Corporate Tax Services
Corporate tax is about more than preparing an annual tax return.
Business owners regularly face decisions involving compensation, investments, financing, ownership changes and the use of corporate funds. These decisions can have significant tax consequences for both the corporation and its shareholders.
We provide corporate tax advisory, planning and compliance services to privately held Canadian businesses and incorporated professionals.
Corporate Income Tax Returns
We prepare corporate income tax returns and related filings for Canadian private companies.
Our approach is to understand the business and identify tax issues and planning opportunities as part of the compliance process.
Owner Compensation Planning
We help business owners determine how and when to withdraw funds from their corporations. This may include:
Salary versus dividends
Bonus planning
RRSP and CPP considerations
Personal cash flow requirements
Retaining funds in the corporation
Timing of compensation
GST/HST
We assist businesses with GST/HST registration, compliance and advisory matters, including determining whether supplies are taxable, exempt or zero-rated.
Growing and Changing Your Business
Tax planning becomes particularly important when you are:
Incorporating a business
Adding a shareholder
Purchasing or selling a business
Bringing in a business partner
Restructuring your corporation
Investing corporate funds
Preparing for succession or retirement
Proactive Advice Throughout the Year
Many of the most valuable tax planning opportunities need to be considered before the corporation's year-end.
We work with business owners throughout the year to review profitability, compensation, investments and upcoming transactions so that tax decisions can be made proactively.