Taxation Services in Toronto, Ontario
We pride ourselves on being able to provide effective tax saving solutions to both our corporate and individual clients. Tax laws and regulations are continuously changing and we always stay up to date with the latest knowledge to help serve you better. We are passionate about saving our clients time and money; so we strive to educate ourselves on what matters to you. No matter your situation, we will go beyond your expectations as your tax accountants.
Our taxation services include corporate taxation, individual taxation, sales taxes(GST/HST)and international tax consultations.
Corporate Taxation
Canadian resident corporations are subject to tax on their global income. With the exception of registered charities and tax-exempt Crown corporations, all resident corporations must file a tax return (T2) for each tax year; including but not limited to non-profit organizations, tax-exempt corporations, and inactive corporations. A tax year corresponds to the corporation’s fiscal year end. Note that a tax return must be filed even if there is no activity or income in the corporation.
As your corporate tax accountant in Toronto and the GTA, we will ensure that your tax return is filed on time and accurately while helping you save. Our accountants will ensure that through innovative tax planning we can minimize the tax your corporation pays.
Our corporate tax services include (can be packaged with accounting services or offered as stand-alone):
- Preparation and filing of T2 Tax Returns
- Preparation and filing of HST Returns
- Preparation and filing of payroll source deductions and corresponding T4s
Our professional accounting team in Toronto also has experience in effectively and efficiently dealing with the Canada Revenue Agency(CRA)on your behalf in such matters as:
- Responding to CRA notices
- Liasing with the CRA for any audits, including corporate, payroll and HST audits
- Registering business numbers with CRA and making any necessary changes to clients’ CRA accounts
- Assisting in appeals and representation for fairness for individuals and corporations in matters relating to personal tax, corporate tax, payroll and HST
Our professional team will ensure the best representation as your accountants for your corporate taxation needs in Toronto and the GTA. To schedule a consultation please Click Here or contact us at info@rrcacpa.com or by phone at 416-490-6880
Individual Taxation
The year has finished and spring is the time for personal taxes to be filed. Thousands of Canadians need to file taxes for the previous year before the April 30th deadline (June 15th for those who are self-employed).
Our firm has over 30 years’ experience in individual taxation and can ensure that you minimize your taxes payable and maximize your refunds. We serve in filing T1 tax returns for individuals in Toronto and the GTA every year. Through this extensive experience, the professionals at our firm will ensure your every need is met.
Almost every person residing in Canada or earning an income in Canada must file a personal tax return. As each individual’s circumstances is unique, we tailor our personal income taxation service on an individual level. Please see our resources page for a list of income, deductions, and credits you may be able to claim on your return.
Our professional team will ensure the best representation as your accountants for your individual taxation needs in Toronto and the GTA. To schedule a consultation please Click Here or contact us at info@rrcacpa.com or by phone at 416-490-6880.
Sales Taxes
GST/HST registrants are entitled to claim input tax credits (ITCs) equal to the amount of sales taxes paid on purchases of goods and services against the GST/HST collected on their sales/services. We are knowledgeable in this area and have extensive experience assisting our clients with GST/HST.
Our services typically include:
- Determining whether your business is required to register for GST/HST and,if so,assist you in preparing and completing the HST return to determine whether you need to return or receive a refund.
- Filing GST/HST returns as per required timeline with CRA
- Maintaining GST/HST records and assisting with CRA audits if necessary
Our professional team will ensure the best representation as your accountants for your sales tax needs in Toronto and the GTA. To schedule a consultation please Click Here or contact us at info@rrcacpa.com or by phone at 416-490-6880.
Specialized Taxation Services
We offer specialized taxation services in the following areas:
- Corporate restructuring
- Estate planning(ADD LINK)
- Business succession planning (ADD LINK)
- Planning for purchase and sale of a business
- Tax controversy and disputes
- Cross-border taxation
Our professional team will ensure the best representation as your accountants for your specialized taxation needs in Toronto and the GTA. To schedule a consultation please Click Here or contact us at info@rrcacpa.com or by phone at 416-490-6880.