Taxation Services

CORPORATE TAX RETURN PREPARATION

As accountants in Alberta , we can prepare corporate tax returns for your company, whether large or small.

When preparing corporate tax returns for your business, our focus is on accuracy and tax savings strategies to minimize your tax bill.

You must file your corporate income tax return with 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 don’t file by the deadline, you may be paying significant penalties and interest.

For more information about how this can help you, contact us!

 

PERSONAL TAX RETURN PREPARATION

Preparing personal tax returns can be complex, especially considering the changes in personal tax laws that are constantly taking place.  If prepared incorrectly, you could be missing out on tax credits or tax deductions, resulting in more tax than you should be paying and incurring unnecessary penalties.

As accountants in Alberta, we can prepare almost any type of personal tax return, including for employees, sole proprietors, investors, non-residents, and more.

For more information about how this can help you, contact us!

 

PROPRIETORSHIPS

A ‘sole proprietorship, also known as the sole trader or simply a proprietorship, is a type of business entity that is owned and run by one individual and in which there is no legal distinction between the owner and the business.

For more information about how this can help you, contact us!

 

GOODS AND SERVICES TAX RETURNS

The Goods and Services Tax (GST) (French: Taxe sur les produits et services, TPS) is a multi-level value added tax introduced in Canada on January 1, 1991, by then Prime Minister Brian Mulroney and his finance minister Michael Wilson. The GST replaced a hidden 13.5% Manufacturers’ Sales Tax (MST); Mulroney claimed the GST was implemented because the MST was hindering the manufacturing sector’s ability to export competitively. The introduction of the GST was very controversial. The GST rate is 5%, effective January 1, 2008.

For more information about how this can help you, contact us!

 

OWNER – MANAGER REMUNERATION PLANNING

Dividend, Bonuses, Salaries, Shareholder Loan Repayments, Tax Free Capital Dividend Account Dividends or Other Compensation Methods?

These are just some of the options to consider to put income into the hands of the owners of the business with the least amount of tax becoming due – but each situation is different, there’s no ‘off-the shelf’ solution.

As the owner-manager-shareholder, it’s very important that you review your business and personal taxes together so that you can minimize them overall and find the optimum mix between the two.

For more information about how this can help you, contact us!

 

PAYROLL ASSISTANCE

We provide flexible payroll services that improve payroll management for employers of small, medium, or large businesses. Payroll solutions streamline your payroll process, improve productivity and simplify administration. We manage the time-consuming tasks of online payroll processing and employee payroll tax filing so you can focus on running your business.

For more information about how this can help you, contact us!