FREQUENTLY ASKED QUESTIONS (FAQ)
Yes. Diamond CPA is a Scarborough-based firm serving Scarborough, Toronto, and the GTA.
Absolutely. We specialize in incorporated companies and Canadian-Controlled Private Corporations (CCPCs). Our services include corporate tax returns (T2), bookkeeping, payroll, year-end financials, tax planning, ongoing CRA compliance, etc. for incorporated companies.
Yes. We use proactive, forward-looking tax planning strategies to help clients minimize taxes while remaining fully compliant with CRA guidelines. We evaluate deductions, credits, income splitting, corporate structures, long-term planning opportunities, etc.
Yes. Diamond CPA works extensively with medical professionals including doctors, surgeons, family physicians, specialists, dentists, clinics, chiropractors, optometrists, medical professional corporations (MPCs), etc. We provide tax planning, compensation strategies (salary vs dividends), corporate structuring, RRSP advisory, bookkeeping, & CRA compliance tailored to healthcare needs.
Yes. We provide both in-person & secure virtual accounting services across Ontario & Canada. Many clients prefer virtual services for faster turnaround, convenience, and secure document sharing through encrypted platforms.
Yes. We provide professional CRA audit support, review handling, and tax dispute assistance. We represent you in communication with the CRA, help gather required documentation, explain assessments, and work toward fair resolutions.
Yes. We guide new business owners through incorporation, tax registration, bookkeeping setup, payroll configuration, HST/GST registration, and initial tax planning. Proper setup in year one can prevent major tax issues later.
Yes. We regularly manage both personal & corporate tax filings for business owners, incorporated professionals, and families. This creates better tax co-ordination and allows us to optimize results across both personal & corporate levels.
Yes. We offer bookkeeping, preparation of financial statements, payroll processing, WSIB remittances, T4/T5 slips, HST returns, and expense tracking services which support small and medium-sized businesses, clinics, & incorporated professionals.
We provide year-round support, not just during tax season. Clients can access ongoing advisory, CRA support, bookkeeping, financial planning, and tax strategy throughout the year to ensure compliance and proactive decision-making.