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At Tax Filings Canada, we handle every part of your scenario 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 scenario planning services.
No hidden fees. Pay only after your service is completed. The fee is agreed before any work starts.
Yes — scenario planning can be handled entirely online. Tax Filings Canada covers cash-flow forecasts, budgets, KPI dashboards and board-ready reporting for scaling businesses that need finance leadership without the headcount at economical fixed fees, pay-after-service.
Hand over your documents once; we will tell you if anything is missing.
Preparation happens on our desk, not yours — including the scenario planning details that are easy to overlook.
A review meeting or call walks you through the draft before you give the go-ahead.
After sign-off, we file, arrange any balance owing, and close the loop with you.
| 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. Because the fee is fixed and economical, the economics stay predictable whether your file is simple or messy.
There is a version of scenario planning that runs smoothly and a version that turns into correspondence. The difference is rarely luck; it comes down to details any tax professional handling these files weekly learns to check first.
One rule does more work than the rest combined, so it goes first. Amounts received for services not yet performed are included in income when received, with a reserve available only where the statutory conditions are met. A cash balance built out of customer prepayments can carry a tax liability inside it, which is why deferred revenue is not a financing source.
Right behind it comes a rule owners rarely hear about until it bites: Working capital, not profit, is what constrains growth. A business scaling receivables faster than it collects them runs out of cash while the income statement looks healthy. A file is only as strong as what backs it up, which brings us to the next rule: Bank covenants are tested on ratios, not on profit. A business can be comfortably profitable and still breach a working-capital covenant.
What this means for you depends entirely on facts we have not seen yet — which is the honest answer, and the reason a tax professional starts every scenario planning engagement with questions rather than conclusions. Before the first meeting, it helps to pull together the records that let a tax professional see your situation whole.
When you are ready, the process is straightforward — we agree a fixed fee up front, prepare the work, walk you through it before filing, and you pay once the service is delivered.
Providing transparent fixed pricing and high-quality Accounting Firm compliance for your scenario planning requirements.
Coverage: Standard bookkeeping and scenario 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 scenario planning needs?
Providing tailored scenario 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!
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See how our expert Scenario Planning tax and accounting services have helped Canadian businesses save money and stay compliant.
3 years of filings at a technology company preparing to raise in Edmonton, Alberta had never claimed the incentives the work qualified for. The review recovered $61,000.
13 months of records at a professional practice adding partners in Toronto, Ontario had never been reconciled, leaving pricing set by feel, with no visibility into margin by service line. Rebuilding recovered $19,000.
A corporation approaching a covenant test date in Barrie, Ontario was preparing to sell, but no valuation on file to support the price the parties had agreed disqualified the shares. Purification sheltered $360,000 under the exemption.
Remittances at a clinic group acquiring a competitor in Red Deer, Alberta were chronically late because of a monthly report that stopped at the income statement, with no balance sheet and no cash view. Fixing the schedule refunded $107,000.
5 years of returns were outstanding at a fast-growing e-commerce brand in Burnaby, British Columbia, on top of a borrowing drawn for an unrelated personal purchase with the interest claimed against the business. Filing on real numbers removed $36,500 of assessed tax.
A remuneration review at a business whose margin varies by service line in Surrey, British Columbia found a healthy bank balance made up almost entirely of deposits for work not yet performed and saved $19,500 across the corporate and personal returns.
Meet the specialists behind your Scenario 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.
Scenario 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 scenario 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. Working capital, not profit, is what constrains growth. A business scaling receivables faster than it collects them runs out of cash while the income statement looks healthy. 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 consultant answers this differently than a search engine, because the rule has edges. Bank covenants are tested on ratios, not on profit. A business can be comfortably profitable and still breach a working-capital covenant. 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.
Canadian income tax is built up in layers. You total your income for the year, subtract the deductions you qualify for to arrive at taxable income, then apply the federal brackets and your province's brackets to that figure. Each bracket rate applies only to the income sitting inside it, so earning more never retaxes the dollars below. Non-refundable credits, starting with the basic personal amount, come off the tax afterwards. Look up the CRA bracket table for the tax year you are filing.
