CORPORATE TAX

Hire An Experienced CPA for Corporate Tax Filing

Our team has extensive knowledge of and experience with the Canadian Federal and Provincial Tax Laws and Regulation, which aids our clients in handling all the requirements for corporations to file their taxes efficiently and accurately. It is our priority to share our knowledge with you through tax planning and ensuring our clients are aware of and can take advantage of tax breaks and rebates available within the Canadian Income Tax Act

Filing Corporate Tax Returns

Apart from registered charities, all resident corporations must file a T2 Return for each tax year, regardless if there are no taxes payable.

Resident Corporations Include:

• Non-Profit Organizations
• Tax Exempt Corporations
• Inactive Corporations

Non-Resident Corporations

For a non-resident corporation, it must file a return if at any point in the tax year one of the following has occurred:

• The corporation engaged in business in Canada
• The corporation had taxable capital income in Canada
• The corporation distributed taxable Canadian property

Corporate Tax Schedules

Some commonly filed Corporate Tax Schedules we help our clients with include:

• Schedule 1- Net Income is converted to Taxable Income
• Schedule 2- Charitable Donations
• Schedule 3- Dividends Received and Paid by the Corporation
• Schedule 4- Corporation Losses to be carried back or forward
• Schedule 5- Summary of Disposition of Capital Property
• Schedule 6- Capital Cost Allowance (CRA Depreciation of Capital Assets)