The preparation of tax returns is becoming more and more complex by the constant expansion and amendment of the tax rules. We handle the full range of tax compliance obligations and help in organizing your personal tax information.
Whether you are a Canadian corporation, non-profit, professional corporation, personal services corporation, holding company, or partnership, we work to maximize your deductions and minimize your tax bill, no matter the size of your business.
Statements provide critical information for management and stakeholders of a business. For those businesses that do not require a full-time accountant or bookkeeper, we provide the services necessary, complementing the abilities available within the company. These customized services include:
• Monthly bookkeeping and data processing
• Payroll processing
• Regular filings (such as source deductions and GST)
• Interim financial statements
When you’re considering the legal structure of your business, in Canada you basically have four forms of business ownership to choose from, a sole proprietorship, a partnership, a corporation, or a cooperative.
Each of these forms of business ownership has advantages and disadvantages that you will want to weigh before choosing a particular form of business for your new venture. First, let’s look at the advantages and disadvantages of sole proprietorships, the most popular form of business ownership.
and reporting them on the applicable slips.
Almost everyone in Calgary will agree that the current tax system is too complicated to understand and yet almost every year the system gets more complex, not less. Why? Tax simplicity almost always has conflicts with other policy goals and is not there for the sole purpose of generating revenue for the government but has to include fairness, efficiency, and enforceability in the system.
Filing taxes in Can
Frequently Asked Questions
A
HOW CAN I REDUCE MY CHANCES OF AN AUDIT?
The best defense against associate degree audit is to file your legal document each year and on time. Why offer the CRA a reason to look at your tax situation? twig done! If you file a GST come back, certify the revenue on your business statement T2125 matches the revenue that’s on the GST come back.
A
HOW LONG SHOULD I KEEP MY RECORDS ?
You should keep your supporting documents for six years.
A
WHEN ITS MY CORPORATE TAX RETURN DUE ?
All companies need to file their legal instrument by six months once the financial year finish. for instance, if the financial year finish was Gregorian calendar month twenty three then the come must be filed by March twenty three.
A
HOW LONG WILL I TAKE TO GET MY REFUND ?
If the income tax return is electronically filed, the come back sometimes takes between seven to fifteen days. If the come back is armored , it always takes four to 6 weeks.
Possible Risks
Market risk, or “principal risk” is the chance that a downturn (or a bad investment) chews up your money. It’s there for both stocks and bonds — when interest rates rise, bondholders will see the market value of their paper shrink — and for most people it’s the big bugaboo.
Inflation or purchasing-power risk for most people is the “risk of avoiding risk” — the opposite end of the spectrum from market risk — the possibility that you are too conservative and your money can’t grow fast enough to keep pace with inflation
I Will help you to understand:
- Retirement Financial Planning with Wealth Creation
- Wealth Creation
- Asset Protection
- Investing for Retirement with Self Managed Superannuation Fund (SMSFs)
- And more other instruments