Corporate Tax & Financial Statements
Need financial statements? No problem! Corporate tax returns and planning? We do that. But that’s only half the picture.
We pride ourselves on being responsive and making sure your business and your family pay as little tax as possible. Planning is built into everything we do and we are experts at helping Canadian private companies grow. Our corporate tax and trust expertise means we can help with anything your business throws at you. But you don’t have to take it from us, just ask our customers.
Tax Return Preparation
Corporate Tax Returns
Your corporate tax return has to be filed within six months of your corporate year end to avoid penalties but taxes owing must be paid within two or three months. Here’s what you need to know about corporate income tax returns and how we handle them for our clients.
Personal Tax Returns
Personal tax preparation for entrepreneurs like our clients takes upfront tax planning. Since we handle our clients’ bookkeeping, personal tax return preparation is easy for us to take care of, freeing clients up to focus on their businesses.
These returns have to be filed at specific times. We handle trust returns for our clients and explain when you might want to consider implementing different types of trusts.
Specific tax returns may have to be filed upon death and by specific times. Here’s what you need to know about estate returns to ensure you’re in compliance.
Year End Financial Statements
Audit, Review, Compilation financial statements, and bookkeeping reports.
Tax Planning Services
Over time, you may need to restructure your corporation to make it more tax effective or to achieve other business or succession objectives. This happens because of legislative changes, changes to your business, and changes in your life in general. We work with our clients to determine the most tax-effective structure and, if necessary, implement a corporate reorganization, and periodically review your situation to ensure it’s still working for you.
Tax Consultants & Advisors
Our tax consulting services are designed for business owners who want to turbocharge their businesses while freeing themselves from unnecessary stress and anxiety.
Many people have questions about the shareholder’s loan account on the balance sheet. Discover what a shareholder’s loan is and how the CRA treats debit balances.
Salaries Vs. Dividends
As a business owner, should you pay yourself a salary or dividends? There are advantages to each but you may be better off choosing one over the other, depending on the tax bracket you fall into.
Lifetime Capital Gains Exemption
The lifetime capital gains exemption is a major benefit when you sell your business. But there are circumstances that preclude you from getting the exemption. We ensure our clients are positioned to use the exemption well before they put their businesses on the market.
When it comes to taxes, there are some questions we hear all the time. Check out our Tax FAQs for answers to some of our most common question.