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Business Taxes Services In Canada

Are you looking for a reliable firm to help you file business deduction returns? Numeracy Accounting is dedicated to providing the best solutions for small business tax service in Canada. Whether you’re a sole proprietor or a small business owner, we’ve got your back.

Our digital services ensure a smooth small business tax service, making tax filing faster, easier, and more accurate.

Numeracy Accounting Solutions supports small businesses and self-employed individuals, understanding the unique challenges they face. We tailor our services to simplify the small business tax service process, ensuring compliance and efficiency.

Legally Maximize Your Business Tax Deductions!

For over 10 years, Numeracy Accounting Solutions has helped file business returns for many of its clients and helped them save tons in taxes. Whether you are running your business as a sole proprietor, partnership, Corporation, or not-for-profit, we got you covered.

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Tailored Tax Plans to Maximize Your Savings

Our tax service business experts provide customized tax plans to help you save significantly. We review your current situation, identify deductions, and implement the best tax strategies for your business accounts.

We Answer your questions promptly throughout the year

Our tax service business team keeps you informed with the latest tax updates. We offer personalized advice and help you navigate tax regulations smoothly.

Prepare and file your return accurately and on time

We are dedicated to preparing and filing your returns at Numeracy Accounting Solutions. We ensure that it’s accurate and is submitted on time. Our experienced professionals understand the difficulties of tax regulations and are committed to maximizing your eligible deductions and credits.

What can we do for you?

At Numeracy Accounting Solutions, our team is dedicated to providing top-notch accounting and business finance solutions. They include:

  • Self-Employed T2125 Returns
  • Corporate T2 Returns
  • HST Filings
  • Payroll and Source Deductions
  • T3, T4, T4A and T5 Summaries
  • WSIB Filings
  • Bookkeeping
  • Tax Planning

Our Services

We provide tailor-made services for your business taxes to meet the needs of our client’s businesses in Canada. These are:

Self-Employed T2125 Returns

Are you a self-employed individual? Need to prepare for returns on your own? Our business tax service experts specialize in T2125 returns. Our team ensures you accurately report income, expenses, and deductions. This will help to improve your tax position.

Corporate T2 Returns

Handling the complicated corporate tax is crucial, but no worries. At Numeracy Accounting Solutions, we take your corporation’s income tax return (T2 returns) with the latest tax laws to maximize tax efficiency.

HST Filings

Our team also manages the businesses’ harmonized sales tax (HST) filing. We make sure that your filing is submitted on time and accurately. With our service, you can decrease the chances of penalties in your business taxes.

Payroll and Source Deductions

Payrolls play a vital role in the structure of business. We handle your source deductions, including in payroll service, with regulatory requirements.

WSIB Filings

The Workplace Safety and Insurance Board (WSIB) can be challenging. We provide services to assist you in filing to maintain a safe working environment.

Bookkeeping

Accurate financial data is the foundation of any business. Our bookkeeping services ensure your records are always updated, error-free, and precise, helping you maintain financial stability and compliance.

Tax Planning

The core of our service is providing strategic tax plans. We work closely with our team of expert accountants to observe the current scenario and situation and then develop strategies accordingly. We provide the best to maximize the profit and minimize the loss.

T3, T4, T4A and T5 Summaries

Our business tax services team provides reporting services for many forms, like T3, T4, T4A, and T5.

Our T3 experts ensure that all your income and deductions are accurately summarized, especially for those involved in trust.

Looking for pension income, self-employment income, or other sources, T4A ensures reporting services for various income types.

Any business can rely on our service while preparing for T4 forms. We analyze employee income, deductions, and other relevant information.

Investors and individuals receiving dividends trust, at numeracy accounting, our T5 services tend to summarise dividend income accurately to help them meet tax obligations,

The Benefits of our Business Tax Service for your Firms

We mainly provide individual and business approaches to each client. Our primary goal is to invest time to customize plans according to your needs and determine how to serve you best. We know clients’ dates, notifying you before your tax return filing deadline in advance. Apart from this, we also help you with HST GST, QST, or payroll deduction payments.

Regarding Business Taxes in Canada, our expert team at Numeracy Accounting Solution is a knowledgeable and experienced. We specialize in helping small businesses and self-employed individuals meet their tax hurdles efficiently.

Trustfully Comply With the CRA

We understand that dealing with the Canada Revenue Agency (CRA) can be complex and tiring. Our experts are here to take you out of this uneven situation. Whether you want to inquire about tax or resolve any issue, we are here to provide you with the best solutions. At Numeracy Accounting Solutions, you can entirely focus on prioritizing your business while entrusting your CRA-related concerns to our hands.

Contact us to discover how our experts deal with the CRAs for your growing business.

Frequently Asked Questions

Provinces and territories in Canada are subject to two different rates of taxable income – the lower rate and the higher rate. This is in addition to the federal tax rate of 9% for small businesses or 15% for general corporation tax.

The combined federal and provincial corporate tax rate on general active business income ranges between 23% and 31%, depending on the province or territory.

Income Taxes, Sales Tax, Property Taxes, and Social Security Contributions.

Personal income tax is a type of income tax that is levied on an individual’s wages, salaries, and other types of income. Business income taxes apply to corporations, partnerships, small businesses, and self-employed people.

The business tax rate in Canada varies depending on the type of business entity and income level. For corporations, the federal tax rate is typically 15% on taxable income, while provincial tax rates can range from 4% to 16%, depending on the province. Small businesses may qualify for the small business deduction to lower their effective tax rate.

To file business tax in Canada, you need to complete the T2 Corporation Income Tax Return. For sole proprietors, use the T1 personal tax return. Filing is done through the Canada Revenue Agency (CRA) online or by mail. Ensure all income and expenses are reported accurately to avoid penalties.

To get a Business Tax Number (BN) in Canada, you must register your business with the Canada Revenue Agency (CRA). You can apply online, by phone, or by mail. The Business Number (BN) is necessary for tax purposes, including GST/HST registration and filing tax returns.

To get a Business Tax Number (BN) in Canada, you must register your business with the Canada Revenue Agency (CRA). You can apply online, by phone, or by mail. The Business Number (BN) is necessary for tax purposes, including GST/HST registration and filing tax returns.

To obtain a Tax ID number for a business in Canada, you need to apply for a Business Number (BN) from the Canada Revenue Agency (CRA). This number is used for business tax filings, GST/HST registration, and other government-related purposes. You can register your business and obtain the BN through the CRA’s online portal or by phone.