Corporate Tax Filing in Markham

Complete T2 preparation with every schedule your Markham corporation needs, including SR&ED assessment and foreign affiliate forms.

• 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.

Markham's 1,500+ technology companies generate one of the highest SR&ED claim volumes in Ontario.

• Assess SR&ED eligibility for SaaS, AI, semiconductor, cybersecurity, fintech and IoT companies along the Highway 7 and Highway 404 corridors.
• Prepare T661 technical narratives demonstrating technological uncertainty and systematic investigation, not routine feature development or bug fixes.
• Calculate eligible expenditures including ML engineer salaries, GPU cloud computing for model training, algorithm design and dataset annotation development.
• File SR&ED claims with the T2 to claim the 35% refundable investment tax credit for qualifying Markham CCPCs.
• Respond to CRA SR&ED reviewer inquiries with technical documentation supporting the systematic investigation claim.

Markham's import/export corridor generates significant HST ITC recovery opportunities that most businesses miss.

• Separate CBSA-collected import HST (fully recoverable as ITC) from customs duties (not recoverable, added to inventory cost) in bookkeeping.
• Prepare zero-rated export documentation for goods shipped outside Canada, ensuring correct HST treatment on international sales.
• Account for foreign currency transactions correctly, including exchange gains and losses on supplier payments and customer receipts.
• File amended GST/HST returns to recover import HST incorrectly recorded as cost of goods expense in prior periods.
• Manage RM account compliance and customs duty classification for Markham's electronics, fashion, food and auto parts trade businesses.

Markham Stouffville Hospital 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 compliance.
• Establish holdco structures for surplus cash extraction, creditor protection and LCGE multiplication for future practice sales.
• Document management fee arrangements with written agreements, FMV support and evidence of services rendered.
• Structure salary vs. dividend compensation to minimize combined corporate and personal tax for Markham healthcare professionals.
• Monitor SBD association rules (Schedule 9) across professional corp, holdco and any additional related entities.

When CRA North York TSO contacts your Markham corporation, we handle everything.

• Respond directly to CRA North York TSO on your behalf for SR&ED technical reviews, transfer pricing inquiries and import HST audits.
• Prepare organized documentation packages for SR&ED eligibility reviews, foreign affiliate reporting inquiries and management fee audits.
• Represent your Markham corporation through SR&ED audits, transfer pricing reviews, T1135 compliance inquiries and holdco management fee challenges.
• File Notices of Objection when CRA denies SR&ED claims, reverses import HST ITCs or challenges management fee deductions.
• CRA audit representation is included FREE for all T2 corporate tax filing clients. No additional fee.

Markham's internationally connected businesses need proper foreign affiliate reporting and transfer pricing documentation.

• File T1134 (foreign affiliate reporting) for Markham corporations with foreign affiliates in China, India, South Korea, Hong Kong and other jurisdictions.
• File T1135 (foreign property disclosure) when specified foreign property exceeds $100,000, including foreign bank accounts, real estate and supplier deposits.
• Prepare contemporaneous transfer pricing documentation under Section 247 for management fees, royalties and cost-sharing allocations to non-resident parent companies.
• Claim foreign tax credits under applicable tax treaties to prevent double taxation on income earned in foreign jurisdictions.
• Non-filing penalties for T1134 and T1135 start at $2,500 per form per year and can reach $25,000 for repeated non-compliance.