Corporate Accounting You Can Rely On
Incorporated businesses need more than just a tax filing. We deliver year-round financial oversight, compliance support, and strategic planning to keep your corporation on solid ground.
At a Glance
Who It’s For
- Canadian-controlled private corporations (CCPCs)
- Holding companies and multi-entity structures
Includes 7 service areas
Deep experience with CCPCs and the small business deduction
Integrated personal and corporate tax planning for owner-managers
Who Is This For?
This service is designed for clients in the following situations.
- Canadian-controlled private corporations (CCPCs)
- Holding companies and multi-entity structures
- Professional corporations (medical, legal, engineering)
- Growing businesses preparing for financing or expansion
What’s Included
A clear overview of what you receive when you work with us.
- T2 corporate income tax return preparation and filing
- Year-end financial statement preparation (Notice to Reader, Review Engagement)
- Corporate tax planning including small business deduction optimization
- Shareholder remuneration planning (salary vs. dividends)
- HST return preparation and compliance
- CRA audit support and representation
- Annual minutes and corporate compliance reminders
Why Choose Veleron Accounting
What sets our approach apart.
Deep experience with CCPCs and the small business deduction
Integrated personal and corporate tax planning for owner-managers
Timely filing and proactive deadline management
Clear communication in plain language, not jargon
Common Questions
Find answers to common questions about our accounting services.
A Notice to Reader (NTR) is a compilation of financial statements based on information provided by management, with no assurance from the accountant. A Review Engagement includes limited assurance — the accountant performs analytical procedures and inquiries to assess whether the statements are plausible. Lenders and investors often require a Review Engagement for financing applications.
Both options have trade-offs. Salary creates RRSP contribution room and CPP pensionable earnings, and is a deductible expense for the corporation. Dividends are taxed at a lower personal rate through the dividend tax credit but do not generate RRSP room. Most owner-managers benefit from a combination of both, optimized based on their personal and corporate tax situation.
A T2 corporate return is due six months after the corporation's fiscal year-end. However, any balance owing must be paid within two or three months of year-end, depending on the corporation's size and taxable income. Late filing penalties and interest apply if either deadline is missed.
Explore Our Other Services
We offer a full range of accounting services for individuals and businesses across Canada.
Ready to Get Started?
Book a consultation with our team to discuss how Veleron Accounting Inc. can support your financial goals.