Compilations and Tax

As a business owner, you have huge responsibilities to your customers, employees, vendors and others. Compiling and filing tax returns can be burdensome and take you away from other matters requiring your attention. Even so, Canada Revenue Agency (CRA) has strict deadlines for business and corporate tax filing. This is where we come in. We are passionate about compiling your annual financial statements and preparing and filing your corporate tax returns, while adhering to the Income Tax Act provisions. Our goal is to minimize your tax burden, while maximizing your profits.

When preparing a compilation, we ensure that your books are reconciled to the bank account, obtain necessary information from management or the business owner and prepare all relevant adjusting entries. This information is used to prepare your corporate tax return and provide your business with a Notice to Reader. You will be given a draft copy for review and we will be there to answer your questions. Together we will put strategies in place to identify opportunities to minimize both current and future tax liabilities.

Our full range of compilations and tax services includes, but is not limited to:

  • Adjusting net income to taxable income as requested by CRA (T2 Schedule 1)
  • Calculating and deducting Capital Cost Allowance (tax depreciation) on company’sfixed assets (T2 Schedule 8)
  • Developing integrated tax planning strategies that minimize tax liability
  • GST/HST calculations, preparation and filing
  • Payroll tax calculation and compliance
  • Preparation and electronic filing of Canadian corporation income tax return forbusiness
  • Preparation of General Index of Financial Information (GIFI) as required by CRA (T2 Schedule 100 and 125)
  • Preparation of the Income Statement and Balance Sheet for your company
  • Reporting shareholder information for your company (T2 Schedule 50)

Get In Touch

At Adeolu Ajayi Professional Corporation, Chartered Professional Accountant, we've been serving the accounting needs of Calgary, AB and the surrounding areas for years. If you need help managing any aspect of your home or business's finances, we want to hear from you.

Please fill out this form and let us know how we can be of service. We will happily offer you a FREE initial consultation to determine how we can best serve you.

Thank you for visiting. We look forward to working together!

Chartered Professional Accountant

Adeolu Ajayi Professional Corporation, Chartered Professional Accountant

6, 2235 30 Ave NE,
Calgary, AB T2E 7C7
T: (403) 970-4750
F: (403) 230-4439
E: adeolu@adeoluajayiprofcorp.com

Connect

Google  Yelp  LinkedIn  RSS Feed

© 2021

Search  Site Map  Privacy Policy  Disclaimer
Back to top

Get In Touch

Client Portal Login