Frequently Asked Questions: Get Expert Answers To Your Tax And Financial Questions
The CRA has a dedicated Business Enquiries Line that tax and accounting professionals can use to reach out for assistance. You can call the CRA Business Enquiries Line at 1-800-959-5525.To register, you will need to complete Form RC59, the Business Consent Form, and submit it to the CRA.
When filing your taxes, having the necessary slips and documentation is essential to ensure accurate and compliant reporting. Please refer to the Tax checklist if you are unsure which slips to bring to our office while filing your tax returns.
Our firm offers electronic filing (e-filing) services for tax returns. E-filing is a secure and efficient way to submit your tax returns, providing faster processing and reduced errors. Our experienced professionals will guide you through the process while prioritizing the security of your information. Feel free to reach out to us for assistance or to schedule a consultation.
Our team of experienced professionals is well-versed in the ever-evolving tax laws and regulations, allowing us to provide tailored solutions that optimize your tax situation.
Here’s how we can help:
1. Year-Round Support: Tax planning is not a once-a-year task. We offer year-round support and guidance to ensure that your financial decisions are tax-efficient, whether it’s in your personal or business finances.
2. Constant Updates: Tax laws and regulations change frequently. We stay updated and inform you of any changes that may affect your tax situation, ensuring you always make informed decisions.
3. Minimizing Tax Liabilities: Our expertise lies in identifying legitimate deductions, credits, and incentives that can significantly reduce your tax liabilities. We explore all available options to maximize your tax savings.
Scheduling an appointment or consultation with our firm is straightforward. Just contact us via our website or phone, and our team will assist you in choosing a convenient date and time. We’ll provide any necessary details, and during the consultation, we’ll address your needs and questions with expert advice. We look forward to assisting you.
Here are key tax deadlines to remember:
April 15th: Individual income tax filing and payment due.
June 15th: Deadline for U.S. expats to file individual tax returns.
March 15th: Partnership tax return due.
April 15th: Corporate (C corporation) tax return due.
March 15th or September 15th: S corporation tax return due, depending on your fiscal year.
October 15th: Extended deadline for individual tax returns (if you filed for an extension).
January 31st: Employers must provide W-2 and 1099 forms.
Quarterly: Be aware of estimated tax payment deadlines (April 15th, June 15th, September 15th, January 15th).
Please consult with our firm for specific deadlines tailored to your situation and to ensure compliance.
We prioritize client data security and confidentiality:
Secure Storage: We use advanced technology to protect data.
Access Control: Only authorized staff can access your data.
Encryption: Data is encrypted during transmission.
Regular Audits: We conduct internal security audits.
Data Privacy Compliance: We comply with data privacy laws.
Secure Communication: We use encrypted channels for communication.
Client Education: We guide clients on secure data sharing.
Disposal Protocols: We securely dispose of data.
Continuous Improvement: We adapt to evolving security threats.
Your data’s safety is our top priority, ensuring you can trust us with confidence.
Checklist
We are dedicated to delivering timely services that not only meet your financial needs but also ensure that you receive every eligible tax credit and deduction. Our commitment to efficiency and expertise ensures you make the most of your tax benefits.
SLIPS
- T4 slips (Employment Income)
- Employment Insurance Benefits (T4E)
- Covid-19 relief payments (T4A)
- Interest, dividends, etc. (T3, T5,T5008)
- T2202 Tuition and Enrollment Certificate
- Old Age Sec.& CPP benefits (T4A-OAS, T4AP)
- Other pensions and annuities (T4A)
- Social assistance payments (T5007)
- Workers compensation benefits (5007)
- All other information slips
RECEIPTS
- Child care expense
- Adoption expenses
- Moving expenses
- Interest paid on student loans
- Carrying charges and interest expenses
- Exams for professional certification
- Digital news subscription
RECEIPTS
- RRSP contribution receipts
- Support for a child, spouse or common-law partner
- Professional or union dues
- Tool expense (Tradesperson& apprentice mechanics)
- Office-in-home expenses (if working at home due to COVID)
- Other employment expenses
- Teacher’s school supplies
- Medical expenses
- Home renovations (seniors and disabled)
- Charitable donations
- Political contributions
OTHER DOCUMENTATION
- Notice of Assessment/Reassessment
- Canada Revenue Agency correspondence
- Sale of principle residence
- Sale or deemed sale of stocks, bonds or real estate
- Northern residents deductions receipts
- Rental income and expenses receipts
- Business, farm or fishing income/expenses
- Automobile/Travel logbook and expenses
- Disability Tax Credit Certificate
- Declaration of Conditions of Employment (T200 or T2200S)
- Volunteer Firefighters certification
- Search and Rescue volunteers certification
- Written certification for eligible educator school supplies