Award-Winning Corporate Tax Accountant Toronto
Manage your corporate tax with Toronto’s most approachable CPA. Pay the minimum tax needed precisely, not a penny more.
Save Time and Money. Your Corporate Taxes are Professionally Handled, Thoroughly Compliant, and Tailored to Your Business Needs.
Local & Industry Expertise
Our Accountants have in-depth knowledge of Toronto’s tax regulations, municipal requirements, and industry-specific tax. This expertise will help you stay compliant with all relevant laws, avoid penalties, and optimize tax positions.
Maximizing Deductions & Credits
With proactive planning and the right strategy, we will identify and maximize available tax credits and deductions, including GST/HST rebates, ITCs, R&D credits, and other relevant tax incentives (Save up to 50%)
Dedicated Client Support
Get personalized advice from the best tax accountants in Toronto. Our corporate tax accountants will respond to you in under 2 hours to address your concerns. Access your data anytime, anywhere, using the SAL Cloud Accounting System.
CRA Compliance, Guaranteed
No need to worry about following tax regulations - we will ensure compliance to reduce the risk of being audited and let you focus on business. If audited, we will cover it free of cost.
Corporate Tax Preparation and Filing in Toronto
In the fast-paced business environment of Toronto, managing corporate taxes is crucial for maintaining financial health and ensuring compliance with the Canada Revenue Agency (CRA). Our full-range corporate tax services are designed to help businesses of all sizes navigate the complexities of corporate tax laws, optimize tax liabilities, and stay ahead of regulatory changes.
We offer a full suite of corporate tax services, including:
Corporate Tax Preparation and Filing
Accurately prepare business(T2) tax return
- File corporate income tax returns on time & every time
- File nil returns for dormant or inactive corporations
- Represent you before CRA and Rescue from CRA Audit.
Strategic Tax Planning and Advice
- Identify tax-saving opportunities TO SAVE YOUR MONEY
- Innovative plan to maximize available tax credits & deductions
- Quick Support from Dedicated Qualified Accountants.
Indirect Tax Services
- Prepare and submit GST/HST/PST on time
- Claim maximum Input Tax Credits (ITC) for every expense
- Forecast year-end HST liability to set up prepayments
- Scientific Research & Experimental Development (SR&ED) claims
Tax Compliance
- Identify process inefficiencies & avoid penalties
- Manage tax reporting requirements for CRA
- Cost-efficient tax compliance strategies
- Converting standard financial statements to GIFI format for CRA reporting.
Tax Risk Assessment & Mitigation
- Proactively conduct tax risk assessment
- Identify areas of tax exposure and risk
- Develop & implement risk mitigation strategies
- Provide a Peace-Of-Mind Checklist to minimize errors
- Tax Strategy and Consulting support from experts
Automated Bookkeeping
- Support from QuickBooks ProAdvisor – Gold Tier
- Account Receivables & Account Payables Management
- Cloud Accounting Solutions to manage from anywhere
Trusted By Toronto’s Up & Coming Businesses
We helped hundreds of medium or large corporations in Toronto and the GTA area manage corporate taxes, ensured compliance, reduced taxes, and saved thousands of dollars.
See How Our Corporate Tax Accountants Have Helped Businesses Like Yours.
See why we’re rated as top reviewed tax accountants for corporations in Toronto by clients who have saved thousands through our strategic tax planning and compliance services.
Quality Over Everything.
With a 100% accuracy rate in preparation and tax filings, we ensure we deliver financial reports you can trust.
Dedicated Accountant Support
Save time and money with proactive and consistent support in technically complex areas of corporate tax from our Certified Accountant.
Technology Driven Solutions.
We use advanced cloud-based accounting software. A client reports they reduced 30% in tax preparation time and increased 20% in tax savings.
Why Our Corporate Tax Clients Love SAL Accounting.
Only Pay When 100% Satisfied with Our Corporate Tax Services.
100% Money-Back Guarantee.
We believe you should only pay if satisfied with our business tax services. Our team is committed to making it true.
Compliance Assurance
Ensure strict adherence to current tax laws and regulations for financial records, avoiding penalties & providing peace of mind.
CRA Audit Protection
No more feeling anxious over being audited. We know how to avoid CRA audits with proactive measures. If audited, we’ll handle it for free.
Why Section
The Number #1 Corporate Tax Services for Toronto’s Businesses.
