Corporate Tax Services
Corporate Tax Services
ASN can assist you in filing your corporate income taxes in a timely manner. We are backed by team of professionals and tax experts who do their best to ensure accurate and timely return filings.
According to Canada Revenue Agency and as given on CRA website, all resident corporations (except crown corporations and resident charities) must file a corporate income tax (T2) return every tax year even if there is no tax payable. This includes but is not limited to the following:
- Non-profit organizations
- Tax-exempt corporations; and
- Inactive corporations
A non-resident corporation must file a return if, at any time in the year, one of the following situations applies:
- it carried on business in Canada
- it had a taxable capital gain
- it disposed of taxable Canadian property
This requirement applies even if the corporation claims that any profits or gains realized are exempt from Canadian income tax due to the provisions of a tax treaty.
ASN Management consultants can assist you with all your filing requirements, ensures tax liabilities are accurately computed and returns are filed in a timely manner to avoid any penalties.