Corporate Tax Services

Page summary

Comprehensive corporate tax services including T2 preparation, financial statement compilation, and strategic tax planning for your business.

• Our corporate tax services are designed to help small and medium-sized businesses minimize their tax liability while maximizing profitability. We provide end-to-end tax solutions including T2 preparation, financial statements, and strategic tax planning.
• Minimize corporate tax liability through strategic planning
• CPA expertise in federal and Ontario corporate tax
• Comprehensive financial statement preparation
• Ongoing tax compliance and planning
• Year-Round Planning: We work with you throughout the year, not just at tax time. Regular quarterly reviews help identify tax-saving opportunities and adjust strategies as needed.
• Financial Statement Preparation: We prepare comprehensive financial statements (balance sheet, income statement, cash flow) for your corporation, ensuring accuracy and compliance.
• Tax Optimization: Based on your financial position, we develop strategies to minimize tax liability including salary/dividend mix, deduction optimization, and loss utilization.
• T2 Preparation & Filing: Our CPAs prepare your complete T2 corporate return with all supporting schedules and file electronically with CRA within the deadline.

Related pages

• Tax Planning Services: Related accounting and tax support.
• Bookkeeping Services: Related accounting and tax support.
• Personal Tax Returns: Related accounting and tax support.
• Healthcare Professionals: Industry guidance connected to Corporate Tax Services.
• Construction Companies: Industry guidance connected to Corporate Tax Services.
• Contact ARMalik: Discuss corporate tax services with a Markham CPA.

Common questions

What is the T2 tax filing deadline for corporations?

Corporations typically have 6 months from their fiscal year-end to file their T2 return with CRA. However, the payment deadline is 2 months after year-end. We recommend filing early to get any refunds quickly.

How can I reduce my corporate tax liability?

Common strategies include optimizing salary vs. dividend mix, maximizing deductible business expenses, utilizing capital losses, deferring income when possible, and investing in eligible business assets. We assess your specific situation to recommend the best approach.

Do I need financial statements for my T2?

Yes, CRA requires financial statements with your T2 filing if your corporation has over $500,000 in gross revenues. Even if not required, financial statements are valuable for lenders, investors, and internal planning.

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