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At Tax Filings Canada, we handle every part of your corporate amalgamation, 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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Corporate Amalgamation from Tax Filings Canada gives founders and corporations at every stage federal or provincial incorporation, minute books, annual returns and CRA program accounts at a low-cost fixed fee agreed before work begins — no hourly billing, no surprise invoices.
Send us your slips, statements, and supporting records in whatever format suits you.
We prepare the corporate amalgamation work and flag anything that deserves a closer look.
You review the draft with us and ask questions before anything is finalized.
Once you approve, we file on your behalf and confirm it has gone through.
| 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 first fiscal year-end must fall within 53 weeks of incorporation and sets every future filing deadline, so it is worth choosing deliberately. We quote corporate amalgamation as one low-cost fixed price — the budget-friendly alternative to hourly billing.
Most write-ups of corporate amalgamation describe the form. These notes describe the file — what an accounting firm checks first and why.
The starting point is not a strategy but a constraint: Section 86 applies to a reorganisation of the capital of a corporation where a shareholder disposes of all shares of a class and takes back shares of the same corporation. No form is filed and no amount is elected, so the tax outcome is fixed by the terms of the exchange rather than chosen afterwards, and every share of the class has to move.
The next point is the one an accounting firm checks before quoting any timeline: The elected amount on a section 85 transfer cannot be less than the fair market value of any non-share consideration received, so cash or a note taken back on the transfer produces an immediate gain to that extent. Where full deferral is the aim, the elected amount is set at the cost amount of the property and the non-share consideration is kept within it. And on timing: A transfer of eligible property to a taxable Canadian corporation for share consideration can be made on a tax-deferred basis under section 85, but only where a joint election is filed on form T2057. The election is due by the earliest filing due date of any party to the transfer; after that it can be late-filed within a limited window on payment of a penalty, and later still only where the Minister accepts the election as just and equitable.
What this means for you depends entirely on facts we have not seen yet — which is the honest answer, and the reason an accounting firm starts every corporate amalgamation engagement with questions rather than conclusions. To keep the engagement efficient, assemble these records before we begin.
Every file we prepare is reviewed with you before anything is filed, the fee is fixed and agreed up front, and you pay only after the service is delivered. If corporate amalgamation is on your list, the conversation costs nothing to start.
Providing transparent fixed pricing and high-quality Accounting Firm compliance for your corporate amalgamation requirements.
Coverage: Standard bookkeeping and corporate amalgamation 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 corporate amalgamation needs?
Providing tailored corporate amalgamation services to ensure compliance and maximize deductions.
Our certified accountants protect your business with complete federal and provincial tax compliance.
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 Corporate Amalgamation tax and accounting services have helped Canadian businesses save money and stay compliant.
19 months of records at a shareholder buying out a departing co-owner in Lethbridge, Alberta had never been reconciled, leaving all future growth accruing to shares the founder already held, with no freeze in place. Rebuilding recovered $16,500.
An investment-heavy operating company in Edmonton, Alberta had never tested its work against the eligibility rules. The resulting $50,000 claim was accepted without adjustment.
A family-owned manufacturer planning succession in Halifax, Nova Scotia had already been penalised over an investment portfolio accumulating inside the operating company, putting the qualified small business corporation tests at risk. A relief application cancelled $117,000 of that penalty.
A $19,500 reassessment was proposed against a shareholder exchanging common shares for preferred shares in Regina, Saskatchewan following a dividend paid up to the holding company with no safe income on hand computed behind it. The documented response reduced it to nil.
A desk review assessed a redundant subsidiary corporation in Moncton, New Brunswick $34,000 over an inter-company balance and a shareholder loan left outstanding between the corporations being merged. Producing the records vacated it.
Growth at a two-subsidiary holding company in Toronto, Ontario had outrun the back office, and a trust still holding capital property with its twenty-one-year deemed disposition inside the planning horizon broke first. Headcount reached 78 with $53,000 of cash freed.
Meet the specialists behind your Corporate Amalgamation filings. Our Partners Are Alumni of the World's Top Accounting and Tax Institutions
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Canada Tax, International Tax, Cross Border Tax, Transfer Pricing
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Direct answers to what Canadian business owners actually ask before hiring an accountant.
Corporate Amalgamation 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 are a cloud-based practice serving every province and territory, 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 corporate amalgamation 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.
An accountant answers this differently than a search engine, because the rule has edges. Section 84.1 applies where an individual disposes of shares of a Canadian corporation to a purchaser corporation with which the individual is not dealing at arms length, and the two corporations are connected immediately afterwards. To the extent the adjusted cost base being relied on came from a claimed capital gains exemption or from pre-1972 value, that cost is stripped out for this purpose, and what looked like a capital gain can come back as a deemed dividend. Where your business sits relative to those edges is what we establish in the first meeting.
