Corporate Tax

Although corporations act as independent financial organisms, they are still required to file a corporate income tax return every year (T2).  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 regardless if there is no tax payable. In the event that a corporation has to pay any outstanding taxes, corporations must either pay it all at once or through a negotiated installment plan created in advance.

It also has to attach complete financial statements, GIFI, and the necessary schedules to the T2 return. Corporations can choose any fiscal ending date for the first year in business.

As a company, it is important to keep in mind that the correctness of a corporate income tax return depends largely on the structure and accuracy of its bookkeeping records. For this reason, V-Tac strives to help company’s maintain a solid foundation in bookkeeping. We are confident that our services will provide you with sound knowledge and diligence to prepare a solid corporate income tax return.

Our professionals have the knowledge and experience to minimize corporate tax payable amounts. Corporate tax planning takes into account a substantial 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 the best formation for your projected transactions and new investments.

• Our Clients

  • 
  • 
  • 
  • 
  • 
  • 
  • 
  • 
  • 
  • 
  • 
  • 
  • 
  • 
  • 
  • 
  • 
  • 
  • 
  • 

• Client Testimonials

  • We have used V-Tac Accounting Services for the past couple of years and have found their staff to be patient and trustworthy. They always answer all of my questions and keep me organized. Josef Karol, Dairy Dell Bar & Grill Inc
  • I have many friends always complaining about how dissatisfied they are with their accounting services. Luckily, this has never been the case for me. I am always happy with V-Tac’s services because they are honest and take proper care of my taxes. Greg Dengis, Dengis Construction Ltd
  • Affordable, quick, and accurate. I couldn’t be happier with my tax returns. Adnan, 2013626 Ontario Inc - Coffee Time
  • One of the main issues I had with previous firms was time constraint. With V-Tac, however, I developed an immense amount of trust in their services because they’re always dependable. I would definitely recommend their services to anyone. Israel Weinstock, Doar Mailing Services Inc
  • The exceptional staff at V-Tac work hard to prepare and review our complete bookkeeping records. They are competent, reliable, adaptive, and professional. They give us peace of mind. Darko Trifunovic, Neighbourhood Landscaping Inc
  • We have been working with V-Tac Accounting and Services for many years. They have saved us money in taxes by carefully analyzing our files and delivering the highest standard of service quality. We are always impressed. Fesih Z Mert, Maple Stucco & Wall System
  • The services rendered by V-Tac are consistently efficient. They give me the freedom to focus on the needs of my company and my clientele. I look forward to continuing my professional relationship with them in the years to come. Richard Holyoke, Holyoke Stone Works Inc
  • V-Tac’s strong technical knowledge, expertise, and integrity are incomparable. My family and I trust their professional staff with both our business and personal finance issues. We intend to continue being their faithful customers. Gustavo Cruz, Surnet Communications Inc
  • V-Tac has consistently advised with us creative business solutions and effective tax strategies to boost our profit and growth. They are resourceful and always willing to provide well-researched solutions. Aref Zahed, Zayn Media Inc
  • I have been a long time customer of V-Tac Accounting and Professional Services. During this time, I have experienced useful tax advice that I trust and benefit from. NCSC Inc, Aijaz Muhammad
  • I like using V-Tac’s services because they always deliver practical solutions to complex financial issues. They prioritize my business interests, which assures me that my finances are in good hands. Reid, Full Truth Church of God Deliverance
  • For once, I am happy that my personal taxes were filed correctly and did not result in me being audited. V-Tac’s services are fast, reliable, and most of all professional. Danniel Lewis, Dann Service Corporation
  • The staff at V-Tac have always been courteous and competent in delivering all the necessary work in a timely manner. I have come to rely heavily on their business solutions and knowledge while taking advantage of their tax/ accounting advice to further my financial goals. Enver Coovadia, J W Car Care