Comprehensive corporate tax and accounting services for businesses that have outgrown smaller firms or who need a deeper relationship and more personal attention than they are currently getting. From T2 corporate tax returns and dividend planning to M&A support and voluntary disclosures, we help with CRA compliance while working to minimize your tax burden through strategic year-round guidance.
Strategic financial leadership and tailored CFO expertise for public and private companies, helping you strengthen cash flow, forecasting, and long-term growth with local expertise in Toronto and the Greater Toronto Area.
T2 Corporate Tax Return Preparation with Complete CRA Compliance
Dividend Planning and Shareholder Remuneration Optimization
Tax Credits and Incentives to Reduce Your Corporate Tax Bill
Corporate Structure Optimization for Tax Efficiency and Exit Planning
M&A Tax Support for Sellers Navigating Complex Transactions
Excise Tax Management (HST, PST, GST) with System-Level Review
Voluntary Disclosure and Compliance Resolution for Past Issues
International and Cross-Border Corporate Tax Compliance
Proactive Tax Planning to Prevent $300,000+ Mistakes
When should you restructure your corporate holdings? How do you time a major equipment purchase for optimal CCA treatment? What happens to your tax position when bringing in new shareholders or planning an exit?
Traditional approaches focus narrowly on annual compliance: filing your tax returns and moving on. Forbes Andersen takes a different approach. Our Strategic Tax Partnership services provide hands-on guidance throughout every stage of your business growth, helping you make decisions that minimize tax burden while positioning you for long-term success.
We work alongside you to:
Whether you're a multi-million dollar business managing multiple locations, a founder planning an eventual exit, or a corporation navigating complex tax situations, our advisory services ensure you're not just compliant, you're strategically positioned for success.
Unlike some larger firms that may treat mid-market clients as a lower priority, Forbes Andersen welcomes businesses in the $10-$50 million revenue range as valued clients. You will be dealing with a firm where the partners and managers provide comprehensive client service; you won’t be subject to fragmented attention from junior staff. For growing businesses, this continuity means you get strategic guidance from experts who understand your operations, not transactional processing from teams that change annually. After all, you pay for the partners’ time… shouldn’t you get to talk to them?
Many accounting firms either lack the ability to handle complex corporate situations or treat their clients as afterthoughts. Forbes Andersen specializes in serving companies that have outgrown smaller providers but need more attention than many large firms provide. Our team includes CPAs with deep expertise in Canadian corporate tax law, CRA regulations, excise tax compliance, and business structure optimization, combining deep technical knowledge with boutique-firm attention.
Forbes Andersen has a top-heavy organizational structure, by design, meaning more direct involvement from partners and managers, and fewer junior staff touch points. Since 1982, we've guided hundreds of mid-market businesses through complex tax situations, M&A transactions, and growth transitions. When you work with Forbes Andersen, you gain strategic partners who handle your business with care rather than merely processing tax returns, and who understand that AI may try to handle compliance but relationships and deep business understanding remain irreplaceable.
We aren't here to just file your corporate tax returns. We focus on proactively identifying optimization opportunities, preventing costly mistakes through deeper business understanding, and providing year-round guidance that positions you for sustainable growth while ensuring CRA compliance.
Whether you're a multi-location business operating all across Canada, a founder planning your exit strategy, a corporate group with a complex structure, or a business requiring specialized compliance, Forbes Andersen delivers customized solutions backed by decades of expertise.
We've built our corporate tax process to be thorough, efficient, and valuable for businesses managing complex tax obligations. Here's what to expect when you work with Forbes Andersen:
We begin with a complimentary consultation to understand your business operations, current tax situation, corporate structure, and specific concerns. This conversation helps us assess complexity, identify immediate opportunities, and determine how we can best support your business. Bring your questions about tax planning, structure optimization, dividend strategies, or upcoming transactions.
