Corporate Tax Planning
We know that minimizing their overall tax bill each year is a top priority for business owners, and our experienced team wants to help you achieve this goal.
From corporate structure and shareholder pay to inter-company transactions, our team reviews all facets of your business to ensure you pay the least amount of tax possible.
Our team provides a full range of corporate tax planning services, including:
Tax planning for current year income and suggesting future structures to minimize taxes
Advice on the tax implications of proposed transactions and new investments including the purchase or sale of a business
On this page
Corporate Tax Compliance
Tax compliance is a cost of doing business, and it seems every few years that another new report has to be submitted to another layer of government. Our goal is to help our clients ensure that they stay on top of their reporting requirements.
Canada has a complex and continually changing tax environment. Federal and provincial governments frequently change the ground rules, and this poses a significant tax-compliance burden. We help our clients stay on top of understanding tax regulations that affect their particular business.
To minimize your risks, it’s important to work with professionals who can help you manage your tax issues and anticipate the potential impact they will have to you.
KMA Chartered Professional Accountants Ltd. will help you meet all of your tax compliance and reporting requirements – both Canadian and US. The range of corporate tax compliance services include:
Preparation of Canadian and U.S. tax and information returns
Assistance in determining of tax estimates and instalments
Advice on corporate tax strategies
Assistance on corporate income tax, payroll, and GST/HST audits
Assistance on in dealing with tax authorities for rulings or other clarifications as required
Other Types of Filings
KMA is a full service accounting firm. We can help your business register for GST, PST, and WorkSafeBC as needed. We will help you understand what needs to filed and when. If you need assistance with preparing these filings, or would just rather have it done for you, KMA will build a solution that works for you.
Payroll Filings
If your company has employees, it will need to file T4’s each year. We follow up with each of our corporate clients to ensure that they are reminded when these tax forms, and prepare and file the T4’s for many of these same clients. Our goal is to ensure that our clients have met this annual filing requirement. If your company needs help with the WorkSafeBC reports, we can help with that as well.
GST & PST
Most businesses in Canada are required to collect and remit GST. We work with our clients to ensure that the amount reported is correct, and offer services that range from preparing the return for our clients to simply being available to answer questions.
Dividends & Interest
If your company paid dividends or interest, it may have to file T5 slips. We will help you meet your filing requirements.
Contractor Payments
If you are a business that is involved in construction as your primary source of income, and you make payments to subcontractors, you are required to report these payments to the Canada Revenue Agency (CRA) each year. We work closely with our contractor clients each year to ensure that this reporting requirement is met.