As a business, you’ll often find yourself making decisions that have serious tax implications. At GTA Accounting Professional Corporation, we offer a wide range of services for corporations in Canada. We know that tax laws that affect Canadian organizations change every so often.
That’s why our professionals always stay up to date and ensure you make decisions based on what matters. We pay attention to detail to ensure every aspect of Corporate Tax Return and preparation is done correctly, in a timely and affordable manner.
We know that every business is unique. That’s why we design our packages to suit the unique needs of your corporation. Proper tax planning can help any kind of business to achieve its goals. Our goal at GTA Accounting Professional Corporation is to help you run your business smoothly knowing that all the messy paperwork and numbers are in the right hands.
Benefits Of Hiring A Chartered Professional Accountant In Toronto
GTA Accounting Corporation takes pride in establishing a very loyal customer base. You may expect timely completion of your taxes with high level of accuracy and efficiency because we always try to out perform when it comes to taxation matters. We leverage technology to provide clients with a dependable service that meets deadlines.
We are certainly the go-to corporate tax accountant Toronto. This could be as a result of the 100% customer satisfaction that we value so much as a company. We are totally committed to giving you the information you need including fine-tuning your tax filing to meet regulations within short notice. Whether you have an area that is unclear such as accrual accounting or you simply need us to provide day to day accounting services, we’re here to help.
Why Choose GTA Accounting Professional Corporation in Toronto?
Our company in Toronto not only has diverse experience in business but also entrepreneurial backgrounds. We have a Chartered Professional Accountant who is well-versed with solutions that meet the needs of the corporate world.
Not only are we able to prepare and fill your corporate tax return but we can also offer a package that includes financial statements, bookkeeping, and other accounting services. Rest assured, everything is done to the highest standards possible. We maintain a high level of professionalism and confidentiality of your business data as is required by an accounting firm in Toronto.
Our Exceptional Corporate Tax Services
We can help you prepare your income tax returns, HST returns, T4 and T5 returns according to CRA guidelines. If you need help understanding your tax implications whether you are a startup, self-employed or large corporation, our CPA will work tirelessly to ensure your needs are met.
We can even advice on any proposed transactions and show you ways to minimize taxes or make changes to your business structure in order to save more. We can help you assess the tax implications of all your corporate transactions.
FTC (Foreign Tax Credits Or Deductions)
For all the taxes you paid in Canada, you can make a claim for foreign tax credit on your United States tax returns. If you are a green card holder or a U.S. citizen, you must file the 1040 form on yearly basis if you meet a certain income threshold. You may be subject to S.E. tax exemption if you reside in Canada and you are exempted by the Canadian U.S. social security agreement. You will have to file disclosure to this exemption with the 1040 Form.
Other than filing the 1040 Form every year, you may be subject to additional tax reporting. Additional tax reporting may apply if you are a beneficiary or if you own Canadian Mutual Funds. You are also subject to additional U.S. tax reporting if you own or are a beneficiary of Canadian RPPs, RESPs, RRSPs, and TFSAs.
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