Corporate Tax Preparation (T2)

We support corporations of all sizes and industries — from Canadian-Controlled Private Corporations (CCPCs) and incorporated professionals to holding companies, investment entities, and active operating businesses.

✅What’s Included:

• Preparation and Filing of T2 Corporate Tax Returns
  Accurate and timely filing for corporations of all types, ensuring full compliance with CRA requirements.

• Loss Carryforward & Carryback Optimization

  We analyze prior year returns to identify unused non-capital, net capital, and restricted farm losses, and apply them strategically to reduce current or future tax liabilities.

• Strategic Tax Planning
  Guidance on optimizing shareholder compensation through dividends and salaries, managing retained earnings, and minimizing tax liability.

• Financial Statement Integration
  Preparation and review of key schedules including Schedule 50 (shareholder info), Schedule 100/125 (financials), and GIFI (General Index of Financial Information).

• Corporate Structure Review
  Analysis of shareholder loans, intercompany transactions, and related-party dealings to ensure tax efficiency and compliance.

• CRA Account Setup & Remittance Monitoring
  Assistance with Business Number registration, GST/HST, payroll accounts, and ongoing remittance tracking to avoid penalties and interest.

T4 Slips – Employment Income

We assist employers with all aspects of T4 slip preparation, including:

• Payroll Reconciliation & Year-End Summaries
  We reconcile payroll records with accounting systems to ensure accurate reporting of salaries, bonuses, taxable benefits, and deductions.

• T4 Slip Generation & CRA Filing
  Preparation of T4 slips for employees and electronic filing with the CRA via the appropriate channels (e.g., RP account). Includes validation of SINs, employer details, and income codes.

• Audit-Ready Documentation
  We maintain detailed working papers and reconciliation schedules to support CRA reviews or payroll audits.

Tax Slip Preparation (T4, T5, etc.)

We provide comprehensive support for the preparation and filing of tax slips for both employment and investment income, ensuring full compliance with CRA requirements and timely submissions.

T5 Slips – Investment Income

We support corporations, trusts, and investment entities in reporting investment income accurately:

• Dividend & Interest Income Reconciliation
  We reconcile investment income reported in financial statements or general ledgers with brokerage statements and bank records. This includes:

  • Matching to T5-eligible income

  • Identifying foreign income and withholding

  • Tracking reinvested dividends and accrued interest

• T5 Slip Generation & CRA Filing
  Preparation of T5 slips for shareholders, investors, or lenders, including proper coding of eligible dividends, interest, and other investment income. We ensure timely filing with the CRA and delivery to recipients.

• Tax Planning for Retained Earnings & Distributions
  Strategic guidance on dividend declarations, timing, and tax-efficient distributions. We help optimize shareholder remuneration while managing corporate tax liabilities.

Partnership Tax Services (T5013 Returns)

We specialize in preparing and filing T5013 Partnership Information Returns for general and limited partnerships, including those in real estate, investment, and professional services.

✅ What’s Included:

• T5013 Slip Generation for Partners
  Preparation of individualized slips for each partner, detailing their share of income, losses, capital contributions, and other relevant tax information.

• Allocation of Income, Losses & Capital
  Accurate allocation based on partnership agreements and financial results, including:

  • Net income/loss

  • Capital gains/losses

  • Cumulative net investment loss (CNIL) tracking

• CRA Audit Support for Partnership Structures
  We provide documentation and representation in the event of CRA reviews, including support for complex structures, tiered partnerships, and cross-border arrangements.

• Tax Planning for Partnership Reorganizations
  Guidance on restructuring, partner buy-ins/buy-outs, and capital account adjustments to optimize tax outcomes and maintain compliance.

Construction & Subcontractor Reporting (T5018)

We assist contractors and construction businesses in meeting their T5018 Statement of Contract Payments obligations, ensuring accurate reporting and audit readiness.

✅ What’s Included:

• Preparation & Filing of T5018 Slips
  Generation and electronic submission of T5018 slips for subcontractors paid more than $500 in the calendar year, in accordance with CRA guidelines.

• Review & Reconciliation of Subcontractor Payments
  We reconcile payments recorded in your accounting system with actual disbursements to ensure completeness and accuracy.

• CRA Compliance & Audit Readiness
  We help you maintain proper documentation and reporting practices to avoid penalties and support CRA audits or inquiries.

• GST/HST & Source Deduction Advisory
  Guidance on when GST/HST applies to subcontractor payments and whether source deductions (e.g., CPP, EI) are required based on worker classification.

Foreign Affiliate Reporting (T1134)

We help corporations with foreign affiliates meet their T1134 filing obligations, ensuring full compliance with CRA’s international reporting requirements.

✅ What’s Included:

• Preparation & Filing of T1134 Forms
  Complete preparation and electronic filing of T1134 returns for each foreign affiliate, including consolidated filings where applicable.

• Ownership Structure Review & Reporting Thresholds
  Analysis of corporate ownership to determine affiliate status, control thresholds, and filing requirements.

• Strategic Planning for Foreign Income & Tax Credits
  Guidance on optimizing foreign tax credits, repatriation strategies, and minimizing double taxation.

Foreign Property Reporting (T1135)

We assist individuals, corporations, and trusts in preparing and filing T1135 Foreign Income Verification Statements for specified foreign property exceeding $100,000 CAD.

✅ What’s Included:

• Preparation & Filing of T1135 Forms
  Accurate reporting of foreign assets including stocks, bank accounts, real estate, and crypto holdings.

• Review of Foreign Holdings & Reporting Categories
  Classification of assets under CRA’s seven categories, including cost base and income attribution.

• Penalty Avoidance Strategies
  Timely filing and documentation support to avoid penalties that can exceed $2,500 per year.

• CRA Audit Support & Documentation
  Assistance with CRA inquiries, including support for valuation, ownership, and income sourcing.