Tax Filings Canada provides full-service accounting for private equity & investment funds: monthly bookkeeping and reconciliations, T2 corporate and T1 personal tax filing, GST/HST returns, payroll and CRA correspondence — all at budget-friendly fixed fees agreed up front.
Every engagement is handled by accountants who work with private equity & investment funds year-round, so sector-specific deductions and compliance obligations are built into the file rather than bolted on at year-end. You review and approve everything before paying.
Need Specialized Help?
Get a free 15-minute consulting session with a professional tax accountant specializing in the Private Equity & Investment Funds sector.
Book Free ConsultationService Standards
Yes — private equity & investment funds can run their entire tax and accounting function through Tax Filings Canada online: bookkeeping, T2 and T1 filing, GST/HST and payroll at budget-friendly fixed fees, pay-after-service.
Share your records in one go or in pieces as you find them.
Our preparers work through your private equity & investment funds file and note anything worth discussing.
You approve the final version only after your questions are answered.
We submit on your behalf and keep the paper trail organized for you.
| Factor | Tax Filings Canada | Typical Firm |
|---|---|---|
| Pricing model | Fixed, flat fee | Hourly / unpredictable |
| Payment | Pay after service | Upfront retainer |
| Price match | Yes, on written quotes | Rarely |
| CRA audit support | Included | Billed extra |
| Typical turnaround | 3-5 business days | 2-4 weeks |
For private equity & investment funds, the difference between an adequate and a strong filing is sector knowledge. Most financial services are GST/HST-exempt, which blocks input tax credits on overhead and makes cost recovery a planning exercise of its own. Everything is handled at a budget-friendly fixed price — the economical alternative to hourly billing.
A private equity & investment funds business rarely gets into tax trouble through a dramatic mistake. It drifts there through small classification calls made without sector context — the kind of calls a tax preparation specialist makes differently after years of sector work.
Before anything else, one rule sets the frame. Compilation engagements follow CSRS 4200, which requires a basis-of-accounting note describing exactly how the statements were prepared. Lenders read that note, and an omitted one is the fastest way to have a financing package sent back.
There is a second layer to this. The CRA expects the trial balance behind a T2 to reconcile to the GIFI schedules filed with it. A statement set that does not tie to the return is the first thing a reviewer notices.
If any of this maps onto your situation, the next step is deliberately low-stakes: we quote a fixed fee up front, prepare the work, and you review everything before you pay. Sector files are what we do all week — bring us yours.
Accounting for Private Equity & Investment Funds is a specialist job because the CRA treats this part of the financial services & insurance sector differently. These are the rules that actually change the number at the bottom of the return.
Most financial services are GST/HST-exempt, so input tax credits on rent, technology and marketing are largely unavailable and pricing must absorb the tax.
Commission income reported on T4A slips is matched automatically against declared revenue, and a mismatch generates an assessment before any human reviews it.
Advisor practices buying a client list amortise it at 5% a year rather than deducting it, which materially changes the after-tax cost of the acquisition.
Licensing, errors-and-omissions coverage and regulatory filing costs are deductible; the cost of acquiring a book of business is capital recovered through Class 14.1.
Insurance intermediaries may face provincial premium tax obligations that sit entirely outside the income tax system and are easy to miss when expanding provinces.
Segregated fund and trust reporting deadlines fall well before the personal filing deadline, so client-facing advisors need their own calendar.
Corporately owned life insurance interacts with the capital dividend account, and a properly structured policy can move value out of a corporation tax-free at death.
The lifetime capital gains exemption can apply to the sale of shares of an advisory corporation where the qualified small business corporation tests are met. Planning must start years ahead.
None of this is charged as extra advice. It is simply what a properly prepared file for Private Equity & Investment Funds includes, at the fixed fee agreed up front.
Specialized Financial Services & Insurance sector compliance, bookkeeping, and tax planning for Private Equity & Investment Funds.
Providing tailored Private Equity & Investment Funds tax filing and planning to reduce liabilities, maximize refunds, and ensure CRA compliance.
100% risk-free Private Equity & Investment Funds tax filing with clear pricing, no hidden fees, plus support for personal taxes, small business accounting, and bookkeeping.
From bookkeeping to corporate audits, protect your Private Equity & Investment Funds business with CRA compliance and expert cross border tax strategies.
We use advanced accounting software for seamless Private Equity & Investment Funds bookkeeping, payroll, and small business tax filing.
Risk-Free, Hassle-Free, and Client-First!
Schedule a Free ConsultationTax Filings Canada has been recognized by national and international news platforms for our trusted, fixed-fee tax filing and virtual bookkeeping services. Read what the major publications have to say about our innovative financial solutions.
