Chartered Professional Accountant located in Oakville

CORPORATE TAX PREPARATION

Scott Gray CPA, CMA is a chartered professional accountant. He and his team are available to act as your corporate tax accountant helping your business with all the in’s and outs of corporate tax preparation. We service businesses in Oakville, Burlington, and the surrounding areas.

CORPORATE TAX

Corporate tax is a complex and technical area of expertise. Whether a company is a small start-up business or multi-million-dollar entity, each business has its own unique tax filing requirements and tax-saving opportunities.

SMALL BUSINESS OWNERS

Many small business owners in Canada are unaware of the various deadlines for filing and payment of taxes for their corporations. It is important to ensure that deadlines are met in order to avoid interest and penalties. As your corporate tax accountant, we ensure that you file your return no later than six months after the end of each tax year.

YOUR TAX YEAR

The tax year of a corporation is its fiscal period. When the corporation’s tax year ends on the last day of the month, returns should be filed by the last day of the sixth month after the end of the tax year. If there is corporate tax income owing then payments must be made no later than three months after the end of the tax year.

We can take care of filing nil returns for inactive corporations, innovative tax planning to ensure that your corporation falls within the small business deduction limit and your losses are being properly carried forward or carried back so that you are paying the least amount of corporate income tax.

SERVICES OFFERED:

  • Corporate tax return (T2) preparation
  • Corporate tax planning
  • Holding company structuring
  • Salary vs. dividend consideration
  • Income and capital tax minimization
  • GST/HST return filing

QUESTIONS WE ARE OFTEN ASKED?

  • What is the Corporate Tax Rate?
  • How Should I prepare for Tax Season?
  • How Should I File Taxes
  • How Do I Calculate Capital Cost Allowance?
  • Can I File My Own Corporate Taxes in Canada?
  • What Are Audited Financial Statements?

For answers visit Corporate Tax FAQs