Ottawa Ontario Personal Income Tax Return Preparation Accountants
BOMCAS Ottawa Ontario Personal Income Tax Return Accountants & Accounting Services specializes in Personal Tax Return Preparation and Accounting, Corporate Tax, Bookkeeping, Payroll for Corporate, Small and Medium size Business, Tax preparation and filing for Corporation, Farm and Agriculture Returns Tax and Accounting Services , sole proprietorship and individual personal tax. We serve clients throughout Barrie, Belleville, Brampton, Brant, Brantford, Brockville, Burlington, Cambridge, Clarence-Rockland, Cornwall, Dryden, Elliot Lake, Greater Sudbury, Guelph, Haldimand County, Hamilton, Kawartha Lakes, Kenora, Kingston, Kitchener, London, Markham, Mississauga, Niagara Falls, Norfolk County, North Bay, Orillia, Oshawa, Ottawa, Owen Sound, Pembroke, Peterborough, Pickering, Port Colborne, Prince Edward County, Quinte West, Richmond Hill, Sarnia, Sault Ste. Marie, St. Catharines, St. Thomas, Stratford, Temiskaming Shores, Thorold, Thunder Bay, Timmins, Toronto, Vaughan, Waterloo, Welland, Windsor, Woodstock and surrounding areas. We provide Remote, Local and virtual accounting and Tax services.
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Bomcas Ottawa Ontario Accounting Specialist Have Your Business Taxes Covered
Small Business & Corporate Tax Preparation Services Made Easy. Never worry about tax again. BOMCAS CANADA Toronto, Ottawa Ontario team of small business accountants has experience with all types of business taxes, Accounting, we know how to help you stay CRA-compliant.
Dedicated Accountant
With your Taxes in our Accountants hand you can rest easy knowing that you have a tax expert on your side that is familiar and knowledge with all the nuances of your state and industry.
Full-Service Support
You Tax Accountant will advise you throughout the process of preparing your tax on strategies to help you save thousands.
No Hidden Cost
You will be informed of your cost associated initially at a starting price. Many of our services are billed at a flat-rate or variable as needed base on the complexity. You will never see any surprises on your invoice – no matter how often you reach out to us. You are charge for actual work completed.
Ottawa Ontario Personal and Individual Income Tax Return Preparation in Three Steps
Setup your Free Consultation
This is where you will select a date and that the is best suitable for you. After which one of our Personal Income Tax Accountant will call you for your free consultation.
Talk to an Expert
Upon having your meeting your Accountant will make request for you to upload or email your required document etc. He or She will guide you along all documentation needed etc.
You can Sit and Relax
We will keep you up to date on your taxes while your accountant is there working in your best interest. Your Income Tax Accountant will keep you inform on any other data or information needed from you while you relax
Bomcas Ottawa Tax Accountants and Accounting Services
Personal Income Tax Returns Ottawa Ontario and Toronto ON. BOMCAS Canada is Ottawa Ontario Personal Income Tax Return Accountants & Accounting. We are Toronto Accountants 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.
Bomcas Accounting
Tax preparation and filing can be completed entirely online, making it a quick, convenient, and secure method of completion. Rates are competitive and can be tailored to fit any budget. As many people are aware, tax forms are simple for the Canada Revenue Agency (CRA), but they can be difficult for the average person to understand and navigate through the system. Here’s where we can assist: Expect us to ask questions in plain English, and we’ll be just as eager to get your money back as you are. Furthermore, we will complete the entire process entirely online, or in person if necessary, so you will not have to leave your home or travel at all if you prefer. The Canada Revenue Agency (CRA) will be ecstatic because there will be no more late filings or postponements as a result of the uncertainty.
Personal Tax Accountant Ottawa
Pensioner
Every penny counts when you’re living on a fixed income. To accomplish this, we stay current on all of the latest ways the Canada Revenue Agency (CRA) allows you to pay the least amount of taxes possible. More money in your pocket means better Standard of living.
Uber Driver
We all know that as a taxi driver, it is important to put your passengers at ease with simple conversation. As a result, preparing and filing taxes should be easier. That’s why we’re here. So that we can file your taxes on time and get you the best possible return, our tax accountants will walk you through it all. This will teach you a lot about home and auto expenses. We’ll avoid awkward situations by keeping things simple.
Sub Contractor
Don’t know what to file or if you can deduct something from your taxes? We can help you. You can rely on us to protect you. We’ll walk you through every step of the process so you always know how much money you owe and how to save even more money while taking advantage of every possible deduction and tax break.
Home Business
Because you’re the CEO, and the employee at the same time wearing so many hats, it;s hard to focus on all the accounting and tax matters that is best for your small business. We understand. We’ll show you a TON of tax breaks that most small businesses and sole proprietorship aren’t aware of, whether this is your full-time job or a side hustle.
As your personal tax Return accountant & Accounting Service Provider in Ottawa 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 Ottawa 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
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 Toronto, and Ottawa 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)