CTS & Associates

Looking for help with SR & ED Tax Credits, EI Refunds, Apprenticeship Tax Credits or other areas of potential Tax Recovery - We can simplify the process for you , just give us a call!!

We Pride Ourselves On: Providing you with an optimal recovery, maximizing your savings, minimizing your future costs.
We Offer A professional, effective approach to recovery that puts money back into your company and provides you with the knowledge necessary for future tax planning and saving.
We Provide A guarantee that if there is no refund there is no fee.

The fee is contingent upon results.

We Service: All of Ontario and the GTA including Toronto, Mississauga, Ottawa, Kingston, Belleville, Peterborough, Trenton, Kitchener, Waterloo, London, Guelph, Hamilton, Niagara Falls, Muskoka, Huntsville, St Catherines, Oakville, Brampton, Milton, Concord, Vaughan, Richmond Hill, Thornhill, Aurora, Newmarket, Markham, Pickering, Scarborough, Whitby, Etobicoke, Ajax, Oshawa, and more

Our History

CTS & Associates was started by Anthony H. Craig C.A. in 1988. Tony had spent 10 years as an Auditor with Revenue Canada, Sales Tax before deciding to start his consulting firm. Prior to leaving Revenue Canada Tony had been part of a teaching team providing instruction on new taxation matters to other auditors.

Since starting CTS Tony has assembled a team of professionals who are expert at identifying refund opportunities in several, varied areas. These include Research & Development, GST, PST, Employer health Tax, Payroll Taxes, VAT, Duty, Freight and Brokerage. We also perform system reviews in Workplace Safety & Insurance and Property taxes.

All reviews are conducted in a timely, cost effective and unobtrusive manner. Your staff time is never compromised. Our people do all the work.

It is irrelevant whether or not you have been reviewed by another firm. We pride ourselves on our ability to follow our competition into clients and still come up with refunds that have gone undetected. Similarly we are not discouraged if you have just been audited by a Government Dept. Government mandates are traditionally to look for underpayments not overpayments.

If there are refunds available to you CTS is the company that will be able to ensure that you recover them. We know where to look and what to look for. Although we pride ourselves on our ability to detect errors and missed credits that occur due to oversight our primary strength is being knowledgeable in the key areas and issues in principle that are generally being missed by most companies that we review.

We serve as a complement to both your internal Accounting staff and your external Accounting firm. Daily Accounting functions, Financial Statement preparation and Income Tax planning are the usual mandates of the other Accounting professionals whom you depend upon. We do not get involved in these areas. Our expertise lies in being specifically focused on the current and changing areas of refund opportunities that are continually evolving in our various other systems of taxation. Our commitment to this focus ensures that you as our client would be ensured of taking advantage of all the potential refund/credit opportunities available to you.

Our experience extends to all Business sectors.

Another advantage of working with us is that once you become aware of the varied areas of refund opportunity you would be able to apply this knowledge to your future transactions.

We also offer a continual year round hot line tax service. If you have any questions after our review or at any time thereafter as our client you are entitled to call us.

We look forward to working with you.

Areas of Expertise
Employment Insurance Premium Refunds
Most members of family businesses are unnecessarily paying Employment Insurance Premiums costing themselves and their companies thousands of dollars per year. If these family members were to ever try and collect benefits they would be denied. The claim process has to be done meticulously or it can result in denial of claim and impede any claim process in the future. Let us recover these monies on your behalf as we have for thousands of clients over the past several years.

SR&ED (Research & Development)
SR&ED is a highly specialized, technical area of refund opportunity. Many companies are unaware that they could qualify for this type of refund because they do not feel that they are doing any type of SR&ED. Our experience has shown us that as long as the company has undertaken to develop a new product, product/improvement, new or innovative concept or development and improvement of in-house production equipment there is an excellent chance of the SR&ED claim being successful.

Apprenticeship Training Tax Credits
We make sure that you are taking advantage of the credits available to you pertaining to any eligible apprentices that you have on payroll or have had on payroll since 2004. These types of credit/refund applications have to be done in accordance with strict Govt. regulations otherwise they can be held up or denied. Let us assist you with this process so that your company can receive these refunds/credits as quickly as possible.

Other Corporate Tax Credits
There are several other varied types of Corporate Tax Credits that companies are not taking advantage of. It does not hurt to review what your company has taken. There may be credit opportunities available to you that have not so far been addressed. To miss out on these opportunities would result in an unnecessary impairment of your cash flow.

Fuel Refunds for Aviation Companies
We have generated substantial fuel refunds for numerous Aviation companies over the years. Our unique system/technique that is approved by CRA short circuits the usual onerous paperwork burden with a minimal effort and results in significant refunds for end-use Aviation firms.

G.S.T. / H.S.T
A review of ITCs taken will ensure that you are taking the maximum amount of ITCs available to you. Most companies take advantage of the GST input tax credits, that they see on their suppliers invoices. However they tend to miss the GST/HST refund opportunities that are "hidden" in the legislation.

We make sure that you are taking all of your available ITC deductions.
P.S.T.
We are very successful in finding items that have slipped through the system or identifying recovery areas not generally well known

Don't be complacent in thinking that you are taking advantage of your exemptions in PST simply because you have a PST number and "buy everything exempt". Our review usually shows that in fact exemption opportunities are being missed & recoveries are available.

A review of Provincial Sales Taxes will identify missed exemptions and refund opportunities.
Q.S.T.
Companies remitting QST are often unaware of available ways to reduce QST liability & obtain refunds in this area..

We make sure that you are taking all your available QST deductions.

DUTY
We have extensive experience with Drawbacks, Refunds, Remissions and NAFTA. A review in this area could produce substantial savings. A solid understanding of the NAFTA values is necessary to ensure that available duty relief is attained.

During a Duty Review we review how you are dealing with your opportunities under NAFTA and the Harmonized System of Tariff Classification. We examine your potential with regards to Drawbacks and Refunds.
Workplace Safety & Insurance
We are successful in providing cost savings to the client in the areas of both Claims and Rates. Costly WSIB premiums can be reduces through system review & understanding the principles of NEER and CAD.
E.H.T.
Determining the correct amount of EHT payable necessitates a thorough understanding of the EHT legislation. If you believe that all you have to know is the correct rate then you are probably paying too much. Our review ensures that you will be taking advantage of ways to minimize premiums and generate a probable recovery.

V.A.T.
We know the rules, regulations and procedures necessary to ensure effective recovery of this overseas tax.

U.S.A. State sales & Use Taxes
We are knowledgeable in the refund provisions pertaining to these American taxes.
US Taxes on Gambling winnings
We are able to recover US taxes withheld on winnings earned in US casinos (i.e. Las Vegas). We do all the paperwork and ensure that applicable taxes originally withheld are returned to you.

Property Tax
We have the expertise necessary to ensure that you are not overpaying this tax.
Freight / Brokerage
We are able to negotiate substantially lower rates on your behalf.
Lease Operating Costs
We review your lease to ensure that you are not being overcharged.