Employment

Our tax Professionals are here to determine eligibility for employment expenses for various categories of taxpayers, complete the required forms and calculate the allowable deduction; and

  • Claim deductions that are available to all employees, regardless of occupation.
  • Claim deductions that are provided for employees in certain specific occupations, such as commission employees, transportation, trades, music and nursing.

  • Apply for and calculate the GST/HST rebate for qualified employees.

  • Keep detailed records of employment expenses in order to substantiate the claims.

  • Help you fill in and certify the required Form T2200 Declaration of Conditions of Employment, to guarantee that the CRA will allow the related claim.

Crypto-Invest

Our Tax Professionals are here to help you declare and claim your dividends from taxable Canadian corporations, interest and other investment income, capital gains, along with carrying charges and interest expenses, and

  • Perform tax calculations with a high degree of accuracy. We carefully consider complex tax scenarios such as DeFi loans, DEX transactions, gas fees, leveraged trading, and staking rewards.

  • Support the CRA reporting requirements, including Canadian specific rules around mining, staking, and airdrops. We also support the CRA ACB & Superficial Loss wash sale rules.

  • Determine whether you are carrying on a business of trading cryptocurrency or simply trading crypto assets regularly, and the tax consequences that go along with each scenario.

  • Figure-out whether you can account for different parcels of crypto under the first-in first-out (FIFO) of last-in last-out (LIFO) methods.

Small Business

Our Tax Professionals are here to help you decide whether or not to incorporate, distinguish between income from business activities and income from the increase in value of capital assets. Whether your receipts are perfectly organized, or in a shoe box, we will help you make sense of everything concerning your business’ taxes; and

  • Distinguish business activities from other types of activities like rental, employment or investment.

  • Make sure the activity of each separate business is reported on a separate Form T2125, and the consequences, in terms of taxes, that go a long with that.

Rental

Our Tax Professionals are here to explain to you what you need to know regarding your rental properties in Canada and the specifics, in terms of taxes, that go a long with them. Multiple rental properties is not a problem for us at all! We work with you to organize your rental properties into one complete tax return, maximizing your end result; and

  • Buying and selling your rental property.

  • Living and renting at the same house.

  • What is a Current Expense Vs. a Capital Expenditure.

Senior

If you’re 65 years or older you will receive 10% off your tax preparation fee. Our Tax Professionals are here to answer all your questions regarding retirement, income splitting, RRSPs, RRIFs, CPP and part-time work; and

  • Claim the various non-refundable credits to which a senior is entitled.

  • Income splitting and completing a T1032 – Joint Election to Split Pension Income.

  • Choose to take CPP early starting at age 60, or late at the age of 70.

U.S Tax Return

If you are a U.S. citizen living outside of the United States, you’ll need to file with the IRS. And some non-U.S. citizens still need to file. The U.S. filing deadline is May 17th. However, if you live outside the U.S. then you have until June 15th to file but interest will accrue from May 17th if your return has a balance due. Our Tax Professionals are here to help you get the most from your return, and

  • Prepare your U.S. federal and state income tax return.

  • Determine if your income qualifies for an exemption under the Canada – United States tax treaty.

Student

If you’re a student, you can file for as little as $60.  It is important for students to file a tax return each year, even if your net income is $0.00, because your tuition credits will be recorded and carried forward to future years tax preparation, and because you maybe entitled to tax credits like the GST/HST tax credit, and Ontario Trillium Benefit tax credit (OTB). Our Tax Professionals are here to help you get the most from your return, and

  • Transfer the unused portion of your tuition fees to a parent/grandparent, or carry it forward to claim the credits in future years. Alternatively, you’ve got the option to transfer the unused portion to your partner if you’re married or living common-law.

Bankruptcy

For tax purposes, the taxpayer’s current taxation year is deemed to come to an end on the date that bankruptcy is declared and a new one is deemed to begin. Our Tax Professionals are here to help you file your Pre-Bankruptcy, In-Bankruptcy, Post- Bankruptcy Tax return; and

  • Examine the income, deductions and credits that can be claimed on each of the three returns.

  • Explain the effect of discharge upon debts, and how bankruptcy affects tax losses both before and after the date of bankruptcy.

  • Know what effect, if any, bankruptcy has on his HBP obligations.

  • What amount will be used to determine the eligibility for the GST/HST credit and WITB, based on the income prior and afterwards to bankruptcy.

Artist

Our Tax Professionals are here to help you determine the valuation of inventories and deductibility of work space in home expenses; and

  • Discuss the tax treatment of amounts received by an artist or writer that are to be used in the production of a literary, dramatic, musical, or artistic work, commonly referred to as an art production grant.

  • Know the tax incentives available to artists and writers who make certain donations, including the special tax incentive for gifts of works of art created by visual artists.

Deceased

Our Tax Professionals are here to tell you as the legal representative, what you should provide the CRA with to keep the deceased’s records up to date, and grant us authorization to prepare your deceased’s tax return, and

  • Prepare and file the final T1 return.

  • Report Income received after the date of death on a rights or things return.

  • Apply to the CPP/QPP Death benefit.

  • Decide what income, deductions and credits to report on the T3 return.

  • Report the disposition of capital property of the estate.

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.

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