Put Money Aside to Pay Your Taxes.
Planned through the year instead of discovered in April. You'll know roughly what you owe long before anyone files anything.
You've outgrown doing it yourself.
Every year the tax bill is a surprise, and never a good one.
You don't know whether to pay yourself in salary or dividends.
You're guessing at how much to leave in the account.
You want the planning done before year-end, when it can still change something.
Every month, without you asking.
- 01
Corporate return prepared and filed
T2 done properly, on time, using books we already know are clean.
- 02
Know what to set aside
A running estimate through the year, so the money is there when it's due.
- 03
Salary versus dividends
Modelled for your situation rather than decided by habit. It's usually worth real money.
- 04
Planning before year-end
The conversation that changes the outcome happens before the year closes, not after.
- 05
Instalments managed
Calculated and diarised, so you don't pay interest for being late on money you always owed.
- 06
Personal and corporate together
The two are one decision for an owner-manager. [Confirm whether personal returns are included.]
Three steps to sorted.
Discovery call
We look at your structure, your year-end and what last year's return cost you.
Through the year
Estimates updated as the books close, so nothing waits for year-end to surface.
Year-end and filing
Planning conversation first, then the return. In that order, deliberately.
You asked. We answered.
Should I pay myself salary or dividends?
There is no universal answer. It turns on how much you need to take out to live on, how much you are leaving in the company, and how each option affects CPP and RRSP room. It is a tax planning conversation, and it is one we have with every incorporated client rather than defaulting you to one or the other.
How much should I be setting aside?
Start with your profit multiplied by your corporate tax rate, which depends on whether you qualify for the Small Business Deduction. That is a rough number rather than a plan, but it beats guessing, and we will tighten it once we know your file.
Do you do my personal return too?
Yes. Owner-manager personal returns are part of what we do, and doing both is how the corporate and personal sides actually line up.
What if I'm behind on filings?
Then we get you caught up. Being behind is common and it is fixable, and for the more serious cases the Voluntary Disclosures Program is there. Nobody here is going to make you feel bad about it.
What filing late actually costsWhen should we do tax planning?
Before year-end. After it, most of the useful options have closed. How often depends on you: once a year for a settled business, more than that when things are changing in the business or at home.
Let's see if we're a fit.
A 30-minute call. We'll look at where things stand and tell you straight whether we can help.