Corporate Tax Services in Mississauga
Trust Us With Your Tax Burden
Corporate Tax Accountant for Mississauga Businesses
Business Development Services provides corporate tax services Mississauga businesses can rely on, helping small businesses and corporations across the Greater Toronto Area (GTA) prepare and file their corporate income tax returns (T2) accurately and on time
Whether you operate an active business, a newly incorporated company, or a dormant or inactive corporation, we provide practical corporate tax support tailored to your business needs. We also work remotely with clients throughout the GTA, making it convenient to manage your corporate tax filing from anywhere.
Corporate Tax Filing & Payment Deadlines
Most Canadian resident corporations must file a T2 Corporation Income Tax Return every tax year, even if the corporation has no tax payable. This includes inactive corporations and certain tax-exempt or non-profit corporations.
A corporation generally has to file its T2 return within six months of the end of its tax year. If the fiscal year ends on the last day of a month, the filing deadline is the last day of the sixth month following year-end. If the fiscal year ends on another day, the deadline is generally the same day of the sixth month following year-end.
The deadline for paying any corporate tax balance is different from the T2 filing deadline. Corporate taxes are generally due two months after the end of the tax year. Certain Canadian-controlled private corporations (CCPCs) may qualify for a three-month balance-due date if they meet the CRA's eligibility requirements.
For example, if a corporation has a December 31 fiscal year-end, its T2 return is generally due by June 30. The tax balance may be due by February 28, or by March 31 if the corporation qualifies for the three-month balance-due period.
Late payments may result in interest and penalties. We can help you prepare your corporate tax return, review your financial information, and meet your corporate tax filing obligations on time.
Corporate Tax Services & GIFI Financial Statements
Business Development Services helps corporations prepare their financial information for corporate tax filing. We review your accounting records and financial statements and translate the information into the General Index of Financial Information (GIFI) format required for the T2 Corporation Income Tax Return.
Our corporate tax preparation process can include:
- Reviewing financial statements and accounting records
- Preparing GIFI schedules for the corporate tax return
- Reconciling accounting income with income for tax purposes
- Reviewing deductible business expenses and potential tax adjustments
- Preparing and filing the T2 Corporation Income Tax Return
- Supporting dormant or inactive corporations with nil corporate tax returns
- Identifying potential tax planning opportunities based on your business circumstances
We work with small businesses and corporations in Mississauga and throughout the GTA, with remote service available for clients who prefer to manage their accounting and tax needs online.
Corporate Tax Filing Services
Corporate Tax Return Preparation
Every business is different, which is why we provide corporate tax preparation tailored to your company's financial situation and filing requirements.
Our corporate tax services include:
- T2 Corporation Income Tax Return Preparation & Filing
Accurate preparation and electronic filing of your corporate income tax return. - GIFI Financial Statement Preparation
Converting your accounting financial statements into the GIFI format required for the T2 return. - Corporate Tax Adjustments
Reviewing your financial information and identifying common accounting-to-tax adjustments and deductible business expenses. - Nil & Dormant Corporate Tax Returns
Assistance with T2 filings for eligible corporations that are inactive or have little or no activity. - Corporate Tax Planning
Practical tax planning guidance based on your business circumstances and financial information.
Our goal is to make corporate tax filing straightforward while helping you understand your tax obligations and keep your corporation's records organized.