Zwan Tax filing and Bookkeeping Services

06/30/2025

Why CRA Audits ITCs on GST Returns?

CRA wants to confirm that:

1. Expenses are eligible for ITCs (i.e., related to commercial activities).

2. Invoices meet CRA standards (must include supplier GST number, date, business name, etc.).

3. ITCs are not claimed twice or on exempt supplies.

4. Business is not mixing personal and business expenses.

5. Business is not claiming ITCs during periods when it wasn’t registered or wasn’t carrying on commercial activity.

🚨Common red flags:

Large ITC refunds relative to revenue.

High ITCs claimed in the startup phase.

Claiming ITCs without supporting documents (receipts, invoices).

Frequent amendments to past GST returns.

06/22/2025

👉Are paper T2 returns still accepted by the CRA?

Yes—but only in very limited circumstances.

As of 2025, most corporations must file T2 returns electronically or face a $1,000 penalty .

Exceptions allowed for paper returns include:

`n Insurance corporations

`n Non-resident corporations

`n Corporations reporting in a functional currency

'n Corporations exempt under section 149 of the Income Tax Act

Some companies undergoing liquidation or experiencing unique operational constraints, pending CRA approval .

If your corporation doesn’t fall into one of these categories, CRA no longer permits paper filing, and electronic filing is mandatory.

📢Failure to comply may result in significant penalties—and the CRA is serious about enforcement.

📩Let me know if you need to file Federal Corporation Tax return T2, GST tax return, HST tax return

💡I am available to your help

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This link will take you to a page that’s not on LinkedIn

06/13/2025

Do you own a Canadian Controlled private corporation CCPC ?

on Your T2 Corporate GST HST returns ?
help with Canadian Corporation taxes?

06/12/2025

06/12/2025

Owners having small corporation/Businesses🚀
When it comes to filing your corporation tax return with the CRA, which option would you choose?
1️⃣ A local accountant with limited knowledge charging $1100 to $2200 CAD for tax preparation services.
OR
2️⃣ A certified CPA/Accountant offering the same services for just $250 to 350 CAD with a 6-month follow-up remotely.
The choice seems clear, right? High-quality service at a fraction of the cost!
If you're looking for a CPA to handle your corporation tax return preparation and e-filing with CRA at just $250 to 400 CAD, I am available to help.
Nill T2 tax price is only 50 CAD.
Don't worry about, I am also filing past year Taxes from 2018.
Drop your comments below or reach out to me directly for more information. Let's make tax season stress-free and affordable! 💼📊

06/10/2025

Zwan tax return filing Services

12/12/2024

One of our client review about our services.

Thank you TOM for your words❤️❤️❤️

12/04/2024

We have been using Tariq Accounting ltd for 2 years to and we are extremely happy of the quality and efficiency of the services provided.

10/20/2024

➡️This what we are providing.
Reliable Services.

filing for Canadian Corporations
Do business with us

10/20/2024

My Profile Link on Fiverr.

06/05/2024

💰 Owners on having small corporation/Businesses🚀

When it comes to filing your corporation tax return with the CRA, which option would you choose?

1️⃣ A local accountant with limited knowledge charging $1100 to $2200 CAD for tax preparation services.

OR

2️⃣ A certified CPA offering the same services for just $250 to 350 CAD with a 6-month follow-up remotely.

The choice seems clear, right? High-quality service at a fraction of the cost!

If you're looking for a CPA to handle your corporation tax return preparation and e-filing with CRA at just $250 CAD, I am available to help.

Don't worry about, I am also filing past year Taxes from 2018.

Drop your comments below or reach out to me directly for more information. Let's make tax season stress-free and affordable! 💼📊