Tax Services

BUSINESS (Corporate / Self Employed), GST & PERSONAL TAXES

Managing business, GST and personal taxes is crucial for anyone running a company. This process ensures that all financial obligations are met efficiently and legally, helping individuals and businesses thrive economically.

All corporations (except tax-exempt Crown corporations, Hutterite colonies and registered charities) have to file a T2 return for every tax year, even if there is no tax payable. This includes:

• non-profit organizations
• tax-exempt corporations
• inactive corporations

For businesses, handling GST correctly is imperative. When a company is registered for GST, they must charge this tax on taxable supplies of goods and services. Properly managing these amounts ensures compliance with tax laws and can prevent costly penalties. Moreover, companies can often claim GST credits on their inputs, effectively reducing the overall cost of their tax obligations.

Personally, filing a tax return accurately is just as important. Individuals look to maximize their potential refund, which can be achieved through meticulous record-keeping and a thorough understanding of allowable deductions and credits. An accurate return ensures that individuals only pay what they owe, and potentially receive a refund of any overpaid amounts.