Corporate Tax Filing in Oakville

Complete T2 preparation with every schedule your Oakville corporation needs, including pharma HST review and holdco documentation.

• Prepare the T2 corporate income tax return with all required schedules including Schedule 1 (net income reconciliation), Schedule 4 (loss carryback), Schedule 8 (CCA) and Schedule 50 (shareholder information).
• Map financial statement data onto Schedule 100 (balance sheet) and Schedule 125 (income statement) through matched GIFI coding.
• Confirm CCPC status and apply the Small Business Deduction (12.2% combined rate on first $500,000 of active business income).
• File electronically with CRA and provide confirmation of filing within 24 hours.
• Include the director's personal T1 return at no additional charge for all T2 clients.

Oakville's pharmaceutical corridor requires precise HST classification and transfer pricing documentation.

• Classify every pharmaceutical product at the SKU level: DIN-registered prescription drugs are zero-rated (0% HST), over-the-counter products and non-DIN items are taxable at 13%.
• Prepare contemporaneous transfer pricing documentation under Section 247 for management fees, royalties and cost-sharing allocations paid to non-resident parent companies.
• Classify patents and licences under CCA Class 44 (25%) and claim SR&ED credits on clinical trial coordination and drug formulation R&D.
• Prepare the T2 with correct pharmaceutical HST classification to withstand CRA Hamilton TSO product-level audit review.
• File amended HST returns where zero-rated products were incorrectly charged at 13%, recovering over-collected HST.

The Ford Oakville Assembly Complex EV transition is creating significant Clean Technology ITC opportunities.

• Identify EV manufacturing machinery, battery assembly equipment, thermal management systems and testing rigs eligible for the 30% refundable Clean Technology ITC.
• Document that qualifying equipment is used primarily for clean technology manufacturing activities as required by the Clean Tech ITC rules.
• Coordinate the Clean Tech ITC with CCA Class 53 (50% M&P) claims to maximise the combined first-year deduction on qualifying equipment.
• Prepare the Clean Tech ITC claim with T2 filing including all supporting documentation for CRA review.
• File amended T2 returns to recover Clean Tech ITC on equipment acquired in prior years where the credit was not originally claimed.

Oakville's Lakeshore Rd medical corridor has a high concentration of professional corporations requiring specialised tax planning.

• Prepare T2 returns for physicians (CPSO), dentists (RCDSO), pharmacists (OCP) and allied health professionals with correct professional corporation share structure compliance.
• Establish holdco structures for surplus cash extraction, creditor protection and LCGE multiplication for future practice sales.
• Document management fee arrangements with full fair market value support, written agreements and evidence of services rendered.
• Structure salary vs. dividend compensation to minimize combined corporate and personal tax for Oakville healthcare professionals.
• Monitor SBD association rules (Schedule 9) across all related entities to preserve the $500,000 small business deduction limit.

When CRA Hamilton TSO contacts your Oakville corporation, we handle everything.

• Respond directly to CRA Hamilton TSO on your behalf for pharma HST reviews, transfer pricing inquiries and management fee audits.
• Prepare organized documentation packages for pharmaceutical HST classification reviews, transfer pricing requests and Clean Tech ITC audits.
• Represent your Oakville corporation through CRA reviews of pharma HST, holdco management fees and EV supply chain CCA classifications.
• File Notices of Objection when CRA assessments are incorrect, particularly on pharma HST reclassification and transfer pricing adjustments.
• CRA audit representation is included FREE for all T2 corporate tax filing clients. We handle CRA Hamilton TSO directly.

Oakville's high-net-worth business owners need structured holdco and multi-entity tax planning.

• Establish holdco structures at incorporation for professional corporations, operating companies and real estate holding entities.
• Manage inter-corporate dividends at 0% effective rate through proper connected corporation documentation.
• Document management fee arrangements between operating and holding corporations with written agreements and FMV support.
• Monitor SBD association rules across all related entities using Schedule 9 to preserve the $500,000 small business deduction.
• Structure LCGE multiplication through non-voting shares for spouse and adult children to maximise the lifetime capital gains exemption on future practice or business sales.