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Corporate Tax Solutions
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We Serve
Full Corporate T2 Return Preparation & Filing
We handle every aspect of your T2 Corporate Tax Return, ensuring compliance with CRA rules while maximizing available deductions. Our process includes:
Preparing annual corporate tax filings
Reviewing financial statements
Identifying allowable business expenses
Filing returns electronically for faster processing
Ensuring compliance with federal & provincial tax rules
Proactive Tax Planning to Reduce Liability
We don’t just file taxes—we help you strategically plan them. Our tax planning services help your business:
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Minimize tax obligations -
Strategically manage income & expenses -
Optimize future tax positions -
Access corporate tax credits -
Plan for capital gains, dividends, and salary mix
Why Choose KVP CPA?
Maximize Your Small Business Deduction (SBD)
Most Canadian-controlled private corporations (CCPCs) qualify for the Small Business Deduction, reducing the federal tax rate significantly.
We ensure your corporation is structured and compliant to fully benefit from the lowered tax rate, while avoiding SBD restriction traps such as:
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Passive income limits -
Associated corporation rules -
Capital thresholds -
Specified corporate income issues
Our CPA experts help your business retain more of its hard-earned profits.
FAQ Question
FAQs – Corporate Tax Services
When is the deadline to file a corporate tax return in Canada?
– Corporations are required to file their T2 return within six months of the end of their fiscal year. For example, if your year ends on December 31, your filing deadline is June 30.
Does the tax payment deadline differ from the filing deadline?
– Yes, they are usually different. Most corporations must pay their balance due within 2 months after their fiscal year-end, though certain Canadian-controlled private corporations (CCPCs) may have up to three months.
What specific expenses can my corporation deduct from its income?
– You can deduct most reasonable current expenses incurred to earn income, such as rent, office supplies, professional fees (accounting and legal), and salaries. Note that some items, like meals and entertainment, are typically only 50% deductible.
How do I choose the best fiscal year-end for my new company?
– Your first fiscal period can be up to 53 weeks long. Many business owners choose a date that aligns with their natural slow season or push the first year-end as far as possible to defer their initial tax bill.
What is the Small Business Deduction (SBD), and do I qualify?
– The SBD reduces the federal tax rate on the first $500,000 of active business income for CCPCs.
This can lower your effective federal tax rate significantly (often to around 9%) compared to the general corporate rate.