Tax
COMPLY WITH TAX RULES AND TAKE ADVANTAGE OF ALL YOUR TAX-SAVING OPPORTUNITIES
Why Choose North Brook
Did you know that most business owners overpay in taxes? As rules and regulations are constantly evolving and most business decisions pose tax implications, tax-saving opportunities can be easily overlooked. This is where we come in. At North Brook, we stay on top of tax legislative changes and work closely with our clients to understand their tax situation and goals. We develop sound tailored solutions to maximize deductions and credits, ensure compliance, minimize exposure and strategically time business transactions to optimize results.
Tax Compliance Services
- Personal tax returns (T1)
- Corporation tax returns (T2)
- Trust tax returns (T3)
- Partnership tax returns (T5013)
- CRA audit assistance
Tax Planning Services
- Owner-manager compensation (salary vs dividend)
- Income and capital tax minimization
- Advisory on tax deferral
- Advisory on proposed transactions
- Research and development credit (SR&ED)
GST/HST Filing
Your business may be required to register, collect and remit GST/HST on a periodic basis and North Brook is here to help every step of the way. We can determine your effective date of registration, your frequency to file (annual, quarterly or monthly), your filing and payment due dates and most importantly, your GST/HST refund or balance owing. There are two main ways to prepare and calculate your GST/HST return and we will always choose the best method for you.
T4 Filing
Employers are required to file a T4 Information Return (T4 Summary and T4 Slips) to report remuneration paid. North Brook can prepare and file your T4 summary and slips as well as reconcile your CPP, EI and Income Tax deductions against remittances made throughout the year. Any shortfalls are disclosed in the T4 summary and should be paid to the CRA right away.
T5 Filing
The T5 return (T5 Summary and T5 Slips) reports various types of investment income, such as dividends, interest and royalties, paid to residents of Canada. Contact the North Brook team today to electronically prepare and file your T5 returns with the CRA.