- Trusted Corporate Tax Experts in Toronto
Corporate Tax Accountant Toronto
NRK Accounting provides reliable and accurate corporate tax filing services in Toronto and North York, helping incorporated businesses stay compliant, reduce tax liability, and avoid CRA issues. Whether you’re a newly incorporated company or an established business, we ensure your T2 corporate tax return is filed correctly, on time, and with every eligible deduction and credit applied.
As a trusted corporate tax expert in Toronto, we simplify the tax process, eliminate guesswork, and build tax-efficient strategies that help your business keep more profit. From T2 corporate tax filing to year-round tax planning, our corporate tax services in Toronto are built to reduce your liability and keep you CRA-compliant.
Our team also supports ongoing year-round compliance such as bookkeeping services for small businesses and HST filing services, ensuring your corporation is always ready for tax season. For owners who need both T2 and T1 completed, we also provide personal tax filing Toronto services in one streamlined service.
- CRA Compliant
- Same-Day Response
- Free Consultation
Expert Corporate Tax Filing for Toronto Small Businesses
We help corporations stay on top of reporting and CRA deadlines through:
T2 Corporate Tax Return filing
Accurate and timely T2 filing for all corporation types
Financial statement preparation (Notice to Reader)
Professional financial statements prepared to CRA standards
CRA program registrations (HST, Payroll, BN setup)
Complete business number and tax account registration
Corporate tax planning & income strategies
Strategic planning to minimize tax liability
Adjustments, late filings & past-year corrections
Corrections and catch-up filing services
Salary vs dividend tax strategy for owners
Optimize your compensation structure
CRA audits, reviews & communication support
Full representation during CRA reviews
Whether your year-end bookkeeping is ready — or needs cleanup — we handle everything start to finish.
Minimize Tax & Maximize Corporate Deductions
We ensure your business claims every eligible deduction such as:
- Salaries & subcontractors
- Rent, utilities & office supplies
- Vehicle, home-office & travel costs
- Software, equipment & tech
- Professional & legal fees
- Marketing & advertising costs
With accurate bookkeeping and documentation support, your business saves more while staying fully CRA-compliant.
Corporate Tax Filing Deadline in Ontario
As of July 1, 2026, Ontario reduced its small business corporate tax rate from 3.2% to 2.2%, bringing the combined federal and Ontario rate down to 11.2% on the first $500,000 of active business income for eligible CCPCs. Income above that threshold is taxed at the general combined rate of 26.5%. We ensure your corporation is structured to take full advantage of the Small Business Deduction and the lowest available rate.
Corporations must:
6
Months
File T2 within 6 months after year-end
2-3
Months
Pay taxes owing within 2–3 months
Avoid Penalties & Interest
We help prevent penalties by keeping your filings on schedule and properly reconciled.
Integrated Corporate + Personal Tax Strategy
We coordinate T2 corporate tax and T1 personal tax so shareholders are not over-taxed.
One Accountant = Fewer Mistakes + Bigger Savings
Smart dividend vs salary planning can increase take-home income, reduce overall tax burden, and build RRSP and CPP benefits where needed. Using one accountant for both corporate and personal taxes reduces errors and ensures your tax strategy is fully coordinated.
Increase Take-Home Income
Optimize salary and dividend mix for maximum benefit
Reduce Overall Tax Burden
Strategic planning to minimize total taxes paid
Build RRSP Benefits
Maximize retirement savings opportunities
CPP Planning
Strategic pension contribution planning
FAQs – Corporate Tax Services in Toronto
Common questions about corporate tax filing
Do I need to file a T2 return if my corporation had no income?
Yes. Every incorporated business in Canada must file a T2 corporate tax return each year, even with zero income or activity. Filing a “nil” return keeps your corporation compliant and avoids CRA penalties.
What is the corporate tax rate in Ontario?
For eligible small businesses (CCPCs), the combined federal and Ontario rate is 11.2% on the first $500,000 of active business income as of July 1, 2026 (reduced from 12.2%). Income above that threshold is taxed at the general combined rate of 26.5%. We help structure your corporation to access the lowest available rate.
When are corporate taxes due?
Your T2 return is due six months after your corporation’s fiscal year-end, but any taxes owing must be paid within two to three months of year-end to avoid interest. We track these deadlines for you.
Can you handle CRA audits or review letters?
Yes. We provide full CRA audit and review support — responding to letters, organizing documentation, and representing your corporation to minimize penalties and resolve issues quickly.
Do you handle both business and owner taxes?
Yes. We coordinate your T2 corporate return with your personal T1 return, optimizing your salary vs dividend mix so you’re not over-taxed — one accountant handling both for fewer mistakes and bigger savings.
Book a Free Corporate Tax Consultation
Based in North York — proudly serving Toronto & the GTA
Get expert guidance on your corporate tax needs
Location
40 Wynford Drive, Suite 211 North York, Toronto
Phone
416-577-4301
info@nrkaccounting.com