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At Tax Filings Canada, we handle every part of your capital cost allowance planning, from the filing itself to the planning around it. Our accountants work with corporations and business owners every week, so you can focus on running and growing your business.
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Tax Filings Canada provides low-cost, fixed-fee capital cost allowance planning across Canada: SR&ED claims, clean-economy credits and specialty elections, built for innovators and businesses with complex transactions, with payment only after your work is complete.
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We prepare your capital cost allowance planning and every supporting schedule.
You review each figure and approve before anything is filed.
We file with the CRA, and you pay only after it is complete.
| 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 |
The T661 must reach the CRA within 18 months of year-end — a missed SR&ED deadline cannot be fixed afterwards. Our capital cost allowance planning engagement is priced as a low-cost flat fee, so the cost is known before the work starts.
Clients often arrive treating capital cost allowance planning as a form-filling exercise. In practice, an accounting firm spends more time on judgment calls than on data entry — and those calls are what these notes cover.
Start with the rule that decides most files: Provincial digital media, innovation and investment credits stack on top of the federal SR&ED claim. They are frequently missed because they sit outside the T2 schedules.
The next point is the one an accounting firm checks before quoting any timeline: Government assistance, including provincial credits and grants for the same work, reduces the pool of qualified SR&ED expenditures. A grant received for a project lowers the federal claim rather than sitting alongside it untouched. One more rule deserves attention, mostly because ignoring it is expensive in ways that only show up later. The claim has to identify each project on the prescribed form by the reporting deadline. An amended claim that adds a project the original did not mention is not accepted, even where the original claim itself was filed on time.
The common thread in these rules is that they punish assumptions and reward verification. Engaging an accounting firm for capital cost allowance planning is, at bottom, a way of replacing assumptions with checked answers. Gathering the following ahead of time turns the first capital cost allowance planning conversation from fact-finding into decision-making.
We keep the commercial side simple. The fee is fixed and agreed in advance, the file is reviewed with you before filing, and you pay after the service — in that order, every time.
Providing transparent fixed pricing and high-quality compliance work for your capital cost allowance planning requirements.
Coverage: Standard bookkeeping and capital cost allowance planning preparation.
Ideal for early-stage startups and sole proprietors.
Book NowCoverage: Full-service bookkeeping, filings, and CRA compliance support.
Perfect for established small businesses.
Book NowCoverage: Strategic advisory and fractional CFO integration.
Ideal for companies seeking high-growth financial structuring.
Book NowWhy you should partner with Tax Filings Canada Experts for all your capital cost allowance planning needs?
Providing tailored capital cost allowance planning services to ensure compliance and maximize deductions.
Our tax accountants keep your business compliant with federal and provincial tax rules.
A dedicated team that handles your financials quickly, accurately, and without upfront fees.
Dedicated preparation processes customized for Canadian businesses.
Advanced accounting software integrations with QuickBooks, Xero, and wave accounting.
Customized packages designed to grow as your business operations expand.
Our clear four-step workflow ensuring absolute tax optimization and complete CRA compliance.
Start with a free, no-obligation consultation to review your business’s financial, tax filing and compliance needs and outline our affordable solutions.
Receive a comprehensive checklist and securely provide the required financial records and documents.
Our tax accountant and accounting experts carefully prepare your filings, identify all applicable deductions and credits, and conduct thorough reviews.
We file your documents electronically with the Canada Revenue Agency (CRA) on time and provide post-filing support.
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See how our expert Capital Cost Allowance Planning tax and accounting services have helped Canadian businesses save money and stay compliant.
A family transfer at an agri-tech company in Calgary, Alberta would have been fully taxable. The reason was retained cash well above what the business needed to operate. Restructuring deferred $770,000.
A generational transfer at an agri-tech company in Calgary, Alberta had been discussed for years without a plan. Retained cash well above what the business needed to operate meant the transfer as contemplated would have been fully taxable. We separated eligible experimental development time from routine production work in the time records. That made the claimed portion traceable to a person and a date. We sequenced the steps so each one was complete and documented before the next depended on it. $770,000 of tax was deferred through the transfer, and the successor generation took over a corporation whose records stood up to review.
An incentive review at a claimant whose project records were written after the work in Toronto, Ontario recovered $36,500 across 7 open years. It found an amended claim adding two projects after the reporting deadline had already passed.
An incentive review at a claimant whose project records were written after the work in Toronto, Ontario started from a simple question: what has never been claimed? The answer ran to 7 years. It was driven by an amended claim adding two projects after the reporting deadline had already passed. We identified the eligible projects, documented the technological uncertainty and systematic investigation for each, and filed a claim that survived review without adjustment. We documented eligibility to the standard a reviewer would apply rather than the standard a claim form requires. The credits produced $36,500 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.
