Your tax filing deadline is 6 months after your corporation’s year-end date. However, please note that if there are corporate taxes owing, the deadline to pay is 2 months after the year-end date. You may qualify for a 1-month, payment-deadline extension if the corporation is eligible. Your accounting team will provide you with specifics.

If you require assistance with your filings, learn more about Loren Nancke’s corporate tax services.

Corporate tax installments are required in the current fiscal year if the corporation owed more than $3,000 in taxes in the previous taxation year. GST installments are required in the current fiscal year if the corporation owed more than $3,000 in GST in the previous taxation year. Please refer to the schedule that is provided with your finalized year-end records. Failure to remit installments sufficiently and on schedule may result in installment interest being assessed by the CRA with your next tax filing.

Find out how Loren Nancke can support you with our corporate tax services.

In most circumstances retention of physical records for 10 years should be sufficient. This assumes that all returns have been filed on time and there are no extenuating circumstances. Records for long-term assets may need to be retained longer.

You can submit your records digitally. We have set up a portal link for each of our clients, so you can securely upload documents and we can share information with you.

We do not require physical copies of your documents if you are able to provide digital copies.

If you have physical documents:

• Our main office is located at 407-223 Nelson’s Crescent in New Westminster.
• Our drop-off office is located at 901 3rd Street West in North Vancouver at the Griffin Business Centre.

Please ensure your documents are in a sealed envelope labeled with your name and that it is addressed to Loren Nancke.

A year-end checklist was provided to you with the annual engagement package. Please connect with our office if you have misplaced the checklist.

The balance owing is stated on the enclosure letter and on the corporation income tax return sent by our office.

Here are a few different ways that you can pay CRA:

ONLINE: Go to the CRA’s My Payment page and click on “Pay now using My Payment”, this link is also the first option when you Google “CRA My Payment”.

ONLINE BANKING: Login to your CRA My Business Account and pay directly via your bank by creating a scheduled pre-authorized debit (PAD) agreement: PAD through CRA online services.

CREDIT CARD OR PAYPAL: Pay online through a third-party service provider. For example, www.paysimply.ca accepts Visa, MasterCard, Amex, Union Pay and PayPal. And www.plastiq.com/cra accepts Visa, MasterCard and Amex. Service fees will apply. Check out the CRA’s list of third-party service providers for more information: Payments to CRA through a third-party service provider.

BY CHEQUE: If your amount owing is less than $10, 000, you may write a cheque payable to Receiver General For Canada for the amount owing (remember to write you BIN number on the cheque memo and the back of the cheque) and send it to your local CRA office:

9755 King George Boulevard
Surrey BC V3T 5E1

OR

Canada Revenue Agency
PO Box 3800 STN A
Sudbury ON P3A 0C3

Download our Quick Facts: How to Pay CRA – Corporate Tax Return for more information.

Yes, here are your options:

• Drop off a cheque at any of our locations. Write your business number and account information on the memo line. The cheque must be received by our office within 3 business days of the payment deadline.
• Enrol in our CompletePAY service that allows amounts to be debited from your bank account and paid directly to the CRA. You must qualify to use this service.

If you’re expecting a refund from CRA, here are your options:

• You can add the corporation’s direct deposit information to the tax account if you have a CRA My Business Account.
• You can sign a direct deposit request for business form and we will process your request. We require the signed form and a void cheque before filing your taxes.
• A refund cheque will be sent to the mailing address on file if CRA does not have direct deposit information.

Visit the CRA website to register for a My Business Account.

We’ve outline step-by-step instructions for how to set up a CRA My Account, which you may also find helpful.

The My Business Account provides convenient access to a variety of services including:

• Authorizing a representative
• Downloading your notice of assessment
• Viewing and paying your CRA balance

We have set up a portal link for each of our clients, so you can securely download your documents.

When your income tax return is ready, you will receive an email with your portal link. Check your junk folder, as sometimes the email filters there. In the email, click on the link and save the information to your computer.

You can send us your signature pages by:

• Email
• Upload (using the same link we sent you)
• DocuSign
• Mail
• Send a picture of your signed page to admin@lorennancke.com
• Drop off at our office in an envelope with your full name

Yes. Our North Vancouver drop-off location has a mail slot where you can drop off the signed documents. Put your signature pages inside an envelope and write down your full name.

If you are planning to drop off your signature pages at our New Westminster location, give us a call at 604-904-3807 to book a drop-off date and time.

Yes, you can. Please give us a call ahead of time at 604-904-3807 to book a date and time.

Yes. Give us a call at 604-904-3807 to book a drop-off date and time.

There is a red X on the page. Please sign where indicated.

Options to pay your invoice include:

• Pay online through our website
• E-transfer
• By phone
• By cheque

Yes, please send an email to admin@lorennanke.com with the new address and we will update your information.

Yes, please send a request to admin@lorennanke.com and we will send you a copy.

Yes, give us a call at 604-904-3807 to book a date and time.