Fixed-Fee. Trusted. Accurate. Quick. Easy. Economical.
100% Risk-Free, Satisfaction, Guarantee, Price Match – Pay After Service
At Tax Filings Canada, we handle every part of your mandatory disclosure reporting, 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.
Secure Fixed Quote
Fill details below to lock in pricing and get started today.
Stay compliant and optimize your financial processes with our specialized mandatory disclosure reporting services.
No hidden fees. Pay only after your service is completed. The fee is agreed before any work starts.
Yes — mandatory disclosure reporting can be handled entirely online. Tax Filings Canada covers SR&ED claims, clean-economy credits and specialty elections for innovators and businesses with complex transactions at affordable fixed fees, pay-after-service.
Start by sharing your documents; a quick checklist from us tells you exactly what we need.
Our team gets to work on your mandatory disclosure reporting 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 |
SR&ED refunds reach 35% federally for CCPCs on the first $3 million of qualified expenditures, with provincial top-ups in most provinces. Our mandatory disclosure reporting engagement is priced as a affordable flat fee, so the cost is known before the work starts.
If you handle Mandatory Disclosure Reporting once a year, everything looks equally important. Handle it weekly, as a tax expert does, and a clear hierarchy emerges; these notes follow that hierarchy.
If you remember one thing from this page, make it this: The Voluntary Disclosures Program can waive gross-negligence penalties and part of the interest. That relief is available only while the CRA has not yet contacted the taxpayer about the issue.
Then comes the detail that separates a clean file from an expensive one: A review is won on documentation created at the time, not explanations offered afterwards. An unsupported claim is simply disallowed, however correct it was. Ask what a reviewer will want to see, and the answer sits in this rule: Collections action can proceed while an objection is outstanding for GST/HST and payroll amounts. That is why a filed objection is not by itself protection against a bank freeze.
What this means for you: the value in mandatory disclosure reporting is not the filing itself, it is having a tax expert apply these rules to your numbers before anything is submitted. Think of this list as the raw material a tax expert works from on mandatory disclosure reporting.
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 mandatory disclosure reporting requirements.
Coverage: Standard bookkeeping and mandatory disclosure reporting 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 mandatory disclosure reporting needs?
Providing tailored mandatory disclosure reporting 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.
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 Mandatory Disclosure Reporting tax and accounting services have helped Canadian businesses save money and stay compliant.
A business owner with a director liability assessment in Toronto, Ontario faced a $108,000 proposed reassessment. It came after an audit conducted over the phone, with nothing on file showing what had been provided or when. We rebuilt the documentation and the adjustment was withdrawn in full.
A business owner with a director liability assessment in Toronto, Ontario received a proposal letter opening a review of mandatory disclosure reporting. The CRA had identified an audit conducted over the phone, with nothing on file showing what had been provided or when. It proposed an adjustment of $108,000, with 30 days to respond. We treated the response as an evidence exercise rather than an argument. We filed the Tax Court appeal inside the window and resolved the remaining adjustments before a hearing date was needed. We then indexed every supporting document against the specific line the auditor had questioned. The proposed adjustment was withdrawn in full — all $108,000 of it. The file closed in 10 weeks with no change to the assessed amounts and no penalty.
7 years of filings at a restaurant under a net-worth audit in Hamilton, Ontario had never claimed the incentives the work qualified for. The review recovered $17,500.
A restaurant under a net-worth audit in Hamilton, Ontario had been filing for 7 years. In that time, the incentives its activity qualified for were never claimed. Behind that sat six years of unfiled corporate and personal returns and an active collections file. We tested each activity against the eligibility criteria rather than the description on the invoice. Then we filed the disclosure through the Voluntary Disclosures Program before contact, which removed the gross-negligence penalty entirely. $17,500 in credits claimed, with the open prior years adjusted as well. The claim passed review without adjustment.
