Robert Ng, CPA Professional Corporation


Tax Accountant London, Ontario

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Do you have tax questions?

We are here to help you with an astute tax plan that minimizes taxes and optimizes personal wealth.

Frequently Asked Questions:


1What services do you offer?
Our services are divided into two main categories:
1. Corporate Tax – i.e. Corporate tax returns, Tax planning & Asset rollovers, HST, Payroll, Investment company tax.
2. Corporate Accounting and Advisory – i.e. Controller/CFO advisory, Assistance with External audit, Not for Profit Accounting, QuickBooks setup and App integrations.

See our Corporate Tax or Corporate Accounting and Advisory page for more examples of services offered.
2Where is your office?
Robert Ng, CPA is a local firm and located at 201 King Street in London, Ontario. Use the Contact Us page if you would like to make an appointment.
3I need help preparing my corporate taxes, but do you also offer bookkeeping services?
Robert Ng CPA can manage your back-office functions such as bookkeeping, payroll, HST and corporate tax preparation.
4I am thinking of incorporating my business in London, Ontario – what do I need to know?
Incorporating a company to hold your business assets should be thought out carefully as operating through a corporation is much more complex but offers many advantages.
See the article Considerations for Incorporating a Small Business for a more in-depth discussion.

An incorporated company must file a tax return with the Canada Revenue Agency. Corporate tax returns in general are more complicated than personal returns.

Robert Ng CPA Professional Corporations prepares Notice to Reader financial statements which enables the accurate disclosure of financial information and calculation of taxable income for Canadian Controlled Private Corporations.
5I need an accountant to integrate QuickBooks Online (QBO) with my practice software and other applications, can you help with this?
Yes, we provide full-service accounting for small business. We first determine the needs of our clients and help them either integrate their desired software or provide recommendations on applications that can help improve their businesses.
6I need tax advice in restructuring my corporation, do you specialize in tax?
Yes, corporate tax planning for private companies is a core service offering of Robert Ng, CPA. We offer personalized advice for complex technical issues while providing a high level of confidentiality and customer service.
7I need a tax plan to forecast taxes for my company and individually, what is required for this?
Depending on the complexity and number of income sources, determining your overall tax position may be a simple or more involved task. To most accurately determine your taxes, preparing scenarios using the most current tax rates and legislation helps ensure our clients receive the best advice to minimize their tax position.
8Where can I find an online corporate tax calculator?
There are several good tax calculators/tables provided for free by national tax firms. Here are some links to useful and reliable sites:
1. KPMG's Corporate Tax Table for Canadian Controlled Private Corporations (CCPCs) - Current as of June 30, 2019
2. Ernst And Young's Corporate Income Tax Rates - Current as of June 15, 2019
3. Ernst And Young's Personal Tax Calculator. This calculator is very useful for estimating how much tax may be owed on additional amounts of income received over a base amount (i.e marginal tax rate).
9How do the Associated Corporation rules impact my small business deduction?
Companies that are associated must share the $500,000 small business deduction ("SBD") limit. Section 256 of The Income Tax Act contains specific rules on when corporations are associated. Generally, Canadian Controlled Private Corporations will be associated when there is common control between companies

As of July 2019, small businesses in Ontario pay a combined federal and provincial tax at 12.5% on the first $500,000 of taxable income and 26.5% on any excess.
It is important for small business owners to consider the implications of these rules when entering into transactions such as issuing or redeeming shares, appointing directors, and transacting with non arm’s length parties, to ensure sharing of SBD is avoided where possible.

If you need an assessment of a proposed transaction, please send a message through the contact us page or call us on the phone. .

Where we are:

Downtown London, Ontario in the Innovation Works building

Phone/SMS: (519) 474 0829
Toll free: (877) 474 0829
Fax: (519) 474 0830

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