An engineering firm solving a technical uncertainty in Lethbridge, Alberta faced a $143,000 proposed reassessment. It came after a provincial credit left unclaimed alongside a successful federal SR&ED claim. We rebuilt the documentation and the adjustment was withdrawn in full.
An engineering firm solving a technical uncertainty in Lethbridge, Alberta received a proposal letter opening a review of capital cost allowance planning. The CRA had identified a provincial credit left unclaimed alongside a successful federal SR&ED claim. It proposed an adjustment of $143,000, with 30 days to respond. We treated the response as an evidence exercise rather than an argument. We put contemporaneous tracking in place — project logs tied to time records — so the following year’s claim was defensible by construction. We then indexed every supporting document against the specific line the auditor had questioned. The proposed adjustment was withdrawn in full — all $143,000 of it. The file closed in 8 weeks with no change to the assessed amounts and no penalty.
Growth at a materials science company in Guelph, Ontario had outrun the back office. A SR&ED claim prepared eleven months after the fact with no contemporaneous records broke first. Headcount reached 82 with $155,000 of cash freed.
A materials science company in Guelph, Ontario was growing fast, with headcount reaching 82 in eighteen months. The back office had not kept up. A SR&ED claim prepared eleven months after the fact with no contemporaneous records was the first thing to break. We confirmed CCPC status and refiled at the enhanced 35% refundable rate. We built the compliance calendar for the size the business was becoming rather than the size it had been. The business reached 82 staff with no missed remittance and no late filing. $155,000 of working capital was freed in the process.
A remuneration review at a corporation stacking a provincial credit on a federal claim in Kelowna, British Columbia saved $47,000 across the corporate and personal returns. It found eligible development work never claimed because nobody thought it counted as research.
Nothing was wrong at a corporation stacking a provincial credit on a federal claim in Kelowna, British Columbia. The filings were on time and accurate. What they were not was planned. Eligible development work never claimed because nobody thought it counted as research had never been reviewed. We layered the applicable provincial credit onto the federal claim in the same filing. We ran the numbers across both the corporate and personal returns, so the saving was real rather than deferred into someone else's hands. $47,000 came off the combined corporate and personal tax bill, and the structure holds for future years without further work.
Remittances at a clean-technology startup in Barrie, Ontario were chronically late. It came down to an amended claim adding two projects after the reporting deadline had already passed. Fixing the schedule refunded $155,000.
Remittances at a clean-technology startup in Barrie, Ontario were consistently late by a few days. That was enough to trigger penalties every quarter. Behind it sat an amended claim adding two projects after the reporting deadline had already passed. We netted the government assistance against the qualified expenditure pool, so the claim matched what would survive a review. Then we moved the remittance dates into a scheduled process rather than a monthly decision. Penalties stopped from the following remittance onwards, and $155,000 of overpaid instalments was refunded.
Meet the specialists behind your Capital Cost Allowance Planning filings. Our Partners Are Alumni of the World's Top Accounting and Tax Institutions
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Same fixed fees in every province. Find your city or your sector.
Direct answers to what Canadian business owners actually ask before hiring an accountant.
Capital Cost Allowance Planning starts at a fixed fee quoted before any work begins. The quote is locked at the outset and does not change mid-engagement, and you pay only after you have reviewed and approved the deliverable. Compare every plan on our transparent pricing page.
At minimum: prior-year returns and notices of assessment, your bank and credit-card statements for the fiscal period, payroll records if you have employees, and GST/HST filings. We send a checklist tailored to your situation after the free 15-minute call.
Most engagements are completed within 3 to 5 business days once your documents are complete. Catch-up work covering multiple years takes longer, and we tell you the realistic timeline before you commit rather than after.
We respond on your behalf at no extra charge for any return we prepared. Every figure we file is supported by documentation retained in your file, which is what turns a CRA review from a crisis into correspondence. See how our CRA audit representation works.
Yes. Late filing penalties compound at 5% of the balance owing plus 1% per month, so the cost of waiting is real. We prioritise catch-up work and, where eligible, file under the CRA's Voluntary Disclosures Program to reduce penalties.
Yes. We serve clients in every province and territory at the same fixed fees, so your location does not change the price or the service. Browse our coverage across Canada to find your city.
We work across construction, healthcare, e-commerce, professional services, restaurants, real estate, transportation, technology and non-profits, each with its own deduction profile and CRA scrutiny patterns. See all industries we serve.
Software applies the rules you already know about. An experienced tax accountant finds the ones you do not: capital cost allowance timing, the small business deduction threshold, shareholder loan repayment rules, and TOSI exposure on family dividends. The fee is usually smaller than the deductions it surfaces.
Our capital cost allowance planning services include complete filing, compliance management, and strategic advice customized to Canadian tax laws.
You can start by booking a free 15-minute call. We will review your files, provide a fixed quote, and start working immediately.
