Lorena Boda CPA Professional Corporation

Hiring the right Chartered Professional Accountant is an investment in your financial future. By evaluating qualifications, industry experience, communication skills, service offerings, and strategic tax expertise, businesses can confidently choose a CPA who supports long-term success.

Top 5 Things to Look for When Hiring a Chartered Professional Accountant | Lorena Boda CPA Discover the top 5 things to look for when hiring a Chartered Professional Accountant. Learn how to choose the right CPA for your business, tax planning, financial reporting, and long-term success.

Understanding corporate taxation is essential for every business operating in Canada.

Corporate Tax Services in Canada: Everything Businesses Need to Know | Lorena Boda CPA Discover everything businesses need to know about corporate tax services in Canada, including tax compliance, filing requirements, deductions, tax planning strategies, and expert CPA guidance.

Tax planning is one of the most effective ways to reduce your tax liability. Whether you are a self-employed individual, a start up or a growing business, the right structure and right advisor are incredibly important to position your business for success.

How Tax Planning Can Reduce Your Small Business Tax Liability | Lorena Boda CPA Learn how tax planning can reduce your small business tax liability. Discover effective tax-saving strategies, deductions, credits, and financial planning tips to improve profitability and ensure compliance in Canada.

Although buying or selling a business could be an exciting time, or necessary in some situations, the careful planning of the transaction in advance should not be underestimated. The buyer and the seller, often times, have different goals. Depending on how the transaction is structured, significant tax consequences and considerations may apply.

Tax Considerations When Buying or Selling a Canadian Corporation | CPA Guide Understand key tax considerations when buying or selling a Canadian corporation, including structuring, capital gains, due diligence, and planning strategies for success.

Every year, I get asked from a tax planning perspective, how can I reduce my corporate taxes?

Canadian corporations can reduce tax liabilities and improve cash flow with proactive tax planning. Strategies such as income splitting, optimizing salary vs. dividends, maximizing capital cost allowance (CCA), and leveraging available tax credits can make a significant difference. Don't wait until year-end—effective tax planning is a year-round process that helps your business keep more of what it earns. Strategically planning the timing of expenses and overall well management of expenses are key to keeping a business successful, in addition to growth strategies. From a tax planning perspective - these are surface level tax planning strategies and many credits, unfortunately, are very situational specific and do not apply in many cases.

The BIG tax savings happen when there are specific life triggering events, or planning for the overall structure, growth and succession of the business: selling the business, splitting up from current partners, adding new partners to a business, transferring the growth of the business to your kids, eliminating intercompany loans, preparing for the sale of real estate, etc.

At Lorena Boda CPA Professional Corporation, we're happy to assist with all your accounting and tax needs. Please reach out at [email protected] or at 905-281-0009.

When done well, strategic tax planning is the engine that drives the business growth and wealth for generations to come.

Ask me about family trusts, structuring active businesses and passive companies and what are the benefits for holding specific structures. Plan for the future and most definitely well in advance of specific life triggering events!

How Professional Tax Advisory Services Help Canadian Businesses Grow | Expert CPA Insights Discover how professional tax advisory services help Canadian businesses grow through smarter tax planning, compliance, cash flow optimisation, and strategic financial decisions

Are you maximizing every tax-saving opportunity available?

As tax rates continue to climb, strategic tax planning is becoming increasingly important for professionals, business owners, and investors.

Key areas to review include:

✔️ Maximizing RRSP contributions to reduce taxable income
✔️ Tax-efficient investing and capital gains planning
✔️ Charitable donation tax credits
✔️ FHSA contributions for eligible homebuyers
✔️ Holding investments in the most tax-efficient accounts
✔️ Corporate tax planning for incorporated professionals and business owners

A well-executed tax strategy can potentially save thousands in taxes annually while helping build long-term wealth.

The difference between paying taxes and planning taxes often comes down to understanding the opportunities available before year-end.

Businesses have ongoing annual corporate tax filings responsibilities. A successful business takes proactive steps to ensure common corporate tax filings mistakes are avoided or prevented.

At Lorena Boda CPA Professional Corporation, we’re happy to assist with all your accounting and tax needs.

Common Corporate Tax Filing Mistakes That Lead to CRA Penalties | Expert Guide Discover common corporate tax filing mistakes that lead to CRA penalties. Learn how to avoid errors, stay compliant, and improve tax accuracy in Canada.

Corporations have Canadian tax filings and reporting obligations, even when the operations become inactive, and even when companies fall behind. And yes, the government will go after them, and continuously remind them to file, and even issue arbitrary assessments in some situations.

At Lorena Boda CPA Professional Corporation, we’re happy to assist with all your accounting and tax needs.

Here’s our guide for filing a corporate tax return for an incorporated business.

A Complete Guide to Filing a T2 Corporate Tax Return in Canada | Step by Step Guide Learn how to file a T2 corporate tax return in Canada. Step by step guide covering deadlines, documents, deductions, and compliance requirements.

Business owners are incredibly driven and focused to make their dreams come true and become successful. That’s the beauty of entrepreneurship. And when the growth comes, it is important to partner up with the right professionals to set up the most advantageous structure and for continuous tax advice and support. Separate active assets from passive assets used to grow your wealth. Ongoing creditor protection and access to the lifetime capital gains exemption. Plan for the next generation’s future.

How to Structure Your Canadian Corporation for Tax Efficiency (2026 Guide) Discover how to structure your Canadian corporation for maximum tax efficiency. Learn strategies to reduce taxes, optimize income, and stay compliant in 2026.