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At Tax Filings Canada, we handle every part of your foreign-owned canadian corporation tax, 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 foreign-owned canadian corporation tax across Canada: treaty positions, foreign tax credits, T1135 disclosure and non-resident withholding, built for Canadians with US ties and non-residents earning Canadian income, with payment only after your work is complete.
Send us your slips, statements, and supporting records in whatever format suits you.
We prepare the foreign-owned canadian corporation tax 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 |
Section 216 and 217 elections can substantially reduce non-resident withholding on Canadian rents and pensions when filed on time. Because the fee is fixed and low-cost, the economics stay predictable whether your file is simple or messy.
No two foreign-owned canadian corporation tax files are identical, but the rules that govern them are stable. A tax practitioner who works with Foreign-Owned Canadian Corporation Tax weekly keeps returning to the same anchors, and they are set out below.
The first thing we verify on every engagement: A dividend between connected corporations is generally deductible in computing taxable income. However, subsection 55(2) can recharacterise it as a capital gain where it exceeds safe income and no permitted purpose applies. The safe-income analysis belongs before the dividend is paid, not after.
The detail that surprises most owners comes next. A CCPC files its T2 within six months of year-end, with the balance due two months after (three where the small business deduction is claimed). The 9% federal small business rate applies to the first $500,000 of active business income. The filing and payment deadlines differ, and interest runs from the payment date. Filing on time while paying late still costs money. The third rule is where the real exposure hides. Planning has to be in place before the transaction. The salary-versus-dividend mix, the timing of a capital purchase and the choice of year-end all change the outcome, but only prospectively. Almost every planning opportunity we see missed was available and simply not taken in time; very few are recoverable after year-end.
What this means for you: the value in foreign-owned canadian corporation tax is not the filing itself, it is having a tax practitioner apply these rules to your numbers before anything is submitted. The engagement goes fastest when last year’s filings and the current ledger arrive together.
Every foreign-owned canadian corporation tax engagement carries the same commitments: a fixed fee settled before we begin, your sign-off before anything is filed, and payment only after the service is complete.
Providing transparent fixed pricing and high-quality compliance work for your foreign-owned canadian corporation tax requirements.
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Providing tailored foreign-owned canadian corporation tax 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.
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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 Foreign-Owned Canadian Corporation Tax and accounting services have helped Canadian businesses save money and stay compliant.
An incorporated consultancy in London, Ontario was under review. The issue was passive investment income that had crossed the $50,000 grind threshold unnoticed. The file closed in 3 weeks with $96,000 of proposed tax cleared.
An incorporated consultancy in London, Ontario was selected for review. Passive investment income that had crossed the $50,000 grind threshold unnoticed had shown up in the CRA's automated matching. The proposed adjustment on foreign-owned Canadian corporation tax came to $96,000. We moved passive holdings into a separate structure so the operating company’s small business limit stopped grinding down. 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. $96,000 of proposed tax came off the table, and the documentation now in place makes the next review a short one.
A corporation associated with a spouse-owned company in Kitchener, Ontario was profitable and permanently short of cash. Behind the gap sat a loss year carried forward by default when carrying it back would have produced a refund cheque. Restructuring the tax cycle freed $125,000.
A corporation associated with a spouse-owned company in Kitchener, Ontario was profitable on paper and short of cash every month. A loss year carried forward by default when carrying it back would have produced a refund cheque explained most of the gap. We reviewed each capital cost allowance pool and set the claim at the level that kept the small business deduction fully used rather than wasted. We also built a thirteen-week cash view so tax payments stopped competing with payroll for the same dollars. $125,000 was released back into working capital. Remittances have been on time every period since, and the forecast shows the tax outflow before it lands.
A holding company and its operating subsidiary in Moncton, New Brunswick was carrying $99,000 of penalties and interest. The charges arose from a balance-due date the owner believed was the same as the filing date. A relief application cancelled that amount.
An assessment of $99,000 landed at a holding company and its operating subsidiary in Moncton, New Brunswick following a desk review. It turned on a balance-due date the owner believed was the same as the filing date. The auditor had not seen the records behind it. 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 then set out the legislative basis for the position alongside the documents supporting it. $99,000 of penalties and interest was cancelled under the taxpayer relief provisions, and the underlying assessment was adjusted to match the filed position.
A corporately-owned rental portfolio in Lethbridge, Alberta was preparing to sell. However, no valuation on file to support the price the parties had agreed disqualified the shares. Purification sheltered $875,000 under the exemption.
A corporately-owned rental portfolio in Lethbridge, Alberta had an offer on the table and 12 months to close. The shares did not qualify for the capital gains exemption. No valuation on file to support the price the parties had agreed was part of the reason. We purified the corporation so the shares met the qualifying tests. We modelled salary against dividends across both the corporation and the shareholder’s personal return, then set the remuneration mix for the year. All of it was done well ahead of the closing date. The sale closed on schedule with $875,000 sheltered by the lifetime capital gains exemption across the shareholders.
Foreign holdings at an operating company holding surplus investments in Mississauga, Ontario had crossed the reporting threshold unnoticed. Disclosure was brought current and $87,000 recovered.
Foreign holdings at an operating company holding surplus investments in Mississauga, Ontario had passed the reporting threshold without anyone noticing. Behind the disclosure problem sat two corporations under common control filing as if each had its own $500,000 limit. We rebuilt the instalment schedule off the current year rather than the prior year, ending the interest accrual. We claimed the treaty relief and foreign tax credits on the Canadian return and corrected the disclosure position for the open years. The treaty position was accepted and $87,000 was recovered. Reporting is now current and the annual process takes hours rather than weeks.
Growth at a professional corporation in Hamilton, Ontario had outrun the back office. Dividends moved up to a holding company year after year with no safe-income support on file broke first. Headcount reached 49 with $123,000 of cash freed.
