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 accounting services do you offer?
Our accounting 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 Fund Accounting, QuickBooks setup and App integrations.

See our Corporate Tax or Corporate Accounting and Advisory page for more examples of services offered.
2How much do you charge?
Our fees are based on the accounting service provided and time required to complete the service. We keep our costs to a minimum & implement the latest technology to deliver the best possible value to our clients. Use the Contact Us page for a free 1/2 hr. consultation.
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.

For assistance contact us page or call us on the phone.
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.

For assistance contact us page or call us on the phone.
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.

Examples of QBO applications we can help implement:

- Receipt Bank
- Hubdoc
- Futrli Reporting
- Expensify
- Spotlight Reporting

For assistance contact us page or call us on the phone.
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.

For assistance contact us page or call us on the phone.
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.

For assistance contact us page or call us on the phone.
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.
10What services do you offer to Not for Profit organizations?
Our local Not for Profit Organization clients generally require accounting assistance with fund accounting & year end completion.

We work with internal bookkeepers to deliver high quality financial information to the external auditors.
This service enables auditors to remain fully independent from the internal accounting function.

We also provide ad-hoc advice on items such as
- CRA information returns
- payroll
- cash flow management
- internal controls

For assistance contact us page or call us on the phone.
11Do you offer US Tax Services in London, Ontario?
Some of our Corporate/Private Company Tax clients are also US Tax residents. Canadians holding a US Green Card, or maintaining US citizenship can be required to file and report their worldwide income to US tax authorities.

We work with American CPA Tax Specialists to ensure our Corporate clients are compliant in Canada and in the United States at the Federal and State level.

For assistance contact us page or call us on the phone.
12Should I hold investments such as stock/shares or real estate in a corporation?
For various reasons, some investors choose to hold investments and property in holding companies.

In Canada, passive income from investments such as stocks and shares and rental property are taxed at a high rate (~50.4%) in a corporation. The purpose of this regime is to discourage individuals from using corporations to earn passive income at lower rates than they would otherwise pay if they owned the investments personally.

Part of this tax is refundable to the corporation when it pays out taxable dividends to the shareholder(s). This is known as the Refundable Dividend Tax On Hand regime.

If you need help determining the best way to structure your investments, contact us today!

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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