Based on our discovery call, we request relevant financial statements, prior tax returns, and corporate documents. You can securely upload information through our client portal, and we conduct a comprehensive review to understand your tax position, identify any compliance gaps, and spot optimization that detailed tax position analysis may reveal.
After reviewing your situation and understanding your goals, we provide a customized plan and pricing. Whether that's annual compliance work, ongoing strategic advisory, comprehensive tax planning, or specialized services like M&A support or estate planning. Every client has unique tax needs and we customize our work plan based on your specific requirements.
Forbes Andersen provides specialized corporate tax services to:
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What's the difference between a corporate tax accountant and a general accountant?
Corporate tax accountants specialize in business taxation including T2 returns, dividend planning, shareholder compensation strategies, corporate structures, and CRA compliance specific to corporations. General accountants may handle bookkeeping, financial statements, and personal taxes but often lack depth in complex corporate tax situations like reorganizations, M&A transactions, excise tax optimization, or multi-jurisdiction compliance. Forbes Andersen focuses on corporate tax clients where specialized expertise creates measurable value.
When is the T2 corporate tax filing deadline?
T2 corporate income tax returns are due six months after your corporation's fiscal year-end. For example, if your fiscal year ends December 31, your tax return is due June 30. However, any balance owing must bepaid within two months of year-end (February 28 or 29 on leap years for December 31 year-end) to avoid interest charges. Canadian-controlled private corporations eligible for the small business deduction have three months to pay. Missing deadlines results in penalties of 5% of unpaid tax plus 1% per month (maximum 17%), plus interest on any outstanding balance, with escalating penalties for subsequent late filings.
Should I pay myself salary or dividends?
The optimal mix depends on your personal tax situation, corporate income level, age, other income, need for RRSP contribution room, CPP/QPP considerations, and future plans. Salary creates RRSP room and CPP benefits but the benefits are funded by the corporation. Dividends avoid payroll costs but don't generate RRSP room. We analyze your specific situation including personal income needs, corporate tax rate, and long-term goals to determine the strategy that minimizes your combined personal and corporate tax burden while achieving your goals.
What is a corporate reorganization and when do I need one?
Corporate reorganizations restructure legal entities for tax efficiency, estate planning, or business transitions. Common scenarios include creating holding companies to protect assets, implementing estate freezes to cap your estate value, restructuring before bringing in investors or partners, or preparing for business sale. Reorganizations use provisions like Section 85 rollovers to defer tax on asset transfers. You typically need a reorganization when planning major transitions, simplifying complex structures, or optimizing for eventual exit.
How does Forbes Andersen differ from larger accounting firms?
Many larger firms operate with pyramid structures where junior staff handle most client work, and annual fee thresholds determine whether you receive meaningful attention. At Forbes Andersen, we've built our practice around a model that prioritizes direct partner and manager involvement regardless of engagement size. You're not just paying for compliance work; you're investing in expertise and relationships. Our clients work with long-term teams who understand their business deeply, not rotating staff who start fresh each year. We welcome mid-market businesses as ideal clients, providing sophisticated tax strategy with the personal attention and continuity that creates real value beyond the annual filing.
What if I've fallen behind on corporate tax filings?
The CRA offers the Voluntary Disclosure Program (VDP) for businesses catching up on overdue filings. We help clients resolve gaps caused by controller turnover, previous filing failures, or business disruptions. Our approach includes understanding what should have been filed, preparing missing returns, navigating VDP to minimize penalties and interest, and establishing systems to prevent future issues. We've successfully brought businesses current after three years of overdue filings, avoiding significant penalties through proper VDP procedures.
Stop worrying about missed tax credits, CRA compliance gaps, and suboptimal tax strategies. Forbes Andersen's specialized team handles everything from basic T2 filing to complex reorganizations, Merger & Acquisition support, and strategic tax planning. Schedule your free consultation today and discover how we can minimize your tax burden while positioning your business for sustainable growth.
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