Jay P. Trudell, CPA
Corporate Tax Filing Advice in Canada & the USA
Jay P. Trudell offers practical tax advice and personalized services for individuals and businesses with Canadian, U.S., or cross-border tax needs.
Get in TouchCorporate Tax Services in Canada & the USA
Corporate tax is one of the core responsibilities of running a business, whether it’s a small local company or part of a cross-border operation. For incorporated businesses, meeting corporate tax obligations is not optional—it's a legal requirement. But staying compliant goes beyond just submitting a return. Tax filing for businesses involves planning, record-keeping, understanding your obligations under current legislation, and making decisions that affect how much tax you pay. Businesses with operations or shareholders across borders have added layers of complexity. That’s why it’s important to work with someone who understands both tax filing for businesses in Canada and in the USA.
CORPORATE TAX SERVICES IN CANADA
Tax Filing, planning, and compliance tailored to your business structure and goals
Corporate tax filing for businesses in Canada requires more than meeting deadlines—it calls for an understanding of how federal and provincial rules affect your company. I provide practical support for tax filing for businesses of all sizes, along with structured, timely tax advice for businesses facing changing requirements. From preparing T2 returns to managing small business deductions and installment planning, I help you meet your obligations confidently. Here’s what that typically includes:
Corporate Income Tax Returns (T2)
All Canadian resident corporations are required to file a T2 return annually, even if there is no tax payable. I prepare and file these returns accurately and on time, taking care to apply all available deductions and credits.
Tax Planning and Minimization
I provide year-round tax advice for businesses, focusing on structuring your operations efficiently. This includes reviewing the timing of income and expenses, optimizing salaries versus dividends for shareholders, and managing investment income and passive income rules.
Small Business Deduction (SBD)
Many Canadian-controlled private corporations (CCPCs) qualify for the SBD, which can significantly lower the tax rate on active business income. I review eligibility and track associated thresholds to ensure you’re not missing out on savings.
Capital Cost Allowance (CCA) and Asset Depreciation
Correctly claiming CCA helps reduce taxable income in a way that aligns with your business strategy. I guide businesses on optimal asset classification and depreciation.
Tax Credits and Incentives
Depending on your industry, you may qualify for tax incentives such as the Scientific Research and Experimental Development (SR&ED) credit. I help identify, document, and claim relevant incentives.
Installment Payments and CRA Correspondence
I help with calculating corporate tax installments and managing all communication with the Canada Revenue Agency (CRA), including responses to notices, reviews, and audits.
CORPORATE TAX SERVICES IN THE USA
Federal and state-level tax support designed for cross-border and domestic corporations
Corporate tax in the USA varies significantly depending on business structure, operations, and state requirements. I provide direct support for tax filing for businesses, including federal forms like 1120 or 1120-S, and help manage multi-state tax obligations. Whether you’re a C corporation, an S corporation, or have international links, I offer informed, practical tax advice for businesses seeking to stay compliant and plan ahead.
Federal Corporate Tax Returns (Form 1120 / 1120-S)
C corporations must file Form 1120, while S corporations file Form 1120-S. I assist with accurate preparation and filing, ensuring all income, deductions, and credits are properly accounted for.
State Corporate Tax Compliance
Each state has its own tax filing requirements, thresholds, and rates. I offer tax advice for businesses to help determine which states you’re obligated to file in, and assist with registrations, filings, and ongoing compliance.
Entity Classification and Elections
The way a business is classified for tax purposes in the U.S. affects filing obligations and tax outcomes. I guide clients through IRS entity classification rules (e.g., Form 8832, Form 2553), helping you make decisions that align with long-term goals.
Cross-Border Structuring and Withholding
When doing business across the Canada-U.S. border, withholding taxes, treaty benefits, and transfer pricing issues may arise. I provide tax advice for businesses to manage these issues while avoiding double taxation.
Estimated Tax Payments and IRS Communication
I assist with calculating estimated corporate taxes and handling communication with the IRS—including responding to notices and audit support.
Tax Filing for Businesses: What It Covers
Whether your business is based in Canada, the U.S., or both, I provide end-to-end support for tax filing for businesses. This includes:
- Preparation and filing of corporate income tax returns (T2, 1120, 1120-S)
- Tax planning strategies to reduce effective tax rates
- Tax provision calculations for financial statements
- GST/HST and sales tax filings in Canada and relevant U.S. states
- Cross-border tax compliance and treaty considerations
- Withholding tax and remittance filings
- Dividend and shareholder reporting (T5s in Canada, K-1s in the U.S.)
- Payroll and source deductions
- Tax credit identification and filing
- Review of prior year filings and identification of missed opportunities
Let’s Connect
If you’re looking for help with corporate tax in Canada or the USA, or year-round tax advice for businesses, I’m here to guide you. Let’s simplify the process, stay compliant, and set your business up for better financial outcomes.
Tailored Tax Advice for Businesses
I take a hands-on, personalized approach to tax advice for businesses. No two companies are the same—even within the same industry. I work directly with business owners, CFOs, and finance managers to understand business goals and risks, then offer practical, informed guidance that supports those objectives.
- Choosing the right structure (e.g., incorporating, U.S. entity formation)
- Planning for owner compensation
- Managing intercompany transactions between Canadian and U.S. affiliates
- Handling business reorganizations, mergers, or acquisitions
- Reviewing corporate minute books for tax compliance
- Preparing businesses for CRA or IRS audits
Jay P. Trudell, CPA, is an accountant who serves clients across Canada and the USA.