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At Tax Filings Canada, we handle every part of your corporate tax debt resolution, 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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Need corporate tax debt resolution in Canada? Tax Filings Canada delivers audit responses, notices of objection, voluntary disclosures and relief requests for taxpayers facing reviews, arrears and disputes — affordable fixed fees quoted up front, and you pay only after you approve the work.
Gather what you have — even a shoebox of receipts is a fine starting point.
We turn your records into a complete, review-ready corporate tax debt resolution file.
You get a walkthrough of the results, in plain language, before you approve a thing.
We submit everything for you and stay available for whatever follows.
| 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 |
A notice of objection is generally due 90 days from the notice of assessment, and individuals have a further year to apply for an extension. Our corporate tax debt resolution engagement is priced as a affordable flat fee, so the cost is known before the work starts.
What actually separates a clean corporate tax debt resolution file from a messy one? A working accountant would point to a short list of rules, and these notes walk through it.
Everything in corporate tax debt resolution hangs off a single anchor. A review is won on documentation created at the time, not on explanations offered afterwards. The CRA asks for the source records behind a figure, and an unsupported claim is simply disallowed. Most reassessments we reverse are not the result of a wrong position — they are the result of a correct position with no contemporaneous paper trail behind it.
Just as important, though far less discussed: The late-filing penalty is 5% of the balance owing plus 1% for each full month late, to a maximum of twelve months. A second late filing within three years doubles both figures. The penalty is calculated on the balance owing, so a late return with nothing owing costs nothing — which is why filing on time matters even when you cannot pay. The final point is less about opportunity and more about what happens when a file is challenged: Depreciable property is written off through capital cost allowance at a rate set by its class, and the half-year rule limits the first-year claim unless immediate expensing applies. Class selection is where the money is. The same asset placed in the wrong class can delay the deduction by years, and the error repeats every year until corrected.
Taken together, these rules explain why corporate tax debt resolution can rarely be treated as a do-it-once-and-forget exercise. An accountant watches how they interact across your specific facts, which is something no checklist can do. Gathering the following ahead of time turns the first corporate tax debt resolution conversation from fact-finding into decision-making.
You see the completed work before you pay for it — the quote is locked up front and nothing is filed until you approve it.
Providing transparent fixed pricing and high-quality compliance work for your corporate tax debt resolution requirements.
Coverage: Standard bookkeeping and corporate tax debt resolution 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 tax debt resolution needs?
Providing tailored corporate tax debt resolution 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 Corporate Tax Debt Resolution tax and accounting services have helped Canadian businesses save money and stay compliant.
The structure at an incorporated trades business in Burnaby, British Columbia no longer fitted the business. A balance-due date the owner believed was the same as the filing date showed it. Rebuilding it saves $33,500 a year.
The structure at an incorporated trades business in Burnaby, British Columbia dated from years earlier. It had been set up for a business that no longer existed. A balance-due date the owner believed was the same as the filing date had become expensive. We rebuilt the instalment schedule off the current year rather than the prior year, ending the interest accrual. The reorganisation used the rollover provisions rather than a taxable transfer, so no tax fell due on the restructuring itself. $33,500 of annual saving, achieved on a tax-deferred basis. The minute book, elections and valuations are all in the file.
An incorporated consultancy in Red Deer, Alberta was scaling. The growth exposed passive investment income that had crossed the $50,000 grind threshold unnoticed. The back office was rebuilt to match, freeing $88,000.
An incorporated consultancy in Red Deer, Alberta was opening in a second province. That meant different filing obligations and a different payroll regime. Passive investment income that had crossed the $50,000 grind threshold unnoticed already sat in the file. We carried the non-capital loss back against the two profitable years and recovered tax already paid instead of holding a carry-forward balance. We then put monthly reporting in place. That let the owner see the cash effect of growth while there was still time to act on it. Growth was absorbed without a compliance failure. $88,000 of cash was released, and the monthly reporting now flags a problem while it is still small.
A desk review assessed a professional corporation in Barrie, Ontario $87,000. The dispute was over a small business limit quietly shared across three associated corporations nobody had mapped. Producing the records vacated the assessment.