A professional corporation in Hamilton, Ontario was growing fast, with headcount reaching 49 in eighteen months. The back office had not kept up. Dividends moved up to a holding company year after year with no safe-income support on file was the first thing to break. We mapped the association rules across the group, allocated the business limit deliberately on Schedule 23, and corrected the prior year by adjustment request. We built the compliance calendar for the size the business was becoming rather than the size it had been. The business reached 49 staff with no missed remittance and no late filing. $123,000 of working capital was freed in the process.
Meet the specialists behind your Foreign-Owned Canadian Corporation Tax 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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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.
Foreign-Owned Canadian Corporation Tax 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 foreign-owned canadian corporation tax 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.
A tax advisor answers this differently than a search engine, because the rule has edges. A dividend between connected corporations is generally deductible in computing taxable income. However, subsection 55(2) can recharacterise it as a capital gain where it exceeds safe income and no permitted purpose applies. The safe-income analysis belongs before the dividend is paid, not after. 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. A non-capital loss can be carried back three years and forward twenty. Which year it is applied against decides what the loss is actually worth, because the recovery comes at that year’s rate. A carry-back is claimed with the return or by adjustment request rather than assumed. 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.
There are two federal rates. For 2026, active business income up to $500,000 earned by a Canadian-controlled private corporation is taxed at the federal small business rate of 9%; income above that limit, and the income of corporations that do not qualify, is taxed at the federal general net rate of 15%. Every province adds its own small business and general rate, so your combined rate depends on where the corporation has a permanent establishment. Investment income is taxed under different rules.
For individuals the tax year is the calendar year, 1 January to 31 December, and the return covering it is filed the following spring. The 2025 return was due 30 April 2026, or 15 June 2026 where you or your spouse were self-employed, though any balance owing was still payable by 30 April 2026. Corporations work differently: a corporation chooses its own fiscal year end and files a T2 six months after it.
Childcare services for young children, supplied mainly so a parent can work or study, are exempt from GST/HST, so a daycare does not charge tax on those fees and cannot claim input tax credits on the related costs. The operator's earnings are still taxable income, reported on a T2125 or a T2 depending on the structure. Parents deduct eligible childcare costs on the T1 within the limits on the CRA's child care expenses page.
Commonly a tax preparer, tax accountant or tax specialist. Titles are not standardised in Canada: some preparers hold an accounting designation, others are bookkeepers, tax technicians or lawyers who focus on tax. What matters more than the label is that the person is registered with the CRA to file electronically for clients, carries a business number, quotes the fee in writing, and signs the return as preparer where required.
The simplest route is your bank’s online bill payment, choosing the CRA payee that matches the tax type and year. The CRA’s My Payment service takes Interac Online and Visa Debit, and you can set up a pre-authorized debit inside My Account. Third-party card processors work but charge a fee. Select the correct account and period so the money is not applied elsewhere, and pay by the deadline, since interest runs from the day after.
A resort tax is a local levy on visitor spending, usually short-term accommodation and sometimes food or recreation, charged by a tourist municipality to fund local services and marketing. Canada uses the same idea under other names: municipal accommodation taxes and provincial tourism levies on hotel and short-term rental stays. GST or HST applies to the stay as well. Rates and what they cover are set locally, so check the municipality's or province's own published rules.
Company tax is corporate income tax, reported on a T2 return for each fiscal year. A Canadian-controlled private corporation pays the federal small business rate of 9% on the first $500,000 of active business income for 2026 and the federal general net rate of 15% above that, with each province adding its own rate. Ontario's small business rate is 3.2%, falling to 2.2% on 1 July 2026, and its combined general rate is 26.5%. The T2 is due six months after year end.
Yes. A corporation that paid more in instalments than its final liability has the overpayment refunded once its T2 is assessed, and refundable credits or a loss carried back to an earlier year can also create a refund. A GST/HST registrant whose input tax credits exceed the tax it collected claims the difference on its GST/HST return. Sole proprietors receive any overpayment through their personal T1 rather than as a separate business refund.
There is no single rate. On purchases, GST is 5%, with HST of 13% in Ontario, 15% in New Brunswick, Newfoundland and Labrador and Prince Edward Island, and 14% in Nova Scotia since 1 April 2025; Quebec adds 9.975% QST, British Columbia 7% PST, Saskatchewan 6% PST and Manitoba 7% RST. On income, the 2026 federal brackets begin at 14% and rise through 20.5%, 26% and 29% to 33%, with provincial tax charged on top.
The digital services tax is a Canadian levy on revenue that very large digital businesses earn from Canadian users. In late June 2025, days before the first payments were due, the government announced during trade talks with the United States that it would rescind the tax, and collection was halted. Whether the legislation has since been repealed or only stopped applying should be confirmed on the Department of Finance and CRA digital services tax pages before you register, file or pay.
Filing is required whenever tax is owing, and retirees are usually better off filing even with nothing to pay. The return is what calculates the GST/HST credit, the Guaranteed Income Supplement, provincial credits and the age and pension amounts, and it is where pension income splitting is elected. Filing on time also keeps income-tested payments flowing without interruption. For the 2025 tax year the deadline was 30 April 2026.
A bonus is employment income and is taxed at your marginal rate, the same as salary. Your employer withholds tax when it is paid, and that withholding can be more or less than the tax actually owing, so the difference settles on your return. The usual way to cut the tax legally is to have the bonus paid straight into your RRSP where you have room, which lets the employer reduce the withholding. Form T1213 can also lower withholding; the CRA takes several weeks to process one, so file it in the autumn before the year you want it to apply to.
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 — International and non-resident taxes · Income Tax Act (Justice Laws Website)
