Corporate Tax Planning and Preparation
The proper use of a Canadian corporation can yield significant tax benefits. The Federal small business corporate tax rate of 11 per cent on the first $500,000 of taxable income has never been lower for small businesses, and Provincial rates are falling too, typically to around half of the Federal rate. By earning taxable income within a corporation, you can effectively use it as a retirement tool, an investment vehicle, or as a way to grow your business more quickly.
If you have a corporation, and are wondering if it’s being properly utilized as a tax planning tool, or if you just need a hand filing your corporate returns, we can help. We also work extensively with other accounting firms to assist with reorganization of corporate structures to fully access the tax benefits available to Canadian businesses.
