What Sets Us Apart From Other Toronto-Based Firms When Filing Your Small Business Corporation taxes?

SDG’s organized approach to collecting your business information to understand your corporate tax needs in Toronto is fast, efficient, and cost-effective. We usually have our Toronto area clients call for a consultation. We understand what type of Toronto small business you have and what to expect when preparing to file your corporate tax return. We are a paperless office and try to offer these services digitally, so you do not have to waste time emailing or dropping documents at our office. We make it fast and easy to E-file your business corporation taxes. Small business owners need an experienced corporate tax accountant in Toronto that knows the compliance requirements of a small corporation. Our professional CPA firm has exactly that & we are highly responsive to our customers and try to educate them along the way.

T2 Corporation Income Tax Return Explained by Toronto Accountant.

A corporate tax return in Canada is called a T2. Corporations must pay income taxes on their earnings. The Canada Revenue Agency (CRA) has created the T2 Corporation Income Tax Return, for corporations to fill out in order to file their taxes. All Canadian-controlled private corporations must use the T2 to file their taxes annually, based on their fiscal year.

Advantages of Using a Toronto Small Business Corporation Accountant.

A corporate tax accountant in Toronto should know to utilize the small business deduction. This makes claiming income under a corporation highly favourable given the much lower tax rate as opposed to claiming the income personally. If you retain money in the corporation and do not pay it out (Dividends or Salary) then you will not be subject to the higher income tax individuals face.

Effectively after the small business deduction, the income tax rate for a CCPC will be 9% for federal and 3.2% for Ontario-based tax.

Some professionals choose to incorporate their personal service business. Those who choose to do so should be aware that they will not be eligible for the small business deduction and are only allowed specific deductions.

When is a Corporate Tax Return Deadline?

Corporate income tax needs to be filed within six months of the end of the fiscal year. For instance, if your tax year-end date is March 31st, your corporate income tax return must be filed by September 30th.

There are penalties imposed by the CRA if the tax return is filed late. Canadian corporations with annual gross revenue of more than $1 million must internet file their corporate income tax. However, the balance due on the tax return must be paid within 2 months after the end of the tax year using any of the below means:

  • CRA my business account
  • Cheque to CRA
  • Through online banking

Who Has to File a T2?

  • Resident Corporations
  • Tax-Exempt Corporations
  • Non-Profit Organizations
  • Inactive Corporations

What is the Advantage of Working with SDG for Your Corporation Taxes?

  1. Excellent and High-Quality service with attention to your business needs – Our corporate tax accountant Toronto team of experts end your search for accountants near you. We have specific plans for your business and can help you figure out the best way to deal with the taxes. As experienced accountants in Toronto, we ask the right questions to determine which schedules and specific forms apply to your corporation.
  2. Simple-to-use tax organizer makes tax filing a breeze – We understand how filing taxes can be a pain for the average business owner, hence we have prepared a simple tax organizer which takes less time to onboard our clients and makes filing very efficient.
  3. Low cost for tax filing – Get in touch for the best rates for your accounting and tax needs.
  4. Harmonized and Comprehensive approach – We just don’t file your taxes, but also make sure that we are there as a guiding factor in your search.
  5. Analysis of financial statements and making sure the correct disclosures are made to ensure no audits at a later stage.
  6. Tax and Accounting – Correct and accurate disclosures for the deductible, and non-deductible expenses, and correct apportionment under each CCA class.
  7. A T2 Corporate Income Tax form requires using the General Index of Financial Information (GIFI) and it is recommended that a seasoned and professional corporate tax accountant in Toronto is hired so that the information is correctly remitted to the CRA to avoid any audits later.

Why Choose Us?

We are a team of qualified and experienced chartered professional accountants who add value to your business with our skillset and efficiency.

We are here to offer you:

  • A fresh and practical approach to your tax and accounting needs
  • Customized service based on corporation clients
  • Innovative solutions to make things less complicated.

With our ability to decipher and resolve complex tax and accounting issues and proactively engage with our clients, we are a one-stop-shop accounting firm in Toronto. Please contact us directly if you are looking for a competent corporate tax accountant in Toronto to handle your business or corporation’s income tax return.

Tell us your goals and the expertise you need – and we’ll build it!

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Users Feedbacks

“Timely, Reliable and Knowledgeable service. I filed my taxes with Sami and his team and they provided the Next Day service of my return, which is incredible. Also, with the highest refund, I have seen on my taxes to date. I attribute this to their diligence and attention to detail. Very thankful I chose to file my Taxes with them and the fact that they communicated with me along the way.”

Ucal Ukes

“I switched from being an employee to an independent contractor and SDG was able to give me the right tax tips I needed… thanks team I will be coming back to you come tax time.”