A professional corporation in Barrie, Ontario was carrying $87,000 of penalties and interest. The charges arose from a small business limit quietly shared across three associated corporations nobody had mapped. Much of that amount accumulated during a period the CRA itself had delayed. We documented safe income before the inter-corporate dividend was paid, so subsection 55(2) had no room to recharacterise it as a gain. We framed the relief application on the specific grounds the CRA guidelines recognise rather than on general hardship. The assessment was vacated. $87,000 came off the account, and the documentation now on file makes the same position straightforward to defend next time.
A corporation with a non-calendar fiscal year-end in Toronto, Ontario was under review. The issue was dividends moved up to a holding company year after year with no safe-income support on file. The file closed in 7 weeks with $109,000 of proposed tax cleared.
A corporation with a non-calendar fiscal year-end in Toronto, Ontario was selected for review. Dividends moved up to a holding company year after year with no safe-income support on file had shown up in the CRA's automated matching. The proposed adjustment on corporate tax debt resolution came to $109,000. We mapped the association rules across the group, allocated the business limit deliberately on Schedule 23, and corrected the prior year by adjustment request. Every figure in the response traced to a source record the auditor could verify without asking a second question. The review closed with no change. $109,000 of proposed tax came off the table, and the documentation now in place makes the next review a short one.
A 5-week rebuild at a corporation associated with a spouse-owned company in Edmonton, Alberta got the filing in with 22 days to spare. That avoided $73,000 in penalties.
A corporation associated with a spouse-owned company in Edmonton, Alberta was weeks away from the deadline for corporate tax debt resolution. Behind that sat a distribution treated as tax-free capital dividend with no election ever filed. The exposure if the date slipped was around $73,000. We modelled salary against dividends across both the corporation and the shareholder’s personal return, then set the remuneration mix for the year. The filing went in complete rather than provisional, so there was no amended return to follow. Filed with 22 days to spare. $73,000 in late-filing penalties avoided, and the working papers are ready for the following year.
An incentive review at a technology CCPC approaching its first profitable year in Surrey, British Columbia recovered $73,000 across 6 open years. It found retained earnings building in the operating company with no plan for extracting them.
An incentive review at a technology CCPC approaching its first profitable year in Surrey, British Columbia started from a simple question: what has never been claimed? The answer ran to 6 years. It was driven by retained earnings building in the operating company with no plan for extracting them. We reconstructed the capital dividend account from the underlying transactions and filed the subsection 83(2) election before the next distribution left the company. We documented eligibility to the standard a reviewer would apply rather than the standard a claim form requires. The credits produced $73,000 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 Corporate Tax Debt Resolution 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
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.
Corporate Tax Debt Resolution 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 corporate tax debt resolution 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.
Let us give you the substance first and the caveats second. Depreciable property is written off through capital cost allowance at a rate set by its class, and the half-year rule limits the first-year claim unless immediate expensing applies. Class selection is where the money is. The same asset placed in the wrong class can delay the deduction by years, and the error repeats every year until corrected. The caveat is simply that facts on your file can shift the outcome, so treat this as the baseline rather than the final word.
You are asking the right question, and it has a real answer. The late-filing penalty is 5% of the balance owing plus 1% for each full month late, to a maximum of twelve months. A second late filing within three years doubles both figures. The penalty is calculated on the balance owing, so a late return with nothing owing costs nothing — which is why filing on time matters even when you cannot pay. What we add on top of that is the paperwork discipline that makes the answer stand up if anyone ever asks you to prove it.
The questions Canadians actually search on this topic, answered plainly. Browse every question in the Canadian tax answers directory.
As the rules stand for the 2025 tax year filed in 2026, the late-filing penalty is 5% of the balance owing plus 1% of that balance for each full month the return is late, to a maximum of 12 months, so 17% at worst. It rises to 10% plus 2% per month for up to 20 months, a 50% maximum, but only where the CRA formally demanded the return and had already charged a late-filing penalty for any of the three preceding tax years. Interest compounds daily.
