Corporate Tax Filing · Fergus

Does your corporation fall behind the corporate tax due date? Have you struggled to close your books for the past years? We can help fix your books and file corporate tax returns for multiple years.

If your corporate books are located in Fergus, we are just around your corner about 20 minutes to drive on rural roads. We file corporate tax returns from $500. This price covers up to two shareholders who received or paid dividends, disposed of capital property, claimed capital loss or realized capital gains, and claimed CCA. Maximum two tax items per each schedule. This price is subject to change depending on the complexity of your corporate tax return.

We are a CPA firm

Corporate Tax Filing · Fergus

Corporate Tax Checklist

If filing for the first time with us, we would need you to bring the following documents:

• Notice of assessment for last year

• Tax return for last year

• Copy of incorporation papers

• T-slips received in the current year

• GST/HST information for the current year

• Employee deductions payable at the end of the fiscal year

• Financial statements for the current year (Profit and Loss and Balance Sheet)

• Corporate T2 tax preparation fees start from $500 and increase depending on the complexity.

When a corporation incurred a loss for the year

Non-capital loss and farm loss (calculated on Schedule 4, Corporation Loss Continuity and Application). A current-year non-capital loss can be applied against any income for the three previous years. The current-year non-capital loss can reduce income for the 20 following years and for the 3 previous tax years.

Capital loss (calculated on Schedule 6, Summary of Dispositions of Capital Property). A net capital loss can be applied against taxable capital gains for the three previous years and indefinitely for future years. Losses incurred in other years can be used to create or increase the current year’s net capital losses.

If we do not have access to your bookkeeping software, please provide with the relevant to corporate T2 tax form information.

Reach us by email or phone to book an appointment. If you would like to discuss your bookkeeping, accounting, or tax requirements over the Internet we work with Zoom, Skype, or Teams.

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