Corporate year-end services
Compilation engagements and financial statements
We prepare compilation financial statements using your corporation's accounting records. These statements provide an organized summary of your company's financial position and results for the year.
Compilation financial statements may be needed for corporate tax filings, financing applications, shareholder reporting, or your own planning.
T2 corporate tax return preparation
We prepare your corporation's T2 income tax return and the related schedules and filings.
As part of the year-end process, we review matters such as:
- Corporate income and expenses
- Capital asset purchases and capital cost allowance
- Shareholder transactions
- Salary and dividends
- Tax instalments
- Available tax credits and deductions
- Balances carried forward from prior years
Tax planning for business owners
Some of the most important tax decisions need to be made before the corporate year-end.
We help business owners consider issues such as:
- How much salary or dividends to withdraw
- Whether corporate tax instalments should be adjusted
- The timing of major purchases
- Shareholder loan balances
- Retaining funds inside the corporation
- Personal tax implications for the owner
- Potential SR&ED tax credit opportunities
The right approach depends on your corporation's profitability, your personal cash needs, and your longer-term plans.
Who we work with
Our corporate accounting and tax services are designed for owner-managed businesses, including:
- Incorporated consultants and IT contractors
- Professional service corporations
- Technology and software businesses
- Engineering and technical firms
- E-commerce and other privately owned businesses
We work best with clients who want organized records, direct advice, and an ongoing relationship with their accountant.
How the year-end process works
1. Secure document collection
You provide your accounting records and supporting documents through a secure digital process.
2. Accounting and tax review
We review the bookkeeping, prepare year-end adjustments, and follow up on any items that need clarification.
3. Financial statements and tax return
We prepare the financial statements, corporate tax return, and related filings for your review and approval.
4. Filing and next steps
After authorization, we file the return electronically and outline any taxes, instalments, or planning matters that require attention.
Coordinated corporate and personal tax support
For many business owners, corporate and personal tax decisions are closely connected.
Personal tax returns are available for corporate clients and their immediate families, allowing salary, dividends, shareholder transactions, and other matters to be reviewed together.
Corporate accounting that looks ahead
Accurate filings are important, but good accounting should also help you make better decisions.
We take the time to understand how your business operates, how you are paid, and what you are working toward. That context helps us provide advice that is useful before, during, and after year-end.
