TAX REGISTRATION AND REPORTING: CANADA
ENSURING COMPLIANCE AND SIMPLIFYING THE PROCESS OF TAX REGISTRATION AND REPORTING IN CANADA
FIS Tax Services
Our dedicated team helps you navigate the complexities of tax registration and reporting in Canada. Every business operating in Canada is required to comply with federal, provincial, and local tax regulations.
We evaluate your business needs and recommend the most appropriate tax registration and reporting practices. Our services encompass a wide range of tax-related requirements, ensuring your business stays compliant and efficient.
BENEFITS OF PROPER TAX REGISTRATION AND REPORTING IN CANADA
KEY FIGURES:
Over 1.2 million businesses registered for federal tax purposes
Access to various tax incentives and credits
Streamlined processes for annual and quarterly tax filings
SIGNIFICANT TAX REGULATIONS
Registering and reporting taxes in Canada provides businesses with a structured approach to compliance and financial planning.
FEDERAL TAX REGISTRATION
Ensures businesses meet all Canada Revenue Agency (CRA) requirements, including Business Numbers (BN), income tax, and payroll taxes.
PROVINCIAL AND LOCAL TAX REGISTRATION
Compliance with province-specific tax regulations, including sales tax, property tax, and provincial income tax, ensuring adherence to local laws.
TAX INCENTIVES AND CREDITS
Access to various federal and provincial tax incentives, such as the Scientific Research and Experimental Development (SR&ED) tax credit, energy efficiency credits, and small business deductions.
TYPES OF TAX REGISTRATION AND REPORTING IN CANADA
FEDERAL TAX REGISTRATIONS
Business Number (BN)
Required for most businesses, a BN is used for tax filing and reporting purposes.
Income Tax Reporting
Annual and quarterly filings to report income, deductions, and credits.
Payroll Tax Reporting
Compliance with Canada Pension Plan (CPP), Employment Insurance (EI), and federal income tax withholdings.
PROVINCIAL AND LOCAL TAX REGISTRATIONS
Sales Tax Registration
Compliance with the Goods and Services Tax (GST) and Harmonized Sales Tax (HST), ensuring proper collection and remittance.
Property Tax Registration
Compliance with local property tax laws, applicable to both real estate and personal property.
Provincial Income Tax Reporting
Annual and quarterly provincial income tax filings, varying by province regulations.
COMPREHENSIVE TAX SERVICES
TAX PREPARATION AND PLANNING
Detailed tax preparation services tailored to meet federal and provincial requirements, ensuring accurate and timely filings.
AUDIT SUPPORT AND REPRESENTATION
Expert support and representation during CRA or provincial tax audits, providing peace of mind and professional guidance.
TAX ADVISORY SERVICES
Strategic tax planning and advisory services to optimize tax positions and take advantage of available tax credits and deductions.
PAYROLL TAX REPORTING
Accurate payroll tax calculations and reporting, ensuring compliance with federal and provincial employment tax laws.
