Simplifying Your Business Finances with Expert Tax & Accounting Solutions for Ontario Businesses
All incorporated companies in Canada need to prepare a T2 corporate tax return, regardless of whether it generated profits or not. Failure to file on time attracts penalty charges from the CRA regardless of reasons such as “we forgot”. Our firm will ensure that this never occurs, while ensuring that your firm gets maximum allowable deductions.
- T2 Corporate Tax Filing, Completed Correctly and Timely
- Actual, Specified Deductions Often Overlooked by Many Owners
- Filing of HST/GST Taxes Managed at One Location
- Flat-Rated Pricing – Never an Unexpected Invoice
Comprehensive Tax & Accounting Solutions for Growing Businesses
Financial management for any business goes beyond managing the books; it involves being proactive about meeting the deadlines set by the CRA, taking advantage of all the deductions you are entitled to, and having solid financial reports that can stand up to scrutiny should anyone, whether it’s a bank, an investor, or an auditor, ask to review them. Our Business Tax & Accounting Package is designed to help you remain compliant, reduce the amount you pay, and understand where you stand financially all throughout the year.
Regardless of whether you have an active corporation, a holding corporation, a new corporation, or an inactive corporation that is still obligated to file, we prepare your T2 accurately right the first time and identify areas that most owners miss in a once-a-year tax preparation process.
- OUR SERVICES INCLUDE
Everything You Need to Manage Your Business Finances
- T2 Corporate Tax Return Filing – Preparing and filing your T2 return, complete with appropriate schedules for your corporation’s size and structure. On time every time, meeting the CRA deadline of six months following your fiscal year-end.
- Year-End Financial Statements – Financial statements that can be compiled or prepared under review engagement standards, ensuring they will satisfy both CRA and lending institution standards for financial reporting.
- Corporate Tax Planning & Strategy – Ongoing, year-round tax planning services to ensure you pay as little tax as possible while complying with all legislation, including qualification for the Ontario Small Business Deduction and SR&ED tax credits when applicable.
- HST/GST Return Filing – Calculation and filing of accurate HST/GST returns which are reconciled from your bookkeeping records for your sales tax and corporate filings.
- CRA Audit & Review Services – Assistance with CRA reviews and audits of your company’s files, representing you directly and providing all required documentation.
- Ongoing Compliance Services – Ensuring that all of your filing deadlines and remittances are on schedule on your behalf, even if that includes filing for inactive or zero income corporations.
- Incorporation & Business Structure Advisory Services – Assisting with business structures, including sole proprietorship versus incorporation and advising regarding the suitability of your current share structure and associated corporation status if you are incorporated.
- HOW WE WORK
A Simple Process Designed Around Your Business
01
Consultation
We begin by understanding your business, financial goals, and accounting requirements.
02
Financial ReviewOur experts review your records, identify opportunities, and assess your current financial position.
03
Strategy & ImplementationWe prepare customized tax and accounting solutions that align with your business objectives.
04
Ongoing SupportReceive continuous financial guidance, reporting, and compliance support as your business grows.
- WHO WE SERVE
Trusted Corporate Tax & Accounting Support for Every Type of Business
At Veritas Taxes, we deliver precise, forward-thinking financial strategies that help individuals and businesses stay compliant, grow confidently, and plan effectively for the future. Our team combines deep expertise with modern technology to simplify every aspect of your accounting and tax process.
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- Why Choose us
Delivering Clarity, Confidence, and Results
Take the first step toward smarter investing and long-term financial growth with expert, personalized guidance.
Proven Success
- 99% Client Satisfaction Rate, measured every year
- 80+individuals and businesses served across the GTA
- A consistent, error-free filing track record
Expert Guidance
- 10+ Years of Combined CPA & Advisory Experience
- Advice tailored to Ontario tax rules and CRA requirements
- Direct access to your CPA, not a rotating call centre
Fully Transparent
- Clear & Simple Financial Insights
- No Hidden Surprises, Full Clarity
- FAQ’s
Everything You Need to Know
Our clients trust us for reliability, transparency, and consistent financial results. Here’s what they have to say about working with Veritas Taxes & Advisory Inc.
What services do you offer at Veritas Taxes & Advisory Inc.?
We provide personal tax filing, corporate tax filing, bookkeeping, payroll management, business tax and accounting, financial reporting, and strategic advisory/CFO-level services for individuals, entrepreneurs, and mid-size businesses within the GTA region.
What is the deadline for personal income tax filing in Canada?
The deadline for the 2025 personal tax return in Canada is April 30, 2026. Even if the deadline for filing is later, you still have to pay any amounts owing by April 30.
What is the corporate tax filing deadline in Ontario?
Generally, the deadline for the corporate tax return is 6 months after the corporation’s fiscal year-end. However, any amount owing is usually due either 2 or 3 months after the year-end, depending on whether the small business deduction is available for the corporation. We will be able to determine your specific dates depending on your fiscal year.
What documents do I need to prepare for filing my personal tax return?
Typically, you will need T4/T4A slips, T5 slips for investments, receipt for RRSP contributions, medical expenses receipts, tuition slips, and self-employment or rental income receipts. We will provide you with a customized list of documents according to your specific situation.
How can I maximize my tax refund?
The key to maximizing your refund is claiming all of your deductions and credits that are available to you – RRSP contributions, medical expenses, childcare expenses, home office expenses, and others. Our team will analyze your overall financial situation and make sure that you take advantage of all of the tax-saving opportunities available to you.
How do I get started with Veritas Taxes & Advisory Inc.?
Just book a consultation call with us! We will get to know about your financial situation and objectives and suggest a combination of the services tailored specifically for you.
What happens if I miss the deadline for filing my tax return?
Missing the tax deadline results in a late-filing penalty and interest charges on any tax owing. If you missed your deadline for filing taxes, we will help you to file as soon as possible and, where applicable, apply for voluntary disclosure through CRA.
Can you help me file back taxes or missed returns for previous years?
Yes, we regularly help our clients catch up on multiple years of unfiled returns, correct previous mistakes and communicate with CRA on your behalf to mitigate penalties.
What are the differences between filing taxes as self-employed vs incorporating my business?
Income of the self-employed individual is subject to personal tax rates. Corporate income is taxed at the corporate tax rates (which tend to be lower), but corporate taxation requires additional reporting obligations and liabilities are isolated. We can help you decide on the most suitable form for your income level.
Do you assist with HST/GST filing and remittance?
Yes, we assist our clients with registering, filing, and remitting HST/GST taxes on the regular basis according to CRA reporting periods.
What bookkeeping services do you offer for small businesses?
We offer invoicing, expenses tracking, reconciliations of bank and credit card accounts, management of sales taxes, and financial reporting through a cloud-based software.
How much does it cost to have monthly bookkeeping performed?
The cost of our monthly bookkeeping service depends on the volume and complexity of your transactions. We offer flexible plans for our services so that you will only pay for what you really need – book a consultation call and we will provide you with a custom quotation.
- Resources
Insights for Smarter Financial Decisions
US Estate Tax for Canadians: What Changed for 2026
Bare Trust Reporting in Canada: Do You Need to File a T3 for 2026?
