CORPORATE TAX PLANNING & COMPLIANCE

Pretty much everything you do has tax implications and navigating Canadian tax laws can be confusing. Tax laws and interpretations change and become more complex every year. Wouldn’t it be great to have a partner who provides you with the clarity you need to take maximum advantage of current Canadian tax legislation?

Book a free consultation to know more about our tax services and advice for Canadian individuals and businesses.

TAX PLANNING AND TAX PREPARATION SERVICES

Our tax advisors can help you understand your tax filing obligations and file your taxes correctly and on time. We can also help you recover if you find yourself in a situation of non-compliance. Avisar offers tax-planning advice related to compensation, mortgage applications, retirement savings, and more.

In today’s fast-changing world, you need accurate information and sound advice in a clear and timely manner so you can lower your risk and gain a competitive advantage. That’s where our 4-step process comes to the rescue.

From dealing with the complexity of Canadian tax issues to managing claims for tax credits through the federal and provincial governments, our team of experts is ready to provide smart business solutions.

CANADIAN CORPORATE TAX ACCOUNTANT

Avisar offers a variety of Canadian corporate tax services to our corporate clients of all sizes working in a variety of industries. Our Canadian corporate tax team assists our clients with the preparation of corporate income tax and information reporting in Canada. We also guide our clients through complex tax transactions and develop strategic tax plans to minimize tax and maximize cash flow.

FINANCIAL STATEMENT TAX DISCLOSURE

Avisar’s knowledge and experience allow our corporate clients to fully outsource the preparation of financial statement income tax provision disclosures in accordance with International Financial Reporting Standards (IFRS) or Accounting Standards for Private Enterprises (ASPE). In addition to our tax provisions being precise and easy to understand, we also liaise between company management and external auditors in preparing the necessary working papers, providing accounting entries, and responding to any audit queries that arise to allow for a more fluid audit experience.

Our Blog

A small business meeting with a CPA demonstrating how a CPA can help a small business

What Does a CPA Do for a Small Business in Canada?

Many small business owners think a Chartered Professional Accountant…
woman thinking about incorporating her business in BC

Should I Incorporate My Business in BC?

Are you considering taking the step to incorporate your small…
filing a small business tax return in Canada

Your 2026 Guide to Filing a Small Business Tax Return in Canada

Filing a small business tax return in Canada starts with understanding…
financial goal planning for businesses

Financial Goal Setting That Moves Your Business Forward

As a business owner, you’re probably used to setting goals.…
financial ratios

Profitability Ratios Explained: Maximizing Your Bottom Line

Running a business means more than watching money flow in and…
putting corporate cash under the bed

Are You Making the Most of Your Corporate Cash? This Strategy Could Help

If you’re like many successful business owners in BC, your…

Important CRA Update

Starting in spring 2025, the CRA will transition to online mail as the default method for delivering most business-related communications. This means that instead of receiving paper mail, your business will access important notices and correspondence through the CRA's secure online portal, My Business Account.
Lifetime Capital Gains Exemption - umbrella protecting dominos

Are You Eligible for the Lifetime Capital Gains Exemption in Canada?

How to Use the Lifetime Capital Gains Exemption in Canada When…
IPP vs. RRSP

How Individual Pension Plans (IPP) Can Boost Your Retirement & Cut Taxes

The Retirement Gap You Didn’t Know You Had You’ve worked…
income splitting illustrated by piles of coins at the end of diverging paths

How to Use Income Splitting in Canada to Legally Lower Family Tax Burden

If you run a family business in Canada, chances are you've heard…
understanding financial statements for small business owners in British Columbia

Why Understanding Financial Statements Can Make or Break Your Business

Here's a surprising fact: most companies don't fail because…

Bookkeeping vs. Accounting: What Canadian Small Business Owners Need to Know

It’s easy to mix up bookkeeping vs accounting. If you're a…
How to use financial statements for business decisions

Beyond the Numbers: How To Use Financial Statements to Make Better Decisions

Emily owns a small shop in Langley. Her sales are up, but she…
smart tax strategies

Smart Tax Strategies for Wealth Management: Tips for Small Business Owners

Smart tax strategies directly shape your BC small business growth…
estate planning for business owners

