Business and personal tax, handled with care
Corporate and personal returns, instalments and GST/HST filings, prepared accurately and on time, with planning to help you keep more of what you earn.
A good fit if…
- You own an incorporated business
- You're self-employed or run a sole proprietorship
- You're unsure whether to pay yourself salary or dividends
- You want tax planning, not just tax filing
What's included
- Corporate tax returns (T2)
- Personal tax returns (T1), including for business owners and the self-employed
- Calculation of interim tax instalment payments
- GST/HST compliance and filings
- Tax-effective strategies for business owners
- Salary vs. dividend planning and dividend payout calculations
Key Canadian tax deadlines
Missing a deadline can mean penalties and interest. Here are the general CRA deadlines most business owners need to know.
| Filing | General deadline |
|---|---|
| Corporate tax return (T2) | Within 6 months of your corporation's fiscal year-end |
| Corporate tax balance owing | Generally 2 months after year-end (3 months for some Canadian-controlled private corporations) |
| Personal tax return (T1) | April 30. June 15 if you or your spouse are self-employed, but any balance owing is still due April 30. |
| GST/HST returns | Depends on your reporting period (monthly, quarterly or annual) |
Deadlines are summarized from CRA guidance and can vary with your situation. We'll confirm the exact dates for your business.
Planning, not just filing
The biggest tax savings usually come from decisions made during the year, not at filing time. We help you structure how you pay yourself, plan your instalments, and time major decisions so there are no surprises when your return is due.
Frequently asked questions
When is my corporate tax return due?
A corporation's T2 return is generally due within six months of the end of its fiscal year. Any tax balance owing is usually due earlier, two or three months after year-end depending on the corporation.
Do I need to register for GST/HST?
Generally, you must register once your taxable revenues exceed $30,000 in a single calendar quarter or over four consecutive calendar quarters. Below that, you're considered a small supplier, although registering voluntarily can make sense. We can register your GST/HST (RT) account for you.
Should I pay myself a salary or dividends?
It depends on your income needs, your corporation's profits, RRSP and CPP considerations, and your personal tax situation. We model the options and recommend a tax-effective mix for you.
Let's get your books in order.
Book a free, no-obligation consultation. We'll look at where things stand today and recommend a plan that fits your business.