Sam Faris

“I would highly recommend SDG Accountant Ltd. as a complete and reliable tax filing return. The agency’s consistency and professionalism were far more superior then other firms I have dealt with before. Their attention to detail and commitment to each client is what sets them apart from other firms. I was very satisfied with their work ethic, and believe it would be very beneficial to any business or individual.”

Brenden Woodrow

“Sami and his firm have provided me with tax preparation and related tax counsel/advice for my business tax returns from 2013 through 2015 and maintaining my business books. He has been knowledgeable, reliable, efficient and demonstrated great integrity across the work he has done for me and my small business. He is also friendly and enjoyable to work with. I will continue to use Sami and his team for my tax and business needs and I highly recommend them.”

Jairah Bernabe

“SDG Accountant gets the job done quickly and with no hassles. When you want to maximize your return within the guidelines of the CRA, SDG is the right choice. They ask for all the information they’ll need up front, and once they have it, your return is ready in the next couple of days. Would highly recommend, I know where I’m going for tax year 2016!”

Trevor Gonsalves

“I had an enjoyable experience with Sami and his team, while I was filing my taxes this past weekend. It was quick, professional, and worth the money as well. I filed them on Saturday and got my T4 summary emailed back to me the next day. I highly recommend SDG Accountant Ltd for your tax needs.”

Bechara Khoury

“Sam, probably the most well dressed, professional, fast and easy accountant. He really did a great job at filing my taxes!”

Dean Sazdanovski

“Sami at SDG Accountant was fantastic. He was very efficient and professional. He thoroughly answered all of my questions and was very knowledgeable. I would highly recommend him and the SDG CPA firm.”

Kristina B

“What a pleasant experience! So professional, timely and efficient. Sami was helpful and knowledgeable, he answered all my questions and concerns. Very happy with the outcome and will be returning!”

Melissa Downman

“SDG accounting is by far the best experience I have ever had. They are quick, knowledgeable and very efficient. I know that I will be going back to Sami and Andrew every year. They went above and beyond! I highly recommended anyone needing tax or accounting services to get in touch with these gentlemen.”

Kayla O’Driscoll

“Approached SDG for a CRA issue I was dealing with. I sat down at their downtown office and in a matter of a few weeks my issue was fully resolved. I cannot thank you enough for all of the help. I look forward to working with your team in the future if the need arises!!!”

Kristen Walsh

“What Stands out about this firm is they’re very personable with their clients. As a dual citizen, I am limited in my options for firms who can handle both U.S. and Canadian returns and file them accurately. I approached SDG and they have a U.S. Tax lawyer on the team who works closely with their CDN office to ensure that foreign tax credits are being claimed properly. I am glad I found this firm as I will be looking forward to working with them for years to come!!!!”

Matt V

“I approached SDG accountant for my accounting and tax needs. I run an online marketing company and wanted to get the best possible tax planning scenario. Sam sat down with me and listened to my goals and what I wanted to accomplish in the next few years. He worked out a strategy and gave me processes to help my business finances be more organized. As an owner of a small corporation, I can trust SDG to deliver professional services at a reasonable price. Thank you guys and I look forward to continued satisfaction.”

Jake Solomon

“Great Experience Working with SDG Accountant. Smooth Process with Effective, Timely and Professional Service. Would Highly Recommend them.”

Scott Woodward

“Amazing service!! I was impressed with the quality of service and professionalism. I would choose SDG Accounting over H&R Block any day… quick and easy nothing beats them!”

Antonia Petre

“The whole experience was amazing!! So timely, professional and efficient, Sami filed my taxes as soon as I had sent him all the necessary documents with zero hassles. He will certainly be my accountant in the next few years! Thank you!”

Rita Houkayem

“SDG Accounting consistently helps me with my personal and small business accounting. It’s difficult to keep up with all my finances and I couldn’t appreciate the help more than I already do. Thanks a lot for the constant advice and returns.”

Waleed Ali

“I have been using the services from Sami as my accountant for years now, and he is an absolute lifesaver. He and his team at SDG Accountant helped me out of a messy situation from my previous accountant and my businesses are thriving now. Much more than just accounting, business and tax advice is second to none. I highly recommend SDG Accountant to anyone who is serious about their business and going to the next level.”

Anthony Alfonsi

“Dear Sami and Andrew Thank you very much Gentlemen for being able to resolve my issues with the CRA. You’ll have been a very professional organization that treats clients’ issues very seriously and with respect. I am so glad that I found you’ll online, my previous company took so long and finally I just gave up on them. I and my wife thank you once again and wish you all the very best. Thank you once again.”


“By far the best tax experience I’ve had. SDG Accountant is an effective and efficient firm that offers professional yet personal service. They took the time and energy to make this an effortless process and got me back more than I could hope for. Very knowledgeable. I will be using them for years to come. Thanks!”

Brandon Booth