Tax Services

Important Dates

• RRSP & T4 Slips: February 28th
• Personal Tax: April 30th
• Self-Employed Tax: June 15th
• Corporation Tax: June 30th
• Payroll Regular Remitters: Due on the 15th of every month for the previous month’s deductions.

T2 Corporate Tax Filing

The T2 corporate filing form is essential for filing corporate taxes. It is more complex than T1 personal taxes. At Capex CPA, we provide the right management services to help you avoid penalties from the Canada Revenue Agency (CRA). We start by ensuring your bookkeeping is up to date for the past 12 months, incorporating any necessary adjustments to optimize your tax position.

T2125 Sole Proprietorship & Partnership Taxation Filing

The T2125 form reports your business, commission, and professional income to the CRA. Keeping meticulous records of your expenses is crucial to maximizing your allowable deductions. As a sole proprietor or in a partnership, you may face higher tax liabilities, making effective tax planning essential.

T1 Personal Tax Filing

Even if you had no income to declare in the previous year, you are still legally required to file your personal income taxes. Capex CPA simplifies this process to ensure timely filings and avoid penalties. Simply email us your T4s and RRSPs, and we’ll prepare your return, reviewing it with you during our consultation.

T3 Trust Tax Filing

We offer critical tax strategies to minimize liabilities for individuals, business owners, and other stakeholders. Whether planning for retirement or drafting wills, we provide insights to maximize benefits for your beneficiaries while minimizing tax burdens.

Real Estate Tax

Real estate can be a lucrative investment, but it's essential to understand tax implications when disposing of property. We help you navigate capital gains tax and leverage previous capital losses to offset gains, ensuring you employ the best tax strategies for property sales.

Corporate Tax Reorganizations

Standard clauses in articles of incorporation can limit tax planning options. If your incorporation document is under six pages, you may be missing out. We can assist with reorganizations for tax efficiency, such as utilizing section 85 rollovers under the Canadian Income Tax Act.

SRED – Scientific Research and Experimental Development Tax Credits

The SRED program encourages Canadian businesses to engage in R&D. It allows you to deduct expenditures from your income and offers investment tax credits to reduce your tax payable. We guide you through the application process to maximize your benefits.

T5 Shareholder Tax Optimization

Managing income taxes effectively is crucial for business owners. We help you navigate tax liabilities associated with salaries, dividends, and other payments, optimizing your after-tax net income. CCPCs can benefit from small business deduction rates and strategic income allocation.

HST Taxation

HST impacts most businesses in Canada. Registration is mandatory for annual revenues over $30,000. We guide you in accurately managing HST collection and remittance, ensuring compliance with CRA regulations.

Estate and Succession Planning

Our estate planning services involve corporate reorganizations for succession purposes, utilizing strategies like section 85 rollovers. We help you lock in the current value of capital property and plan for future growth, maximizing capital gains exemptions.

Notice of Objection - CRA Appeals

You have the right to challenge CRA reassessments. We assist in filing your objection within the 90-day deadline, ensuring your case is presented effectively for a favorable outcome.

Purchase/Sale of Business

When buying or selling a business, understanding tax consequences is vital. Sellers often prefer share sales to utilize capital gains exemptions, while buyers typically favor asset purchases for tax benefits. Consulting Capex CPA ensures all due diligence is completed correctly.

RRSP Optimizer

Not sure how much to invest in your RRSP? We help you maximize after-tax income by determining the optimal contribution based on your long-term goals and cash flow needs. Consult with us each February to ensure your contributions are strategically planned.