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Corporation Tax Services
Corporation tax is charged on your annual profits if you are an established limited company. Other organizations such as clubs, societies, and charities may be liable for this kind of tax.
The Canada Revenue Agency (CRA) is constantly changing business and corporate tax laws in Canada. This makes the process of being compliant as a corporation and an individual a more difficult task than one would expect. For help with being compliant and limiting how much taxes affect your business, you need a Chartered Professional Accountant for help with corporation tax services in Calgary. You can rely on Masone and Company for all of your tax-related needs.
Our experienced tax professionals are always up-to-date on the corporate tax law changes, ensuring we can develop effective strategies to minimize the tax impact on yourself and your business while at the same time maximizing tax deferrals.
Corporate Tax Services Calgary Needs
You have worked very hard to reach the position you’re in today, and you want to reap the benefits of your efforts. Masone and Company offers corporation tax services designed to help you retain more of your hard earned money. We offer fundamental corporate tax services in Calgary, such as:
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Corporate tax return preparation and filing
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Year end statements
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Review and analysis
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Annual return filing
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Trust and partnership returns
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GST preparation and filing
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T-slip preparation and filing
Because the tax year of a corporation is its fiscal period, you may need to submit your tax returns on different days each year. At Masone and Company, we ensure that you file your return by the correct day of the sixth month after the end of the tax year.
Helpful Corporate Tax Hints
Our goal is to help you understand your financial statements, corporate tax rates and corporate tax laws in general. To ensure you are properly filing your corporate tax return each year, be sure to keep in mind:
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All resident corporations have to file a T2 corporate income tax return each tax year, even if there is no tax payable.
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All corporations should prepare their financial statement information using General Index of Financial Information codes.
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There are 7 tax offices across the country that you can send your corporate tax returns to, and the office your returns should be sent to is dependent on the province in which you primarily operate.
Being on time with filing and paying your taxes is just one small part of how we can help you. We can guide you through strategic planning to ensure you are meeting compliance requirements, minimizing taxes and maximizing your deferrals and savings.
Estate and Trust Taxes
Each passing year, the laws, bylaws, and tax structures surrounding estates and trusts become more complicated. The complexities and seriousness of making trust and estate tax plans make it difficult for individuals and families to plan their future and all the “what-ifs” that may pop up along the way.
By working with a chartered professional accountant experienced in the field of trust and estate tax planning, Calgary families gain the resources and information they need to make informed decisions. Reach out to Masone and Company for further details. We also offer corporate tax services to help you retain your hard-earned money. With a sound trust and estate tax plan in place, you will be able to live with a clear mind, knowing your family and interests will be cared for long after you’ve passed on the baton. Together, we can formulate an estate and trust plan that takes into account your spouse, children, grandchildren, and others who you would like to share part of your legacy with.