The honest answer comes down to one rule. The claim has to identify each project on the prescribed form by the reporting deadline. An amended claim that adds a project the original did not mention is not accepted, even where the original claim itself was filed on time. That is the part we verify before anything is filed.
In our files, this is the deciding factor: Government assistance, including provincial credits and grants for the same work, reduces the pool of qualified SR&ED expenditures. A grant received for a project lowers the federal claim rather than sitting alongside it untouched. A tax filing specialist applies it to your numbers before submission.
The questions Canadians actually search on this topic, answered plainly. Browse every question in the Canadian tax answers directory.
A tax return is the annual filing that reports your income, deductions and credits to the CRA so the final tax for the year can be settled. Payers withhold tax during the year and the return reconciles that against what you actually owe, producing either a refund or a balance to pay. For 2025 returns filed in 2026, refunds usually arrive in about two weeks for an online return, while a paper return runs on a considerably longer standard because it is handled manually.
A tax deduction is an amount subtracted from your income before tax is worked out, so it reduces the income being taxed rather than the tax bill directly. Its worth depends on your marginal rate: the higher the rate, the more the deduction saves. Common examples are RRSP contributions, child care costs, union dues, moving expenses and business expenses. Credits work the other way, reducing the tax calculated on that income.
Multiply the pre-tax price by the rate for the province of supply. On a $100 purchase in 2026 that is $13.00 in Ontario (13%), $14.00 in Nova Scotia (14%), and $15.00 in New Brunswick, Newfoundland and Labrador or Prince Edward Island (15%). In the non-participating provinces and the three territories only the 5% GST applies, so $5.00, plus any provincial sales tax billed separately.
Sign in to CRA My Account and open the tax returns section, which lists your assessed returns, notices of assessment and reassessment, and carry-forward amounts for earlier years. You can also download a proof of income statement, request a copy by phone, or ask whoever prepared the return for you. Keep your own copy and the supporting records for six years from the end of the tax year they relate to.
The consumer fuel charge stopped applying in April 2025, when the federal rate was set to zero, and the final Canada Carbon Rebate was paid to households that spring. The framework legislation was not deleted, and industrial carbon pricing continues under federal and provincial systems for large emitters. None of this changes your income tax return; the rebate was never taxable income. Check the Department of Finance and CRA pages for the current status.
The CRA can demand your records, and a court can order production. Anyone else, such as a landlord, lender, ex-spouse's lawyer or prospective employer, can ask, but only as a condition of dealing with you; you may refuse and accept that consequence. The CRA will not release your information to them without your authorisation. Where you need to prove income, a proof of income statement or notice of assessment from My Account usually satisfies them.
Deduct what the property genuinely costs you to earn rent: mortgage interest, property tax, insurance, utilities you pay, repairs, condo fees, advertising and management. Capital improvements are added to the cost base rather than deducted. Claiming capital cost allowance defers tax now but is recaptured on a sale. On disposition, one-half of a capital gain is taxable for 2025 and 2026. Ownership shared with a spouse splits the rental income. Keep every invoice and statement.
Not alone. A municipal council sets the property tax rate when it votes the annual budget and levy, and the mayor holds one vote, though a few provinces give mayors added budget powers that council can still override. Your bill is the assessed value of the property multiplied by that rate, plus an education portion the province sets. Assessments come from a provincial assessment body, not from the mayor.
If you supply taxable goods or services in Canada you must register for GST/HST and charge it once you stop being a small supplier. For 2026 the threshold is $30,000 of taxable revenue, unindexed and the same for 2025, tested two ways. Cross it over four consecutive calendar quarters and you stay a small supplier to the end of the following month, then register. Cross it within a single quarter and status ends on the sale that takes you over, which is itself taxable.
Exempt supplies carry no GST/HST and the supplier claims no input tax credits: long-term residential rent, most health, dental and childcare services, tuition for credit courses, and most financial services including insurance. Zero-rated supplies are different, taxed at 0% with input tax credits still available, and cover basic groceries, prescription drugs, many medical devices and most exports. Everything else is taxable at the 2026 rate for the province of supply, 5% to 15%.
Yes. Gasoline, diesel, propane and home heating fuel are taxable supplies, so GST or HST applies at your province's rate, which is 13% in Ontario and 5% GST plus any provincial sales tax elsewhere. The sales tax is calculated on the pump or delivered price, which already includes federal and provincial fuel excise taxes, so tax is charged on those amounts. A business registered for GST or HST can claim input tax credits on fuel used commercially.
None of it is automatically tax free. The tax-free lump sum many people have read about belongs to the United Kingdom system and has no Canadian equivalent. What Canada offers is deferral: a direct transfer of an eligible amount into an RRSP or RRIF postpones the tax until you withdraw, and part of a retiring allowance may qualify for transfer based on qualifying earlier years of service. Anything paid to you in cash is taxable income that year.
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)
