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SDG TAX SERVICES

TORONTO CPA FIRM

As an experienced Toronto CPA firm, SDG Accountant offers the best value in proactive tax planning and error-free taxation preparation for businesses and individuals. Our constant dedication to providing high-quality taxation services and outstanding customer support at affordable rates has won us a fine reputation for excellence. Find out why small businesses and individuals trust the SDG Accountant for Canadian tax services.

 

PERSONAL INCOME TAX PREPARATION

Don’t be led to believe that the latest taxation software is all you need for accurate income tax preparation. Get the financial benefits of having a real taxation professional with years of experience prepare your tax return.

 

CORPORATE INCOME TAX PREPARATION

Make sure your business is taking advantage of all available taxation breaks allowed per the Income Tax Act and let us help you comply with the Income Tax Act. We prepare corporate tax returns and will make sure your business never overpays through our strategic tax planning. We will adjust your financial statements for accounting purposes so they can be correctly entered in schedule 100 (Balance Sheet) and schedule 125 (Income Statement). We can E-File your corporate returns so they are delivered promptly. Some of our tax planning considerations for corporations involves calculating optimal mix of salary vs. dividends, loss carry forward & carryback application, claiming and tracking Capital Cost Allowance (depreciation for tax purposes), section 85 rollover, winding up of a business, related and associated corporations, adding & removing shareholders, and acquiring/selling a business.

 

TAX PLANNING SERVICES

We utilize tax credits and deductions in conjunction with a comprehensive tax planning strategy to minimize tax obligations for businesses and individuals.

 

CRA TAX PROBLEM RESOLUTION

We confront CRA tax problems head-on! If you’re experiencing tax problems, contact us right away for assistance with filing back taxes, releasing a lien or levy, reducing tax penalties, and more.

 

SALES TAX (PST, GST, HST)

We can assist you in determining if you are required to be an HST registrant. We can help you determine your filing frequency based on your business needs. Choosing between the quick and regular methods can affect the operating cash flows of your business. We can help to determine what is eligible to be used as an input tax credit and ensuring you claim them to the maximum.

 

WHAT IS THE TIME LIMIT TO CLAIM YOUR ITCS?

Registrants generally claim their input tax credits (ITCs) when they file their GST/HST return for the reporting period in which they made their purchases. However, you may have ITCs that you did not claim when you filed your return.

Most registrants can claim those ITCs in any future reporting period that is within four years of the reporting period in which the ITC could have first been claimed. The time limit for claiming ITCs is reduced to two years for:

  • listed financial institutions (other than a corporation that is considered to be a financial institution because it has an election in effect to have certain supplies deemed to be exempt financial services); and
  • persons with annual revenues from taxable supplies of goods and services of more than $6 million for each of the two preceding fiscal years.
 

HOW LONG SHOULD YOU KEEP YOUR BOOKS AND RECORDS?

We use books and records to refer to various documents detailing your income and expenses. Usually, you have to keep all sales and purchase invoices and other records for your business operations and GST/HST for six years from the end of the year to which they relate. However, we may ask you to keep the invoices for longer than six years.

For more information, see GST/HST Memoranda Series, Chapter 15 – Books and records.

REQUEST A CONSULTATION OR CALL US AT 416-755-3000

LEARN MORE

About Us

SDG Accountant began in the spring of 2014 as an accounting firm dedicated to servicing clients with tax filing in the Greater Toronto Area. As clients appreciated working with our firm, more referrals were happening and our firm continuously grew in size. Through our customer-focused service, we rely on our client’s satisfaction into attaining more repeat business and referrals.
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Contact Us

Office Locations
2 Bloor West Suite 1900, Toronto, ON M4W 3E2, Canada

Phone Number

Canada Office: + 1 (416) 755-3000
USA Office: +1 (727) 367-1040

Fax Number

Office: + 1 647 - 946 - 4172

Email Adress
[email protected]

Copyright 2020 SDG Accountant LTD. | All Rights Reserved
  • Home
  • Services
    • Accounting Services in Toronto
      • Accounting & Bookkeeping
      • On-site Bookkeeping / Outsourced Bookkeeping
      • Payroll Services
      • Outsourced CFO & Controller Services
    • Canadian Tax
      • Corporate Tax Accountant Toronto
      • Personal Tax Accountant in Toronto
    • US Tax
      • Individuals
      • Expatriate Tax
      • U.S. Tax and Canadian Tax
      • Businesses
    • Business Advisory Services
    • Business Registration
    • CRA / IRS Representation
      • CRA Tax Audit Support
      • VDP – Voluntary Disclosure Program
    • Notice to Readers
  • Our Team
  • Our Clients
    • Online Businesses and E-Commerce
    • Small Business Accountant in Toronto
    • Car Dealerships
    • Land Developers and Construction Companies
    • Law Firms
    • Doctors and Dentists
    • Residential And Commercial Real Estate Landlords
    • Real Estate Professionals
    • Retailers
    • Manufacturers And Distributors
    • Long-haul Truck Drivers
    • Not-for-Profit Organizations
    • Restaurants
    • Gas Stations
  • Resources
    • About Us
    • Testimonials
    • Blog
    • Careers
    • Canadian Tax Filing Deadlines and Due Dates
    • Filing Information
  • Contact Us
    • Request A Consultation
    • Locations
SDG Accountant