Corporate Tax

Corporate Tax Filing Services for Small Corporations in Canada

At Irvin Accounting & Tax Services, we offer comprehensive corporate tax filing services designed specifically for small corporations in Canada. We understand the complexities that come with managing tax obligations, and our goal is to ensure that your business remains compliant with the Canada Revenue Agency (CRA) while minimizing your tax liabilities.

Our services include:

1. Corporate Tax Return Preparation and Filing
   We handle all aspects of preparing and filing your corporate tax return (T2), ensuring it is accurate, timely, and fully compliant with Canadian tax laws. Our team of experienced tax professionals works with you to gather the necessary financial information and ensure all tax deductions, credits, and exemptions are properly applied.
2. Tax Planning and Strategy
   Small corporations often face unique challenges in managing their tax burden. We provide tailored tax planning services to help you develop strategies that minimize taxes, take full advantage of tax credits, and align with your long-term business goals. This includes advice on capital gains, dividends, and business expenses that can reduce your taxable income.
3. Financial Statements and Bookkeeping Assistance
   Accurate financial records are crucial for preparing your corporate tax return. Our team can assist with bookkeeping, ensuring your financial statements are in order, and provide you with reports that facilitate an easy and efficient tax filing process. We can help with income statements, balance sheets, and other financial documentation required by the CRA.
4. Advice on Deductions and Credits
   Small corporations may be eligible for various tax credits and deductions, such as the Small Business Deduction, Scientific Research and Experimental Development (SR&ED) tax credits, and more. Our experts will guide you through all the available options to help reduce your tax liability and improve your cash flow.
5. CRA Compliance and Audits
   Compliance with CRA regulations is vital to avoid penalties and interest. We ensure that your corporation is fully compliant with all filing deadlines and regulatory requirements. If your business is selected for an audit, we provide expert assistance and represent you to resolve any issues efficiently.
6. Post-Filing Support
   After your tax return is filed, we provide ongoing support for any follow-up queries from the CRA, such as notices of assessment or additional information requests. We help you navigate any post-filing adjustments or disputes to ensure your business remains in good standing with the tax authorities.
7. Tax Optimization for Shareholders and Dividends
   For small corporations, understanding the most tax-efficient way to distribute earnings to shareholders is crucial. We provide guidance on dividend strategies, salary versus dividends, and the use of corporate structures to optimize tax outcomes for both the corporation and its shareholders.

Why Choose Us?

• Expert Knowledge: Our team of tax professionals has in-depth knowledge of Canadian tax laws, particularly those affecting small businesses and corporations.
• Personalized Approach: We understand that every business is unique. Our services are customized to fit your business needs, ensuring you get the maximum tax benefit.
• Timely and Accurate Filing: We prioritize meeting deadlines and maintaining accuracy to avoid costly penalties and interest charges.
• Ongoing Support: We’re here to guide you throughout the year, not just at tax time.

Let us take the complexity out of corporate tax filing and help your small business stay compliant while maximizing its tax advantages. Contact us today for a consultation and let us handle your corporate tax needs with care and precision.