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At Tax Filings Canada, we handle every part of your exit 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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Stay compliant and optimize your financial processes with our specialized exit planning services.
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Need exit planning in Canada? Tax Filings Canada delivers cash-flow forecasts, budgets, KPI dashboards and board-ready reporting for scaling businesses that need finance leadership without the headcount — affordable fixed fees quoted up front, and you pay only after you approve the work.
Start by sharing your documents; a quick checklist from us tells you exactly what we need.
Our team gets to work on your exit planning file, preparing every schedule that applies to you.
Before anything goes out, you see the full picture and sign off at your own pace.
With your approval in hand, we handle the filing and let you know the moment it is done.
| 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 fractional CFO typically costs a fraction of a $200,000-plus full-time hire while still covering forecasting, banking and pricing decisions. Our exit planning engagement is priced as a affordable flat fee, so the cost is known before the work starts.
Every week brings another round of exit planning work, and every week the same few issues account for most of the friction. Consider this a working income tax specialist's short list for Exit Planning.
Everything in exit planning hangs off a single anchor. Gross margin by product or service line, not overall revenue, is what tells an owner which work to take more of. A business can grow revenue and lose money at the same time.
Just as important, though far less discussed: A rolling thirteen-week cash-flow forecast is the single most-used tool in advisory work: it is what shows whether payroll is safe through a slow quarter, and it beats an annual budget in every month that matters. And on timing: A small corporation still carries the full compliance set: T2, GST/HST, payroll, and the annual return with the incorporating jurisdiction. The annual corporate return is separate from the T2 and is the one most often forgotten, which can lead to administrative dissolution.
Taken together, these rules explain why exit planning can rarely be treated as a do-it-once-and-forget exercise. An income tax specialist watches how they interact across your specific facts, which is something no checklist can do. What you bring to the table determines how quickly the exit planning work proceeds — start with the items below.
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 exit planning is on your list, the conversation costs nothing to start.
Providing transparent fixed pricing and high-quality Accounting Firm compliance for your exit planning requirements.
Coverage: Standard bookkeeping and exit 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 exit planning needs?
Providing tailored exit planning 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.
Risk-Free, Hassle-Free, and Client-First!
Schedule a Free ConsultationUse our office finder below to select your nearest accountant tax filing expert.
See how our expert Exit Planning tax and accounting services have helped Canadian businesses save money and stay compliant.
Scaling exposed a covenant breach discovered only when the bank called at an owner running the business without a cash-flow forecast in Barrie, Ontario. The back office was rebuilt to match, freeing $130,000.
A $77,000 reassessment was proposed against a clinic group acquiring a competitor in Ottawa, Ontario following a growth plan with no forecast behind it and no financing lined up. The documented response reduced it to nil.
5 years of filings at a construction company bidding larger contracts in Regina, Saskatchewan had never claimed the incentives the work qualified for. The review recovered $140,000.
Due diligence at a manufacturer planning a plant expansion in Lethbridge, Alberta surfaced a minute book with no resolutions behind a decade of dividends. Restructuring the sale saved $435,000 against the original terms.
5 years of returns were outstanding at a corporation approaching a covenant test date in Surrey, British Columbia, on top of an owner making hiring decisions on last quarter’s bank balance. Filing on real numbers removed $29,000 of assessed tax.
A family business planning succession in Victoria, British Columbia had outgrown its structure, with a healthy bank balance made up almost entirely of deposits for work not yet performed the visible cost. The reorganisation completed tax-deferred and saves $38,000 a year.
Meet the specialists behind your Exit Planning 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.
Exit 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 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 exit 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.
Let us give you the substance first and the caveats second. A rolling thirteen-week cash-flow forecast is the single most-used tool in advisory work: it is what shows whether payroll is safe through a slow quarter, and it beats an annual budget in every month that matters. The caveat is simply that facts on your file can shift the outcome, so treat this as the baseline rather than the final word.
A tax services provider answers this differently than a search engine, because the rule has edges. A small corporation still carries the full compliance set: T2, GST/HST, payroll, and the annual return with the incorporating jurisdiction. The annual corporate return is separate from the T2 and is the one most often forgotten, which can lead to administrative dissolution. Where your business sits relative to those edges is what we establish in the first meeting.
