Corporate Tax Services
We provide a wide range of corporate tax services to meet the needs of Canadian and foreign-based small, medium and large sized corporations in various industries. From corporate tax return preparation and compliance to corporate reorganizations, structure planning and transactional tax consulting, we offer a complete solution to ensure your tax objectives are met. Changes to Canada’s tax legislation occur frequently and you can feel safe in knowing that we keep up to date on the latest tax changes that affect your business. We can even arrange for the preparation of US corporate tax returns as required through our extensive network of tax professionals. We can also advise on payroll, GST and RST requirements to ensure you are compliant from all angles.
Small Business and Start-Ups
For new and smaller corporations, we can assist with creating an appropriate corporate structure to minimize your overall tax and meet your business needs or review your existing structure to ensure it still achieves its original objectives. We can also advise you on your company’s payroll, goods and services tax (GST) and retail sales tax (RST) registration and filing requirements as well as compile your annual financial statements for filing with the corporate tax returns. We can even help arrange bookkeeping services to ensure you set up your accounting records are well organized. We understand that you want to minimize the amount of tax you pay from both a personal and corporate perspective and we seek to identify creative tax planning opportunities to ensure you keep as much as possible to reinvest into your growing business.
Medium and Large Corporations
For larger corporations that may not have a tax department, we can provide support to your accounting/finance department to ensure you ease through your busy periods including preparation of tax provision working papers for your auditors, preparation of tax returns, management of tax audits and management of any ad hoc tax project that may come along. Our professionals are available to work with your existing staff out of your office for extras convenience.
Research & Development Tax Credits
The federal and provincial governments provide generous tax credits for business that invest in Scientific Research and Experimental Development (SR&ED) activities in Canada. We can help your organization identify opportunities to claim these tax savings as well as assist with the filing of your claim.
Tax Services for Professionals
Due to changes in the Ontario Business Corporations Act in recent years in conjunction with changes made to the bylaws of the governing bodies of many professions, most professionals in Ontario are now able to incorporate. Though it has taken a few years to catch on, the incorporation of a professional’s practice is becoming far more commonplace as professionals realize the many advantages that incorporation can offer them. Although there is a greater obligation in terms of recordkeeping, incorporation can often save the professional a significant amount of tax and offer greater flexibility for tax planning.
However, incorporation is not for everyone. We can help determine whether incorporating will reduce your overall tax liability as well as assist you with the process of incorporating to ensure that the structure of the corporation is tailored to your specific needs. We can also provide ongoing corporate and personal tax preparation and planning services to ensure that you minimize your overall tax burden from both a corporate and personal tax perspective and compile your annual financial statements to file with the corporate tax returns.
If you would like find out if incorporation is for you, call us today to set up a no-obligation meeting or telephone consultation with one of our professionals and we’ll be happy to spend some time discussing it with you. To reach someone in the corporate tax department, send us an email at firstname.lastname@example.org.
Tax Services for Non-resident Corporations
Non-resident corporations looking to expand into Canada or planning to perform services in Canada are often not familiar with the Canadian tax system. As a result, they may not be aware of Canada’s registration and filing requirements for income tax, payroll and GST. Generally, any corporation carrying on business in Canada is required to file a tax return in Canada regardless of whether any tax is payable. Further, it may also be required to register and collect GST on its invoices and in some cases may be required to withhold and remit Canadian payroll taxes for employees performing services in Canada who may also have a filing requirement in Canada. We can help ensure you are aware of your tax obligations in Canada and provide advice on when you are required to register with the Canadian tax authorities.
Recovery of Tax Withheld on Services Rendered in Canada
Many corporations who are already providing services in Canada without a permanent place of business may find that they have had Canadian and potentially Quebec tax withheld from their invoices. However, as a result of Canada’s tax treaties, the non-resident may often be entitled to a refund of the tax withheld. We can help your company determine and meet its tax return filing obligations and obtain a refund of the tax withheld where possible. With advance planning, you may be able to avoid the withholding of Canadian tax on your invoices altogether. For further informations
Expanding Your Business into Canada
If you are planning to have a more permanent presence for your company in Canada, we can help you plan your expansion into Canada to ensure you are in compliance with the various filing requirements in Canada and its provinces. We understand the complexities involved in cross border transactions and will work closely with your local tax advisor to develop a Canadian corporate structure that will work effectively with your existing entity and ensure that taxes are minimized in both countries while being mindful of transfer pricing issues and repatriation planning. Whether your company chooses to operate as a branch of an existing entity or as a standalone subsidiary, we will ensure that all bases are covered so that you are aware of potential issues before they arise.
Tax Consulting Services for CA Firms
Trowbridge offers a range of tax services to other CA firms who may not have a tax partner to ensure their clients are tax compliant and structured to take advantage of possible tax planning opportunities. Since we are a tax specialist firm and do not provide assurance services, you can feel comfortable in knowing that we won’t be a threat to your existing client relationship.
We are available to consult with you on the tax implications of planned business transactions, prepare tax memos to deal with complicated tax issues or multifaceted tax planning and assist with preparing tax provision working papers. We even offer US tax services for your clients who are US citizens/green card holders or are planning to move to another country. We will work through your firm to provide the tax services you require to help keep your clients satisfied without having to refer them elsewhere. Best of all, you won’t put yourself at risk of falling victim to common tax traps that you may not be aware of.