Every industry is different, and so are their unique tax considerations. We will help you whether your accounting and tax needs are large or small. Utilizing our services allows you to navigate the complexities of corporate tax in your specific industry, potentially saving time and resources. We proudly serve the following sectors including-
Manufacturing
Toronto is the hub of companies producing everything from consumer electronics to auto parts. Businesses in this sector frequently must pay taxes on the money they make from selling manufactured goods. Sal accounting will help manufacturers detect industry-specific tax incentives and deductions, claim an input tax credit(ITC) and Scientific Research & Experimental Development (SR&ED), and accurately prepare and file corporate taxes(T2) on profit and manufactured goods.
Retail
Retailers are companies that offer products to customers directly. Retailers pay corporation taxes on their sales or earnings, regardless of the size of their business. We will help you file your GST/HST accurately and efficiently to avoid CRA Audits, optimize sales tax reporting and compliance, and provide advice on tax-saving and compliance for retail businesses. If audited, we will represent you on behalf of your business to CRA to keep you out of trouble for free.
Healthcare
Healthcare businesses in the Toronto area are taxed on profit from their medical services and products. These include hospitals, clinics, pharmaceutical companies, medical device manufacturers, etc. We support healthcare businesses by timely and accurate tax filings, identifying credits and deductions, and streamlining tax processes. We’ll help you maximize your tax deductions for medical costs and R&D by navigating the tax environment for healthcare facilities, clinics, and producers of medical devices.
Technology
Software development companies, hardware manufacturers, and IT companies are subjected to corporate taxes on services and goods sales. As a tech-savvy accounting firm, we will manage your corporate and sales taxes and identify opportunities to reduce taxes and maximize deductions, claiming ITC and freeing you from the administrative burden of growing your business. We also advise you on Scientific Research & Experimental Development (SR&ED) claims and other incentives provided by govt. to boost your business innovation.
Financial Services
Banks, investment firms, and insurance companies have specialized tax needs. We’ll handle the complexities of your financial transactions, interest, and investment returns, maximizing your tax savings.
We will help you manage Corporate Income Tax(CIT), GST/HST filing, Financial Institutions Capital Tax (FICT), Insurance Premium Tax, Securities Transfer Tax, Municipal and Property Taxes and Payroll Taxes.
Real Estate
We understand property development, management, and sales tax implications for companies in the GTA area. We’ll help you navigate CIT, capital gains tax, GST/HST, property taxes, land transfer tax, speculation and vacancy taxes, and rental income taxes, ensuring you keep more profits. We will also ensure you receive the maximum Capital Cost Allowance (CCA)
Construction
Focus on building, not on tax burdens. We’ll handle the tax side of your construction projects, maximizing deductions for materials and labor and keeping your cash flow healthy. We will file CIT(T2), payroll taxes(T4), claim maximum Input tax credits and Capital Cost Allowance (CCA) for you. Our CPA identifies the tax-saving opportunities and puts more money in your pocket.
E-Commerce
Navigating eCommerce sales tax across provinces, international shipping complexities, and digital product sales can be overwhelming. Our experienced accountants will manage your GST/HST/PST and CIT filing and ensure compliance with CRA.
How will our Corporate Tax Accountants Work Together With You?
A SIMPLE 5-STEP PROCESS FOR CORPORATE TAXES
Step 1
BOOK A FREE TAX REVIEW
We will understand your situation deeply and decide how to tailor our corporate tax solution to meet your needs.
Step 2
PROVIDE DOCUMENTS
To get started, you will be provided a checklist to gather & upload your documents to our highly secure drive.
Step 3
GET ON AN ONBOARDING CALL
Speak to your dedicated CPA to develop a personalized tax strategy to handle your matter and raise any immediate needs and concerns.
Step 4
REVIEW AND SIGN YOUR TAX RETURN
Once finalized, review your tax return and follow the steps to pay any outstanding balance to the CRA.
Step 5
RETURN E-FILED
SAL Accounting electronically transmits your tax return to the CRA while you focus on your business.
A Message from Our CPA
“Hi there! I’m the founder of SAL Accounting. I understand that complex corporate tax matters can seem overwhelming. However, you do not have to face them alone. Get through it with our supportive, relatable team by your side. We take care of all the details, ascertaining a tax return that is both correct and save your business from CRA Audit. Our dedicated team is always accessible to respond to your inquiries and offer clarification as needed. Consider us your company financial partners, dedicated to a hassle-free corporate tax experience. We provide updates and insights to keep you informed throughout the year, and we are here to support you throughout tax season.”
