Ontario Professional Tax Accounting Services
Bomcas Accounting and Tax Services Canada offers income tax returns, tax planning, personal and corporate tax, bookkeeping, accounting, and back tax services in Ontario, the Greater Toronto Area (GTA), & Ottawa.
Personal Income Tax Preparation
Corporate & Small Business Tax
Accounting & Bookkeeping
Online Accounting & Tax Services
Late & Back Taxes Return
International Tax Services
Full Service Accounting and Tax Services in Ontario Canada
Our Ontario Accounting and Tax Professionals offer a full range of accounting, tax, financial, and business services, including: Individual Income Tax Preparation and Filing Services, Corporate Income Tax Preparation and Filing Services, Farm Tax and Accounting, Back Taxes, International Tax Services, Cross Border Tax Services, Payroll Services, General Accounting, and consultation on complex tax issues.
Farm Tax Services
Accounting Services for Farms and Agriculture Our t rusted tax experts to manage your farm’s strategic planning, income tax preparation, payroll reporting, bookkeeping, and other needs.
Small Business Accounting
We have choices for you, regardless of the size or industry of your company. Accounting services for subcontractors and small businesses in Ontario, Canada.
Comprehensive Tax Planning Services
Every financial decision you make will have tax ramifications. This can be disastrous for those with greater incomes. To lower tax liability, a proactive approach is required.
Tax Audits and Appeals
Personal and corporate tax audits and appeals can be difficult to navigate. Allow the experts at Bomcas Accounting and Tax Services to walk you through the process. Please contact us right away!
General Accounting & Tax Services
Personal Tax Preparation
Personal tax services are provided by Bomcas Accounting and Tax Services in Canada to clients in order to assist them in managing their personal and family wealth through smart tax and financial planning.
Corporation income tax return
To submit corporate income tax, you must file a tax return with the Canada Revenue Agency (CRA). Using your business number, you file your provincial corporate income taxes along with your federal income tax return.
Unfiled Tax Returns, Back Taxes
Our taxation services for individuals and businesses, which include CRA audits, insolvency, back taxes, tax planning and assistance, and other services, can aid you in avoiding costly mistakes in the future.
Income Tax Preparation
Our tax professionals make taxes simple for you. File your tax return from anywhere in the world, and we’ll make sure you get the most refund possible. You have the option of filing it in person, online, or by mail.
Small Business Accounting
We offer everything you’ll need to maintain your business functioning properly. Accounting, strategic planning, payroll administration, cash flow management, bank financing, and other associated services are all available.
Cross Border Tax Services
Our cross-border tax specialists can help individuals and businesses with their tax concerns. When you work with us, you can be confident that your cross-border taxes will be completed correctly the first time.
Sole Proprietorship Tax
Self-employment/Sole Proprietorship On a T1 Income Tax Return, your proprietorship or self-employment income is declared alongside any personal income. Our tax accountants are readily available.
GST/HST Return Preparation
The Canada Revenue Agency (CRA) now asks you to mention whether your revenue is from exempt or zero-rated goods, as well as sales from your linked business, when you file these electronically.
Real Estate Accountant
Rental income must be reported in order to complete and file your annual tax return accurately. Our Real Estate accountants will work with you to maximize any potential write-offs or benefits.
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F.A.Q.
Year-End Tax Planning
Through effective tax planning, our tax specialists will show you how to pay less tax while getting the highest possible returns. We are here to assist; we are the leading provider of Tax Planning & Preparation services in Ontario Canada (Toronto, Ottawa, London, Kingston), and the surrounding areas. Before submitting your return, our tax professionals will consult with you to ensure that your tax status is as advantageous as possible. It is critical to employ legal strategies in order to minimize potential tax repercussions based on your future goals and ambitions.
Business Services
You must be aware of any tax hazards as a business owner, which is why our business planning area is committed to assisting you in avoiding them to the maximum extent possible. We offer complete bookkeeping services, including payroll, GST, and year-end closeout procedures. People from the Greater Toronto Area (GTA), Ottawa, Kingston, London, Ontario as a whole, and the surrounding regions are among those we serve. We specialize in small and medium-sized businesses (SMEs).
Tax Advisory Services
Our Tax Accountants provide Tax Services in Ottawa, the Greater Toronto Area (GTA), Kingston, London, and the province of Ontario as a whole, as well as in their surrounding locations, with a particular emphasis on business accounting and individual tax returns. We can supply you with up-to-date tax information either online, over the phone, or in person if you prefer.
CRA Audit Support
As part of an audit, the Canada Revenue Agency (CRA) may examine your books and records, papers, and information (collectively referred to as records), including any tax returns that you have submitted with the government, your credit history, and property information, among other things. If you have completed a tax return but have not yet received a credit report or credit card statement from the government, you may be subject to an audit (for example, a spouse or common-law partner, family members, corporations, partnerships, or a trust [settlor, beneficiary, and trustee]).
HST/GST Preparation Services
GST-registered services Filing of Tax Returns.
