We work closely with clients in various industries in Canada means we’re well-placed to help all businesses grow against their competitors. Our Corporate Tax Services:
Magic Accounting is a full-service accounting firm that can provide a variety of tax services including corporate tax services. We provide corporate tax services in Canada. We also work with many of our clients through remote capabilities like mail and E-mail and also, we have pick-up drop-off services.
According to the Canada Revenue Agency, all resident corporations have to file a corporate income tax (T2) return every tax year even if there are no tax payable or inactive corporations.
Magic Accounting will ensure that we file your return no later than six months after the end of each tax year. The tax year of a corporation is its fiscal period. When the corporation’s tax year ends on the last day of the month, returns should be filed by the last day of the sixth month after the end of the tax year. When the last day of the tax year is not the last day of the month, file the return by the same day of the sixth month after the end of the tax year. Please keep in mind that even though the filing date of the return is six months after the end of the tax year, if any amount of money is owed in the form of corporate income tax then tax payments must be made no later than three months (90 days) after the end of the tax year.
Our team of educated and experienced professionals will ensure you file a corporate income tax return that triggers the least amount of corporate tax payable.