Business Tax Preparation and Filing

We prepare corporate tax returns and will assist you in understanding complex tax regulations to help you make informed business decisions, which will help you minimize your corporate taxes by taking advantage of the tax exemptions, credits and deferrals that may apply to you. We will represent and/or assist you regarding taxation and audit issues with the CRA.

Checklist for Business Tax

Print this checklist and gather all the documents that are required to fill Business tax return.

REVENUE

Sale, Fees, Commissions
Commissions as per T4A (Self-employed)

EXPENSES

Legal papers of buying equipment & vehicles used in your business
Utilities & Telephone bills
Property taxes
Rent/mortgage papers (payment + interest paid)
Insurance
Advertising & Promotion
Business tax, fees, licenses, dues & memberships
Delivery and freight charges
Office & Supplies expenses
Salaries and wages
Travel Expanses
Meals and entertaining

HOME OFFICE COST

Space used for business
Sq. Ft. of Home for business use
Mortgage interest (Need Mortgage Statement)
Rent (If ranting)
Utilities (Heat, Hydro, Water)
Condominium fees
Property taxes (Need Actual Bill)

COST OF GOODS SOLD

Opening inventory
Purchases during the year
Subcontracts and direct wages
Ending inventory

AUTOMOBILE EXPENSES

Total Kms/Miles driven during the year
Kms for business use
Auto Gas/Fuel
Auto Repairs and maintenance
Auto Parking
Insurance
License
Auto loan interest
Leasing costs
All other expenses related to automobile

OTHER

Please bring previous year's financial statements and Tax return copies along with company's article.

*Important: All expenses and/or purchases must have a physical receipt showing that. If supplied on a spreadsheet, you must keep all the receipts in case of government audit; they will not accept items without a receipt.