Corporate Tax Problems
Sort out a corporate tax problem the calm, organized way.
CPA support for owner-managed businesses dealing with corporate (T2) reassessments, shareholder loan questions, related-party transactions, owner-compensation issues, or messy corporate records — brought into focus and properly documented.
Confidential, no-obligation consultation. CPA-led, Canada-wide and in Mississauga.
Overview
When a corporate tax issue starts to weigh on you
Corporate tax problems rarely stay in one place. An unresolved shareholder loan, a question about how owners are paid, or records that drifted out of order over busy years can affect cash flow, financing, and what a buyer or lender sees in the business. The first goal is simple: understand exactly what the issue is, why it matters, and what the records actually show — then address it in an organized, factual way rather than letting it linger.
Common situations we help with
If any of these sound like your situation, you are in the right place:
- A corporate (T2) reassessment has been proposed or issued
- A shareholder loan or owner-withdrawal balance is being questioned
- Funds moved between you and the company without clear documentation
- Related-party or family transactions need support for their pricing or terms
- You're unsure whether you've been paid the right way — salary versus dividends
- Bonuses or management fees were recorded inconsistently
- Years of growth have left the corporate books incomplete or out of order
- You simply want the corporate records brought into a supportable state
What working with us gives you
We bring structure to a tangled situation so you are never guessing. In practical terms, that means:
- A clear read of the corporate tax issue and what's actually at stake, in plain language
- Shareholder loan and owner-withdrawal balances reconstructed and documented
- Related-party and owner-compensation positions reviewed and properly supported
- Corporate records reconciled and brought into a supportable, audit-ready state
- Plain-language updates so you understand the issue at every stage
Our approach
How we work a corporate tax problem
A clear path from a tangled situation to a prepared, organized position.
Understand the issue
We review the corporate filings, any CRA correspondence, your business background, and the records you have, so the real issue is clearly defined.
You know exactly what's at stakeReconstruct the records
We locate, rebuild, and reconcile the shareholder loan balances, owner withdrawals, and ledgers that matter most, filling gaps from the information available.
Your numbers are rebuilt and reconciledResolve the positions
We review the treatment of shareholder loans, owner compensation, and related-party items, and document clear, defensible positions for the corporation's filings.
Your positions are documented and supportableSupport the response
We help you respond to CRA, prepare the supporting schedules and explanations, and coordinate with legal counsel where the matter calls for it.
You're supported to the finish
Every CRA matter is easier to face with an organized, defensible response behind it.
Book a Corporate Tax Strategy CallWhat to expect
What to expect
Corporate tax issues each have their own details, but a few general facts help set realistic expectations. These are points of education, not advice about your situation.
- Shareholder loan balances are an area CRA looks at closely, and timing matters to how they're treated.
- As a general rule, the Income Tax Act (subsection 15(2)) contemplates a shareholder loan being repaid within a defined window — generally by the end of the corporation's next tax year after the year the loan was made — or the amount may be included in income; how this applies depends entirely on the facts.
- Salary and dividends are both legitimate ways to pay owners, each with different tax and documentation consequences.
- If CRA reassesses a corporation, there is generally a 90-day window to file a Notice of Objection — we help you understand and meet deadlines.
Be prepared
What CRA may request
So you know what to gather — and we help you locate, reconstruct, and present it.
Corporate ledgers & T2 backup
- General ledger, trial balance, and year-end working papers
- Filed T2 returns and supporting schedules
- Financial statements and adjusting entries
Shareholder-loan & owner-withdrawal records
- Shareholder loan account history and reconciliations
- Owner draws, repayments, and reimbursement records
- Supporting documentation for how funds moved between you and the company
Minute book & related-party items
- Minute-book resolutions and corporate records
- Agreements and terms for related-party or intercompany transactions
- Documentation supporting pricing and reasonableness
Payroll & dividend records
- Payroll records and source-deduction filings
- Dividend declarations and T5 slips
- Bonus and management-fee documentation
Scope
Working with tax lawyers when needed
Some corporate matters involve legal questions, potential penalties, or disputes that call for legal advice or representation. We do not provide legal services; where appropriate, we coordinate with qualified tax lawyers and support the file from the accounting and documentation side, so the legal and CPA work reinforce each other.
Before you call
Common questions
My shareholder loan wasn't repaid on time — what now?
It's a common situation and it's manageable. The treatment of a shareholder loan depends on the timing and the specifics, so the first step is to reconstruct the balance and understand what the records show. From there we document a clear position and, where needed, prepare supporting explanations — without guessing at the outcome before we've seen the facts.
Should I be paid in salary or dividends?
Both are legitimate ways to pay owners, and each carries different tax and documentation consequences. There is no single right answer for every business — it depends on your circumstances. We review how owners have actually been paid, organize the supporting records, and help you understand the implications in plain language.
My corporate books are a mess — is that a problem?
It's far more common than you'd think, and it's exactly the kind of thing we help with. Part of our work is reconstructing and reconciling the balances that matter most, then bringing the corporate records into a supportable, organized state.
Will cleaning up my records raise flags with CRA?
No. Accurate, well-documented records are exactly what CRA expects. Bringing the corporate books into order and supporting your positions properly is the responsible thing to do — it puts you in a stronger, clearer position, not a weaker one.
Do I need a tax lawyer?
Most corporate tax matters are CPA-led. Where a matter involves legal advice, potential penalties, or a dispute that needs legal representation, we coordinate with qualified tax lawyers and support the file from the accounting and documentation side.
Is my information kept confidential?
Yes. Reaching out is confidential, nothing is filed with CRA from an inquiry, and your details stay between you and our team.
What will this cost?
Every corporate situation is different, so we scope the work after a short, confidential call to understand the issue and your records. There's no obligation to proceed.
Why owners trust us
Calm, credentialed, confidential.
- Chartered Professional Accountant (CPA)
- CPA Ontario · CPA Canada
- Audit-defence & tax-controversy focus
- Owner-managed businesses, Canada-wide
Everything you share is treated as confidential — nothing is filed with CRA from an inquiry, and your details stay with our team.
We provide CPA advisory and documentation support, and coordinate with qualified tax lawyers when a matter calls for legal advice.
Area served: Serving clients across Canada · Mississauga, ON & the GTA
Keep exploring
Related services
CRA Audit Defence
CPA support for business owners facing CRA audits, reassessments, document requests, shareholder benefit reviews, payroll reviews, unexplained deposits, or net worth concerns.
Learn moreTax Cleanup & Voluntary Disclosure
Help for business owners who need to correct past tax issues, file missing returns, fix HST/GST errors, address payroll remittance problems, or clean up corporate tax exposure before CRA action escalates.
Learn moreBusiness Sale Tax Support
Tax and documentation support for owners preparing to sell, refinance, or transition a business where tax issues could affect buyer confidence, deal value, or due diligence.
Learn more
Dealing with a corporate tax problem? Let's get organized.
Start with a confidential consultation. We will help you understand the corporate tax issue, what CRA is focused on, and the practical next steps available to you.
Everything you share is confidential. No obligation. Replies within one business day.