Corporate Tax – who has to file?

corporate taxes

This is a question often asked of me by new clients. “I have a corporation, do I need to file a tax return?  I don’t earn very much”. The truth is, all resident corporations have to file a tax return every year, regardless of income levels or any other factors. […]

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Tax Compliance: Voluntary Disclosure Program (VDP)

Due to the nature of the Canadian tax system, which relies heavily on the taxpayers’ understanding of the various rules and provisions, it is common to see taxpayers realize their previous filings with CRA were inaccurate or incomplete. […]

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Important Tax Accounts

The general public may be familiar with accounts such as the income tax account and the tax payable account. However, when it comes to tax, a few of the most important accounts in tax are accounts that you might be unaware of. These accounts include the refundable dividend tax credits (RDTOH), the capital dividend account […]

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