It’s important to understand the impact of business decisions given the need to comply with the complex business tax systems across Canada. Managing federal and provincial corporate income and capital taxes effectively is challenging as Canadian tax laws and regulations can change quickly, and businesses are facing more rigorous scrutiny.
Although companies should be prepared to comply quickly with changes to tax laws and regulations, managing Canadian corporate taxes goes far beyond tax compliance.
Progressive companies consider tax issues in everything they do — from how they structure their business, to their plans for expansion in Canada or around the world. They also seek opportunities to employ tax incentives that can contribute significantly to their bottom line.
Staying on top of new tax regulations and legislation can be a full time job for in-house tax professionals. An adviser can help you understand how to respond effectively to changes.
Please contact us to find out more about how we can help you.