Estate Planning Basics for Business Owners

Estate planning is not just about preparing for the inevitable—it's…
Avisar - Corporate Year End - Taxation

Coming Spring 2025: CRA Moves to Online Mail for Businesses – Here’s What You Need to Know

Starting in spring 2025, the CRA will transition to online mail as the default method for delivering most business-related communications. This means that instead of receiving paper mail, your business will access important notices and correspondence through the CRA's secure online portal, My Business Account.
2025 tax changes

2025 Tax Changes: What BC Businesses and Individuals Need to Know

As we enter 2025, British Columbia's tax landscape continues…
corporate income tax in Canada

Understanding Corporate Tax Rates in Canada: A Guide

Whether you’re running a growing enterprise or managing a…
small business tax deductions

Maximizing Your Small Business Tax Deductions 2024

Tips for BC Small Business Owners Tax season can be a challenging…
year-end tax planning tips for 2024

Year-End Tax Planning Advice for Small Businesses in BC

As the year draws to a close, small business owners in British…
benefits of a growth accountant

The Role of an Accountant in Business Growth

Small business owners in Canada often find themselves wearing…
professional business advisory services

The Benefits of Professional Business Advisory Services

Running a small business in Canada can be both rewarding and…
financial planning for small business owners

Essential Financial Planning for Small Business Owners

Financial planning is a crucial aspect of running a successful…
financial literacy for business owners

The Benefits of Financial Literacy for Business Owners

Imagine this: You've poured your heart and soul into your small…
keeping accurate financial records of a business

The Importance of Keeping Accurate Financial Records for Small Business

For small businesses, the management of financial records is…

Estate Planning for Business Owners: A Step-by-Step Guide

As a small business owner or entrepreneur, you have invested…
small business accountant Vancouver
avoid these 5 estate planning mistakes

Avoid These 5 Estate Planning Mistakes to Safeguard Your Business’ Future

In the world of business, planning for the future is crucial.…
cash flow management is critical for your business

Cash Flow Management: Mastering the Lifeline of Your Business

In a world where nearly 82% of businesses falter due to poor…
Avisar Charter Professionals - Pay The CRA

How Do I Make a Payment to the CRA 2026?

One of the most common questions we hear from our clients is…
Setting SMART financial goals for your business

New Year, New Financial Goals: A Blueprint for Small Business Success in 2024

As we enter 2024, it's an excellent time to ensure you've set…
Financial trends 2024 for small businesses

Big Financial Trends 2024: What Canadian Small and Medium-Size Businesses Need to Know

Supplier costs continue to rise. Inflation continues to impact…
Year-End Tax Planning Strategies for Small Business

Year-End Tax Planning Strategies for Small Business

As the year draws to a close, small business owners in Canada…
small business employee benefits

Small Business Employee Benefits: What You Should Offer

Small business employee benefits can be a great equalizer when…
financial literacy

Unlocking Business Success: The Power of Financial Literacy for Entrepreneurs

As entrepreneurs and small business owners, you wear many hats,…
small business budget

Building a Strong Financial Foundation: 9 Tips for a Better Small Business Budget

Creating an effective small business budget can make the difference…
mastering financial forecasting

Mastering Financial Forecasting: 3 Things You Need to Know

Financial forecasting is a vital skill that many small…
Setting up a My Business Account with the CRA

Setting up a My Business Account with the CRA

A My Business Account gives directors, officers, and partners…
SR&ED tax credit program

What is SR&ED

SR&ED stands for Scientific Research and Experimental Development.…
estate planning for blended families

Navigating Estate Planning for Blended Families: A Guide

Estate planning is an essential aspect of planning for your…

Federal Budget 2023: Other Measures

Small Business Credit Card Fees Budget 2023 announced that…

Federal Budget 2023: Personal Measures

Alternative Minimum Tax (AMT) for High-Income Individuals Individuals…
small business accountant Vancouver

Federal Budget 2023: Business Measures

Strengthening the Intergenerational Business Transfer Framework Historically…

Federal Budget 2023: International Measures

International Tax Reform – Base Erosion and Profit Shifting Canada…

Federal Budget 2023: Sales and Excise Tax Measures

Alcohol Excise Alcohol excise duties are automatically indexed…

Federal Budget 2023: Previously Announced Measures

Budget 2023 confirms the government’s intention to proceed…
CRA Audit

Surviving a CRA Audit: What You Should Know

It's the letter you never want to receive from the Canadian…
2023 tax changes for 2022 filing

