{"id":419,"date":"2024-09-29T10:51:43","date_gmt":"2024-09-29T10:51:43","guid":{"rendered":"https:\/\/adeptbookkeepingservices.com\/?page_id=419"},"modified":"2025-02-20T07:27:48","modified_gmt":"2025-02-20T07:27:48","slug":"419-2","status":"publish","type":"page","link":"https:\/\/adeptbookkeepingservices.com\/index.php\/419-2\/","title":{"rendered":"Corporation Tax Returns"},"content":{"rendered":"

[et_pb_section fb_built=”1″ admin_label=”Hero” _builder_version=”4.23.3″ background_color=”#084666″ use_background_color_gradient=”on” background_color_gradient_direction=”170deg” background_color_gradient_stops=”#084666 1%|rgba(7,53,99,0.8) 100%” background_color_gradient_overlays_image=”on” background_color_gradient_start=”#002e4f” background_color_gradient_start_position=”1%” background_color_gradient_end=”rgba(8,70,102,0.8)” background_image=”https:\/\/adeptbookkeepingservices.com\/wp-content\/uploads\/2024\/09\/pexels-sora-shimazaki-5668877-scaled.jpg” parallax=”on” custom_padding=”|||” global_colors_info=”{}”][et_pb_row _builder_version=”4.27.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.27.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_heading title=”Corporation Tax Returns” _builder_version=”4.27.0″ _module_preset=”default” title_font=”Aboreto|700|||||||” title_text_align=”center” title_text_color=”#FFFFFF” global_colors_info=”{}”][\/et_pb_heading][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.27.0″ _module_preset=”default” custom_padding=”||4px|||” global_colors_info=”{}”][et_pb_row _builder_version=”4.27.0″ _module_preset=”default” custom_margin=”|auto|1px|auto||” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.27.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.27.0″ _module_preset=”default” text_orientation=”center” custom_padding=”||18px|||” global_colors_info=”{}”]<\/p>\n

Corporate Accounting with Adept Bookkeeping Services<\/strong><\/span><\/h3>\n

Corporations are required to follow stricter accounting standards, and at Adept Bookkeeping Services, we ensure that our clients meet these high standards\u2014just as we do for our own operations. Once you incorporate, the way you withdraw money from the company changes, and Adept will guide you through the process. Options include paying yourself a salary, issuing dividends, or utilizing a shareholder’s loan account. The shareholder’s loan is a helpful option for newer or smaller businesses, but it is also subject to close scrutiny by the Canada Revenue Agency (CRA). It’s always best to consult a professional about how to withdraw funds from a corporation and the potential tax implications.<\/p>\n

[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.27.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.27.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_cta title=”Start Your Tax Filing Now” button_text=”Click here” _builder_version=”4.27.0″ _module_preset=”default” global_colors_info=”{}”]<\/p>\n

Get ahead of tax season! Let our experts simplify your tax filing and maximize your return. Don\u2019t wait<\/p>\n

[\/et_pb_cta][et_pb_button button_url=”tax@adeptbookkeepingservices.com” button_text=”Click Here” button_alignment=”center” _builder_version=”4.27.0″ _module_preset=”default” hover_enabled=”0″ global_colors_info=”{}” sticky_enabled=”0″ url_new_window=”on”][\/et_pb_button][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.27.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.27.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_heading title=”What we’ll need” _builder_version=”4.27.0″ _module_preset=”default” title_text_align=”center” global_colors_info=”{}”][\/et_pb_heading][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”1_2,1_2″ _builder_version=”4.27.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”1_2″ _builder_version=”4.27.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.27.0″ _module_preset=”default” global_colors_info=”{}”]<\/p>\n

    \n
  • Expense receipts<\/li>\n
  • Bank and credit card statements (preferably organized by month with corresponding receipts)<\/li>\n
  • A clean audit trail in case the CRA decides to review your records<\/li>\n
  • Access to your corporate books and records<\/li>\n
  • Previous year\u2019s T2 tax returns<\/li>\n<\/ul>\n

    [\/et_pb_text][\/et_pb_column][et_pb_column type=”1_2″ _builder_version=”4.27.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.27.0″ _module_preset=”default” global_colors_info=”{}”]<\/p>\n

