Our professionals have the knowledge and experience to minimize corporate tax payable. Corporate tax planning takes into account a massive amount of taxes, including income tax, payroll tax and capital tax. We will, of course, organize your tax return and deal with the Canada Revenue Agency as necessary. At V-Tac, we can help you analyze the tax impact of business decisions and select best structure for your proposed transactions and new investments.

 

A corporation must file their corporate income tax return (T2) after fiscal ending, which will be within 90 days from the end of the fiscal year.

 

It also has to attach complete financial statements, GIFI and the necessary schedules to the T2 return. A Corporation pays its outstanding taxes in monthly installment in advance.

 

Corporation can choose their any fiscal ending date for the first year in business, Corporation is a separate legal entity, A Corporation must file a corporate income tax return (T2) within 90 days from the end of every taxation year, Any outstanding tax may be paid in one time or by installment in advance.