Personal Taxation Overview
Taxation for properties: Someone with adequate experience and expertise should perform the personal taxation for the property owners, there are so many elections, rollovers, and designations that can put you in a better position and help you avoid double taxation. There is also an exemption for your principal residence which should be addressed properly when the principal residence being sold. Tax credits, tax benefits & tax deductions: Families with children under 18 can get a child benefit as well as variety of other benefits, to ensure you get the maximum possible tax benefit your accountant should be some one who knows all of the applicable tax benefits and tax deductions and can apply them properly. Tax compliance: You're responsible for what is filed for your personal taxes, therefore, you should make sure you choose an accountant that can help you comply with your taxes, otherwise, there would be consequences (fines, interest on taxes, reassessment and even worse like confinement). Personal and self-employed tax returns including: -Preparing T1, T2125 -Tax preparation and filing personal tax returns when sole proprietors have over $30000 of sales or when they decide to voluntarily register for the HST/GST we should also calculate the HST/GST: Using your bills we can calculate tax credits and deduct them against the HST on invoices. We can also file your HST/GST tax return.