      \n
    • A copy of your provincial Corporate Registration Papers (e.g., ISC)<\/li>\n
    • All CRA correspondence, including GST notices<\/li>\n
    • Corporate head office address<\/li>\n
    • Corporate business number<\/li>\n
    • Articles of incorporation<\/li>\n
    • Fiscal year-end date<\/li>\n<\/ul>\n

      [\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.27.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.27.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_image src=”https:\/\/adeptbookkeepingservices.com\/wp-content\/uploads\/2024\/09\/law-firm-26.jpg” title_text=”law-firm-26″ _builder_version=”4.27.0″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_image][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.27.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.27.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_heading title=”Keep your record in check” _builder_version=”4.27.0″ _module_preset=”default” title_text_align=”center” title_text_color=”#E02B20″ global_colors_info=”{}”][\/et_pb_heading][et_pb_text _builder_version=”4.27.0″ _module_preset=”default” text_orientation=”center” global_colors_info=”{}”]<\/p>\n

      With few exceptions, corporations are required to file a T2 corporate income tax return annually, even if no taxes are due. Corporate tax returns must be filed within six months of the fiscal year\u2019s end. However, corporate taxes owed must be paid within three months after the fiscal year ends. A corporate fiscal period cannot exceed 53 weeks. If you are owed a refund, your corporate tax return must be filed within three years of the fiscal period’s end to claim it.<\/p>\n

      Even if your corporation is tax-exempt, or inactive, a T2 filing is still mandatory. Adept Bookkeeping Services will handle all aspects of your corporate tax preparation, including preparing the Balance Sheet, Income Statement, and filing the T2 return. We\u2019ll need specific documentation from you, but we aim to make the process as smooth as possible.<\/p>\n

      [\/et_pb_text][et_pb_heading title=”Timelines and Tax Planning” _builder_version=”4.27.0″ _module_preset=”default” title_text_align=”center” title_text_color=”#E02B20″ global_colors_info=”{}”][\/et_pb_heading][et_pb_text _builder_version=”4.27.0″ _module_preset=”default” text_orientation=”center” global_colors_info=”{}”]<\/p>\n

      Our standard turnaround time is four weeks, though during peak season (March to June), this may extend to eight weeks. To avoid any delays and ensure your corporate filings are submitted on time, we recommend utilizing our tax planning services. This will help you keep everything running smoothly throughout the year and avoid any last-minute surprises.<\/p>\n

      [\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row disabled_on=”on|on|on” _builder_version=”4.27.0″ _module_preset=”default” disabled=”on” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.27.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.27.0″ _module_preset=”default” global_colors_info=”{}”]<\/p>\n

      What We\u2019ll Need:<\/strong><\/span><\/h3>\n
        \n
      • Expense receipts<\/li>\n
      • Bank and credit card statements (preferably organized by month with corresponding receipts)<\/li>\n
      • A clean audit trail in case the CRA decides to review your records<\/li>\n<\/ul>\n

        Additional documents include:<\/p>\n

          \n
        • A copy of your provincial Corporate Registration Papers (e.g., ISC)<\/li>\n
        • All CRA correspondence, including GST notices<\/li>\n
        • Corporate head office address<\/li>\n
        • Corporate business number<\/li>\n
        • Articles of incorporation<\/li>\n
        • Fiscal year-end date<\/li>\n
        • Access to your corporate books and records<\/li>\n
        • Previous year\u2019s T2 tax returns<\/li>\n<\/ul>\n

          There may be additional forms or schedules required, and we\u2019ll be sure to inform you of everything we need to complete your corporate tax preparation.<\/p>\n

          Timelines and Tax Planning<\/strong><\/span><\/h3>\n

          Our standard turnaround time is four weeks, though during peak season (March to June), this may extend to eight weeks. To avoid any delays and ensure your corporate filings are submitted on time, we recommend utilizing our tax planning services. This will help you keep everything running smoothly throughout the year and avoid any last-minute surprises.<\/p>\n

