Tax Preparation

Let us take the worry out of tax returns! We prepare a variety of returns form the very simple to the more complex, we can 
help.
Important Dates
The CRA’s EFILE, ReFILE and T1135 web services will stop accepting transmissions of your clients’ initial and amended (T1) personal income tax and benefit returns and T1135 forms for T1 at 11:00 p.m. on Friday, January 22, 2021 (Eastern Time), in order to convert our systems to prepare for the next filing season. These services will re-open on Monday, February 22, 2021, at 8:30 a.m. (Eastern Time). Thank you for your continued support and participation.
 
Please ensure you transmit any initial or amended T1 returns and T1135 forms for T1 before January 22, 2021, to avoid having to wait until the new program starts.
 
The following services will still be available after January 22, 2021:
 

• Corporation Internet Filing for Corporation Income Tax (T2) returns. 

Note: You must have renewed your EFILE number and password and passed suitability screening to continue to file T2 returns using your EFILE number and password after January 16, 2021. Go to canada.ca/revenue-agency/corporation-internet for more information.
 

• Electronic filing of requests to authorize or cancel a representative.

Note:  You must use the 2019 version of the tax software to electronically submit 2019 requests through the transmission web service for authorizing or cancelling a representative until 8:00 p.m. on Friday, February 5, 2021 (Eastern Time). When the transmission web service for authorizing or cancelling a representative re-opens at 6:00 a.m. Monday, February 8, 2021 (Eastern time), it will only accept the signature page format, which is available in the 2020 version of the software.

 This will ensure that the most vulnerable population continues to receive their benefits when they need them the most.

News and program updates:
A Simplified Process for Claiming the Home Office Expenses for 
Canadians Working from Home Due to the COVID-19 Pandemic

The Honourable Diane Lebouthillier, Minister of National Revenue, provided additional details on how the Canada Revenue Agency has made the home office expenses deduction available to more Canadians, and simplified the way employees can claim these expenses on their personal income tax return for the 2020 tax year. Employees with larger claims for home office expenses can still choose to use the existing detailed method to calculate their home office expenses deduction. For more information, please see Introducing a simplified process for claiming the home office expenses for Canadians working from home due to the COVID-19 pandemic.


PERSONAL TAXES

1. All T-Slips from employers, Pension, Unions and Interest gains 
2. Notice of assessment from previous year 
3. Medical receipts, calculate number of trips over 40 km for medical aid, private extended health care statement and premiums 
4. Children expenses- date care, sports, after school activities
5. Spouses information and gross income 

BUSINESS

1. Income statement, Balance sheet, Trial Balance
2. Receipts if a set of records have to be completed 
3. Home expenses- Mortgage interest, property tax, utilities, etc... 
4. Automotive - Mileage records for year, auto expenses, loan interest payment for year.