Perth Ontario Personal Income Tax Return Preparation

Personal Tax Accountant Perth

Prepare and file your taxes fully online, making it a handy and secure way to get the job done quickly. Rates are competitive and can be customized to meet the needs of any client. While tax forms may be straightforward for the Canada Revenue Agency (CRA), they can be challenging for the average person to comprehend and navigate through the system, as many people are well aware. We can help you in the following ways: It is reasonable to expect us to ask questions in straightforward English, and we will be just as eager to recover your money as you are. We will complete the entire procedure totally online, or in person if necessary, so you will not be required to leave your home or travel at all if that is what you choose. There will be no more late filings or postponements as a result of the uncertainty, which will be a relief to the Canada Revenue Agency (CRA).

When you’re living on a fixed income, every penny counts toward your financial security. Our team stays up to date on the latest tax-saving strategies offered by the Canada Revenue Agency (CRA) in order to ensure that you pay the least amount of taxes feasible. A higher standard of living is associated with having more money in your pocket.

All of us are aware that, as a taxi driver, it is critical to put your passengers at ease with straightforward dialogue. Prepare and file your taxes should become easier as a result of this change. That is exactly why we are here. Our tax accountants will guide you through the entire process to ensure that your taxes are filed on time and that you receive the best possible refund. This will educate you a lot about how to manage your household and automobile expenses. By keeping things simple, we’ll be able to avoid any unpleasant situations.

Do you have questions about what to submit or whether you can deduct something from your taxes? We are able to assist you. You may put your trust in us to defend you. Throughout the process, we’ll coach you through each step so that you’ll always know how much money you owe and how to save even more money while taking advantage of every possible deduction and tax cut.

As the CEO and an employee at the same time, wearing so many hats, it might be difficult to devote enough time to all of the accounting and tax problems that are important to your small business’ success. We understand your frustration. We’ll show you a TON of tax incentives that the majority of small businesses and sole proprietorships aren’t aware of, whether this is your full-time work or a side gig.

As the CEO and an employee at the same time, wearing so many hats, it might be difficult to devote enough time to all of the accounting and tax problems that are important to your small business’ success. We understand your frustration. We’ll show you a TON of tax incentives that the majority of small businesses and sole proprietorships aren’t aware of, whether this is your full-time work or a side gig.

As your personal tax Return accountant & Accounting Service Provider in Perth Ontario, BOMCAS Canada 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:

• Employment Expenses- Form 2200
• Investment Income- T101, T102, T5003, T5004, T1-CP
• Stock Options
• Income Tax Installments Paid
• Pension Adjustment Reversal
• Past Service Pension Adjustments- T10/T215
• Fines, Penalties and Levies
• Membership Fees
• Union and Professional Dues
• Moving Expenses
• Child Care Expenses
• Alimony and Maintenance Payment- T1157
• Disability Support Expenses
• Allowable Business Investment Losses (ABIL)
• Expenses Relating to a Rental Property
• Registered Retirement Savings Plan Contributions
• Legal Fees

If you let BOMCAS Canada Accountants in preparation of your personal tax accountant in Perth Ontario, Toronto, Kingston, London, and all other towns and cities in Ontario 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:

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

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 Toronto, and Perth Ontario personal tax return accountant in 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:

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