Tax Services

Corporate Tax and Personal Tax Services for Businesses, Professionals and Individuals in Canada

Tax compliance and tax planning are essential components of sound financial management. Whether you are a business owner, incorporated professional, investor or individual taxpayer, effective tax planning helps ensure compliance with Canadian tax legislation while optimizing after-tax outcomes.

ASN Chartered Professional Accountants provides comprehensive corporate tax services and personal tax services to clients across Canada. Our approach combines technical tax expertise with practical business understanding to support compliance, minimize tax exposure within the law, and align tax strategies with long-term financial and business objectives.

We work with private companies, public companies, Capital Pool Companies (CPCs), non-profit organizations, professional corporations and individuals with complex tax reporting requirements.

Corporate Tax Services

We prepare and file corporate tax returns (T2 returns) for a wide range of entities, ensuring compliance with the Income Tax Act and applicable reporting requirements.

Our corporate tax compliance services include:

  • Preparation of T2 corporate income tax returns
  • Review of financial statements for tax purposes
  • Calculation of taxable income and tax adjustments
  • Management of carryforwards (losses, credits, deductions)
  • GST/HST reporting coordination (where applicable)
  • Coordination with year-end financial reporting

We ensure filings are accurate, timely and aligned with both accounting and tax requirements.

Corporate Tax Planning & Advisory

Effective tax planning is a key component of business strategy.

We assist businesses in identifying tax-efficient structures and strategies that support growth, reinvestment and long-term value creation.

Our tax planning services include:

  • Corporate structure optimization
  • Owner-manager remuneration planning (salary vs dividends)
  • Dividend planning strategies
  • Tax deferral opportunities
  • Intercompany transactions and structuring
  • Shareholder planning
  • Succession and exit planning considerations
  • Acquisition and business sale planning

Our focus is on practical, compliant strategies that align with your business objectives.

CRA Tax Compliance & Advisory Support

Tax compliance involves more than filing returns. Businesses must also respond to CRA inquiries, reviews and audits.

We provide support with:

  • CRA correspondence and notices
  • Tax review assistance
  • Audit support and representation
  • Response to information requests
  • Voluntary disclosures (where applicable)

Our goal is to help clients navigate CRA interactions with clarity and confidence.

Personal Tax Services

We provide personal tax services in Canada for individuals with simple to highly complex tax situations.

Our personal tax clients include business owners, incorporated professionals, executives, investors and individuals with multiple income sources.

Personal Income Tax (T1 Tax Returns)

We prepare and file personal income tax returns (T1 returns) accurately and efficiently, ensuring compliance with CRA requirements.

We assist with:

  • Employment income reporting
  • Self-employment and business income
  • Investment income and capital gains
  • Rental property income
  • Foreign income reporting
  • Tax credits and deductions
  • Multi-jurisdictional tax considerations

Tax Planning for Individuals

Personal tax planning is essential for optimizing after-tax wealth and long-term financial outcomes.

We provide tax planning services related to:

  • Income splitting strategies
  • RRSP and TFSA planning
  • Dividend vs salary planning for business owners
  • Capital gains planning
  • Real estate tax considerations
  • Retirement planning strategies
  • Estate and wealth transfer planning

Our approach focuses on aligning tax efficiency with personal financial goals.

Business Owners and Professional Corporations

We work extensively with incorporated professionals and owner-managed businesses, where personal and corporate tax planning are closely connected.

Our services support:

  • Doctors, dentists and healthcare professionals
  • Lawyers and legal professionals
  • Consultants and contractors
  • Real estate professionals
  • Technology founders and entrepreneurs

We help integrate corporate tax planning with personal tax strategies to improve overall tax efficiency and cash flow management.

SR&ED Tax Incentives (Scientific Research & Experimental Development)

The Scientific Research and Experimental Development (SR&ED) program is one of the most significant federal tax incentive programs available to Canadian businesses engaged in innovation, development, or technological advancement. It provides tax credits and refunds to corporations that conduct eligible research and development activities in Canada.

ASN Chartered Professional Accountants assists businesses in identifying, documenting, and supporting SR&ED claims to ensure compliance with CRA requirements while maximizing eligible tax credits.

We work with technology companies, engineering firms, manufacturing businesses, clean energy innovators, software developers, and other organizations engaged in experimental development or process improvement activities.

What is SR&ED?