A family transfer at a taxpayer whose objection window has closed in Regina, Saskatchewan would have been fully taxable. The reason was passive assets sitting inside the operating company, disqualifying the shares. Restructuring deferred $890,000.
A generational transfer at a taxpayer whose objection window has closed in Regina, Saskatchewan had been discussed for years without a plan. Passive assets sitting inside the operating company, disqualifying the shares meant the transfer as contemplated would have been fully taxable. We assembled the contemporaneous records, filed a structured response to each proposed adjustment with the supporting documents indexed, and had the proposal withdrawn. We sequenced the steps so each one was complete and documented before the next depended on it. $890,000 of tax was deferred through the transfer, and the successor generation took over a corporation whose records stood up to review.
Collections had begun against a company facing a payroll trust examination in Kelowna, British Columbia over 7 years of unfiled returns. Bringing them current cut $56,000 from the balance.
By the time a company facing a payroll trust examination in Kelowna, British Columbia called, 7 years were outstanding. The CRA had assessed on estimates. Underneath it sat a confirmation letter left in a drawer until the appeal window had closed. We reconstructed the records year by year. We kept the waiver narrowed to the issue actually under review and let the remaining years close on the normal reassessment period. Each filing replaced an arbitrary assessment with a real one. The account is current. Filing on real numbers rather than CRA estimates reduced the balance by $56,000, and a relief application addressed part of the accumulated interest.
A taxpayer with eight years of unfiled returns in Edmonton, Alberta had outgrown its structure. The visible cost was a net-worth assessment built on unexplained deposits that were actually loan proceeds. The reorganisation completed tax-deferred and saves $43,000 a year.
A taxpayer with eight years of unfiled returns in Edmonton, Alberta had outgrown the structure it started with. A net-worth assessment built on unexplained deposits that were actually loan proceeds was the immediate problem. The longer-term one was that the structure blocked the next step. We mapped the current structure and modelled the target. Then we traced each unexplained deposit to its source — loans, transfers between accounts, an insurance settlement — and reduced the net-worth assessment accordingly. The tax-deferred elections were filed on time and the supporting valuations documented. The reorganisation completed without triggering tax, and the new structure saves approximately $43,000 a year while removing the exposure the old one carried.
A desk review assessed a shareholder assessed on a taxable benefit in London, Ontario $35,000. The dispute was over a waiver signed at the counter that kept an otherwise closed year open with no end date. Producing the records vacated the assessment.
A shareholder assessed on a taxable benefit in London, Ontario was carrying $35,000 of penalties and interest. The charges arose from a waiver signed at the counter that kept an otherwise closed year open with no end date. Much of that amount accumulated during a period the CRA itself had delayed. We requested the auditor’s working papers and report to see how the assessment had been built before answering any of it. We framed the relief application on the specific grounds the CRA guidelines recognise rather than on general hardship. The assessment was vacated. $35,000 came off the account, and the documentation now on file makes the same position straightforward to defend next time.
Meet the specialists behind your Mandatory Disclosure Reporting 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.
Mandatory Disclosure Reporting 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 mandatory disclosure reporting 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.
Our answer starts where the legislation starts. The normal reassessment period runs three years from the original notice of assessment for an individual or a CCPC and four years for other corporations. A waiver signed at an auditor’s request removes that limit for the issue it describes. It stays open until it is revoked. From there it is a matter of applying it to your year — and that application, not the rule itself, is where an income tax specialist earns the fee.
The honest answer comes down to one rule. Once the CRA confirms an assessment or reassesses following an objection, the next step is an appeal to the Tax Court of Canada within 90 days. An extension has to be applied for rather than assumed, and the merits of the position do not extend the deadline. That is the part we verify before anything is filed.
The questions Canadians actually search on this topic, answered plainly. Browse every question in the Canadian tax answers directory.
