Corporate Income Tax Services in Canada
Maroof HS CPA Professional Corporation is a full-service Corporate Tax Service provider based in Vaughan and Toronto in Ontario. We provide tax services to businesses of all sizes. Whether you are a home-based small business in Ontario, a corporation operational in different provinces of Canada or a Corporation having a presence in different countries including the United States; we can help you ensure compliance with tax laws.
Corporate Tax Preparation Services
A comprehensive range of corporate tax preparation services include:
- Preparation and filing of corporate income tax returns (T2)
- Canadian Corporations with US Tax compliance requirements
- US Corporations and LLCs with Canadian tax filing requirements
- Corporations having non-resident shareholders
- Tax Services for Non-Resident and Foreign Corporations in Canada
- Preparation of information returns including T4s, T4As and T5s
- Foreign assets, foreign affiliates, and other foreign reporting requirements such as T1134 and T1135.
- Corporate reorganizations, tiered corporate structures, and tax-free rollovers
- Transfer pricing documentation and information return filing
- Back tax filings for Corporations – multiple years of tax filing for corporations
- Voluntary Tax Disclosure and Tax Appeals
Corporation Income Tax Planning Services
We provide comprehensive corporate income tax planning for our clients. BY planning different transactions, inflows, outflows and taking advantage of all possible credits, the corporate tax burden can be significantly lowered.
We also help corporations and shareholders to plan both corporate and personal income taxes beforehand to optimize both the corporate and personal tax burden of shareholders. Lifetime capital gain exemption, tiered corporate structure and corporate reorganizations are some of the frequently provided services.
Back Filing of Corporate Income Tax Returns
If your corporation is falling behind in income tax return filings in Canada, we can help you file multiple years’ tax returns together. Struggling to complete bookkeeping for past years to complete tax compliance, no worries, we can help you there too!
Income Tax Services for Non Residents and Foreign Corporations
The tax rates & rules for non-resident corporations or foreign corporations in Canada are different than Canadian corporations. Further, Canadian corporations with foreign affiliates may have additional reporting requirements in Canada.
Some of the few matters where we can help Non-resident corporations include:
- Transfer pricing issues where non-resident corporations and Canadian corporations are dealing at non-arm’s length
- Pro-active income tax planning for non-resident corporations doing business in Canada
- Income tax return preparation and filing services for non-resident Corporations
- Information returns
- Tax issues related to non-resident shareholders of Canadian corporations
- Corporate and business structuring to ensure optimum tax efficiency
- Withholding tax issues
- Sales tax (GST/HST) related issues
Corporate Voluntary Disclosure Program
If your corporation is non-compliant for some reason, whether intentionally or by honest mistake, you might be eligible to correct the tax situation by submitting a VDP application. VDP protects the taxpayer from gross negligence and criminal prosecution and may help in the reduction of interest and penalties.
We prepare and file VDP applications along with past tax returns, adjustments, information returns, and subsequent CRA inquiries.
Last-Minute Tax Rescues – Corporations
Sometimes, it happens to fall behind deadlines!
Are your books a mess and you dread filing the corporate income tax return? Not sure, where to start from? Some team members left and you could not complete your books or your accountant forgot to tell you about a fast-approaching filing deadline! If this all sounds familiar, don’t worry, we can help you!
With expertise in working on large-scale accounting data and income tax compliance requirements, we specialize in helping clients to catch up on compliance.
Switch to Maroof HS CPA Professional Corporation, and your perfect compliance is our responsibility. Join the list of highly satisfied corporate clients
We also assist with:
- HST/GST returns preparation and filing
- Payroll Deductions and Contributions, and remittances
- Accounting and Bookkeeping