"Tax Filings Canada makes professional accounting accessible for small businesses with fixed-fee models."
"A trusted financial partner helping startups navigate complex CRA tax compliance and T2 corporate filings."
We provide a comprehensive accounting ecosystem so you can focus on operational execution.
Tailored compliance, tracking, and tax solutions for Private Equity & Investment Funds businesses.
Tailored compliance, tracking, and tax solutions for Private Equity & Investment Funds businesses.
Tailored compliance, tracking, and tax solutions for Private Equity & Investment Funds businesses.
Tailored compliance, tracking, and tax solutions for Private Equity & Investment Funds businesses.
Tailored compliance, tracking, and tax solutions for Private Equity & Investment Funds businesses.
Tailored compliance, tracking, and tax solutions for Private Equity & Investment Funds businesses.
Transparent, fixed-fee Private Equity & Investment Funds pricing with zero hidden fees. Pay only after your Private Equity & Investment Funds work is completed and filed.
T2 corporate tax filing, balance sheets, income statements compilation, corporate tax optimization, and direct CRA representation.
T5013 partnership information returns, K-1 partner schedule allocations, structural planning, and tax minimization advisory.
T3010 registered charity returns, T1044 NPO return filing, financial summaries compilation, and compliance audits support.
T3 trust tax return filing, testamentary trust setups, estate distribution allocations, and strategic inheritance planning.
Bank & credit card reconciliations, monthly balance sheet and P&L preparation, payroll ledger syncing, and QuickBooks/Xero ledger support.
Compilation engagement report, corporate financial statement compilation, trial balance adjustments, and full T2 return integration.
T1 tax returns compilation for students, salaried employees, and self-employed. Covers T4/T5 matching, RRSP credits, and medical deductions.
Sales tax ledger reconciliation, Input Tax Credits (ITCs) verification, Netfile electronic submission to CRA, and provincial compliance checks.
See how our expert Private Equity & Investment Funds tax and accounting services have helped Canadian businesses save money and stay compliant.
An insurance brokerage in Guelph, Ontario was carrying $103,000 of penalties and interest. The charges arose from a chart of accounts that told the owner nothing about private equity & investment funds margin. A relief application cancelled that amount.
An assessment of $103,000 landed at an insurance brokerage in Guelph, Ontario following a desk review. It turned on a chart of accounts that told the owner nothing about private equity & investment funds margin. The auditor had not seen the records behind it. We documented the positions to the standard the CRA applies to this sector specifically. We then set out the legislative basis for the position alongside the documents supporting it. $103,000 of penalties and interest was cancelled under the taxpayer relief provisions, and the underlying assessment was adjusted to match the filed position.
Due diligence at a leasing company in Saskatoon, Saskatchewan surfaced retained cash well above what the business needed to operate. Restructuring the sale saved $220,000 against the original terms.
A leasing company in Saskatoon, Saskatchewan was preparing to sell. Due diligence surfaced retained cash well above what the business needed to operate. That would have reduced the price or killed the deal outright. We cleaned up the historical file. We aligned the reporting calendar with the sector’s own seasonal cycle rather than a generic year-end. Then we prepared the due-diligence package the buyer's advisers actually asked for. The deal closed at the agreed price. $220,000 of tax was saved against the structure originally proposed, with no post-closing adjustment.
Growth at a mortgage brokerage in Lethbridge, Alberta had outrun the back office. Industry-specific reporting obligations nobody had flagged broke first. Headcount reached 67 with $120,000 of cash freed.
A mortgage brokerage in Lethbridge, Alberta was growing fast, with headcount reaching 67 in eighteen months. The back office had not kept up. Industry-specific reporting obligations nobody had flagged was the first thing to break. We reassigned the asset classes on the CCA schedule and corrected the opening balances. We built the compliance calendar for the size the business was becoming rather than the size it had been. The business reached 67 staff with no missed remittance and no late filing. $120,000 of working capital was freed in the process.
Closing the books at a private lending business in London, Ontario took 12 weeks. The cause was sector deductions claimed on a general-business basis rather than the private equity & investment funds rules. It now takes 9 days.
The accounting file at a private lending business in London, Ontario had a weak foundation. It was built on sector deductions claimed on a general-business basis rather than the private equity & investment funds rules. The year-end had taken 12 weeks each of the last three years. We rebuilt the chart of accounts around how a private equity & investment funds business actually earns and spends. We also moved the reconciliations into the monthly cycle, so the year-end stopped being a rebuild. The file reconciles. Month-end closes in 9 days instead of 12 weeks, and the year-end is a review rather than a reconstruction.