Some are. Legal fees are deductible when they relate to earning income or defending a tax position, such as collecting salary or wages owed to you, objecting to or appealing an assessment, or running a business. Fees paid to obtain or enforce support are generally deductible for the recipient. Fees for the divorce itself, for custody, or for personal disputes are not, and fees to acquire property are usually added to that property's cost instead.
Two different categories carry no tax. Zero-rated supplies are taxed at nil, including basic groceries, prescription drugs, medical devices and most agricultural products, and the seller can still claim input tax credits. Exempt supplies, such as most residential rent, health and dental care and financial services, carry no tax and no input tax credits. Small suppliers below the $30,000 threshold, unchanged for 2025 and 2026, also charge nothing until they register. The CRA lists both categories.
Because several layers stack on the same income. Federal tax and provincial tax both apply to your taxable income at progressive rates, CPP or QPP and EI come off on top, and GST/HST and provincial sales or fuel taxes apply again when you spend. A bonus, a second job or a lump-sum withdrawal often looks punishing because withholding is calculated as if that payment were your only income. Property tax is separate, set by municipalities on assessed value.
A T4E is the statement of Employment Insurance and other benefits. Service Canada issues one for each year in which EI was paid, covering regular, sickness, maternity, parental, caregiving or fishing benefits, and it shows the total received, the income tax already withheld and any amount to be repaid. Those figures go on the personal return for that year. Benefits paid under a different program come on their own slip.
For personal income tax, your account number is your social insurance number. For a business it is the nine-digit business number plus the two-letter program identifier and four-digit reference, so corporation tax, GST/HST and payroll each have their own account. Select the matching payment type and the correct tax year or period as well: a payment posted to the wrong program or year leaves the balance you meant to clear still outstanding and still accruing interest.
Yes, in substance. The GST is a value-added tax: registrants charge 5% on taxable sales and recover the GST/HST paid on business inputs, so tax lands only on the value added at each stage. In participating provinces it is blended into the HST, at 13% in Ontario, 14% in Nova Scotia since 1 April 2025, and 15% in New Brunswick, Newfoundland and Labrador and Prince Edward Island. Quebec runs its own QST of 9.975% alongside the 5% GST.
Not across the board. For 2026 the lowest federal bracket rate is 14%, with 20.5%, 26%, 29% and 33% applying above it, and the federal basic personal amount is $16,452, tapering to $14,829 on net income between $181,440 and $258,482. The capital gains inclusion rate stays at one-half for 2025 and 2026; the 2024 proposal to raise it was never enacted. Brackets and credits are indexed annually, so check the CRA's rates for the year you are filing.
Different taxes run on different clocks. A corporation files its T2 six months after the fiscal year end, with the balance due two months after year end, or three months for an eligible CCPC claiming the small business deduction, and pays instalments monthly or quarterly once its tax is more than a small amount. GST/HST returns are monthly, quarterly or annual depending on revenue. Payroll deductions are remitted at least monthly, and sole proprietors pay quarterly instalments.
Child care is a deduction rather than a refund, so what comes back depends on your marginal tax rate: the higher the rate, the more each dollar of eligible care saves you. The deduction is also capped by the age of each child, by what you actually paid, and by a share of the earned income of the person making the claim. Two families paying identical daycare fees can therefore see very different refunds.
In Canada the federal return for individuals is the T1, filed with the CRA, and it calculates your provincial or territorial tax in the same package, so there is no separate provincial return except in Quebec, where a second return goes to Revenu Quebec. Corporations file the T2 instead. To check a filed return or a refund, sign in to CRA My Account and read the notice of assessment, which shows what was accepted and any change the CRA made.
The additional property transfer tax is 20% of the foreign buyer's share of a residential property's fair market value, the rate since 21 February 2018. It applies on top of the general property transfer tax in five specified areas: the Metro Vancouver, Capital, Fraser Valley, Nanaimo and Central Okanagan regional districts. It catches foreign nationals, foreign corporations and taxable trustees. Tsawwassen First Nation treaty lands are excluded.
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 — Corporations · CRA — Corporation tax rates · Income Tax Act (Justice Laws Website)