M. SALMAN
Partner with Award-Winning Corporate Tax Accountants in Toronto
Sarah Zeyneb
Jazz Thind
Alex Hart
M.SALMAN, CPA
FAQs: Corporate Tax Accountants in Toronto
What services does SAL Accounting offer for corporate taxes?
Sal Accounting offers a wide range of corporate tax services tailored to Toronto’s business-specific needs, including corporate tax preparation and filing, tax strategy and consulting, CRA Audit representation, income tax compliance, indirect tax services (GST, HST, PST), CRA dispute resolution and many more. We have extensive experience in serving 7-figure Businesses. We serve most industries, including construction, manufacturing, real estate, e-commerce, startup, healthcare, etc.
How can a corporate tax accountant in Toronto help my business save on taxes?
Our CPA will identify potential tax-saving opportunities, evaluate tax risk and exposure, plan to maximize deductions and ensure compliance with provincial and federal tax laws. We also provide proactive tax planning and strategies tailored to your business needs to minimize tax liabilities. That makes us the best tax accountant in Toronto.
What types of records do your tax accountants need?
We highly suggest keeping records of all income, expenses, receipts, invoices, bank statements, and financial statements. Our CPA will use these records to prepare the tax return accurately and more effectively and avoid CRA audits as much as possible. You can use our cloud-based accounting software, such as QuickBooks, to maintain all these records in detail.
What are the benefits of regular tax reviews?
Regular tax reviews help identify new savings opportunities and ensure compliance. They keep your business on track with changing tax laws. A CPA can help you stay ahead of tax issues and avoid costly mistakes.
When should I file tax reports?
All taxes owed must be filed by April 30. However, sole proprietors and partnerships must file T1 returns by June 15. Corporation tax (T2) should be filed within six months of the taxation year’s end. Otherwise, they must pay penalties of 5% of the balance due, plus 1% for each month late. We help you avoid paying extra money on these penalties by on-time tax filing.
What is Audit Rescue™ from CRA?
CRA Audit Rescue™ is a service offered by Sal Accounting Corporate Tax Plan to deal with problems with the Canada Revenue Agency (CRA). This service is for corporations going through a CRA tax audit.
Sal Accounting will act as your representative and handle all communication with the CRA on your behalf, help you stop collection activities from the CRA, and negotiate a better outcome for your tax situation.
Do I need to file my corporate tax returns even if my business income is not taxable?
All resident businesses in Canada must file their tax returns each year, even if no tax is payable, including non-profit organizations, tax-exempted companies, and inactive organizations. This rule does not apply to crown corporations and resident charity organizations.
How does SAL Accounting ensure compliance with tax laws?
We will ensure compliance with the tax laws by staying updated on tax law changes and analyzing client financial documents and reports to identify deductions and credits. We also prepare accurate tax returns according to regulations and communicate with tax authorities on your behalf (if needed).
What is included in your tailored corporate tax services?
Our tailored corporate tax services include T2 tax preparation and filing, tax planning, and strategy. Some of our corporate tax plans also include a personalized call to meet your organization’s unique needs. Schedule a Free Consultation Call to discuss.
How do I know if my current accountant is right for my business?
Your accountant should provide clear, precise advice and communicate well. They should be proactive in finding tax-saving opportunities and ensuring compliance. It might be time to switch if they don’t meet these criteria.
What should I look for when switching accountants?
When switching accountants, check their experience and qualifications. Look for a CPA with a strong track record in your industry. Ensure they understand your business needs and have a proactive approach to tax planning and compliance. Look to the rewards or recognition and check the feedback from their past clients on review platforms like Google reviews.
Is your accountant certified?
Yes, our accountant is a Certified Public Accountant (CPA). You will have peace of mind knowing that your corporate tax filing is in the hands of an award-winning, experienced, and certified accountant.
Is it necessary to have an Accountant near me?
No, you don’t need to. We offer our services online and offline, so we can help Shopify businesses no matter where they’re based.
Where is SAL Accounting located?
SAL Accounting is located in the heart of downtown Toronto. Our office address is 330 Bay Street, minutes from Union Station and CN Tower.
Get Your FREE Consultation Today to Discuss Your Needs.
Looking for an affordable corporate tax accountant in Toronto? Don’t delay. Reach out today to schedule a free consultation on making your corporate tax journey simple and stress-free.