Corporate Tax Returns Toronto Overview
Corporate taxes are a complex matter that every company has to contend with. With ever-changing tax laws and regulations, staying up-to-date and gaining in-depth knowledge is critical to maximizing your tax credits and minimizing your tax liability. This is where the Chartered Professional Accountants of Stratus Accounting & Consulting come in to help and take the daunting task of your corporate tax return off your shoulders.
Stratos offers a wide range of corporate tax services to businesses of all sizes. We understand that every business is unique, which is why we tailor our services to every company and its specific situation to ensure you can focus on your business while we handle all the paperwork.
Benefits Of Hiring A Corporate Tax Accountant In Toronto
Timely and accurate corporate taxes are critical for any company, so a professional and dependable corporate tax return accountant plays a vital role in keeping your business running smoothly. Stratos Accounting & Consulting provides high accuracy and efficiency while keeping current with all legislation and rules.
We are committed to professionalism and detail orientation for corporate tax accounting, corporate tax consulting or day-to-day accounting services. Equipped with a deep knowledge of corporate tax law, Stratos’s experienced, knowledgeable CPAs are specialists in Canadian tax law and have been preparing corporate tax returns for our clients for over 15 years. Our team has mastered the T2 Corporate Tax filing process and has streamlined our approach to allow for a straightforward filing process and optimal results for your business. At Stratos Accounting & Consulting, we guarantee to minimize your tax liability, ensure your tax submission is error-free, file your taxes on time, and prevent you from facing another stressful tax season.
Our Corporate Tax Services
Our comprehensive suite of corporate tax accounting services includes:
- Corporate Tax Return Submission (T2)
- Sales Tax Return Preparation and Filing
- Comprehensive Tax Planning
- Financial Statement Preparation & Tax Format Conversion
- Nil Return Filings
- T4 / T5 Filings
- Payroll Taxes
- Information Return Submissions
- Incorporation Services
- Articles of Amendments
Whether you are a start-up, self-employed or a large corporation, our company tax accountants will work with you to ensure your specific needs are met.
Corporate Tax Credits and Benefits
Corporate tax credits and benefits are available to corporations that operate within Canada. These credits and benefits are designed to reduce the tax burden on corporations, encouraging them to reinvest their profits and stimulate the economy.
Canada’s most common corporate tax credit and benefit type is the Scientific Research & Experimental Development (SR&ED) Tax Credit. This credit is available to companies that invest in research and development projects. It allows them to receive a refundable tax credit for up to 35% of the total eligible costs incurred in the project.
Another common corporate tax credit and benefit in Canada is the Apprenticeship Job Creation Tax Credit. This credit is designed to encourage businesses to hire and train apprentices in specific trades. It provides employers with a non-refundable tax credit of up to 10% of the wages paid to eligible apprentices who are employed in skilled trades.
Other corporate tax credits and benefits available in Canada include the Investment Tax Credit (ITC), which is designed to encourage businesses to invest in new machinery and equipment, and the Labour-Sponsored Venture Capital Corporation (LSVCC) Tax Credit, which is intended to promote investments in venture capital corporations.
Find Your Corporate Tax Return Accountant Today!
Stratos Accounting & Consulting is your professional choice for dedicated, personalized, customized services. We strive to provide our clients with exceptional customer service and always be available to answer questions and provide guidance. Our experienced professionals work closely with our clients to understand their unique needs and objectives and develop solutions tailored to their specific situations.
Our company is built upon five pillars: Integrity, Professionalism, Respect, Quality and Transparency.
Contact Stratos Accounting & Consulting today at 416-477-4775 or fill out our convenient online form to learn more about how Stratos can help your business soar.