CORPORATE TAX
Optimize your business’s tax strategy with expert corporate tax accounting services from XPRT Accounting. Our experienced accountants help Toronto-based companies navigate complex tax regulations, minimize liabilities, and maximize savings—ensuring compliance and long-term financial growth. Let us handle your corporate taxes so you can focus on scaling your business.
Strategic Tax Solutions in Canada
Corporate Tax Accounting
XPRT Accounting is a full-service accounting firm offering comprehensive tax solutions for Canadian corporations. Our team of Chartered Professional Accountants (CPAs) specializes in corporate tax planning, compliance, and strategic financial solutions tailored to meet the unique needs of businesses. Whether you’re a startup or an established company, we provide expert guidance to help you minimize tax liabilities, maximize savings, and ensure full compliance with ever-changing regulations. Partner with us for proactive tax strategies that drive business success.
- Submission of Corporate Tax Return (T2)
- Tax Efficiency Planning
- Compilation of Financial Statements (Notice to Reader (NTR))
- Estimated tax payments
Why Choose XPRT Accounting as Your Business Tax Accountant?
At XPRT Accounting, we provide customized tax strategies tailored to align with your company’s goals, ensuring compliance, minimizing liabilities, and maximizing savings.
Our comprehensive Corporate Tax services include:
Tax Planning
Strategic solutions to reduce tax liabilities and optimize financial performance.
Compliance Services
Accurate preparation and filing of corporate tax returns, ensuring full regulatory compliance.
Audit Support
Professional assistance in navigating tax audits and regulatory reviews.
Tax Advisory
Insightful advice on the tax implications of business decisions.
Tax Credits & Incentives
Assistance in identifying and claiming government incentives to boost your business.
International Tax Services
Expert guidance on cross-border taxation and global tax considerations.
Risk Management
Proactive assessment and management of tax-related risks.
Toronto Corporate Tax Accounting Experts
At XPRT Accounting, we specialize in corporate tax solutions for small and medium-sized businesses in Toronto. With our expertise, we ensure timely, accurate tax filings while optimizing your tax strategy for maximum efficiency.
Tax Technology Solutions
Implementing automation and technology to streamline tax compliance and reporting.
State and Local Tax (SALT) Services
Ensuring compliance with state and local tax regulations, including multistate tax management.
Employee Benefits & Executive Compensation
Designing tax-efficient benefit plans and advising on executive compensation taxation.
Tax Risk Assessment
Identifying potential tax risks and developing strategies to minimize exposure.
Accounting Method Changes
Assessing and implementing accounting method changes to maintain compliance with evolving standards.
Training & Education
Providing corporate teams with up-to-date training on tax regulations and industry changes.
Our Service
Get in Touch
- +1-514-317-2896
- info@xprtaccounting.com
- 5653 Rue Paré, suite 203, Mont-Royal, QC H4P 1S1
T2 returns! Every corporation is required to submit a CRA Annual T2 tax return.
There is no legal or CRA need for business owners to hire a tax professional to prepare their taxes, although tax legislation can be complex.
It is very simple to make a mistake or fail to claim the deductions for which you are eligible.
This may lead to the payment of improper taxes, and the CRA may audit your finances if they believe there may have been mistakes.
As your Tax Accountant, if the CRA audits any return filed, we will represent you in the case with the CRA at no additional cost.
Your financial year-end determines the filing deadline.
The filing deadline is six months after the conclusion of your fiscal year (this could be different from the calendar year). However, payment is due 3 months after year-end, so we typically use 3 months as the deadline and ensure your taxes are filed early.
As your Tax Accountant, we will remind you of all upcoming tax deadlines.
Yes. It would be advisable to dissolve the corporation if there is no revenue.
It widely depends on factors such as the complexity of the work required, the size of the firm they work for (if applicable), and the specific services you need. It’s recommended to reach out to our expert accountants to get to know the cost of the service you require.
In Canada, corporate income tax is paid by corporations and businesses on their net income. This tax is separate from personal income tax and is applied to the profits earned by corporations.
Both domestic and foreign income earned by a Canadian resident corporation is typically subject to taxation. By outsourcing our services, we ensure accurate reporting and compliance with tax regulations.
Calculating the amount involves determining a company’s taxable income by subtracting deductions from revenue. Then, applying the relevant corporate tax rate to this income yields federal tax. If applicable, add provincial or territorial tax. For accuracy, consult with One Accounting’s expert team.
Corporations pay taxes on every dollar they make as profits. There is no minimum for personal tax.