A financial planning practice in Toronto, Ontario had outgrown its structure. The visible cost was seasonal revenue reported without matching the costs that produced it. The reorganisation completed tax-deferred and saves $67,000 a year.
A financial planning practice in Toronto, Ontario had outgrown the structure it started with. Seasonal revenue reported without matching the costs that produced it was the immediate problem. The longer-term one was that the structure blocked the next step. We mapped the current structure and modelled the target. Then we reviewed every sector-specific deduction against the current rules and claimed the ones that had been missed. The tax-deferred elections were filed on time and the supporting valuations documented. The reorganisation completed without triggering tax, and the new structure saves approximately $67,000 a year while removing the exposure the old one carried.
An incentive review at a benefits consultancy in Burnaby, British Columbia recovered $34,500 across 6 open years. It found sector incentives that had never been tested against private equity & investment funds activity.
An incentive review at a benefits consultancy in Burnaby, British Columbia started from a simple question: what has never been claimed? The answer ran to 6 years. It was driven by sector incentives that had never been tested against private equity & investment funds activity. We documented the positions to the standard the CRA applies to this sector specifically. We documented eligibility to the standard a reviewer would apply rather than the standard a claim form requires. The credits produced $34,500 across the open years. The tracking now in place means the following year's claim is documented as the work happens rather than reconstructed afterwards.
Meet the specialists behind your Private Equity & Investment Funds filings. Our Partners Are Alumni of the World's Top Accounting and Tax Institutions
CA (ICAI), CA (MIA), CPA Canada (In-Depth Tax Program)
Canada Tax, International Tax, Cross Border Tax, Transfer Pricing
International Tax, Transfer Pricing Specialist
CA (ICAI), Canada Tax Expert
CA. Fractional CFO and Senior Advisory Specialist
Explore our accounting and corporate tax services tailored for Canada's major business sectors.
Specialized compliance accounting and tax optimization designed for medical clinics, general practitioners, dentists, and pharmacists in Canada.
Strategic tax planning and custom accounting systems built for real estate agents (PRECs), property managers, developers, and property investors.
Progress billing systems, subcontractor compliance, and job costing models to keep builders, general contractors, and trades compliant and profitable.
Multi-channel sales tax tracking, inventory accounting integration, and financial analytics for Shopify, Amazon FBA, and WooCommerce businesses.
Accurate corporate tax filing, monthly bookkeeping, and payroll management for consulting firms, tech startups, legal practices, and creative agencies.
POS integrations, tip tracking, food cost of goods sold (COGS) analytics, and weekly payroll processing built for Canada's food and beverage sector.
Cost accounting, raw materials inventory valuation, supply chain overhead tracking, and driver payroll setups for manufacturers and distributors.
CRA T3010 charity returns, T1044 NPO filing, grant-tracking accounting, and transparent donor financial reporting to maintain status.
High-growth financial management, SR&ED tax credits tracking, Virtual CFO advisory, and venture capital compliance for tech companies across Canada.
Find your nearest private equity & investment funds tax professional and accounting office. Select a province, then choose your city for local private equity & investment funds corporate tax filing and accounting.
Explore our other targeted tax compliance and bookkeeping service niches in this sector.
Direct answers to what Canadian business owners actually ask before hiring an accountant.
The CRA looks at control, ownership of tools, chance of profit and risk of loss rather than what the contract is titled. Where a worker is reclassified as an employee, the unremitted CPP, EI and withholding land on the payer, together with penalties and interest.
Individuals pay quarterly instalments once net tax owing passes $3,000 in the current year and either of the two preceding years. Corporations generally pay monthly, with many small CCPCs eligible for quarterly instalments instead. Basing them on a current-year estimate avoids overpaying after a strong year.
The recurring ones are capital cost allowance on equipment placed in service late in the year, the business-use portion of vehicle and home-office costs, and professional development. Each is defensible when documented at the time and difficult to defend when reconstructed later.
Corporate tax filing starts at $90 and bookkeeping at $10 per month, quoted as a fixed fee before work begins. Sector complexity does not trigger a surcharge. Review the full price list.
Registration is mandatory once taxable revenue exceeds $30,000 over four consecutive quarters. Registering voluntarily below that threshold is often worthwhile, because it lets you recover input tax credits on startup and equipment purchases.
Incorporation usually pays off once profit consistently exceeds what you draw personally, because retained earnings are taxed at the small business rate rather than your marginal rate. Below that point the added compliance cost often outweighs the benefit. We model both before you decide.
The CRA requires six years of books and records from the end of the tax year they relate to: invoices, receipts, bank statements, payroll records and contracts. Digital copies are acceptable provided they are legible and complete.
