Tax Preparation

“Taxes are not levied for the benefit of the taxed.”- Robert Heinlein

Our firm is equipped to handle every tax situation and need, including the following:

Corporate

Filing of Federal Corporate Tax Returns, in either paper or electronic format.  For those corporations that are behind in their filings, we can also complete and file the Ontario Provincial Returns for those years prior to 2009, as well as Federal returns back to 1988.

Personal

Personal tax returns can be filed electronically for multiple years, resulting in quick refunds and instantaneous assessment and approval of filing.  Near paperless filing and reporting of personal returns is standard firm policy.  We can accommodate all situations from commissioned employees to self-employed individuals, just to mention a few.  Personal returns can be filed in paper format back to 1988 or as required for those filers in arrears.  Other services include voluntary disclosures, position and assessment objections, claim reinstatements, and petitions.

Charity

Compilation and filing of Charity Information Returns, Form T3010B and supporting schedules is usually included in the cost of the organization’s year end audit engagement for which there is no additional charge.  Full support is available in the case of a Canada Revenue Agency audit of the organization when preparation was performed by our firm in the context of an audit or review engagement.

Not-For-Profit

Similar to the filings required by charities, not-for-profit entities that are not taxable under the Canadian Income Tax Act are required to file information return T1044 under certain conditions.  Our firm can complete the required filing and, as with the T3010B return, the cost of the preparation and the supporting schedules is included in the overall cost of the engagement.

Estate/Trusts

Completion of T3 Tax Returns for either the estate of a deceased individual or either a testamentary or inter-vivo trust can be completed as needed.  Estate returns are usually prepared as part of the ongoing tax service provided to individuals and their families.  Ancillary filings of special tax driven returns can also fall into this category and are usually prepared at the same time as the terminal T1 return.  Trust testamentary returns that cover the period or year subsequent to death can be completed until such time as the estate is wound up and tax release is applied for and received.  For those high net worth individuals that are involved in inter-vivo trusts for purposes of tax minimization, annual filing services are available.

Contractor Filings

T5018 filings required by the Canada Revenue Agency for those individuals and corporations involved in the construction industry can be completed and filed on either a fiscal or calendar basis.

Harmonized Sales Tax

Whether it is past returns pertaining to the Goods and Services Tax (GST) or the current Harmonized Sales Tax (HST) Return, we can assist with the compilation and filing of these returns.   Our firm also possesses the knowledge and expertise required to complete the special GST and HST returns for not-for-profits and registered charity organizations.

Other

Other returns and analysis of assessments levied by the various government agencies include, but is not limited to the following;

• Workers Safety and Insurance Board (WSIB)
• Employers Health Tax (EHT)
• Ontario Corporations’ Tax (CT23)
• Industry Canada filings (Form 3)
• Directors’ and Officers’ Information Worksheet