Tax Services in Toronto for Small Businesses
Toronto businesses file under Canada's federal corporate tax system alongside Ontario's provincial corporate tax, two separate calculations combined into one effective rate that changes depending on whether your business qualifies for the small business deduction.
Employers with payroll above a certain threshold owe Ontario's Employer Health Tax (EHT) as well and it's one of the more commonly missed obligations for growing businesses. Profitjets prepares your federal and Ontario corporate tax together, checks your eligibility for the small business deduction, registers and files your GST and manages EHT once your payroll crosses the threshold.
What Our Tax Services in Toronto Cover
We build your tax strategy around your entity type and payroll size. From federal and Ontario corporate tax to GST/HST and Employer Health Tax, our team prepares the required CRA and provincial filings and tracks every deadline.
Personal & owner tax
Owner and personal income tax (federal + Ontario rates), prepared and filed.
Corporate tax
a combined rate near 26.5% general (about 12.2% for small-business CCPCs), prepared and filed through your T2 corporate return.
HST compliance
HST registration, plus returns and filing at 13%.
Deadlines & filings
Every the CRA deadline tracked, with estimates, extensions, and notices handled year-round.
Cross-border & foreign income
Cross-border structures and foreign-income reporting handled, including US reporting for owners where it applies.
Tax planning
Proactive planning to legally lower your Ontario tax before year-end.
How Profitjets help in Corporate tax planning
Corporate tax in Toronto combines a federal rate with Ontario's provincial rate, and whether your business qualifies for the small business deduction changes the effective rate meaningfully. Missing that eligibility check is one of the most common ways growing corporations overpay.
We check your small business deduction eligibility, file your federal and provincial corporate returns together with the CRA, and plan ahead around deductions available to your structure.
Book a Free Consultation- Federal and Ontario tax filed together
- Small business deduction checked
- Estimated payments scheduled
- Deductions maximized
- Multi-entity ready
Keep GST/HST & Employer Health Tax Under Control
GST/HST applies at Ontario's combined rate once your business crosses the registration threshold, and Employer Health Tax applies separately once total payroll crosses its own threshold, two obligations that get missed for entirely different reasons.
We register and file your GST/HST, monitor your payroll against the EHT threshold, and file both correctly and on schedule.
Book a Free Consultation- GST/HST registration handled
- Correct combined rate applied
- EHT threshold monitored
- Filed on schedule
How Our Toronto Tax Services Work
Understand Your Business
We learn about your business structure, industry, revenue, payroll, and Toronto tax obligations to determine the federal and Ontario tax requirements that apply to your business.
Review Your Financial Records
We review your bookkeeping, prior tax returns, and financial records to assess your corporate tax position, GST/HST registration, Employer Health Tax (EHT) obligations, and available tax-saving opportunities.
Develop Your Tax Strategy
Our team creates a tax plan based on your business structure, GST/HST requirements, payroll obligations, and eligibility for available Ontario tax reliefs to help improve tax efficiency and maintain compliance.
Prepare & File Your Returns
We prepare and file your federal and Ontario corporate tax returns, GST/HST returns, Employer Health Tax filings, and other required tax submissions accurately and on time.
Year-Round Tax Support
Beyond filing season, we monitor tax deadlines, assist with CRA notices, manage installment payments, and provide ongoing tax planning to support your business as it grows.
Serving Small Businesses Across Toronto
We work remotely with businesses throughout Toronto, so you get the same dedicated team regardless of which part of the city you're based in.
What Toronto Businesses Say
Small Business Deduction We Weren't Claiming
"Our previous accountant never checked whether we qualified for the small business deduction, so we'd been paying the higher corporate rate for two years. Profitjets caught it and corrected our filing."
EHT Threshold Crossed Without Us Noticing
"We grew our payroll quickly and had no idea we'd crossed the Employer Health Tax threshold until a notice arrived. Profitjets got us registered and now tracks payroll against it directly."
GST/HST Filed on a Consistent Schedule, Finally
"Our GST/HST filings used to be inconsistent and we missed a period entirely one year. Profitjets got us onto one reliable schedule and it hasn't slipped since."
Toronto tax questions
Toronto businesses may be required to pay federal and Ontario corporate income tax, GST/HST, payroll taxes, and Employer Health Tax depending on their business structure and payroll. Our Toronto tax services help identify your tax obligations and prepare accurate filings.
Yes. We help businesses register for GST/HST, prepare and file returns, maintain accurate tax records, and meet CRA filing deadlines to support ongoing compliance.
Yes. Our Toronto tax services include proactive tax planning to help businesses maximize eligible deductions, claim available tax credits, manage tax liabilities, and prepare for federal and Ontario filing deadlines.
Absolutely. If your business operates in Ontario and other Canadian provinces, we help manage multi-jurisdiction tax obligations, organize your financial records, and prepare the required tax filings while supporting ongoing compliance.
Yes. We offer bookkeeping and tax services together, ensuring your financial records remain accurate and tax-ready throughout the year. Clean books simplify CRA filings, improve financial reporting, and help reduce filing errors. CTA Get Your Toronto Small Business Deduction Applied Correctly
Get Toronto Tax Filed Right, and Optimized
Book a free consultation and we'll map out exactly how we'd handle your Toronto business taxes.