Tax prep support
Tax planning support
Year-round tax planning support for Canadian individuals and corporations: modelling the small business rate threshold, salary versus dividend decisions, and instalment exposure before year-end, not just at filing time. Recommendations route through your appointed Canada-resident adviser for sign-off.
Tax working papers
Illustrative client · August 2026
CAD
- Year-end books closed and reconciledDone
- Fixed asset and depreciation scheduleDone
- Book-to-tax adjustments listedDone
- Supporting schedules for the preparerIn progress
- Handed to the signer for review and filingNext
Illustrative. An example of the document, not a client's figures.
What this covers
Planning conversations and modelling built on your reconciled books throughout the year, covering the small business deduction threshold, the timing of income and expenses around a corporate year-end, and salary versus dividend mix for owner-managers.
Why the small business rate matters here
A CCPC claiming the small business deduction pays a net federal rate of 9% on active business income up to the C$500,000 business limit, against a general federal rate of 15% above it. Planning around that limit, including associated-company rules that can shrink it, is one of the highest-value conversations we have with owner-managed corporations each year.
Timing that avoids surprises
Because corporate tax is generally due 2 to 3 months after year-end, well before the T2 filing deadline 6 months out, and personal instalments land in March, June, September and December, we build a planning calendar around the earliest date in each case, not the latest.
What we do not do
We model scenarios and flag what a decision could cost or save; we do not provide the kind of formal tax guidance or opinion that requires a credentialed Canadian tax professional's sign-off. Anything that crosses into advice on a specific filing position routes through your appointed Canada-resident adviser, who reviews and approves it before you act.
Built from books that already tie out
Every planning model starts from the same reconciled trial balance your monthly close produces, so a projection reflects your actual year, not a rough estimate built from last year's tax return alone.
Questions
Frequently asked questions: Tax planning support
Is this the same as formal tax guidance from an accountant?
We model scenarios and flag options using your books. Any decision that needs a formal tax opinion or sign-off routes to your appointed Canada-resident adviser.
How does the small business rate affect planning?
A CCPC claiming the small business deduction pays 9% federally on active business income up to the C$500,000 limit and 15% above it, so timing income and understanding associated-company rules around that limit is central to the planning conversation.
When during the year does this planning happen?
Throughout the year, not just before your T1 or T2 deadline, since instalments fall in March, June, September and December and corporate tax is due 2 to 3 months after year-end.
What exactly is included in tax planning support?
Mid-year projection of income and liability, and entity-structure comparison when growth changes the picture. This work runs inside QuickBooks Online or Xero, whichever your business already has in place, and it rolls into your regular monthly close rather than sitting off to the side as a separate, unreconciled process.
What happens to our tax planning support records if we switch providers?
Everything stays inside your own QuickBooks Online or Xero account, so the full history transfers with the subscription, not with Finbryn. You can hand tax planning support to another provider or bring it in-house at any point without losing a reconciliation or having to rebuild the file first.
Is this different from tax preparation?
Preparation reports what already happened. Planning looks ahead so this year's return has fewer surprises on it.
When should planning start?
Mid-year is usually the best window, early enough to still change an outcome, late enough to work from real numbers.
What is included in tax planning support?
Tax planning support covers mid-year projection of income and liability and entity-structure comparison when growth changes the picture. The exact scope is agreed and set out in writing before work starts, so you know precisely what is and is not covered before the first deliverable arrives.
How is tax planning support priced?
Pricing for tax planning support depends on your transaction volume, the software you use, and how much cleanup is needed before ongoing work starts. Current ranges are published on the pricing page, and your exact fee is confirmed in writing before anything begins.
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Industries
- Startups and VC-backed companiesBookkeeping and reporting for early-stage, venture-backed companies watching burn, runway and investor reporting closely.
- Professional servicesBookkeeping for professional service firms such as engineering, architecture and IT consulting billing clients by project or retainer.
Next step
Talk to the team that would run your books
A short call covers your setup, your software and what a first month would look like. You get a written scope and price after it.