We run the cycle, remit source deductions on schedule, and issue T4s ahead of the February deadline. Late remittances draw a penalty of up to 10% and repeat lateness raises it to 20%, so timing is the whole game. See our payroll service.
Our Pay After Service model means you review and approve all deliverables before making any payment. We prepare your returns or financial files, you review them, and only then do you pay. This ensures 100% satisfaction.
If you find a lower verified quote from another accounting firm in Canada for the same scope of services, we will match it immediately. Simply provide a verified quote.
We support completely secure digital uploads via our client portal, or you can email them to us. We support files from QuickBooks, Xero, Excel, and scan/photo documents.
Related-party transactions have to be recorded at fair market value. A below-market charge between connected companies invites an adjustment on both sides of the transaction. We flag this early with every client it touches, because finding it out at filing time leaves you far fewer options than finding it out now.
The honest starting point is this: Capital cost allowance is permissive, not mandatory. A corporation can claim less than the maximum in a low-income year. It can leave the undepreciated capital cost in the pool for a year when the deduction is worth more, provided the schedule carries that decision forward consistently. Everything else we would tell you is tailoring, and tailoring requires seeing your file.
The questions Canadians actually search on this topic, answered plainly. Browse every question in the Canadian tax answers directory.
Yes. Rent you receive is taxable income. You report the gross rents, subtract deductible expenses such as mortgage interest, property tax, insurance, utilities you pay, repairs, condominium fees and advertising, and the net rental profit is added to your other income and taxed at your marginal rate. There is no separate rental tax rate. A rental loss can generally offset other income where the property is genuinely rented at fair market value.
Service Canada issues the T4E, not your employer. The quickest route is My Service Canada Account, where the slip sits under tax information and can be printed. A paper copy also goes to the address on file, and the slip is loaded into CRA My Account, so tax software using Auto-fill my return can pull it in directly. If nothing appears, call Service Canada, and report the benefits on your return even while waiting for the slip.
Contact your municipality’s tax or revenue office and ask for a reissued bill; most cities also let you view and pay it in an online property tax account set up with your roll number. Not receiving the bill does not cancel the obligation or stop late-payment charges, so ask for the amount and due dates straight away. Update your mailing address, and check whether your lender already pays the tax through your mortgage.
Property tax is an annual charge a municipality levies on real estate to fund local services such as roads, water, policing, fire and schools. A provincial assessment authority values the property, council sets a tax rate in its budget, and the bill is the assessed value multiplied by the rate for your property class. Unpaid amounts stay attached to the property itself. It is separate from income tax, so the city bills it, not the CRA.
A ratepayer is someone who pays municipal rates, meaning property taxes and local utility charges, on property they own or occupy. The municipality sets a rate against assessed value, bills the ratepayer, and funds local services from what it collects; ratepayer associations speak for owners in an area. Property tax is municipal and quite separate from income tax, though on a rental or business property it is generally deductible against that income.
Selling a home is not automatically taxable, but every sale must be reported on your return. If it was your principal residence for all the years you owned it, the gain is usually fully exempt; otherwise the taxable portion is a capital gain, included at one-half (50%) for 2025 and 2026. What you do with the proceeds does not change the tax on the sale itself, though moving cash into a TFSA, RRSP or FHSA shelters future growth within your available room.
Reviewed and fact-checked by Udit Gupta
Ex Big 4 — Ernst & Young, Deloitte · International & cross-border tax specialist · CPA Canada (In-Depth Tax Program) · Chartered accountant, ICAI & MIA
Udit Gupta has over 15 years of experience helping corporations and business owners with corporate structuring, corporate tax filing, bookkeeping, payroll, GST/HST, cross-border tax and CRA representation. He is Big 4 trained, at Ernst & Young and Deloitte, and qualified as a chartered accountant in India and again in Malaysia. In 2014 he founded his accounting practice to serve entrepreneurs, startups and non-resident business owners across Canada. View full member bio.
The Institute of Chartered Accountants of India — member 521458 · Malaysian Institute of Accountants — member CA 44667 · Ex Big 4: Ernst & Young, Deloitte · CPA Canada (In-Depth Tax Program), completed 19 Dec 2023 · In-Depth GST/HST Part I, 12 Jul 2022 · Part II, 5 Jul 2023
Editorial policy. Every page is researched against primary sources — the Income Tax Act, CRA publications and CPA Canada guidance — and every rate or threshold is stated with the tax year it applies to.
Sources. CRA — Businesses · Income Tax Act (Justice Laws Website)
One fee, agreed up front
Send a few details and a professional tax accountant quotes one fixed fee for the whole job — no hourly billing, nothing added later.
24/7 Helpline: +1 (416) 619-0068
Secure Fixed Quote
Fill details below to lock in pricing and get started today.
