, AB
T8W 0K8

Phone: 780.814.7474
Toll free: 1.877.814.7474
Fax: 780.814.7409

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