CRA online filing for 2025 returns opened 23 February 2026 and closes 29 January 2027. Most people file between late February and the 30 April 2026 deadline, and that stretch is what tax season refers to. You can gather documents and prepare a return earlier, but it cannot be sent electronically before the system opens. Employment and investment slips such as T4 and T5 are issued by payers early in the year, and the CRA's Auto-fill service can pull the ones it already holds once you have set up My Account.
Yes. Most people file electronically through NETFILE using CRA-certified software, which submits the return directly and confirms receipt immediately. Filing online is also what makes a fast refund possible: for 2025 returns filed in 2026 the CRA service standard is about two weeks online, against a considerably longer standard for a paper return, and registering direct deposit removes the cheque step. CRA online filing for 2025 returns opened 23 February 2026 and closes 29 January 2027.
The basic personal amount is a non-refundable credit that shelters a base level of income from federal tax, so income below it carries no federal tax. The amount is indexed every year, and the enhanced portion is phased out across the second-highest federal bracket, so taxpayers in the top bracket receive only the base amount. Each province and territory sets its own version. On Form TD1 you claim it so your employer withholds less; claim it with one employer only, or too little tax is withheld.
A non-refundable credit reduces the tax you owe to zero but no further, so any unused part is lost, carried forward, or transferred to a spouse or parent where the rule allows it. A refundable credit is paid to you even when no tax is owed, which is how benefit-style payments reach people with little or no income. Most personal credits on the federal return, including the basic personal amount, are non-refundable.
The notice of assessment is issued once the CRA finishes assessing your return, usually about two weeks after an online filing, and up to 16 weeks for a non-resident return. The quickest way to get it is My Account, where current and prior-year notices can be viewed and downloaded. Paper copies go to the address on file unless you have chosen electronic mail only. If a notice never arrives, ask the CRA to reissue it.
For a return filed online the CRA usually issues the refund in about two weeks. A non-resident return can take up to sixteen weeks. Timing slips if the CRA reviews a claim and asks for receipts, if the return is filed on paper, or if the refund is applied against an existing balance or a debt to another government program. Setting up direct deposit in CRA My Account is the fastest way to receive it.
Usually a tax preparer, tax accountant, or bookkeeper, depending on what they actually do. In Canada no single licence is required to prepare someone else's return, so the titles vary widely and are worth asking about. To transmit your return electronically a preparer needs an EFILE number from the CRA, and to discuss your file with the CRA they must be authorised as your representative, either through My Account or with an AUT-01. Confirm the scope and the fee before work starts.
Yes. The lowest federal bracket rate was reduced and sits at 14% for the 2026 tax year. The other federal rates are unchanged at 20.5%, 26%, 29% and 33%, and each province sets its own rates separately. Because most non-refundable credits are calculated at the lowest rate, their value moves with it. Announced measures are not law until passed, so check the CRA's rates page before relying on any further proposal.
Possibly. CRA My Account carries an uncashed cheque list showing refunds and benefit payments that were never deposited, and the CRA will reissue them; government cheques do not expire. Unfiled returns are the other common cause, because refunds and credits sit unpaid until a return is assessed. You can ask the CRA to reassess earlier years, and provinces run unclaimed property registries for forgotten bank and payroll amounts. Start with My Account.
Employees pay as they earn, through tax withheld from each pay and remitted by the employer. Everyone else pays by instalments during the year or as a single balance payment with the return. For the 2025 tax year the filing and payment deadline is 30 April 2026; self-employed filers have until 15 June 2026 to file, but the payment is still due 30 April 2026. Interest runs daily on anything unpaid after that.
Mostly by claiming what the law already allows: deducting genuine business expenses, taking capital cost allowance on equipment and buildings, carrying losses to other years, and paying the small business rate on active income. A Canadian-controlled private corporation pays the federal small business rate of 9% on its first $500,000 of active business income for 2026, against a federal general net rate of 15%. Multinationals also choose where profit is reported, which transfer-pricing rules police.
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.