There is a widespread assumption here, and the actual position is worth stating plainly. Capital property of a trust can generally be distributed to a Canadian-resident capital beneficiary at the cost amount of the trust under subsection 107(2), which is why a wind-up is usually preferred to letting the twenty-one-year deemed disposition under subsection 104(4) arrive. That rollover is not available where subsection 75(2) applied to the property at any time, so the history of the trust is reviewed before anything moves. If your current setup was built on the assumption instead of the rule, that is fixable — but sooner is better than later.
The questions Canadians actually search on this topic, answered plainly. Browse every question in the Canadian tax answers directory.
HST combines the 5% federal GST with a provincial component in five participating provinces. For 2026 the combined rates are 13% in Ontario, 15% in New Brunswick, Newfoundland and Labrador, and Prince Edward Island, and 14% in Nova Scotia since 1 April 2025. Elsewhere you charge the 5% GST alone, or GST plus a separate provincial tax. The rate follows the province of supply, not where your business sits.
Online banking is the simplest route: add the CRA as a payee, select the account and tax year precisely, and pay from your chequing account. CRA My Payment takes debit card payments, and pre-authorised debit can be scheduled in My Account or My Business Account for a single amount or a run of instalments. Corporations and GST/HST registrants use the same channels under their business number. Keep the confirmation number and allow several days for the payment to post.
Most tax saving comes from a short list of levers: contributing to an RRSP or a spousal RRSP, holding investments inside a TFSA, FHSA or RESP so growth is sheltered, claiming every deduction and credit you actually qualify for, and splitting income where the rules allow, such as pension income splitting. Business owners add expense timing and salary versus dividend planning. Order matters, so decide before year end rather than at filing time.
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.
Yes. Canada has no floor below which income stops being reportable: every dollar of employment, self-employment, tip, gig, interest and foreign income goes on the return, whether or not a slip was issued. What a small total does change is whether tax is payable, because credits such as the federal basic personal amount ($16,452 for 2026, tapering to $14,829 at higher income) can reduce the balance to nil. Filing anyway protects benefits and builds RRSP room.
Most people say tax preparer or accountant. In Canada the work is not reserved to a single title: preparers, bookkeepers, accountants and tax agents all prepare and file returns, and anyone filing more than a set number of returns for payment must use an electronic filer number from the CRA. Some designations are protected titles, so check what a person actually holds. Ask who reviews the return, how the fee is set, and whether CRA follow-up is included.
Yes. Filing a T1 is required if you owe tax for the year, if the CRA asks you to file, and in several other situations such as disposing of property or repaying benefits. Paying assessed tax is a legal obligation, and interest and a late-filing penalty apply if you miss the deadline. For the 2025 tax year the personal deadline was 30 April 2026, with payment due the same day even for the self-employed.
Your refund or balance is on the notice of assessment for the year, and in CRA My Account under that year's return. Both show the exact figure the CRA used. If you are calling and cannot verify your identity, the agent may ask for an amount from a line of a recent return instead, which you can read off the assessed copy in My Account. A refund can also differ from what your software predicted, because the CRA adjusts claims it disallows.
Basic groceries are zero-rated for GST/HST, so no federal or harmonised tax is charged on bread, milk, produce, meat and similar staples. Snack foods, candy, carbonated drinks and prepared meals are excluded and taxable. On the provincial side, British Columbia, Saskatchewan and Manitoba exempt food for human consumption from PST and RST, so groceries carry no provincial retail sales tax either. Quebec's QST follows the federal zero-rating for basic groceries.
Start with the proceeds of disposition, then subtract the adjusted cost base of the property and the costs of selling it. The result is your capital gain. Only part of that gain, set by the inclusion rate for the year, is added to taxable income and taxed at your marginal rate, so there is no separate capital gains rate to look up. Confirm the inclusion rate in effect for the year of sale and keep the records that support your adjusted cost base.
The RRSP dollar limit is $33,810 for 2026 and $32,490 for 2025. Your own deduction limit is the lower of that dollar cap and 18% of your previous year's earned income, reduced by any pension adjustment from a workplace plan, plus unused room carried forward from earlier years. The CRA states your exact limit on your notice of assessment and in My Account.
Federal personal income tax is progressive: several brackets apply, each only to the slice of taxable income inside it, and the thresholds are indexed annually, so read the CRA table for the year you are filing. Provincial tax is charged on top of it. For corporations the federal small business rate is 9% on the first $500,000 of active business income for 2026, and the federal general net rate is 15% for the same 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. Big 4 trained at Ernst & Young and Deloitte, and qualified as a chartered accountant in India and again in Malaysia, he founded his accounting practice in 2014 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.
