1. Does the firm offer a free no obligation quote?
Absolutely!
An initial consultation will allow both the firm and the client to determine a good fit. It will give both parties a chance to learn about each other.
Absolutely!
An initial consultation will allow both the firm and the client to determine a good fit. It will give both parties a chance to learn about each other.
2. How much does the firm charge for the various services?
The firm offers a flexible fee structure - either fixed or hourly. The fees are based on the categories and depth/complexity of services requested. During an initial meeting the firm's fee structure will be clearly explained, based on the services requested. Rest assured, the firm's service fees are structured to ensure that the services provide maximum value to our clients.
The firm offers a flexible fee structure - either fixed or hourly. The fees are based on the categories and depth/complexity of services requested. During an initial meeting the firm's fee structure will be clearly explained, based on the services requested. Rest assured, the firm's service fees are structured to ensure that the services provide maximum value to our clients.
3. What are some of the common tax deadlines?
Individuals
- Individual tax returns: filing deadline is April 30 of the year subsequent to the year for which the return is being filed.
- Self-employed individuals: tax filing deadline is extended till June 15 of the year subsequent to the year for which the return is being filed. However, any tax balance owing is still due April 30.
- Installment due dates: personal tax installments are due on March 15, June 15, September 15 and December 15, of the year subsequent to the year for which the return is being filed.
- RRSP contribution deadline: within the first 60 days of the year subsequent to the year for which tax return will be filed.
Businesses
- Corporate tax returns: no later than 6 months after the end of the corporation's fiscal year. However, any taxes owing are due no later than 3 months after the end of the corporation's fiscal year for Canadian Controlled Private Corporations who claimed the small business deduction. Otherwise no later than 2 months after the end of the corporation's fiscal year for all other corporations.
- Installment due dates: monthly or quarterly (for those corporations that qualify).
Trusts/Estates
- T3 return filing deadline: no later than 90 days after the end of the tax year. Generally, the tax year end is December 31, unless certain conditions are met.
Individuals
- Individual tax returns: filing deadline is April 30 of the year subsequent to the year for which the return is being filed.
- Self-employed individuals: tax filing deadline is extended till June 15 of the year subsequent to the year for which the return is being filed. However, any tax balance owing is still due April 30.
- Installment due dates: personal tax installments are due on March 15, June 15, September 15 and December 15, of the year subsequent to the year for which the return is being filed.
- RRSP contribution deadline: within the first 60 days of the year subsequent to the year for which tax return will be filed.
Businesses
- Corporate tax returns: no later than 6 months after the end of the corporation's fiscal year. However, any taxes owing are due no later than 3 months after the end of the corporation's fiscal year for Canadian Controlled Private Corporations who claimed the small business deduction. Otherwise no later than 2 months after the end of the corporation's fiscal year for all other corporations.
- Installment due dates: monthly or quarterly (for those corporations that qualify).
Trusts/Estates
- T3 return filing deadline: no later than 90 days after the end of the tax year. Generally, the tax year end is December 31, unless certain conditions are met.
4. What services do you provide for non-profit organizations and charities?
The firm provides wide range of services for non-profit and charitable organizations. These include audit, review or financial statement compilation engagements,
payroll, GST/PSB rebate filings, and others as requested..
The firm provides wide range of services for non-profit and charitable organizations. These include audit, review or financial statement compilation engagements,
payroll, GST/PSB rebate filings, and others as requested..
5. I am a controlling shareholder of a few different private companies. Can I claim the full small business deduction in all my companies?
No. If your companies are considered associated for tax purposes, the small business deduction must be shared among them. However, you may choose what percentage of the small business deduction to allocate to each company.
No. If your companies are considered associated for tax purposes, the small business deduction must be shared among them. However, you may choose what percentage of the small business deduction to allocate to each company.
