Private Corporations

Schedule a call

Get in touch with us for a free initial consultation
Contact us

Subscribe to our newsletter

The latest news and insights, straight to your inbox
Sign up now

Request a quote

We offer free quotes for individuals and businesses
Contact us

Did you know that operating your business through a private corporation can allow you to access one of the lowest income tax rates in the world? Arguably one of the best advantages of incorporating your active Canadian business is the ability to defer taxes at a low 11% tax rate on the first $500,000 of taxable income and 27% on any excess taxable income. That is significantly less than the highest personal marginal rate of 54%.


Private corporations also have tax planning opportunities to split income with family members, potentially claim a tax-free capital gain on qualifying private company shares up to $892,000, and transfer wealth to the next generation through family trusts, to name a few.


Clearline CPA can help you make the most of these opportunities. Together, we will create a plan and strategy to minimize tax and achieve your objectives, all the while dealing with the Canada Revenue Agency so you don’t have to.


  • Year-end financial statements:
    • Compilation
    • Review
    • Audit
  • Corporate tax return (T2) filing
  • Trust return (T3) and dividend (T5) filing
  • Tax projections and planning for shareholders
  • Strategic tax and estate planning
  • Corporate restructuring
  • Family trusts
  • Business acquisition and sales consulting
  • Mergers and acquisition consulting

CEBA Repayment Deadline

The Canada Emergency Business Account (CEBA) program was initiated to provide financial assistance to small…

ICBA Construction Innovation Summit

. Clearline CPA is attending the ICBA Construction Innovation Summit in Vancouver, BC. ICBA’s first-ever…

Immediate Expensing Reminder

Budget 2021 allowed the immediate expensing of certain property acquired by Canada Controlled Private Corporations…

UHT Final Reminder

We would like to remind our clients about the deadline for filing Underused Housing Tax…

What is the GST/HST Program?

The goods and services tax (GST) is a tax that applies to most supplies of…

Small Businesses, This Crisis is Telling You That It Is Time to Modernize Your Processes

One of the silver linings, if there is such a thing, of the COVID-19 crisis…

The Benefits of Family Trusts

Recent changes in legislation have left individuals questioning the benefits of a Family Trust (“FT”).…

Financial Statement Reporting – What are your Options?

    There are three levels of reporting that a CPA firm such as Clearline…

Thought Leadership

Practice Leaders

Dave Block

CPA, CA, Principal

Dave focuses on holistic strategies for owner-managed businesses, ensuring goals integrate with both corporate and personal planning.


Jeff Block

CPA, CA, Principal

Jeff focuses his expertise on providing accounting and tax advice to business owners, professionals and private companies.


Bilal Kathrada

CPA, CA, Principal

Bilal primarily focuses on income tax and succession planning for Canadian owner-managed businesses in various industries.