Incorporated Businesses

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.

Monthly bookkeeping Year-end & T2 support 100% Online — All of Canada
Common Challenges

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.

FAQ

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A shareholder loan is money withdrawn from your corporation that isn't salary or dividends.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.

Get Started Today

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.