Your Corporation Deserves
More Than Spreadsheets.
Incorporating gives you liability protection and tax advantages — but it also comes with ongoing financial obligations. We handle your monthly books, year-end close, and T2 support so you meet every deadline and make the most of your corporate structure.
What Incorporated Business Owners Deal With
Two Tax Returns — One Strategy
As a corporation owner, you file both a personal T1 and a corporate T2. The decisions you make on one affect the other — salary vs. dividends, year-end timing, shareholder distributions. Both returns must be coordinated together, not treated as two separate filings.
Salary vs. Dividends
The optimal mix of salary and dividends changes with your income level, province, and personal situation. Getting it wrong costs you real money every year.
Shareholder Loan Tracking
Withdrawals from your corporation that aren't properly classified can become personal income in the CRA's eyes — and trigger unexpected tax bills.
Services for Incorporated Businesses
Monthly Bookkeeping
Accurate monthly records — transactions categorized, accounts reconciled, reports delivered. Your accountant will thank you.
Year-End & Working Papers
Year-end close, adjusting entries, and a complete working papers package ready for your CPA to prepare the T2.
Payroll & Source Deductions
Owner salary and employee payroll processed correctly — CPP, EI, and income tax remitted to CRA on time.
GST/HST Filings
GST/HST returns prepared and filed on time. Every ITC claimed. No missed deadlines.
T2 Support
We prepare the bookkeeping side and coordinate directly with your CPA for the T2 corporate filing.
CRA Support
Corporate audits, reassessments, and CRA correspondence — handled professionally on your behalf.
Incorporated Business Questions — Answered
The Small Business Deduction (SBD) reduces the federal corporate tax rate from 15% to 9% on up to $500,000 of active business income for Canadian-controlled private corporations (CCPCs). To qualify, your corporation must be a CCPC, and your passive investment income must not have exceeded $50,000 in the prior year — above that threshold, the SBD begins to phase out, and is eliminated at $150,000. For eligible businesses, this deduction is one of the most significant tax advantages in the Canadian tax system.
The T2 is due six months after your corporation's fiscal year-end. Any balance of tax owing must be paid within two months (or three months for eligible CCPCs). We track both deadlines for you and ensure your books are ready well in advance.
For most incorporated businesses, yes. We handle the monthly bookkeeping and year-end working papers. Your CPA uses those records to prepare the T2 and advise on tax strategy. The division keeps costs down and ensures both roles are handled by specialists.
A shareholder loan is money withdrawn from your corporation that isn't salary or dividends. If not properly documented and repaid within CRA's rules, it can be included in your personal income. We track shareholder loan balances carefully to keep you compliant.
Yes. Most owner-operators use a combination of salary and dividends. The optimal mix depends on your personal tax situation, CPP contributions, and corporate tax rates. We work with your accountant to ensure the structure is documented correctly in the books.
Useful Articles for Incorporated Businesses
Salary vs. Dividends: What's Best for Your Corporation?
The tax math behind paying yourself as a CCPC owner — and why most owners benefit from a mix of both.
Shareholder Loans and the CRA: What Every Owner Must Know
The one-year repayment rule under section 15(2) — and how to avoid having your loan taxed as income.
Your Corporation Needs Clean Books.
We Deliver Them Every Month.
Tell us about your business and we'll send you a custom, no-obligation quote within 1 business day.