Tax Changes for Filing Your 2022 Tax Return

Like many years, Tax Year 2022 comes with several changes you…
non-profit board

Non-profit boards take work to make themselves successful

This post comes from our guest expert Larry Nelson, founder…
why small businesses fail

5 Top Reasons Small Businesses Fail and How to Avoid Them

Why does the prospect of starting a small business come burdened…
How to recruit board members for a non-profit

How to Recruit Board Members for a Non-Profit

The board of a non-profit organization plays a huge role in…
Why Do My Financial Statements Show a Profit, But Then Show a Loss After My Accountant Makes Adjustments?

Disappearing Profit: Why Financial Statements Change After Accounting Adjustments

Why do my financial statements show a profit, but then show…
How do financial statements help in decision-making

How do financial statements help in decision-making?

Most small business owners get started to serve customers and…
financial statement accuracy

How To Review Financial Statements For Accuracy: 5 Timely Tips

As a business owner, you make a lot of decisions based on your…
Audit Firms in Canada

Top 3 Things to Look at in Financial Statements for Judging a Business’ Health

Judging how well (or poorly) a business is doing requires a…
the three types of financial statements

What are the Three Types of Financial Statements?

The three core financial statements are the balance sheet, the…
tax on investment income

How To Minimize Tax On Investment Income

Different types of investments can offer different benefits.…
small business accountant Vancouver

Federal Budget 2022: Business Measures

Small Business Deduction Canadian-controlled private corporations…

Federal Budget 2022: Charities Measures

Annual Disbursement Quota for Registered Charities Registered…

Federal Budget 2022: Previously Announced Measures

Budget 2022 confirms the government’s intention to proceed…

Federal Budget 2022: Sales and Excise Tax Measures

GST/HST on Assignment Sales by Individuals An assignment…

Federal Budget 2022: International Measures

Digital Platform Operators – Disclosure Requirements The…

Federal Budget 2022: Personal Measures

Tax-Free First Home Savings Account (FHSA) Budget 2022 proposes…

Federal Budget 2022: Retirement Plan Measures

Borrowing by Defined Benefit Pension Plans Budget 2022 proposes…
The Difference Between Capital Gains and Investment Income

Can Smart Capital Gains Financial Planning Save You Money?

What are capital gains? The profit people generate from selling…
2021 small business tax changes; 2021 personal tax changes

Tax Changes: What You Need to Know for the 2021 Tax Year

There have been some changes to Canada's tax rules for the 2021…
CRA Audit

You’ve Been Chosen for a CRA audit. Now what?

You filed your return on time, but now you have received…
Canada trade cargo container hanging against dark clouds.

The tax consequences of leaving Canada permanently

From assets and property to personal ties, several factors affect…
hiring virtually

Ask the Right Questions When Hiring Virtually, Pros Say

With remote interviews, many of the cues you would normally…
small business accountant

How to Choose the Best Small Business Accountant

The difficulty of finding the right small business accountant…
Can I do my own business tax return

Can I Do My Own Business Tax Return? Avoid These 4 Pitfalls

Properly filing taxes for a small business is one of the essential…
measuring customer profitability

Measuring Customer Profitability: 3 Tips Businesses Should Know

If you're a business owner, you know how valuable a good customer…
measuring profitability

Measuring Profitability in Your Business: 7 Key Ratios

Measuring profitability in a business is essential to understanding…
create a marketing strategy for a small business

How to Create a Marketing Strategy for a Small Business

According to a study of US small businesses, 50% of them are…
small business growth

The 5 Stages of Small Business Growth

While small businesses come in all shapes and sizes, almost…

Trust Returns: Enhanced Reporting Requirements

There will be new and enhanced trust reporting requirements…

Tax Considerations When Buying or Selling a Home

Buying or selling a home is often an exciting, yet stressful…

Federal Budget 2021: Sales & Excise Tax

GST New Housing Rebate The GST New Housing Rebate entitles…

Federal Budget 2021: International Measures

Tax on Unproductive Use of Canadian Housing by Foreign Non-resident…
Fed Budget 2021

