On Posted on by Dellendo Farquharson to Accounting and Tax

Alberta Personal Income Tax Services

Alberta Personal Income Tax Accountant – BOMCAS

BOMCAS Alberta Personal Income Tax Accountant Services specializes in Income Tax Preparation, Bookkeeping, Payroll for Corporate, Small and Medium size Business and Tax preparation and filing for Corporation, sole proprietorship and individual personal tax. We serve clients throughout Sherwood Park, Edmonton and surrounding areas. Local and virtual accounting services provided in order to help client that is unable to visit locally. 

Our experience and qualify team have been providing Accounting and Tax service for more than 15 years. When you are looking for a one stop accounting and tax services, we are there to provide a complete solution package for you.


DISCOVER BOMCAS LTD.

What is Personal Income Tax Preparation?

You provide us BOMCAS LTD, your Alberta Personal Income Tax Accounting Firm with your tax forms and documentation, and our tax experts Professional Accountants will take it from there. They’ll ensure everything is in order, prepare, review everything with you, and then file your taxes for you. You get to sit back and relax, knowing your taxes are in expert hands.

 

ALBERTA PERSONAL INCOME TAX MADE EASY

EXPERT HELP

Our tax professionals are experts in the ever-changing tax laws and benefits, as well as the nuances of your specific tax situation. Rest easy knowing your taxes are done right every time.

ONLINE ACCESS

Upload your documents to our Secure cloud-based application. Take it easy as we prepare, review, and file your tax forms.

YEAR-ROUND SUPPORT

Even if it’s not tax time, we’re always available to answer your questions as it relates to your Tax and accounting.

Talk to an Expert Now

Personal Income Tax Returns Alberta. BOMCAS is Alberta top Personal Income Tax Return Accountants. We are provide local and virtual accounting and tax services however, we have offices in Sherwood Park Alberta and Edmonton Alberta. When it comes to accounting, you need dedicated professionals that understand your personal tax needs. We build personal relationships with all our clients, because every personal tax and business tax situation is unique.

As your personal tax accountant in Alberta, BOMCAS Accountants will verify and identify all possible deductions to be included in your personal tax return. The following is a list of deductions that may be identifiable in your personal tax return:

  1. Employment Expenses- Form 2200
  2. Investment Income- T101, T102, T5003, T5004, T1-CP
  3. Stock Options
  4. Income Tax Installments Paid
  5. Pension Adjustment Reversal
  6. Past Service Pension Adjustments- T10/T215
  7. Fines, Penalties and Levies
  8. Membership Fees
  9. Union and Professional Dues
  10. Moving Expenses
  11. Child Care Expenses
  12. Alimony and Maintenance Payment- T1157
  13. Disability Support Expenses
  14. Allowable Business Investment Losses (ABIL)
  15. Expenses Relating to a Rental Property
  16. Registered Retirement Savings Plan Contributions
  17. Legal Fees

If you let BOMCAS Accountants in preparation of your personal tax accountant in Albert, Sherwood Park, Fort McMurray, Calgary, St Albert, Red Deer and all other towns and cities in Alberta we will assist you in identifying all the necessary tax slips needed to complete your personal tax return. Below you will find a list of important documents that can use as a guide regards to income tax slips that are usually important and use for personal tax return:

  1. Employment Income- T4, T4A
  2. Foreign Assets
  3. Debt Forgiveness
  4. Other Income, including the following slips- T4E, T5007, RC210 T4PS, RC62
  5. Rental Income
  6. Registered Retirement Savings Plan (RRSP) Income- T4RSP
  7. Schedule of Capital Gains and Losses
  8. Income from Self Employment
  9. Pension and Annuities- T4A, T4A(OAS), T4A(P), T4RIF, T4RSP
  10. Investment Income- T5, T3, T600, T5008, T5013 OR T5013A

Tax Credits for Canadians

When it comes to your personal income tax filing, one of the best things for Canadians is that the government gives several tax credits where individuals can use on their personal tax returns. As your personal tax accountant in Alberta Canada Our Experience team of Tax Accountants will ensure that all tax credits are applied correctly on your personal income tax return.  Below you find a list of tax credits that are commonly seen used on a T1 return:

  1. Tuition, Fees and Education Amounts- T2202 or T2202A
  2. Interest Paid on Student Loans
  3. Medical Expenses
  4. Adoption Expenses
  5. Charitable Donations- 2013 was the first year of implementation of the first-time donor’s super credit
  6. Federal or Ontario Political Contributions
  7. Caregiver Amounts
  8. Spousal Exemption
  9. Dependents (born earlier than 1993 in the 2013 tax year)
  10. Disability Amounts- T2201
  11. Public Transit Pass Amounts (must be monthly passes or passes for four consecutive weeks)
  12. Children’s Arts Tax Credits (max. $500 per child)
  13. Rent or Property Tax Credit (specific conditions apply)
  14. Child Fitness Credit (max. $500 per child)