Corporate tax and accounting in Brampton
Brampton is one of Canada's largest trucking and freight hubs, wrapped around warehousing, courier and light-manufacturing operations. That local economy brings a specific set of corporate-tax issues most generic accountants miss.
Trucking corporations deal with fuel tax under the International Fuel Tax Agreement (IFTA), per-kilometre logbooks, and heavy capital cost allowance on tractors and trailers, where the CCA class and the timing of the purchase materially change the first-year deduction. Owner-operators incorporated as single-truck companies also need a deliberate salary-versus-dividend plan, since CPP and personal tax swing significantly on the mix.
As an Ontario business you file the federal T2 with no separate provincial return, but Brampton's warehousing and manufacturing employers routinely cross the Employer Health Tax threshold and carry WSIB at rate groups that reward correct classification. We handle IFTA, the CCA schedule, EHT and WSIB together.