Corporate compliance is strongest when the general ledger, financial statements, tax schedules and shareholder transactions tell the same story.
A connected corporate year-end
A T2 return begins with accounting records, but those records may need a proper close before they are tax-ready. Bank accounts, receivables, payables, payroll, GST/HST, inventory, fixed assets and shareholder activity must be reconciled and reviewed together.
The engagement confirms the legal entity, fiscal year, ownership, business activity and filing history. A focused request identifies what is required and separates missing information from genuine accounting adjustments.
Owner-manager matters
Personal payments, company-paid personal costs, advances, dividends, salary and reimbursements must be identified consistently. Unexplained shareholder balances can create tax exposure and distort the company’s financial position.
Remuneration is not governed by a universal salary-versus-dividend formula. Corporate income, cash needs, payroll obligations, RRSP objectives, other personal income and available tax attributes all affect the analysis.
Continuity beyond filing
Capital-cost-allowance schedules, loss balances, instalments and related-party matters should carry forward on dependable schedules. This continuity reduces rework and makes the next year easier to understand.
The corporation must also monitor its assessment, tax payments, instalments, payroll and sales-tax accounts. Coordinated bookkeeping keeps those records aligned with the year-end.
Services included in a tailored scope
- T2 returns
- Year-end entries
- Financial statements
- Shareholder loans
- CCA schedules
- Loss continuity
- Remuneration review
- CRA account review
The final scope depends on the legal entity, filing history, transaction volume, condition of the records and deadlines. Deliverables, responsibilities and fees are confirmed before work begins.
Frequently asked questions
Can the work be completed virtually?
Yes. Meetings can be held by telephone or secure virtual appointment, with records exchanged through an appropriate secure process.
Is there a physical office in this municipality?
No local physical office is represented unless a verified address is specifically published. Service is available remotely across the GTA.
Can personal and corporate services be coordinated?
Yes. Related filings can be planned together when the engagement and authorization cover both the company and its owner.
How do I begin?
Call 780-667-5250 or use the consultation form with a brief description of the entity, period, service and deadline.