Taxpayers who discover an error or omission in their returns after filing should

never file a new return. Instead, they should prepare a T1-ADJ.

You missed an RRSP contribution on your T1

If you made RRSP contributions from March 1 to March 2, this should have been included on Schedule 7 which was filed with your last year’s tax return. If you omitted any of the RRSP contributions during that period from Schedule 7, you will have to file an adjustment to your last year’s tax return.

You invoiced your client with the wrong amount

If you over billed your client then had to reimburse them after having filed and paid your income tax for that year, you need to amend that tax return to get reimbursed by CRA for the amount of income tax you over paid them.

You didn't report your Tuition Fees

If you forgot to claim your tuition amounts in a prior year, you can’t report the tuition on this year’s return. You must amend the prior year return, claim the credit in that year, and then calculate any unused amounts that you’re allowed to claim this year. This might involve changing tax returns for several years.

Retroactive Disability Tax Credit claim

You can claim your Disability Tax Credit retroactively from the date indicated by your physician. You must adjust your taxes for each year you’re claiming the Disability Tax Credit for, which the CRA limits to 10 years.

Kate from Canada ImpoTax Pro

Industries & Tax Situations

The CRA allows individual taxpayers to adjust tax returns filed going back up to 10 years.

 

Exceptional Accountancy Resources.

These easy spreadsheets will help keep you organized and on top of your business, employment expenses or rental property. Also, these forms will make tax filing a whole lot easier and cost efficient!

Small Business Income Statement (GST/PST)

Are you self-employed and organized? This form is all you need to get to us if you do, or do not charge GST/HST!

Rental Income Statement

Use this form to let us know your rental property information, income and expenses.

Employment Related Expenses

This form is used by employees who had to pay for expenses under their employment contract.

Tax Preparation Services for Film Makers

The ImpoTax Pro team’s services have truly exceeded my expectations.

I’ve worked with them for 3+ years now and they deliver every time. The ImpoTax Pro team clearly has a genuine interest and passion in servicing my business taxes and uses a fine-tooth comb to make sure every last detail has been accounted for. 10/10 would highly recommend!.

Christian Wiebe

Lexion Film’s CEO & Founder, Videographer & Actor

Tax Preparation Services for entrepreneur

The ImpoTax Pro team is not only trustworthy as a tax expert and accountant, they go above and beyond.

They go above and beyond when it comes to helping a company design and operate their finance management systems so that taxes and accounting go smoothly throughout the year. They also completed my personal tax returns in no time after revolutionizing the way I did business and managed my income and expenses.

Kala Sidhu

Founder and CEO – Blessed Coast Music Festival

Schedule time with your Tax Professional!

Our Tax Professionals are here to help you get the most from your return, and to provide a distinctive combination of tax consulting, planning, compliance and bookkeeping services to individuals, small businesses and professionals with specific needs.

Get a quote or a personal consultation.

Headquarters

1384 Treebank Rd W, Esquimalt

V9A 6Y8 BC, Canada

Contact

[email protected]

Phone

(778) 726-2707

Open Hours

Convenience is a major advantage of online tax preparation. Basic tasks such as filling up and signing forms, paying invoices and creating support tickets can easily be done 24 hours a day, seven days a week, wherever you wish.