Tax Returns
We will not only file your income and your business income and be surprised with unhappy tax return reports. On the contrary, we will manage and dictate how tax returns should be, based on proper reporting. This is for corporate tax, personal tax and self-employed professionals.
E-Filing
We file all tax returns electronically to ensure that it reaches CRA instantly and is processed faster to avoid any delays or errors associated with manual processing. This process provides you peace of mind and satisfaction at no extra fee. We provide these services to our clients at no extra fee.
Tax Planning Strategies
CRA provides a lot of options to businesses and individuals to report your income and expenses which in turn affects your tax position and various provincial and federal tax benefits / credits. With wrong combination or non-reporting of certain information you may be deprived of theses tax benefits / credits which you are entitled to. We’ve seen cases where families or business miss a good portion of tax benefits just because they unknowingly don’t report everything. We ensure accurate tax filing for your family and for your business.
We go through our detailed checklist to ensure nothing gets missed & reported properly and optimize your tax position to get you the maximum benefits. The same applies to corporate, business and self-employed clients.
You can depend on our expertise!
CRA Audits
CRA can and may send inquiries for reviews and audits. This is a lengthy process wherein supporting documents must be submitted to the CRA. In case you are not able to provide the required information in a professional and timely manner, you may be fined a fortune in tax, interest, and penalties.
It may take only one mistake or a trend anomaly to flag your records for a CRA review or audit. We manage this proactively by giving you advice on record-keeping and accurate filing to avoid any red flags. In the event of an inquiry, we represent you and provide information to the CRA on your behalf to help minimize any unnecessary hassle or stress. Annual tax planning helps you and your business ensure your records are accounted for and that the best tax strategy is implemented to optimize your savings.
The CRA allows multiple tax methods. The best tax plan for one company does not necessarily mean it’s the best for another. In most of the cases, especially for small businesses, corporate tax is calculated carefully and accurately with the individual tax to bring the most benefits for both.