There are only two things in this world that can be guaranteed, death and taxes.
Sad but accurate. Unfortunately, paying taxes is something that we must all deal with each year! However, it doesn't have to be tense.
Yes, there can occasionally be a lot of complexity involved, but if you have the right information, you can prepare your taxes, plan ahead, and make sure you're utilising all of your tax-saving options. Being a business owner means that maintaining excellent records is crucial. Inaccurate or out-of-date bookkeeping will probably result in you paying more tax than is necessary. You can also help your tax planning with a good set of books. In addition to relieving your burden, our bookkeeping services can reduce your taxes.
Our Tax Preparation & Filing Services
Take some time to read the pages in our tax section that apply to your situation so you can better understand the issues involved.
Personal Tax in Canada
Although preparing your personal income tax may seem simple, there are a few deductions you might not be aware of, such as:
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Expenses for a home office
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Fees and affiliations
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Losses on company investments
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Interest costs and carrying charges
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If you work for yourself, it's much more complicated.
Together with any income from employment or investments, business income or professional income from self-employment or your portion of a partnership is reported on your T1 income tax return.
Corporate Tax in Canada
If you're anything like the majority of small business owners, you're probably not too familiar with all the laws and guidelines that must be followed in order to calculate your taxes and file your corporate tax return. The amount of tax that your corporation must pay is determined by a number of decisions that must be made during the year.
To find out more, go to our page on corporate tax returns.
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Corporate tax rates at the federal and provincial levels
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Conditions for submitting and paying corporate tax returns
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Frequently asked questions by small business owners
Taxes don’t have to be complicated.
Yes, nothing can be said to be certain, except that we’ll look after all your tax needs, expertly, efficiently, and professionally.
Unwind—Your Taxes Are Covered!
You don't need to take the time for an in-person visit because our tax services are available virtually. We offer intake forms tailored to specific circumstances, which enable us to gather all the information required to properly prepare your tax returns and guarantee that your taxes are minimised.
The relevant form can be completed and submitted through our secure client portal, along with all of your other documents. It's critical that we comprehend your current circumstances as well as any alterations from the previous year.
If you would like to talk about a complicated tax situation you are in, we can meet in person or virtually through Teams or Zoom.
Get in touch with us right now to begin breathing easier.
