How to apply for GST/ HST credit in Canada?
The Goods and Services Tax (GST) Credit, referred to as the Harmonized Sales Tax (HST) Credit in certain provinces, is a tax-free payment issued by the Canadian government every quarter.
Corporate Tax Return Services
FILL YOUR CORPORATE TAX RETURN ON TIME WITH TAXCCOUNT
The tax implications of doing business abroad are numerous, just as the tax implications of doing business within Canadian borders are numerous. A variety of industries have been served by our team of experienced professionals, who are able to translate their expertise into effective solutions for corporate tax returns. We ensure that every client's situation is optimized to meet their goals by keeping up with the latest tax rules.
Tax penalties and interest can be mitigated by a thorough corporate tax and business planning strategy. By doing so, the assigned employee receives positive benefits as a result of the assignment plan. With Taxccount, corporations are able to prepare all necessary tax filings and obtain a solid foundation for their corporate tax return.
Corporate Tax Return Services
By maintaining accurate records, meeting all deadlines, and keeping your tax deductions and credits to a minimum, we ensure that your corporate income tax return is filed accurately. With corporate income tax filing, Taxccount can help your business retain more revenue.
- Preparation of Financial Statements
- T2 forms for corporate income taxes
- GST/HST
- Remittances and Payroll Planning
- Preparation and filing of T4 Statements of Remuneration
- Preparation and filing of Form T5 Statement of Investment Income
- Owner-Manager Tax Planning
- Conformity with all tax regulations at the federal and provincial levels
- Information Return for Non-Arm's Length Transactions with Non-Residents T106
- The T1134 Information Return for Controlled and Non-Controlled Foreign Affiliates
Who has to fill a Corporation Tax Return?
It is the responsibility of every Canadian company to file a corporate tax return with the Canada Revenue Agency (CRA). There is a very strict law, and all companies are required to comply, even if they do not pay taxes, are idle, have no income, or are non-profit organizations.
Hence, you need to be very careful when it comes to incorporated business taxes. Some types of companies have exceptions, so you should check with the tax authorities if you are interested. Corporations that are not Canadian residents are sometimes required to file a corporate tax return in Canada, depending on several factors. Non-resident companies which have carried on business in Canada, or which have realized taxable capital gains or disposed of Canadian property that is taxable.
Deadlines for Corporate Tax Return filling
It is mandatory to file your tax return within six months of the end of a tax year. It is the fiscal year of a corporation that determines its tax year.
The last day of the six months following the end of the corporation's tax year is the deadline for filing the return.
File the return by the same day of the sixth month after the end of the tax year when the last day of the tax year is not the last day of a month.
The CRA considers your return on time if it is received or postmarked on or before the next business day for filing due dates that fall on Saturdays, Sundays, or public holidays. Providing Corporation Tax Return Service in Canada
Taxccount has extensive experience in corporate taxes. Our experience with corporate tax returns allows us to prepare them accurately. Not only do we work with you during tax season, but we work together throughout the year to provide you with the full benefit of our expertise, which will help you grow your business. In case you fail to prepare and file your corporate income tax returns in Canada, you run the risk of missing deadlines, paying heavy fines, and having to pay interest fees as a result.
Our goal is to make business owners' lives easier in Canada. Therefore, we know the tools and information you can use to better understand what is involved in preparing a corporation tax return in Canada.
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What Our Client Say
Taxccount has been our primary tool for several years. They were the crucial component we were searching for! Our entire business has been made simpler by their bookkeeping, and tax season is no longer as difficult. Over the years, the accountants and bookkeepers have all offered us unmatched guidance and tax planning that has helped us save money and time. We anticipate continuing our relationship with Taxccount for many years.
Kris Sharma
We are quite grateful to the accountants at Taxccount. Being a small enterprise, we have got the sufficient finances or time to hire an in-house bookkeeper and we have spent years muddling through on our own. The first month after deciding to work with Taxccount for payroll and accounting services, it was as if a weight had been removed! Since we are involved in providing an ecosystem for businesses, Taxccount’s accounting services come in extremely handy for us and make our job much easier.
Sudhith PD
Our staff now depends heavily on Taxccount’s services. Without them, I can't fathom how well my business would operate. They assisted me in maintaining my highly erratic bookkeeping and organizing it so that when December rolls around, neither my employees nor I would be in a panic. We never imagined that the tax season would go well, but Taxccount made it much easier than in previous years. I can't speak highly enough about their professionalism and experience!
Daljeet Singh Bhatia
For the filing of our company's taxes, we rely on Taxccount’s tax-related services. We discovered that tax filing had suddenly become too hard for us to do alone as our business and workforce expanded. The tax accountants have greatly reduced our amount of taxable income by locating tax benefits for us that we never would have discovered on our own. They collaborated with us all year long to provide advice on potential strategies for long-term tax minimization. We were so pleased with the tax preparation and planning services provided to our business that I asked them to also handle the personal taxes for my family.
Prashant Sharma
Our Blog
20 popular Canadian tax deductions and credits in 2023
The taxation system of each country is different. If you have just moved to Canada and are still figuring out the tax system, then this chapter will be really helpful for you. You will understand in detail about the 20 most popular Canadian tax deductions and credits relevant in 2023.
Taxes for new Canadians: Step-by-step guide for filing your taxes
If you are a newcomer in Canada and are filing your taxes for the first time, it can be a daunting and overwhelming experience. But when you have the right information, the process gets easier.
Are you required to file an income tax return?
When you generate income through employment, your employer is required to withhold tax installments from each paycheck and forward them to the Canada Revenue Agency (CRA).
Tax breaks for newcomers in Canada
Moving to Canada might seem to be an easy decision considering the vast opportunities it offers. But the one thing that most people tend to forget is the taxation system. Gaining insight into the functioning of income tax in this context can enable you to utilize tax advantages, which encompass potential financial benefits through government payments.
What is eligible dividend in Canada?
Dividends represent the distributions made to investors from a company's profits. Among these dividends, some are categorized as eligible, while others are termed ordinary or ineligible dividends.
