Taxation
Yearly income tax returns are obligatory for salaried individuals, contractors and business owners alike. The return paperwork reports the sum of the previous year’s taxable income, tax credits and other relevant information.
Income tax filing can be complex. The dedication and care that a tax specialist puts into a tax return can mean the difference between a refund given by the government or an amount to be paid. Our experienced staff is well educated on the federal tax code and uses proven strategies to lower tax-liability and find the advantages you are entitled to.
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Step 1
Documents gathering
We start by gathering your financial documents such as tax slips, receipts, financial statements, etc.
List of documents -
Step 2
Entry of information
We then enter all the gathered information into CRA-approved software
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Step 3
Tax return
After processing, we provide you with a complete tax return ready for filing
Personal
All Canadian residents need to file annual taxes in order to receive credits and benefit payments. You may also be required to file taxes on behalf of a relative who has passed; or on behalf of someone you are acting as a legal representative for.
Sole-Proprietorship
A sole proprietorship is an unincorporated business owned by one or more individuals in a partnership. As a business owner you are responsible for all financial risks and rewards associated with your business. Sole proprietorship tax filing is often more involved than personal and it is helpful to build an ongoing relationship with your tax specialist so you can stay updated on best practices.
Corporate
Corporate tax rates are generally lower than personal tax rates. An incorporated business can save on taxes through deductible expenses, for example, your employee’s salaries. It is important to speak with your tax-specialist when making any impactful business decisions.