The Corporate Planning Initiative for Tax (CPIT) program helps eligible businesses of all stages access corporate tax strategies previously only available to companies with dedicated financial expertise and high net-worth individuals.
The program:
✅ fully covers the cost of working with a CPIT-approved tax advisor (up to $15,000)
✅ provides a Corporate Tax Credit (CTC) ranging from $5,000 to $50,000 upon successful implementation of the tax plan
✅ allows business owners to pay less taxes over the life of the business—often in excess of $250,000 in tax savings
Application Deadline: Monday, March 31, 2025. See Eligibility Criteria.
Space is limited. Applications are processed on a first come, first serve basis.
Most Canadian businesses are unaware of corporate tax strategies that are available to them such as holding companies, trusts, corporate insurance, or other tax-incentive programs.
To qualify for CPIT, your business must meet the following criteria:
Eligible businesses should also comply with Canadian regulations, including human rights, labor, and environmental standards.
Application Deadline: Monday, March 31, 2025
Space is limited. Applications are processed on a first come, first serve basis.
Ready to apply? Here's what to expect:
Application Deadline: Monday, March 31, 2025
Space is limited. Applications are processed on a first come, first serve basis.
Henry, a business owner from Vancouver, BC, used the CPIT program to create and implement a corporate tax plan that greatly reduced his tax liabilities. By age 85, at death (assumed), Henry will save a cumulative $386,622 in taxes.
Application Deadline: Monday, March 31, 2025. See Eligibility Criteria.
Space is limited. Applications are processed on a first come, first serve basis.
How much funding can I receive?
Eligible businesses qualify for grants between $5,000 and $50,000 to cover the costs of implementation of a tax plan. In addition, we estimate most business owners will have an excess of $250,000 in tax credits savings over the lifetime of the business, although there is no limit to the amount of corporate tax credits a business can save.
Do I need to pay anything to apply?
No. Applying for CPIT is free, and any costs associated with creating a tax plan with a CPIT-approved advisor is fully covered by a grant of up to $15,000. This is aligned with the programs' goal to ensure that eligible businesses can start their tax planning process.
How long does the application and approval process take?
We encourage business owners to apply early and have your documents ready for faster approvals. Generally, processing times can be as quick as a few weeks or up to several months, depending on a number of factors, such as document readiness, the advisor’s availability, and the number of applications being processed.
Grant disbursements are generally processed within 30 days after successful Implementation of the plan. For up to date information on current application processing times, book a call with a CPIT-approved advisor.
What documents are required to apply?
No documents are needed when you apply. However, once you book a call with a CPIT-approved advisor, businesses are asked to provide the following documents to confirm eligibility:
- Financial statements from the past two years
- Proof of Canadian ownership (corporate registration documents)
- Identification (e.g., driver’s license or passport)
- Bank and investment statements to verify net worth
What if I don’t have all my financial documents ready?
It’s best to have these documents on hand for a faster process, but CPIT advisors can guide you in gathering the necessary paperwork. This program is designed to be accessible, so don’t let missing documents prevent you from applying.
Can I apply if I already have a corporate tax plan?
Yes, if you have an existing corporate tax plan, a CPIT-approved advisor can work with you to determine if there are necessary modifications to your existing plan. You may still be eligible for certain benefits if adjustments are made to align with CPIT guidelines. For more information, book a call with a CPIT-approved advisor.
Are there any ongoing commitments after receiving CPIT benefits?
Yes. Businesses must continue to adhere to their CPIT-approved tax plan for at least two years to maintain eligibility. This ensures sustained tax savings and compliance with program requirements.
How does CPIT differ from working with a regular accountant?
CPIT-approved advisors specialize in corporate tax planning specifically aimed at reducing long-term tax liabilities. Unlike standard accounting, which is often focused on compliance and bookkeeping, CPIT advisors provide a strategic approach to help businesses maximize savings over time and would not replace your regular accountant.
What happens if I change my corporate structure or sell my business?
This is not a problem. In fact, this is one of the reasons for implementing a CPIT tax plan as part of your exit strategy or succession planning to reduce your tax obligations. However, as major changes to your corporate structure or ownership could impact your CPIT eligibility, it’s important to discuss this with your CPIT advisor. For more information, book a call with a CPIT-approved advisor.
Is the CPIT program available across Canada?
Currently, CPIT is available as a pilot program in Alberta, British Columbia, and Ontario. Additional regions may be added as the program expands after the pilot ends on March 31, 2025.
Don't see your question answered?
For more information, book a call with a CPIT-approved advisor. They can help answer you based on your unique situation. It's free to get start.
