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CPA preparing a corporate tax return for a Canadian manufacturer
Tax for Manufacturers

Tax for Manufacturers

Capital cost allowance on your equipment, SR&ED credits where you qualify, inventory valuation done right, and a corporate return prepared and filed by a CPA. Tax planning built around how a factory earns.

Google ★★★★★ 5.0 from 80+ Google reviews
A full tax service for makers

Manufacturing tax, handled end to end by a CPA

Manufacturers face a tax picture most businesses never see. You buy equipment and machinery that gets written down over time, you may run research and development that earns credits, and you carry inventory that has to be valued correctly at year end. We handle all of it as a complete tax service, from planning through to a corporate return prepared and filed by a Chartered Professional Accountant. Fully virtual, secure digital records, and available to manufacturers across Canada.

Where the savings live

Credits and deductions that fit manufacturing

Capital cost allowance

Equipment and machinery are deducted over time through capital cost allowance, and we claim it correctly so your write downs land in the right years.

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SR&ED tax credits

If you carry out eligible research and development, the SR&ED program offers a deduction against income and an investment tax credit. We assess where you qualify and file it with your return.

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Inventory valuation

Raw materials, work in progress, and finished goods valued correctly at year end, so your taxable income reflects real cost, not guesswork.

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Credit eligibility and rates depend on your situation. We confirm what applies to you against current CRA rules before we file. See the CRA overview of the SR&ED tax incentives.

What we file

Your manufacturing tax filings

Corporate Tax (T2)

Your federal corporate return prepared and filed by a CPA, within six months of your fiscal year end.

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HST and GST Filing

Sales tax returns filed on time, with input tax credits on your inputs claimed in full.

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SR&ED claims

Research and development claims prepared and submitted with your corporate return where you qualify.

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Tax planning

Year round tax services that time purchases, credits, and income to keep your bill as low as the rules allow.

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Why manufacturers choose us

A CPA who understands your cost base

Prepared and filed by a CPA

Your corporate return is prepared and filed by a Chartered Professional Accountant, not seasonal software or a part time preparer, so it is accurate and ready for CRA review.

Equipment written down right

We apply capital cost allowance to your machinery and equipment so those major purchases are deducted over time, in the correct classes and years.

Credits you may be leaving behind

Many makers never claim the research and development work they already do. We check your SR&ED eligibility and file it properly through corporate tax (T2).

A standalone tax partner

We file for manufacturers whether or not we keep their books. Prefer both in one place? Pair this with bookkeeping for manufacturers.

$10M+
accounts managed
1,000+
months of books completed
4
offices across the Ottawa region
5.0
average Google rating
Client reviews

Rated 5.0 by our clients on Google

Google
Robby Brown profile picture
Robby Brown
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E-commerce can get complicated fast with fees and multiple payment platforms. Better Books Canada broke it down in a way that actually made sense. Reports arrive on time and highlight what needs attention. It’s been easier to focus on growth instead of trying to reconcile transactions late at night.
Google
Emily Tomlinson profile picture
Emily Tomlinson
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Books are current and organized. Makes day to day operations easier. Happy with the support!
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Ezekiel Luanda profile picture
Ezekiel Luanda
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This firm is amazingly detail focused and client centric. I have been using them since the conception of my business and without their expertise and dedication to the numbers of it all I would not be able to flourish the way I am. Furthermore, Bashar is personable, patient, incredibly knowledgeable, timely, trustworthy, genuine and all around a total win to have on any team for financial services.
Google
Tatiana profile picture
Tatiana
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As a consultant working with federal clients in Ottawa, I needed someone who understood proper documentation and clean records. The team organized everything and set up consistent reporting so nothing slips through the cracks. It has saved hours every month. Things just feel under control now.
Google
wesley bailey profile picture
wesley bailey
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Appreciate the consistency. Reports come in on time and make sense. That’s really all that was needed.
Google
Pierre Frederick profile picture
Pierre Frederick
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Bashar is incredibly competent, knowledgeable and honest. He is not a bookkeeper that likes to meddle in grey areas. He has worked for the CRA and does everything he can to protect and inform his clients. He provides an incredible amount of value compared to the amount that he charges, and it’s truly been a pleasure working with him. I highly recommend Bashar if anyone is looking for bookkeeping services in Ottawa.
Google
Rehoboth Mubedi profile picture
Rehoboth Mubedi
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Professional and well-run business. Bashar was friendly, efficient, and knowledgeable, and the office was clean and easy to access. Everything was handled smoothly from start to finish. Highly recommend.
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Let a CPA handle your manufacturing tax

Book a free 30 minute consultation. We will walk through your equipment, inventory, and any research and development, then map out the credits and deductions your business can claim.

Help center

Manufacturing tax FAQs

Your corporate return (T2) is prepared and filed by a Chartered Professional Accountant (CPA). It is reviewed for accuracy and compliance and built to stand up to CRA review. You can read more about our corporate tax (T2) work.
Equipment and machinery are capital assets, so they are not fully deducted in the year you buy them. Instead they are written down over time through capital cost allowance. We apply the right classes and rates so the deductions land correctly year to year.
Yes, where your work qualifies. The SR&ED program gives eligible businesses a deduction against income and an investment tax credit, and claims are submitted with your income tax return. We assess your eligibility and prepare the claim. Details are on the CRA SR&ED page.
Yes. We prepare and file your HST and GST filing and make sure the input tax credits on the materials, equipment, and supplies you buy are claimed in full.
Corporations file their T2 within six months of their fiscal year end. Any balance owing is generally due sooner, so we plan ahead with you to avoid interest. We track your dates so nothing is missed.
No. Our tax services stand on their own. We file for manufacturers whether or not we handle the bookkeeping, though many clients choose to pair the two. Explore the industries we serve.
No. Everything is handled online with secure digital records, so there is nothing to drop off or pick up. We work with manufacturers throughout Canada, not only in Ottawa.
Locations

Find us across the Ottawa region

Downtown Ottawa

116 Albert St, Suites 200 & 300
Ottawa, ON K1P 5G3

(613) 410-8202
Kanata

1000 Innovation Dr, Suite 500
Ottawa, ON K2K 3E7

(613) 509-1309
Orléans

114 Chancery Crescent
Orléans, ON K4A 4N3

(613) 454-1399
Embrun

867 Notre-Dame St
Embrun, ON K0A 1W0

(613) 510-0230
Open Monday to Friday, 8AM to 8PM at every location.