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small business tax

Filing taxes for corporations

At SBQS Ltd., we provide specialized business/corporate tax filing services in Calgary. Whether you’re a start-up or an established small business, we grasp the significance of timely business/corporate tax filing and GST returns. We meticulously handle your income tax filing according to your unique circumstances, ranging from personal to corporate and spanning every nuance in between. Complexity is no barrier; our commitment to exceptional service remains unwavering. Allow us to assist you in minimizing tax liability and maximizing refunds.

Our mission at SBQS Ltd. is to deliver a premium, budget-friendly, and personable service.

Significance of filing your income tax return

Corporate tax filing is preparing and submitting tax returns for businesses, typically corporations, to the relevant tax authorities. This entails providing comprehensive financial information, including income, deductions, credits, and other relevant data, to accurately compute the corporation’s tax liability. The objective is to ensure compliance with federal tax laws and regulations while fulfilling the legal obligation to report and pay corporate taxes. Proper corporate tax filing is vital for maintaining transparency, avoiding penalties, and facilitating accurate financial reporting.

Our mission at SBQS Ltd. is to deliver a premium, budget-friendly, and personable service.

The easiest way to file your taxes!

Please send your document by email, and we will take care of the rest!

Gather your documents
Drop off your documents

No appointment needed! Call and drop by our office at any time

Checklist for corporate income tax filing:

Corporate Information

  • Corporation year-end bank account balance

If this is the first year of corporation tax filing, please provide

  • Corporation name
  • Corporation Number
  • Incorporation date
  • Corporation address
  • Corporation business number
  • Corporation’s primary product or service
  • Shareholders’ name, SIN, and percentage of share
  • Director or President’s Name and Phone Number

If this corporation filed tax before, please provide

  • Previous corporation tax return

Earnings for Corporations

  • Gross Earnings for Corporate Entities

Business Expenditures for Corporations

  • Advertising and promotion
  • Business Insurance
  • Business taxes, licences, and memberships
  • Computer-related expenses
  • Credit card charges
  • Donations
  • Franchise fees
  • General and administrative expenses
  • Home office expenses
  • Interest and bank charges
  • Meals and entertainment
  • Office expenses
  • Professional fees
  • Purchase of materials
  • Rental fees
  • Salaries and wages (attach T4)
  • Shipping and warehouse expenses
  • Subcontracts
  • Supplies
  • Telephone & Internet
  • Training
  • Travel expenses
  • Vehicle expenses (kilometres driven to earn business income)
  • Other expenses
  • Dividend
  • Shareholders’ Dividend (attach T5)
  • Account R/P
  • Account receivable
  • Account payable
  • Cost of Corporation Capital Assets
  • Equipment
  • Others
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