Corporate Tax Return Services...
We provide corporate tax services to a variety of small businesses and professional corporations
Corporate Tax Accountant
Jibe Accounting is a full service tax accounting firm that can provide a variety of tax services including corporate tax services. Jibe Accounting can act as your corporate tax accountant in Calgary and provide corporate tax services in Calgary and surrounding area. We also work with many of our clients through remote capabilities.
According to Canada Revenue Agency, all resident corporations have to file a T2 corporate income tax return each tax year even if there is no tax payable.
As your corporate tax accountant in Calgary, Jibe Accounting will ensure that you file your return no later than six months after the end of each tax year. The tax year of a corporation is its fiscal period. When the corporation’s tax year ends on the last day of the month, returns should be filed by the last day of the sixth month after the end of the tax year. When the last day of the tax year is not the last day of the month, file the return by the same day of the sixth month after the end of the tax year. Please keep in mind that even though the filing date of the return is six month after the end of the tax year, if any amount of money is owed in the form of corporate income tax then tax payments must be made no later than three months (90 days) after the end of the tax year. For example, if your fiscal year end is December 31, XXXX. The corporate return would have to be filed by June 30, XXX but any taxes owed must be paid by March 31, XXXX. Any payments that are received late will be subject to interest and penalties by the CRA.
Our team focuses on the fundamentals of corporate tax services. We act as the corporate conscience during tax time, managing financial priorities. Our strategic portfolio management enables us to take advantage of lucrative taxation opportunities. Our accountants tirelessly work to minimize your corporate tax burdens so that you can retain more of your hard earned money. Experience has proven that good tax planning needs to be considered with a long-term perspective. Short-term schemes may appear enticing, but they seldom result in sustaining financial viability.
The well-trained tax accountants at Jibe Accounting pride themselves on being there for their clients every step of the way. We look forward to keeping in touch with you throughout the year to understand exactly how we can leverage our expertise to benefit your business. We make sure that we are at the table at the initial stages of tax planning and we remain closely involved through regular follow-ups and discussions.
Jibe Accounting also provides corporate tax services in Calgary to many of our business clients. One of our main services include translating accounting financial statements to what is known as tax financial statements or General Index of Financial Information (GIFI) financial statements. GIFI financial statements are used to file the T2 return and reconciles income for accounting purposes to income for tax purposes. All corporate tax returns in Calgary should prepare their financial statement information using GIFI codes and file it with their T2 returns. Once you have your corporate tax return Calgary ready for filing, there are 7 tax offices across the country that they can be sent to. The office that the corporate tax returns should be sent to is dependent on the province in which you primarily operate within. Please contact Jibe Accounting as your corporate tax accountant in Calgary to find out the proper Tax Office to submit your corporate income tax return to.
Other corporate tax services in Calgary that Jibe Accounting provides includes filing nil returns for dormant or inactive corporations, innovative tax planning to ensure that your corporation falls within the Small Business Deduction Limit and your losses are being properly carried forward or carried back so that you are paying the least amount of corporate income tax.
Let Jibe Accounting get rid of the headache of filing your corporate income tax return by either letting us act as your corporate tax accountant in Calgary or by allowing us to provide corporate tax services in Calgary. Our team of educated and experienced professionals will ensure you file a corporate income tax return that triggers the least amount of corporate tax payable. Please contact to book an appointment today.
We know that filing corporate taxes can be complicated and cumbersome. Feel confident relying on the expertise of seasoned accounting professionals who are passionate about your business. Contact us today to find out how we can plan, implement, and monitor a customized corporate tax strategy that works for you.