Canada runs on a self-assessment tax system where each taxpayer is responsible for preparing their income tax returns each year to report their income and deductions. Tax laws are very complex, and many Canadians are missing out on legitimate deductions simply because they didn’t know about them. Let us plan and prepare your personal income tax return, using our expertise and knowledge of the tax system to defer and reduce taxes to the minimum amount required by law. Our tax services are virtually limitless and include, amongst others, the following:
Tax planning and financial advice
- shareholder and management compensation
- start-up of a new business
- existing businesses
- wind-down of a business
- use of a bare trust
- transition from sole proprietorship/partnership to corporation
Preparation and electronic filing of T1 income tax return for
- employees (commissioned or salaried)
- professionals
- sole proprietors and partners
- landlords
- investors
- retirees
- non-residents
- students
Compilation and preparation of statement of business activities for sole proprietorship/partnership
Compilation and preparation of statement of rental income
Adjusted cost base calculations and tracking
Calculation of capital gains and losses including sale of real estate
Amendments to returns previously filed
Filing of multiple T1 income tax returns past their due dates
Canada Revenue Agency (CRA) appeals
Voluntary disclosures
Representation in communication with Canada Revenue Agency (CRA)
Cross-border services for individuals resident in Canada, including reporting of foreign income and assets
Cross-border services for individuals not resident in Canada
Application for government family benefits
Administration of payroll and T4 filing for hired domestic help
For information on accounting and consulting for individuals, please click here.