The questions Canadians actually search on this topic, answered plainly. Browse every question in the Canadian tax answers directory.
Most people pay through online or telephone banking, adding the CRA as a payee and choosing the exact account and year, such as a personal balance owing or an instalment. The alternatives are CRA My Payment with a debit card, pre-authorised debit scheduled in My Account, a credit card or e-transfer through a third-party provider that charges its own fee, or paying at your bank with a remittance voucher. For the 2025 tax year the balance was due 30 April 2026.
Sign in to CRA My Account, or use the CRA's mobile app, where the return shows as received, in process or assessed, and the refund amount and payment date appear once it has been assessed. The CRA also runs an automated telephone service giving the same information. A representative you have authorised through Represent a Client can check it for you. If the status has not moved past the published processing time, the return is probably under review.
Most people file electronically with software the CRA approves for NETFILE, or have a preparer send the return through EFILE. Paper filing is still accepted and takes far longer to process. Before starting, set up My Account, confirm your direct deposit details, and download the slips the CRA already holds so your return matches its records. For the 2025 tax year the deadline was 30 April 2026, with any balance owing due the same day; a 2025 return not yet filed is late, so file it now to stop the late-filing penalty growing.
Canada taxes income in graduated brackets, so only the income above a threshold is taxed at that bracket's higher rate and moving up a bracket never reprices the income below it. There is one federal set of brackets and a separate set for each province and territory, and the thresholds are indexed to inflation every year. Look up the current figures for your province on the CRA rate tables rather than relying on an older list.
Medical costs give a non-refundable credit rather than a deduction. Eligible items include prescription drugs, dental work, eyeglasses and contact lenses, fees paid to medical practitioners authorised to practise, private health plan premiums, attendant care and travel for treatment unavailable locally. Over-the-counter products and most cosmetic procedures do not qualify. Only the portion above an income-based threshold counts, the claim period may end at any point in the tax year rather than following the calendar year, and pooling the family claim on one spouse usually helps.
The refund is normally released with the assessment itself, so a direct deposit follows soon after the notice appears in My Account, and a cheque takes longer because it travels by post. If nothing arrives, read the notice: the CRA may have applied the refund against an outstanding balance, family support arrears or another government debt, or held it while the return is reviewed or an earlier year remains unfiled. My Account shows the payment date once it is issued.
The Canada Child Benefit is a tax-free monthly payment, and the amount depends on how many children you have, their ages, and your family adjusted net income from the previous tax year. Maximum amounts are set each July and are reduced as family income rises, so two households with the same number of children can receive very different deposits. Check your own entitlement in CRA My Account or with the CRA child and family benefits calculator.
Sign in to CRA My Account and read the balance on the account overview, or check the notice of assessment issued after your return is processed. It states the balance owing or the refund and any interest charged. Until the return is prepared there is no figure to check, so an estimate means adding up your slips and deductions. Interest runs on an unpaid balance from the payment deadline, and the CRA will consider a payment arrangement.
Once you stop being a small supplier. That happens when your taxable revenue passes $30,000 measured over four consecutive calendar quarters, or within a single calendar quarter - and if you cross the threshold inside one quarter, you must charge GST/HST on the very sale that takes you over. You then register and file returns for the assigned period. You can also register voluntarily below the threshold to recover input tax credits.
TPS is simply the French name for the GST, taxe sur les produits et services. It is the same federal tax at the same rate, 5% for 2025 and 2026. In Quebec you will also see TVQ, the French name for QST, at 9.975% applied to the pre-GST price, giving a combined 14.975%. Quebec receipts usually show both lines separately, and Revenu Quebec administers the returns for both taxes there.
An excise stamp is the marker the Canada Revenue Agency issues to manufacturers and importers holding an excise licence, showing that federal excise duty has been accounted for on a tobacco, vaping or cannabis product. Stamps carry province-specific colouring and security features so enforcement can tell where the product was destined. Product without one is unstamped tobacco, which may be held only in narrow circumstances set out in the excise rules and otherwise attracts a special duty and penalties.
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.
