Personal income taxes are familiar to most Canadian taxpayers - and with good reason. You have to file one every year even after death.
To help offset the administrative burden of personal income tax preparation there are a plethora of options available. These include:
The first three options (CRA Paper File, CRA Telefile, Free Tax Clinics, and Personal Tax Software) are great options if you have a very simple return. This includes:
Slightly more complex returns should consider using a Non-CPA Tax Preparation Service. This is best for those with:
More complex situations like those listed below will significantly benefit from the tax planning expertise and experience of a Chartered Professional Accountant. This includes situations such as:
Those with more complex tax situations will benefit from the increased price of a Chartered Professional Accountant because of the reduced risk of unnecessary audits and unexpected taxes.
CPA services often pay for themselves in the long-run in more complex situations.
Here at Creekside Accounting we file hundreds of personal income tax returns.
This allows us to have significant experience both with the CRA and with the rules and requirements about income tax return preparation. All of this benefits you when you use Creekside Accounting to file your personal income tax return.
To ensure you get high quality services we have a 9 step process:
It's a long process and a lot to keep track of! But not to worry, all you have to do is keep an eye on your email. We'll take care of the process and guide you through each step. We have a documented and organized workflow that will keep you (and us) on track.
Don't miss your tax filing deadline!
Most personal income tax returns are due April 30th. To ensure you have lots of time for tax planning and audit reduction, find an accountant in March.
Most small business income tax returns are due June 15th although taxes must be paid by April 30th to avoid interest. March is still a great time or mid-May to ensure your tax obligations are met.
If you are ready to start your personal income tax services with Creekside Accounting then check out our getting started page or book an appointment to speak to our Kelowna accountant.
Sign up for tax tips, fun updates, and all the happenings.