As tax accountants servicing the GTA we can prepare corporate tax returns for your company to maximize businesses profits. We help you set up corporate budgeting tools to keep track of your eligible expense/ itemized deductions.
Itemize deductions to include expenses for health care, property taxes, mortgage payments, tax preparation fees, investments, assets, and donations as well as vehicle related expenses.
Corporate income tax return must be filed with the CRA within 6 months of your corporation’s year-end. For most businesses this deadline is June 30th (if your corporation has a December 31 year-end). If you fail to file by the deadline, you’ll be paying significant penalties and interest.