CPIT Corporate Planning Initiative for Tax
The Corporate Planning Initiative for Tax (CPIT) helps business owners develop a comprehensive corporate tax plan to manage their tax liability.
The program subsidizes the cost of working with a CPIT-approved tax planner and provides a bonus Corporate Tax Credit (CTC) refund ranging from $5,000 to $50,000 upon successful implementation of the tax plan.
Application Deadline: Monday, March 31, 2025
Please note that CPIT is currently a pilot project and only available to eligible businesses in Alberta, British Columbia and Ontario. Our current service standard for bonus CTC refunds is 30 calendar days from the day of implementation.
What is the Corporate Planning Initiative for Tax?
CPIT is a corporate tax planning initiative aimed at providing businesses with the resources and financial assistance required to implement advanced tax strategies. Whether you’re looking to improve cash flow, optimize tax credits, or stay compliant with the latest regulations, CPIT gives you the tools to succeed.
With CPIT, your company can receive the financial support needed to establish or enhance your corporate tax planning efforts, reducing tax burdens and maximizing profitability.
CPIT is available to small, medium, and large Canadian businesses that are looking to:
- Reduce tax liabilities through effective planning.
- Gain access to expert tax advisors and tools.
- Optimize their corporate structure for tax efficiency.
- Develop long-term tax strategies to support business growth.
Program Goals
The Corporate Tax Planning Initiative aims to achieve the following outcomes:
Proactive tax planning involves anticipating future tax obligations and making strategic decisions to minimize liabilities before they arise. By actively planning, businesses can optimize their financial strategy, reduce tax burdens, and ensure compliance with changing tax laws. It’s the key to maximizing savings and avoiding costly surprises.
Tax savings are essential for improving your bottom line. By identifying and leveraging deductions, credits, and exemptions, businesses can reduce their taxable income and minimize their tax liabilities. This translates directly into more retained earnings, allowing for reinvestment and growth opportunities.
Improving cash flow is critical for maintaining day-to-day operations and funding future growth. By optimizing your tax strategy, you can free up more working capital, ensuring your business has the financial flexibility to take on new opportunities, invest in innovation, and weather unexpected challenges.
Profit retention is about ensuring that more of your hard-earned profits stay within your business. Through effective tax strategies and financial planning, businesses can preserve their earnings, reinvest in growth, and build a more secure and sustainable future.
Eligibility Requirements
To qualify for the Corporate Planning Initiative for Tax (CPIT), businesses must meet the following requirements:
- Be a Canadian-owned private corporation
- Have a minimum net corporate income of $150K OR liquid corporate net-worth of at least $750K
- Demonstrate a positive track record of financial stability and growth
- Operate as a for-profit business
- Have been in business for at least 2 years
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