The Tax Plan is tailored for micro businesses, covering essential compliance tasks like T2, T4, T5, HST returns, and a single T1 tax return. In contrast, the Tax Man package is designed for those who need comprehensive tax planning, savings strategies, and CSRS 4200 standard financial statements. Opting for the Tax Man can yield significant tax savings, making it a smart choice for businesses looking to maximize their financial efficiency.

A nil return is necessary when your corporation has no income or expenses, typically required to keep inactive corporations in compliance. We’ll prepare and e-file your nil return to the CRA, ensuring your obligations are met without hassle.

These statements represent a shift in accounting standards, requiring more extensive documentation than in previous decades. They are essential for businesses seeking to review their financials or secure financing, as lenders often require this level of detail.

It's crucial to consider the value behind the price. While some accountants may offer lower rates by cutting corners, we believe in transparency and thoroughness. Investing in quality accounting services can prevent costly audits and provide peace of mind. Remember, price reflects what you pay, but value reflects what you get.

Bookkeeping involves the meticulous process of organizing your financial documents, including bank and credit card statements, to produce accurate financial statements. Proper bookkeeping is vital for filing tax returns and ensuring compliance with CRA regulations.

Since bookkeeping can vary significantly in time and effort based on transaction volume, we believe it's fair to charge based on actual workload. This transparent approach allows us to confirm transaction counts directly from QuickBooks Online, ensuring clarity in billing.

Our 24/7 phone reception ensures that we never miss a call from the CRA. If the CRA contacts you, you can simply provide them with our number (416.903.4040), and we’ll handle the situation on your behalf.

If you've incorporated your business, a T2 corporate tax return is required to report your corporation's income and expenses. Incorporation offers potential tax savings and improved financial management, but it does come with annual compliance responsibilities.

Yes, we provide a corporate tax-only plan, available at this link. To qualify, your bookkeeping must be up-to-date.

If your sales exceed $30,000, you'll need to register for HST and file returns. We will assess your CRA portal to determine any necessary HST filings and assist with calculations and submissions.

Yes, our Tax Man package includes two personal tax returns, while the Tax Plan covers one. For additional returns, please book using this link.

T4 slips report salary payments, while T5 slips document dividend distributions. We optimize the balance between these forms of income to maximize your tax savings during tax preparation.

Our comprehensive tax planning involves a detailed 60-point checklist designed to identify and implement various tax-saving opportunities tailored to your situation.

Proper bookkeeping requires attention to detail and can be quite labor-intensive. However, when done correctly, it results in significant tax savings. We offer a DIY bookkeeping program that guides you through the process in just 32 minutes. More information is available here.

We’ve designed our packages based on extensive research to ensure no essential services are overlooked. While customization of packages isn’t available, our bundled pricing typically results in savings compared to purchasing services separately.