Small Business

Corporation Tax Return Services

With all the responsibility and rewards of being your own boss, becoming a small business owner changes the way you file a tax return. Contrary to a personal tax return, a corporation is required to file a tax return each year regardless of whether tax is owing and can be significantly more complex. There are various taxes that a Canadian Controlled Private Corporation (CCPC) may have to pay depending on the activity that is generating the income. Additionally, corporate owners (who earn active business income) pay tax at a lower rate and can help defer taxes on income that is retained within the company. Being incorporated provides many advantages, tax-related and otherwise, and should be considered when starting and/or growing a small business.  

We at Numbers Plus® recognize that our corporate clients have significant assets and ensure them to take advantage of small business deduction (SBD) and/or manufacturing and processing (M&P) credits and preserve their entitlement to the capital gains exemption. Let us engage in leading tax minimization strategies to enhance your business value.


Important Dates

April 30

Personal tax payments are due. Tax return filing deadline is April 30th unless you or your spouse have business income then filing deadline is June 15th.

March 31

Trusts: Payment and filing deadline is March 31st (three months after the year end which is Dec 31st) unless a Graduated Rate Estate which is three months after the...

February 28

Tax Slips (T4, T4A, T5, …): Payment deadlines are as per usual (i.e.

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FAQ

Where are you located?

We are located on 168 Queen Street in Mississauga, ON in suite 209. The office is located in beautiful downtown Streetsville.

What are your hours of operation?

Our standard working day runs from 9am to 5pm. We can occasionally accommodate appointments outside of these hours.

Do you have parking?

Yes. We have parking in the back of the building with easy access to our office. If you require public transportation, the Mississauga Transit system stops in front of our office and the Streetsville Go Station is only a few blocks away.

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