Corporate Tax Services
Why Choose Us as Your Corporate Tax Accountants?
At AgileCPA, we’re not your average Toronto accounting firm. We focus on building long-standing business relationships with our clients through active listening, providing unbiased advice, and leveraging technology to better serve you and your business needs. We hold strongly to our values and ideals.
Corporate Tax Services in Toronto
As a corporation, everything you do has some sort of tax implication. The Canada Revenue Agency corporate tax laws change year over year and new regulations come into play that are more and more complex. It’s a lot to manage on your own, so that’s why we’re here to help make sense of it all.
Corporate Tax Return Filings: Canadian Resident Corporations
Pursuant to the Canada Revenue Agency (CRA) you are obligated to file a corporate tax return every year (barring you are not a crown corporation or resident charity) regardless of the amount of tax payable. This includes active, inactive or dormant corporations. When preparing the T2 tax returns, AgileCPA will always strive to achieve two things:
- Optimize taxes based on your situation
- Minimize the chance of CRA audits
- Organize all supporting documents in preparation of a possible audit
Corporate Tax Return Filings: Foreign Owned Corporations
Many foreign companies expand their business into Canada. They can set up their business as a branch (non-resident corporation) or a subsidiary, and both of these structures will also require an annual tax filing. International taxes can be very complex, and AgileCPA’s goal is to help these companies prevent double taxation.
GST/HST Sales Tax Filings
Most businesses are required to collect and remit sales taxes to the CRA or the provincial governing bodies (and mandatory if the company makes more than $30,000 per year). AgileCPA will help assess the situation to ensure your company is compliant with the sales taxes collection process in the different Canadian provinces. We will also prepare and file HST returns, while taking into consideration all Input Tax Credits (ITC’s) that are available to you. Our goal is to help reduce any amount of tax owing or maximizing your refund.
Information Slip Filings (T4s and T5s)
If you have employees and/or contractors or decide to issue dividends, it is mandatory to file these informational slips annually on or before February 28. AgileCPA can help businesses file these slips accurately and on time to prevent penalties and interest charges.
Tax Planning
Minimizing your taxes payable is the goal for many businesses. However, depending on the situation, you might require more advance tax planning to achieve the minimal tax owing. For example, if you want to transfer shares to your children or purchase an investment property, it will be very advantageous to plan ahead and make sure that you’re doing everything correctly. AgileCPA will take the time to understand your situation and analyze your needs in order to structure your business in the most tax-efficient way possible.
Correspondence/Audit Support with CRA
Ad Hoc Tax Compliance Issues
Depending on the situation, there might be forms or elections that you are required to file, either for compliance or tax minimization purposes. AgileCPA will be there to help you navigate these complexities and ensure we keep you on top of all these different tax laws.
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Ready to Get Started?
Let’s Talk About How We Can Partner to Help Your Company Grow and Scale While Remaining Compliant and Keeping Your Stakeholders Happy.
Frequently Asked Questions
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