          [\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ use_custom_gutter=”on” gutter_width=”1″ specialty=”on” background_color_1=”#4e7c97″ bg_img_1=”https:\/\/adeptbookkeepingservices.com\/wp-content\/uploads\/2024\/09\/Accountant-Image-39.png” use_background_color_gradient_1=”off” background_color_gradient_stops_1=”#f6f8fa 0%|#00324e 70%” background_color_gradient_start_1=”#f6f8fa” background_color_gradient_end_1=”#00324e” background_color_gradient_end_position_1=”70%” padding_top_1=”80px” padding_right_1=”6%” padding_bottom_1=”80px” padding_left_1=”6%” padding_left_2=”30px” padding_top_bottom_link_1=”true” padding_left_right_link_1=”true” padding_2_tablet=”|||0px” padding_2_phone=”” padding_2_last_edited=”on|desktop” disabled_on=”on|on|on” admin_label=”Contact” module_class=” et_pb_specialty_fullwidth” _builder_version=”4.16″ background_color=”#f6f8fa” inner_width=”100%” inner_width_tablet=”100%” inner_width_phone=”100%” inner_width_last_edited=”on|desktop” inner_max_width=”100%” inner_max_width_tablet=”100%” inner_max_width_phone=”100%” inner_max_width_last_edited=”on|desktop” custom_margin=”|||” custom_padding=”38px|0px|0|0px|false|false” make_fullwidth=”on” disabled=”on” locked=”off” global_colors_info=”{}”][et_pb_column type=”1_2″ _builder_version=”4.16″ background_color=”#4e7c97″ background_color_gradient_start=”#f6f8fa” background_color_gradient_end=”#00324e” background_color_gradient_end_position=”70%” custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text _builder_version=”4.16″ text_font=”||||||||” text_font_size=”16px” text_line_height=”2em” quote_font=”||||||||” header_font=”||||||||” header_2_font=”Montserrat|800|||||||” header_2_font_size=”30px” header_2_line_height=”1.5em” header_3_font=”||||||||” header_4_font=”||||||||” background_layout=”dark” custom_margin=”||50px|” custom_padding=”|||” custom_padding_tablet=”|||” custom_padding_last_edited=”off|desktop” header_2_font_size_tablet=”30px” header_2_font_size_phone=”20px” header_2_font_size_last_edited=”on|phone” border_radii=”||10px|10px|” locked=”off” global_colors_info=”{}”]<\/p>\n

          Contact Us<\/h2>\n

          Get in touch with our team for any general inquiries or to learn more about our suite of financial services. We are here to assist you in navigating the complexities of your business\u2019s financial landscape with precision and expertise<\/span>.<\/em><\/p>\n

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          Contact Us<\/h2>\n

          Get in touch with our team for any general inquiries or to learn more about our suite of financial services. We are here to assist you in navigating the complexities of your business\u2019s financial landscape with precision and expertise<\/span>.<\/em><\/p>\n

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          Corporate Accounting with Adept Bookkeeping Services Corporations are required to follow stricter accounting standards, and at Adept Bookkeeping Services, we ensure that our clients meet these high standards\u2014just as we do for our own operations. Once you incorporate, the way you withdraw money from the company changes, and Adept will guide you through the process. […]<\/p>\n","protected":false},"author":2,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"class_list":["post-419","page","type-page","status-publish","hentry"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/adeptbookkeepingservices.com\/index.php\/wp-json\/wp\/v2\/pages\/419","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/adeptbookkeepingservices.com\/index.php\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/adeptbookkeepingservices.com\/index.php\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/adeptbookkeepingservices.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/adeptbookkeepingservices.com\/index.php\/wp-json\/wp\/v2\/comments?post=419"}],"version-history":[{"count":10,"href":"https:\/\/adeptbookkeepingservices.com\/index.php\/wp-json\/wp\/v2\/pages\/419\/revisions"}],"predecessor-version":[{"id":642,"href":"https:\/\/adeptbookkeepingservices.com\/index.php\/wp-json\/wp\/v2\/pages\/419\/revisions\/642"}],"wp:attachment":[{"href":"https:\/\/adeptbookkeepingservices.com\/index.php\/wp-json\/wp\/v2\/media?parent=419"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}