Domestic Tax Compliance

Complexities abound when determining the income tax obligations of a business. With constantly changing rules and regulations, companies can unintentionally be at risk of noncompliance. We provide a full range of integrated services, including preparing corporate income tax returns for corporations and partnerships, filing tax elections, and corresponding with federal and provincial tax authorities. We also identify opportunities that will help minimize both short-term and long-term tax burdens.

Trusts can be an extremely effective tool for managing your affairs long term. However, the compliance reporting can be confusing and complex at all stages of a trust’s life cycle (setup, annual maintenance, eventual dissolution). Changing rules and a heightened sense of focus from the taxation authorities means you need to ensure your trust is onside at all times. Our team provides annual advice on trusts and can ensure you are filing returns on a timely and accurate basis.

Our team can assist in all forms of tax compliance, so you are always up to date with your responsibilities. In addition to personal (T1), corporate (T2) and trust (T3) compliance, we also do annual compliance for employment income (T4) and investment income (T5). As well, we assist with all other Canadian compliance that arises both annually and periodically. Such as, for example, assisting clients with filing the Canada Emergency Wage Subsidy (CEWS) during the COVID-19 pandemic.

The financial statements of public and private companies are often subject to intense scrutiny from regulators. Ensuring they meet requirements is vital, as material weakness reports and restatements are not only costly and time consuming, they can significantly damage an organization’s integrity. We understand the challenges presented by complex, constantly changing tax laws and use a collaborative approach to help ensure our clients’ income tax provisions are correct, supported, and explainable. We assist clients of all sizes in a wide range of industries and ensure we adhere to both ASPE and IFRS guidelines. Our Canadian team works collaboratively with the U.S. and Global Income Tax Accounting teams to ensure consistent service, no matter where you operate.