Corporate Income Tax Filing
As a crucial responsibility for directors in Canada, managing your corporation's tax affairs encompasses accurate and timely tax filings and payments to the Canada Revenue Agency (CRA). This duty includes not just the timely submission of Corporation Tax but also ensuring all payments are made within deadlines set by the CRA.
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The repercussions of delinquency in Corporation Tax payments can be severe, including potential business closure. In Canada, GST/HST/QST payments, along with Corporation Tax, are critical, with the CRA enforcing strict compliance.
Corporation Tax Returns:
The challenge of late client payments exacerbates the importance of diligent financial management. Our professional accounting team provides comprehensive
services to handle your Corporation Tax administration, aiming to reduce liabilities and enhance benefits.
Ensuring Corporation Tax Compliance:
Our services are meticulously designed to ensure your corporation fulfills all tax compliance obligations, adhering to CRA deadlines and avoiding penalties.
Filing Timely: Corporation Tax filing deadlines in Canada depend on your fiscal year, with penalties for lateness or inaccuracies.
For example, if your fiscal year ends on December 31st, your Corporation income tax return is due six months after the fiscal year end.. Late filings incur fines and interest, with potential for escalated penalties for repeat offenses.Corporation Tax Assessments: We prepare and file your annual Corporation Tax documents, navigating the complex requirements and ensuring accuracy.
Minimizing Your Corporation Tax:
Our goal is to minimize your tax bill, leveraging tax reliefs and opportunities, including:
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Expenses
Maximizing tax-deductible expensesfrom stationery to staff uniforms.
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Dispute Resolution
Saving you time and money by liaising with the CRA on your behalf.
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Annual Investment Allowance
Advising on tax relief for investments in businessassets classifiable as plant and machinery.
Other Tax Reporting Services
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