Federal Budget 2021: Business Measures

Canada Emergency Wage Subsidy (CEWS) Extension and Phase-out…
Fed Budget 2021 Personal measures

Federal Budget 2021: Personal Measures

COVID-19 Benefit Amounts – Tax Treatment Budget 2021 proposes…
Fed Budget 2021: Electronic Filing Payments, Certifications

Federal Budget 2021: Electronic Filing, Payments and Certification

Budget 2021 proposes a number of measures that would better…
Fed Budget 2021: Previously Announced Measures

Federal Budget 2021: Previously Announced Measures

Budget 2021 confirms the government’s intention to proceed…
BC Employment Incentives

BC Increased Employment Incentive

The BC Increased Employment Incentive is a one-time refundable…

Clearing The Confusion On Tax Instalments

You may have received an instalment reminder in the mail and…
Avisar Charter Professionals Tax Changes 2020

Personal Tax Changes For 2020 Related to COVID-19

The past year brought changes and challenges for Canadians.…
New-Compilation-Standards

Compilation Financial Statement Standards

As a Chartered Professional Accounting (CPA) firm, Avisar’s…

Other Personal Tax Changes for 2020-21

In addition to the changes related to COVID-19, other significant…
Avisar Charter Professionals - Payroll Considerations

Payroll Deduction Considerations

Payroll deductions are something all businesses need to consider.…
US Taxes - Accidental american

U.S. Taxes For Individuals: Accidental Americans

It is becoming more well-known that United States citizens have…
Canada Emergency Business Account

Canada Emergency Business Account (CEBA)

What Is CEBA? Introduced on April 9, 2020, CEBA is a government…
in house financial statements

IN HOUSE FINANCIAL STATEMENTS: EVERYTHING YOU NEED TO KNOW

Consider your external Chartered Professional Accountant when…
Canadians US Tax Mistakes

Mistakes Canadians Make With U.S. Taxes

Tax requirements in the United States are quite different than…
BS PST Rebate For Machinery

BC PST Rebate: Select Machinery and Equipment

Updated July 2022 In efforts to assist in the recovery from…
T4-Reporting

New T4 Reporting Requirements

For the 2020 tax year, additional information will need to be…

Taxation Of Stock Options

Stock options are beneficial to employees, allowing them to…

Taxes and Ethics

Tax practitioners help their employers and clients to understand…

COVID-19 Federal Emergency Tax Changes-Summary To Date

There have been numerous Government announcements on tax measures…
Avisar - Corporate Year End - Taxation

Canada Emergency Response Benefit For Workers

On March 25, 2020, the Federal Government introduced the Canada…
Avisar - Corporate Year End - Taxation

BC COVID-19 Action Plan

On March 23, 2020, the BC Government announced its first steps…
Avisar - Corporate Year End - Taxation

Important Federal Tax Updates

The trust income tax and benefit return filing deadline has…
Avisar - Corporate Year End - Taxation

2019 Personal Income Taxes At Avisar

While we understand that your personal income tax return may…

Why Is Bay Street Soaring As Main Street Suffers?

Despite one million Canadians being out of work since the pandemic…

BC Employer Training Grant (ETG)

The B.C. Employer Training Grant (ETG), formerly the Canada-British…
Avisar - Corporate Year End - Taxation

The High Costs of Equipment And Vehicles

The high cost of equipment demands that owner-managers have…
Avisar - Corporate Year End - Taxation

Bartering, Taxation, And The Internet

The normal procedure for business transactions follows the tried-and-true…
Avisar - Corporate Year End - Taxation

The BC Employer Health Tax Effective Jan 2019: How Will It Affect Your Business?

In February 2018, BC’s NDP government proposed the Employer…
Avisar - Corporate Year End - Taxation

Impending Changes To CPP

In 2018, many owner-managers across Canada chose to adjust staff…
Avisar - Corporate Year End - Taxation

TFSA and Death: Have You Planned For What Will Happen With Yours When You Die?

If you own a TFSA, you undoubtedly started it because it allows…
We Owe How Much

OUCH—We Owe How Much?

Manage Cash Flow Better By Projecting Future Tax LIabilities…
Avisar - Corporate Year End - Taxation

Corporate Year-End

Before choosing a date for your year-end, think about the date…