Small business tax accountant
For incorporated owners who want the filings handled and a straight answer on how to pay themselves. One flat monthly price, no hourly meter on questions.
CRA EFILE authorized · Every file reviewed by an accountant · Switching is free — about an hour of your time
The questions a small business owner actually has
Owner-managed corporations do not usually need exotic tax work. They need the same handful of questions answered properly, in the year they matter. How should I pay myself. Can I take money out of the corporation. Which of these expenses are actually deductible. When do instalments start. What happens if I am late on HST.
The reason those go unanswered is structural. If advice is billed by the hour, you ration the questions, and the small ones never get asked until they have already cost you something.
Advice is in the price
Unlimited questions are built into the monthly fee, answered by an accountant who already has your numbers in front of them. There is no meter, so asking whether a purchase should go through the company in June is a message rather than an engagement.
Paying yourself
Salary and dividends are taxed differently, and the mix affects your CPP contributions, your RRSP room, and whether the corporation can claim a deduction. Salary is deductible to the corporation and creates RRSP room and CPP contributions; dividends are not deductible and do neither. Which mix is right depends on how much you need personally and what the corporation earns.
Our guide on salary versus dividends in Canada works through the arithmetic, and shareholder loan rules covers what happens when money comes out of the corporation without being either.
Filings, on time, without you tracking them
Corporate tax, HST, payroll source deductions, and T4 slips are all handled as part of the monthly service. Missing an HST deadline carries a penalty and interest, so the deadlines matter as much as the arithmetic. Our guide to the HST late filing penalty explains how those are calculated.
What’s included
- Year-end corporate tax return (T2), prepared and filed
- HST returns prepared and filed on your reporting schedule
- Payroll source deductions remitted to CRA on time
- T4 and T4A slips prepared and filed at year-end
- Every filing reviewed and signed by a Canadian accountant
- Tax planning through the year, not just at year-end
- Unlimited questions to your accountant, year-round
More on tax: Tax accountant · Corporate tax · Small business tax · Ottawa · Tax planning · Small business tax rate · Corporate tax instalments
All four services: Bookkeeping · Tax · Payroll · Business advisory
Common questions
Should I pay myself salary or dividends?
It depends on how much you need personally and what the corporation earns. Salary is deductible to the corporation and creates RRSP room and CPP contributions; dividends are neither deductible nor pensionable. Working out the mix is part of the advisory included in your monthly price.
Do you charge for questions?
No. Unlimited questions are built into the flat monthly price and answered by an accountant who already has your numbers, so there is no hourly meter discouraging you from asking.
What filings do you handle for a small corporation?
Your year-end corporate tax return (T2), HST returns on your reporting schedule, payroll source deductions, and T4 and T4A slips at year-end. All reviewed and signed by a Canadian accountant.
Do I need to be incorporated to work with taxifi?
taxifi is built for incorporated, HST-registered Canadian businesses, usually with employees or subcontractors on payroll. If you are still a sole proprietor, our guide on incorporating covers when the switch makes sense.
Small business tax, answered and filed
One flat monthly price. Book a call and we’ll quote it live.
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