In Ottawa & The Ottawa Area

Full Service Corporate Accounting & Taxes

Great accounting is the fundamental pillar of a great business. Philovera Accounting and Tax will ensure your company not only has a great tax strategy, but also that you execute on the strategy. Let our team handle all your tax issues, so you can handle making more profit in your business.

Stop Overpaying The CRA. Choose Accountants That Save Your Money

Peace of Mind

Having accurately prepared and CPA certified T2 corporate filings ensures you can sleep at night knowing your filings are accurate.

Maximize Deductions

Philovera Accounting will ensure that your business takes as many deductions and credits as possible to reduce your tax bill this year!

Tax Planning

Our team will work with you year-round to ensure that you pay less even less corporate tax in the coming fiscal year!

Avoid CRA Penalties

Our certified tax experts will ensure that your T2 filing is 100% CRA compliant. Helping you to avoid CRA penalties.

The Philovera Accounting and Tax Process

We Keep Your Financials In Check

Planning

If you don't have a plan you will always pay more the CRA more than you need to. Our team of experts will work with you to develop the ideal plan to ensure that you are paying as little corporate tax as possible.

Execution

No strategy is a good strategy without proper execution. Our team will ensure that your tax plan adapts as your business changes.

Filing

The core of our business is ensuring that all your corporate taxes are prepared and filed correctly and on time with the CRA.

Do It Right Contractor

In our recent collaboration with this accounting firm, I must say that they exceeded our expectations. All tasks were completed promptly and any inquiries were promptly addressed. Working with them was a breeze. I strongly urge small business owners to consider reaching out to them.

Accountants You Will Love

Discover A Relaxing Tax Season

We hear too many stories of business owners who are stressed about their corporate taxes even though they work with an accounting firm. At Philovera Accounting and Tax our goal is that you won't have to worry about your taxes.

2 Year Client Retention

95%

Client Satisfaction

99%

A Glimpse Into Our Business

We Believe Accounting Should Feel Almost Effortless for Our Clients

That's why we strive to provide all our clients with:

A relaxing tax season
No late fees from the CRA
No surprise documentation requests
No late nights worrying about your taxes

8+

Years of experience working with Ottawa's businesses

100+

Corporate clients

100%

Of employees are based in Canada

Meet The Partner

Gurek Deol, CPB

As a partner at Philovera Accounting and Tax, I bring 8 years of experience in the Accounting industry to help clients in Ottawa, Ontario, and surrounding areas. We pride ourselves on providing efficient services, with same-day turnaround for all your bookkeeping and tax needs. Trust me to deliver accurate and reliable financial solutions tailored to your specific requirements.

What Our Clients Say About Us

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Frequently Asked Questions

What is the Corporate Tax Rate?

The federal corporate tax rate is 9% and Ontario's provincial corporate tax rate is 3.2%. Combined, corporations in Canada pay 12.2% in corporate taxes.

How Should I Prepare for Tax Season?

Realistically, tax preparation should be taking place year-round so that you can enjoy a stress-free tax season. Tax preparation starts with a good filing system. Create one for your business records that works for you. Keep clear records of anything your business may be eligible for as a deduction and any expenses that are important to note. Knowing what you’ll need a year in advance can be a little difficult, so we recommend speaking with an accountant.

How Should I File My Taxes?

Income tax season can seem like a nightmare for some businesses, but it doesn’t have to. With proper tax preparation throughout the year, knowing when and what your business needs to file, and with a little help from an accountant, filing your taxes can be simple. Ready to make tax season easy? Get in touch today.

How Do I Calculate Capital Cost Allowance?

Capital cost allowance (CCA) allows Canadian businesses to claim depreciation expenses for capital assets under the Income Tax Act. How much CCA you can claim each year depends on when you acquired the property and the CCA class to which it belongs. The CRA has assigned classes to particular types of depreciable property, and there are assigned rates for each class.

Can I File My Own Corporate Taxes in Ontario?

All resident corporations must file a T2 return for every tax year, even if no tax is payable. This includes non-profit organizations, tax-exempt corporations, and inactive corporations. Philovera Accounting and Tax can take the headache out of filing your corporate income tax return by either letting us act as your corporate tax accountant or by providing corporate tax services to ensure you file a corporate income tax return that triggers the least amount of corporate tax payable.