Corporate tax services, built around your business.
From T2 returns to year-round tax planning, we keep your corporation compliant and your tax bill as low as the law allows.
Book a Free ConsultationFrom T2 returns to year-round tax planning, we keep your corporation compliant and your tax bill as low as the law allows.
Book a Free Consultation
We prepare and review T2 schedules with audit readiness in mind, ensuring every figure is supported, every deduction is captured, and every carryforward is optimized to minimize your overall tax exposure.
We align your financial statements with CRA coding for accurate year-end reporting and handle CRA E-FILE submission with full compliance, so your return is not just filed, but filed right.
We start with your year-end financials and gather everything needed for your T2 return. We confirm deadlines, identify planning opportunities, and flag anything that needs attention before we begin.
We prepare your T2 corporate income tax return, capturing all deductions, considering available elections, and ensuring the filing is fully compliant with current CRA requirements.
Before filing, we walk you through the return, covering the key figures, your tax owing or refund, and any planning notes for the coming year. No surprises, no unexplained numbers.
We file electronically with CRA on your behalf, confirm acknowledgment, and remain available for any CRA correspondence, reassessments, or questions that arise after filing.
Whether you're behind on filings, planning for year-end, or looking for a firm that takes your tax seriously. We'll tell you exactly what's needed, what it costs, and how long it takes.
Book a Free ConsultationYour T2 is due six months after your fiscal year-end. However, any tax owing is due within two months of year-end, or three months if you qualify as a CCPC with active business income under the small business limit. Late payments attract daily compound interest, so planning ahead matters.
We'll need your year-end financial statements or bookkeeping records, bank statements, details on any capital purchases, prior year returns for reference, and any shareholder loan or dividend documentation. The more organized your records, the faster and more cost-effective the process.
Yes, reasonable salaries paid to owner-managers who actively work in the business are deductible, provided they are properly documented. The optimal level depends on your personal tax rate, CPP obligations, and income-splitting strategy. We help you find the right balance.
Missing the T2 filing deadline triggers a late-filing penalty of 5% of the balance owing, plus 1% per month for up to 12 months. Interest on unpaid taxes compounds daily. If you've missed a deadline, file as soon as possible, and voluntary disclosure may also be available. We can help you get back on track.
The small business deduction reduces the federal corporate tax rate on the first $500,000 of active business income for CCPCs. In BC, the combined rate for eligible income is significantly lower than the general rate. Eligibility depends on your structure and income type, and we confirm it on every T2.
Yes, GST/HST returns are filed separately from your T2. Most businesses file quarterly or annually based on revenue. We handle both, ensure your input tax credits are fully captured, and keep your remittance schedule on track with no gaps in reporting.
A shareholder loan arises when money flows between you and your corporation. CRA requires most loans to be repaid within one year of fiscal year-end, or the amount is added to your personal income. Shareholder loans are one of the most common sources of unexpected tax consequences for incorporated owners.
The most effective strategies include optimizing your salary-dividend mix, timing year-end expenses, maximizing deductions, and qualifying for the small business deduction. The right corporate structure can also provide significant long-term savings. These decisions are best made before year-end.