Yes, the CRA does telephone people, usually about a balance owing, a missing return, an audit or to verify information, and calls can come from many different numbers, so caller ID proves nothing either way. A real agent never demands payment by gift card, cryptocurrency or e-transfer, never threatens immediate arrest or deportation, and never asks for a password. If a call feels wrong, hang up, check your balance and mail in My Account, then call back using a number from canada.ca.
Yes. A prior-year return can be filed at any time, and electronic filing stays open for several past years, so a 2024 return usually still goes through software rather than on paper. If a balance is owing, the late-filing penalty has already run to its twelve-month maximum and interest is still accumulating daily, so there is nothing to gain from waiting. If you cannot pay in full, file anyway and then arrange payment, because the penalty is tied to filing rather than paying.
During busy periods the CRA's automated phone system may offer a callback instead of holding. Accept it, then keep the line free and answer when the return call comes. The offer appears only when wait times are long, so you cannot request one on demand. If no callback is offered, try calling early in the week, or use My Account and the online enquiry service, which do not involve a queue at all.
Call the individual or business tax enquiries line listed on the CRA's Contact us page, then work through the automated menu to reach an agent. Have your social insurance number or business number, your date of birth and a line amount from your last assessed return ready, because the agent cannot discuss your file without them. Wait times are longest right after the filing deadline. My Account answers many questions without a call.
It means your employer is withholding tax without applying any personal credits, so income tax comes off every dollar you earn from that job. That happens when you claim no credit amounts on the personal tax credits return you give the employer, which is the correct approach at a second job where the basic personal amount is already claimed at the first. You still claim the amount on your T1, so over-withholding comes back as a refund.
Filing is how your year gets settled: it works out whether you overpaid and are owed a refund, and it is the calculation behind income-tested benefits, so payments such as the GST/HST credit and the Canada child benefit stop if a return is missing. Filing also creates RRSP room from earned income, keeps tuition and capital losses carrying forward, and starts the clock on the CRA's reassessment period. Late filing when you owe adds a penalty plus interest.
About two weeks for a return filed online with direct deposit in place. A non-resident return can take up to sixteen weeks. Those are service targets rather than guarantees: a return selected for review, a missing slip, or a mismatch with what a payer reported will add time. You can follow the status in CRA My Account, and amounts you owe elsewhere may be taken off the refund first.
Start with total income from all sources, subtract deductions such as RRSP contributions to get taxable income, then apply the federal graduated rates and your province's rates to that figure. Subtract non-refundable credits, including the basic personal amount, then subtract tax already withheld on slips and any instalments paid. What is left is your balance owing or refund. CRA-certified tax software does this arithmetic; the CRA also publishes the rate and credit tables.
Personal income tax is the tax an individual pays on income from all sources: employment and self-employment earnings, pensions, investment income and the taxable portion of capital gains. Canada applies graduated federal rates with a provincial or territorial layer on top, reduced by credits such as the basic personal amount. Residents are taxed on worldwide income, non-residents only on certain Canadian-source income. You report it on a T1 return each year, and employers withhold tax as you are paid.
Check CRA My Account first: it shows whether the refund was issued, the date, and whether it went by direct deposit or cheque. Common reasons are direct deposit to a closed account, a mailed cheque still in transit or sent to an old address, the refund applied to tax you owe for another year, or it being set off against another government debt. Update your banking and address details with the CRA.
No. Care for your own children is a personal cost, so it cannot be deducted on a business statement or through a corporation, even if you work from home or the care is what lets you take on more work. Claim it instead as a child care expense deduction on the personal return of the lower-income spouse. If a corporation pays the bill, the amount is normally treated as a taxable benefit to the employee or shareholder.
Tax makes up a large share of the retail price, and the exact share depends on the province. Three layers stack: federal excise duty on the tobacco, a provincial tobacco tax, and then GST or HST charged on the selling price. Provinces change their tobacco tax with almost every budget, so take the figures from your province's tobacco tax page and the federal excise duty rate schedule rather than from a general article.
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)
