Whether it’s seamless tax preparation or next-level tax planning to supercharge your growth, we’ve got your back every step of the way.
Stay ahead of tax liabilities with our forward-thinking approach, helping you save more and stress less.
Don’t leave money on the table. Our strategic tax planning can help you qualify for the Small Business Deduction, potentially saving thousands of dollars in taxes annually. By reducing your effective tax rate, you can retain more of your hard-earned profits.
Is your business structure costing you? Optimize for tax efficiency and operational success with our expert guidance on restructuring.
Grow your business without tax headaches. Our due diligence ensures tax-efficient transactions during mergers and acquisitions.
Secure your legacy. Our estate planning minimizes taxes on deemed dispositions, ensuring your assets are protected for future generations.
Turn innovation into savings. Claim up to 35% in tax credits for R&D. In 2022, businesses claimed over $3 billion in SR&ED credits.
With many Canadians owning US properties, our cross-border tax services ensure compliance with both Canadian and US tax laws.
For Canadians with US income, we simplify US tax filings to ensure compliance and minimize liabilities.
Maximize your refunds and ensure compliance with our personal tax preparation services.
Simplify GST/HST compliance. We handle registrations and filings, so you can focus on your business.
Keep more of your profits. Our accurate T2 filings and strategic planning minimize your corporate tax liabilities.
Effective tax planning can save your business thousands. For example, the Small Business Deduction can significantly reduce your tax burden on eligible income. Our experts at Online Accountant CA utilize Xero and QuickBooks Online to identify deductions and credits tailored to your business, helping you retain more profits.
Get answers to common questions about taxation to help your small business stay compliant and save money.
For Canadian-controlled private corporations (CCPCs), the federal small business tax rate is 9% on the first $500,000 of active business income. In Ontario, the provincial rate is 3.2%, resulting in a combined rate of 12.2%.
Your corporation must be a CCPC, have taxable capital under $10 million, and earn active business income not exceeding $500,000 to qualify for the Small Business Deduction.
SR&ED (Scientific Research and Experimental Development) is a tax incentive program offering up to 35% in tax credits for R&D activities, with over $3 billion claimed by businesses in 2022.
Businesses with annual taxable supplies over $30,000 must register for GST/HST, though voluntary registration is an option for those below this threshold.
Employers must withhold and remit income tax, CPP, and EI contributions, provide T4 slips, and file T4 summaries annually.