The SR&ED program, administered by the Canada Revenue Agency (CRA), encourages Canadian businesses to conduct research and development in Canada by offering tax incentives for eligible expenditures.

SR&ED activities generally include:

  • Experimental development to create or improve products, processes or materials
  • Applied research aimed at advancing scientific knowledge
  • Basic research conducted to expand technical understanding
  • Development of prototypes or pilot projects
  • Systematic investigation or search carried out in a field of science or technology

Eligible expenditures may include salaries and wages, contractor costs, materials consumed or transformed, and overhead expenses directly related to SR&ED activities.

SR&ED Tax Credits in Canada

SR&ED tax incentives can result in significant financial benefits for eligible corporations, including:

  • Refundable and non-refundable investment tax credits
  • Federal SR&ED tax credits (up to applicable rates based on corporation type)
  • Provincial SR&ED incentives (varies by province)
  • Cash refunds for qualifying Canadian-Controlled Private Corporations (CCPCs)
  • Reduction of corporate income tax payable

Proper structuring and documentation of SR&ED claims is essential to ensure compliance and maximize available benefits.

Who is Eligible for SR&ED?

SR&ED incentives are available to a wide range of businesses, including:

  • Technology and software development companies
  • Manufacturing and industrial businesses
  • Engineering and product design firms
  • Clean technology and renewable energy companies
  • Start-ups and scaling innovation-driven businesses
  • Businesses improving production processes or systems

Eligibility is based on the nature of the work performed, not the industry alone.

Why Choose ASN Chartered Professional Accountants

Tax compliance and planning require more than technical accuracy—they require practical insight, proactive planning and responsiveness.

Clients choose ASN for tax services because we provide:

Integrated Tax and Accounting Expertise

Our tax services are closely integrated with audit, accounting and advisory functions, ensuring consistency across financial reporting and tax compliance.

Big Four Experience

Our professionals bring experience from leading international accounting firms and understand complex tax and reporting environments.

Practical Business Focus

We focus on delivering tax solutions that align with business operations, cash flow needs and long-term objectives.

Proactive Planning Approach

We emphasize forward-looking tax planning rather than reactive compliance.

Partner-Led Service

Senior professionals remain involved in engagements to ensure quality, responsiveness and continuity.

Industries We Serve

ASN Chartered Professional Accountants provides tax services to a broad range of industries and organization types across Canada.

Our clients include:

  • Private Companies
  • Public Companies and Reporting Issuers
  • Capital Pool Companies (CPCs)
  • Companies Preparing for IPOs and Public Listings
  • Family-Owned Businesses
  • Private Equity Portfolio Companies
  • Professional Corporations
  • Holding Companies
  • Technology and Software
  • Mining and Natural Resources
  • Energy and Oil & Gas
  • Manufacturing
  • Construction
  • Real Estate Development
  • Financial Services
  • Healthcare and Medical Professionals
  • Hospitality and Retail
  • Transportation and Logistics
  • Renewable Energy
  • Non-Profit Organizations
  • Charitable Organizations

Our industry experience enables us to tailor tax strategies to each client’s operational structure and reporting requirements.

Frequently Asked Questions

What corporate tax services do you provide?

We provide corporate tax return preparation (T2), tax planning, advisory services and CRA compliance support for a wide range of businesses in Canada.

When is a corporate tax return due in Canada?

Corporate tax returns are generally due six months after the fiscal year-end, though taxes payable may be due earlier depending on installment requirements.

Do you help with CRA audits?

Yes. We provide support for CRA reviews, audits, correspondence and voluntary disclosures where required.

Can you help reduce corporate tax legally?

Yes. We provide tax planning strategies designed to minimize tax exposure within the framework of Canadian tax law, including structuring, remuneration planning and deferral strategies.

Do you provide personal tax services for business owners?

Yes. We provide integrated corporate and personal tax planning for owner-managed businesses and incorporated professionals.

Strategic Tax Planning for Long-Term Success

Effective tax planning supports stronger financial outcomes, improved cash flow and better decision-making for individuals and businesses alike.

ASN Chartered Professional Accountants delivers corporate and personal tax services that combine technical expertise with practical business insight, helping clients remain compliant while optimizing their tax position.Whether you require corporate tax compliance, personal tax preparation or proactive tax planning, ASN provides responsive, partner-led service designed to support your financial and business objectives.