Corporate tax

Year end tax planning checklist for Alberta corporations

By Gurjinder Dhillon, CPA, CGA, MBA,Published November 9, 2026,6 min read

CPA and Alberta corporation owner reviewing year end tax planning

Quick answer

Before year end, an Alberta corporation should review projected income, owner compensation, capital purchases, shareholder loan balances, bad debts, inventory and corporate tax instalments with its CPA.

Key takeaways

Planning is more useful before December 31.
Owner compensation should be considered with the full corporate picture.
Keep decisions documented and aligned with the books.

Project taxable income early

A current forecast gives owners a better base for decisions about spending, compensation and cash management.

Review owner compensation

Salary and dividends create different payroll, RRSP and cash flow effects. The right mix should be reviewed in context.

Check the balance sheet

Shareholder loans, obsolete inventory, aged receivables and deferred work can all require attention before year end.

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Sources & review

Reviewed by Gurjinder Dhillon, CPA, CGA, MBA. Check current primary guidance before acting on filing dates or tax questions: Canada Revenue Agency (opens in new tab) and WCB Alberta (opens in new tab).

Last updated November 9, 2026