Most business decisions have tax implications; Canada’s complex tax environment and ever-changing legislation pose significant compliance issues for companies. Effective Canadian corporate tax strategies ensure organizations are compliant and not paying more tax than necessary. The management of federal and provincial corporate taxes is challenging, and companies are facing increased scrutiny today.
Canadian Corporate Tax Services
Ensuring CRA Compliance, Minimizing Risk, and Maximizing Returns
All corporations in Canada – inclusive of non-profit, tax-exempt, and inactive corporations – must file a tax return every year, even when there is no tax payable. And not all tax returns are created equally. Every business is unique and as such, has unique tax needs.
The goal of professional corporate tax services for Canadian companies is to minimize risk, ensure compliance and maximize value by positioning businesses for future growth. Every company has distinctive income tax obligations, and with legislation changing from year to year, not staying up-to-date can unintentionally cause serious implications with the CRA. Given this need for compliance, it is important for businesses to understand the impact of company decisions and proposed transactions.
Management of corporate taxes goes beyond compliance. Proactive businesses need to consider tax issues in every business decision – from how the company is structured, how to take advantage of tax incentives, what are the best ways to effectively expand operations, to the effect of potential future changes to the tax code on all the above. Progressive companies can significantly contribute to their bottom line when employing adequate corporate tax strategies, planning, and preparation.
MDP works with both private and public companies of all sizes, developing custom-tailored corporate tax strategies based on their unique business. We provide a full range of comprehensive and integrated Canadian corporate tax services that help our clients reduce tax burdens, ensure compliance, and optimize business processes. Our team of Chartered Professional Accountants work closely advising on tax implications of business decisions and proposed transactions while remaining accessible and responsive to assist in them achieving important company goals.
Our Canadian Corporate Tax Services can help you with:
- Federal and provincial tax planning and preparation
- Advisory on tax implications of proposed transactions
- Preparation of corporate tax and information returns
- Tax estimates and instalments
- Advisory on benefits of tax deferral
- Preparation of CRA ruling requests
- Audit defense and assistance
- Negotiations and correspondence with federal/provincial tax authorities
- Tax risk management
- Compliance services
- Transfer pricing
- Mergers and acquisitions
- Research and development tax credits (SR&ED)
MDP is distinct from many other accounting firms. Our practice group consists of individuals dedicated to providing the highest quality Canadian corporate tax solutions. We assist clients with a wide range of tax services.