Businesses must file corporate tax returns regardless of size, structure, profitability, and activity. Non-resident corporations and foreign-owned subsidiaries are also subject to tax return filings.
Working with us will save you time and money as well as provide a level of assurance that your corporate tax filing is complete and compliant.
Why Choose SB Partners for Your Corporate Tax Returns
- Expert Tax Planning & Compliance – Ensure your returns are filed accurately and on time.
- Maximize Deductions & Credits – Identify tax-saving opportunities for your business.
- Industry-Specific Tax Guidance – Tailored solutions for small businesses, corporations, and foreign-owned subsidiaries.
- Stress-Free Tax Filing – We handle the paperwork and communications with tax authorities.
Are your business filings compliant?
Our tax provision services will help you stay on top of your quarterly, bi-annual and annual filing requirements.
Our Corporate Tax Return Services:
We work with you and your business objectives to develop a strategic tax plan designed to support your short and long-term goals.
Our Corporate Tax group can provide you with insights that can help you make better decisions and keep more money in your business.
As a business owner, you and your business need to adhere to a multitude of tax laws and regulations. These rules are updated regularly, and our tax compliance services help you stay on top of them. Our team is an extension of your business and ensures the correct forms and returns are completed accurately. Where necessary, our team will communicate with the federal and provincial tax authorities on your behalf. Our team takes the pressure off you, ensures the highest level of compliance, and finds ways to optimize your return.
HST Return Preparation
Whether you file annually, quarterly or monthly, we will make sure you are on top of your HST filings to avoid fines, penalties and late payments. Save on time and incurred expenses with timely reporting and returns.
Cross-Border Tax Planning and Compliance
Finding all the experts you need to run your business in Canada can be a challenge, but our team bring over 50 years of experience to make sure you’re maximizing your profits and staying compliant.
We provide properly executed accounting principles and practices to your business. We work with you to recognize your goals and objectives to provide reports and corporate tax returns to maximize your business revenues.
Our accounting and assurance service will ensure you meet your annual financial reporting requirements by preparing financial statements and tax returns. Our compilations, reviews and audits will help you better understand your business.
Tax Planning for Mergers and Acquisitions
Accounting plays a pivotal role in mergers and acquisitions through financial due diligence, valuation assessments, accurate financial reporting, and strategic tax planning. Collaborating with an expert is essential in this process due to their experience with financial analysis, regulatory compliance, and risk mitigation. Our team of trusted advisors will advise you from start to finish and provide you with the right information to make the transaction smoother.
Whether you’re looking to reduce stress on your family in the future, minimize taxes, or avoid any uncertainty around your estate wishes, our team can help coordinate with lawyers and other financial planners to build out an estate plan tailored for you.
Our trust and estate planning specialists can assist you with all of your estate planning needs.
FAQs
Corporate tax returns are due 6 months after the organization’s year end.
In simple terms, a property owned in Canada. However, there is a little more to it.
The following items count as taxable Canadian property:
- Real property situated in Canada.
- Assets used in a business carried on in Canada.
- A share of a private corporation resident in Canada where more than 50% of the fair market value of the share is derived (or was derived at any time in the previous 60-month period) from real property in Canada, Canadian resource properties, timber resource properties, or options in respect of any such property.
- A share of a public corporation (or mutual fund trust) where at any time in the previous 60-month period (a) the holder held more than 25% of the issued shares and (b) more than 50% of the fair market value of the share (or unit) was derived from real property in Canada, Canadian resource properties, or timber resource properties.
- Options in respect of any of the properties listed above.
- Property deemed by the Income Tax Act (ITA) to be taxable Canadian property.
When someone passes, an Estate Administration Tax is charged on the value of their when an estate certificate is issued. For more detailed information visit: Estate Administration Tax | ontario.ca
The capital gains deduction limit is set by the government and changes regularly. The most up-to-date information can be found here: What is the capital gains deduction limit? – Canada.ca
Late filings may result in penalties and interest charges. We help businesses file on time and avoid unnecessary costs.
SB Partners works with a variety of businesses, from large corporations to SMEs and owner-managed private enterprises. Whether you are starting from scratch or looking for change, our team of industry experts can support you and your business.
Our team of chartered professional accountants (CPAs) work with clients across Southern Ontario, including Burlington, Oakville, Hamilton, Mississauga, Brampton, Guelph, Kitchener, Milton, Cambridge, Grimsby, and St. Catharines.