Corporate Tax Return Preparation
Downtown Toronto Tax Return Preparation Locations:
Downtown Toronto Central Location (Yonge & Richmond)
151 Yonge St
11th Floor
Toronto ON M5C 2W7
Downtown Toronto North Location (Yonge & Bloor)
2 Bloor St W
Suite 700
Toronto ON M4W 3E2
Downtown Toronto East Location (Queen and Church)
111 Queen Street East
South Building
Suite 450
Toronto ON M5C 1S1
Downtown Toronto West Location (University and Dundas)
439 University Ave
5th Floor
Toronto ON M5G 1Y8
Downtown Toronto South Location (Bay St and Queens Quay)
88 Queens Quay West
RBC Water Park Place
Suite 2500
Toronto ON M5J 0B8
Downtown Toronto Return Preparation (King St and Spadina Ave)
500 King St W
Suite 300
Toronto ON M5V 1L9
Downtown Toronto Tax Return Preparation (Yonge and Dundas) – Eaton Centre
1 Dundas St W
Suite 2500
Toronto ON M5G 1Z3
Downtown Toronto Tax Return Preparation (Yonge and St Clair)
2 St. Clair Ave West
18th Floor
Toronto ON M4V 1L5
Downtown Toronto Tax Return Preparation (Yonge and Davisville)
1920 Yonge Street
Suite 200
Toronto ON M4S 3E2
Downtown Toronto Corporate Tax Return Preparation
Since each corporate situation is unique, there is no accurate way of estimating charges for corporate services. All of our corporate services are billed on the basis of time at our standard charge rates per hour $400 CDN. For a typical owner managed Canadian corporation engaged in personal services in the United States, assuming that the corporation provides us with bookkeeping data input in a general ledger software program, our typical fees are:
Canadian Corporate Tax Services – Downtown Toronto Corporate Tax Return Preparation
• Preparation of financial statements
• Filing of corporate federal T2 Tax return and attachments
• Filing of a provincial tax return and attachments
• Income tax planning for optimal distribution of income.
• Preparation of associated T4 /T4A filing
• Coordination with U.S. filings
• Coordination with individual filings
Average fees: $2400 to $8000 CDN per year
United States Corporate Tax Services – Downtown Toronto Corporate Tax Return Preparation
US Corporate Tax Return Preparation
• Preparation of federal 1120 tax return
• Preparation of state corporate tax return
• Preparation of income distribution filings
• Elections and treaty considerations and filings
Average fees: $2500 to $8000 US per year
We also identify opportunities that will help minimize long term tax burdens, review the effectiveness of business structures, and advise on tax implications of proposed transactions.
Downtown Toronto Corporate Tax Return Preparation can assist with:
- Canadian Personal and corporate tax returns
- Cross Border Taxation and Business Planning
- U.S. Personal and Corporate Taxation
- Disclosure of Foreign Assets and other information filings
Canadian Tax Filing Requirements:
- T2 Corporation Income Tax Return
- T1134 Information Return Relating to Controlled Foreign Affiliates
- T106 Information Return of Non-Arm’s Length Transactions with Non-Residents
U.S. Filing Requirements:
- Form 1120 U.S. Corporation Income Tax Return
- Form 1120-F U.S. Income Tax Return of a Foreign Corporation
- Form 5472 Information Return of a 25% Foreign-owned U.S. Corporation or a Foreign Corporation
- Engaged in a U.S. Trade or Business
- Form 5471 Information Return of U.S. Persons With Respect To Certain Foreign Corporations
- FinCEN Form 114 Report of Foreign Bank and Financial Accounts (FBAR)
How does our corporate tax return preparation service work?
- Call and speak with an advisor if, our service is right for you.
- Our office will send you a client questionnaire and a new client form to be filled out.
- Gather and organize what documents you need for us to complete your return.
- Options to drop off documents.
- Due to Covid-19, all documents will be sent via email or postal mail.
- An estimate of fees will be provided for your approval, no work will begin before client approval, drop off with an advisor is the only option, where you will be provided with a quotation
- Due to increased volumes during tax season, your return may take longer than usual to complete.
- When your return is ready, our office will contact you to book an appointment for pickup.
Please contact us for a specific quotation on all services involving corporations in Canada and the United States at info@downtowntorontotaxreturnpreparation.com or call 647-951-4852 Ext.2 locally or 1-800-717-4162 Ext.2 in Canada or the United States.
For Corporate Tax Advice and Planning or Part-time CFO Services, please visit our related firm Toronto Tax Consulting.