Tax Centre

 
 
 

            TAX TIP

Issue various classes of shares to effectively split income between family members




 
 

Tax Return Preparation Centre

YEAR END PLANNING

 

Organizers for Tax Return Preparation Time

We prepared the following tax organizers to help you gather essential tax information. Please click on the link to download.

  List of Forms to Bring to Accountant - Personal Tax return

  Selfemployed Income

  Real Estate Rental

  Small corporation checklist

 

Important deadlines for Tax Returns preparation and filling

Corporate tax return to be filed 6 months after year-end. To avoid interest charges tax to be paid 3 months after year end.

Personal tax return to be filed by April 30. Self-employed - by June 15; To avoid interest charges tax to be by April 30.

Information Returns - T4, T4A, T5 - to be filed by February 28.

GST - annual fillers due date is 90 days after year end; monthly and quarterly filers - due date is 30 days after the reporting period end.

 

We take a proactive approach to tax services.  We stay current on changing tax laws and legislation so you don't have to.  We'll identify key tax-planning opportunities that can minimize your current and future tax liabilities and help you put these plans in action throughout the year.

 

  • Choose the right form of business entity
  • Choose the right corporate year end
  • Prepay expenses and defer income
  • Maximize deductions
  • Split income between family members
  • Optimize salary, bonus and dividend mix
  • Utilize non-capital losses from prior years
  • RRSP contributions
  • and more..

Professional Advice is not an expense - It's an investment!

 

For a complimentary initial consultation call us (416) 738-1899 x401 or email dimitry@ca4gta.com