Corporate TAX

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Corporate Tax Services

Moose Mentor helps incorporated businesses remain compliant, minimize tax obligations, and avoid issues with the CRA. Whether you are a new corporation or an established company, we make sure your T2 corporate tax return is prepared accurately, submitted on time, and takes full advantage of all eligible deductions and credits.

T2 Corporate Tax Return Filing

  • Preparation and filing of annual corporate tax returns with the CRA.
  • Ensures compliance and accurate reporting of income and expenses.

Financial Statement Preparation (Notice to Reader)

  • Prepares financial statements required for corporate filings.
  • Summarizes company’s financial position for CRA or internal use.

CRA Program Registration Support

  • Assists with registering for HST/GST, payroll deductions, and other CRA programs.
  • Ensures corporations meet all regulatory obligations from the start.

Corporate Tax Planning & Strategy

  • Advises on minimizing tax liability legally and efficiently.
  • Provides guidance on structuring business operations, salaries, and dividends.

Amendments & Late Filings

  • Handles corrections or adjustments for late or prior-year corporate filings.
  • Helps avoid penalties and interest charges.

Salary vs. Dividend Optimization

  • Guidance on balancing owner compensation between salary and dividends.
  • Maximizes tax efficiency for business owners.

CRA Audit Support

  • Assistance during CRA reviews or audits.
  • Ensures proper documentation and representation.

Integrated Corporate & Personal Tax Support

  • Coordinates T2 (corporate) and T1 (personal) filings for business owners.
  • Provides holistic tax planning across corporate and personal levels.

Corporate Tax Items

T2 Corporate Tax Return Filing

Preparation and filing of annual corporate tax returns with the CRA.

 

Ensures compliance and accurate reporting of income and expenses.

Financial Statement Preparation (Notice to Reader)

Prepares financial statements required for corporate filings.

Summarizes company’s financial position for CRA or internal use.

CRA Program Registration Support

Assists with registering for HST/GST, payroll deductions, and other CRA programs.

 

Ensures corporations meet all regulatory obligations from the start.

Corporate Tax Planning & Strategy

Advises on minimizing tax liability legally and efficiently.

 

Provides guidance on structuring business operations, salaries, and dividends.

Amendments & Late Filings

Handles corrections or adjustments for late or prior-year corporate filings.

 

Helps avoid penalties and interest charges.

Salary vs. Dividend Optimization

Guidance on balancing owner compensation between salary and dividends.

 

Maximizes tax efficiency for business owners.

T2 Corporate Tax Return Filing

Assistance during CRA reviews or audits.

 

Ensures proper documentation and representation.

Integrated Corporate & Personal Tax Support

Coordinates T2 (corporate) and T1 (personal) filings for business owners.

Provides holistic tax planning across corporate and personal levels.

Frequently Asked Questions – Bookkeeping Services Toronto

Common questions about Bookkeeping Services Toronto

Tax residents generally report worldwide income (employment, business, investments, and foreign income).

It refers to the first Canadian tax return filed in the year you become a tax resident, reporting income earned after your arrival date.

It is the final tax return filed when you cease to be a tax resident of Canada, reporting income up to your departure date.

Certain assets may be treated as sold at fair market value when you leave Canada, potentially triggering capital gains tax.

Not always. Some assets (e.g., certain Canadian real estate and registered accounts) are commonly excluded, depending on your situation.