The GST (Products and Services Tax) is a federal tax applied at a fixed rate of 5% on the vast majority of goods and services sold in Canada. HST (Harmonized Sales Tax) has been implemented in several provinces, including Ontario, British Columbia, Newfoundland and Labrador, New Brunswick, and Nova Scotia, but GST (Goods and Services Tax) is still collected separately by each province.
If your annual income is $30 000 or more, you must register for a GST number with the Canada Revenue Agency (CRA) in order to conduct business in Canada. If your annual revenue is less than $30 000, you must apply for a GST number with the CRA (Canada Revenue Agency). Every GST registrant is required by law to file a GST return to disclose taxable sales that happened during the period to which they were assigned.
GST registration is a critical component of a business's financial health and growth. It should not be taken lightly. Bomcas Accounting and Tax Services handles the GST registration and filing process. Throughout the procedure, we provide assistance to businesses, small businesses, SMEs, and self-employed individuals. As a result, we understand the significance of CRA GST compliance, as well as the detrimental impact that fines can have on your company's operations and bottom line. Using professional GST filing services, for example, can help you gain greater financial control and engage in more strategic financial planning, to name a few advantages.
GST Filing Services are Offered by Professionals.
If you receive GST from your clients for goods and services, you must learn how to accurately pay the money to the government on time each quarter. A GST return must be filed with the Canada Revenue Agency in accordance with a set of standards, timetables, and supporting documentation.
Bomcas Accounting and Tax Services offers professional GST filing services to ensure that your GST return form is appropriately filed and that you earn the maximum financial benefit possible. It is our responsibility to discover permissible business expenses and tax credits so that you do not have to remit more GST to the government than is necessary.
It is feasible to submit Goods and Services Tax (GST) returns electronically.
You can file your GST returns in a variety of ways, depending on your choices and the limits imposed by the Canada Revenue Agency, such as by mailing a cheque, going through a bank or credit institution, or filing electronically through TELEFILE.
GST returns should be filed online, which we strongly suggest our clients to do at Bomcas Accounting and Tax Services. Online calculators help you optimize the benefits of cost reporting and tax credits that are appropriate to your case, in addition to lowering the likelihood of errors.
The advantage of filing your GST online is that it is received instantly, and if you are entitled to a GST refund, you will receive it considerably faster as a result. Remittance payments can be conducted online in a safe and secure manner. Your money will be received and processed as soon as possible, and you will be notified by email. It can save you time by not having to wait for cheques to clear or products to arrive in the mail, allowing you to manage your cash flow and spending budget more effectively.
The Canada Revenue Agency has set deadlines for submitting Goods and Services Tax returns.
The Canadian tax system is complicated, and your firm's GST filing date is directly related to your organization's GST reporting period. The deadline for your company is mentioned at the top of the GST return form (Form GST34) that you get from the Canada Revenue Agency (CRA), which you should carefully read. Depending on their size and financial condition, small firms and corporations can file tax returns on a yearly (with a year-end of December 31st), quarterly, or monthly basis.
Bomcas Accounting and Tax Services makes it easy for your company to file GST returns in Canada.
You can ensure that your GST return is filed accurately and on time by using Bomcas Accounting's GST filing services.
A GST return includes much more than just completing out papers and sending it to the government. Time spent gathering papers, completing GST forms, preparing returns, and making payments for each return period would be better spent on business development than than administrative tasks. In addition to providing expert GST filing services, our Accountants are committed to incorporating your GST return into your company's overall financial strategy and planning. If you want to learn more, please contact us right away.
Back Tax Services
Unfiled tax returns services are provided in Ottawa, the Greater Toronto Area, London, Kingston, and across the province of Ontario, Canada.
The failure to file income tax returns is a criminal offense. Our tax specialists in Ontario and Alberta, including Ottawa, Kingston, Toronto, Edmonton, Sherwood Park, and Red Deer, as well as Leduc, Beaumont, and Fort McMurray, as well as throughout Canada, have the necessary knowledge and experience to correct pending tax files for individuals or business owners in any city or town in Ontario or Alberta, in addition to providing you with peace of mind. We will be able to more easily negotiate appropriate settlements with the CRA and work out payment arrangements for tax penalties and interest if you voluntarily submit your unfiled documents through our offices or online.
Non-Resident tax services
Non-Canadian residents are welcome to take advantage of our Income Tax Compliance Services.
Developing T1 personal income tax forms for Canadian taxpayers who are leaving or entering the country in order to register their emigration or immigration is a top priority.
Individuals and corporations who do not reside in Canada but conduct business in the country may have their Canadian income tax returns prepared.
The preparation of elective nonresident tax returns under Sections 216, 216.1, 217, and 218.3 for nonresidents with Canadian sourced income under the provisions of Sections 216, 216.1, 217, and 218.3 for nonresidents with Canadian sourced income under the provisions of Sections 216, 216.1, 217, and 218.3 for nonresidents with Canadian sourced income under the provisions of Sections 216, 216.1, 217, and 218.3,
Non-residents who own rental properties in the real estate industry are required to file GST/HST filings, according to the federal government.
Nonresident tax information slips, such as the NR4s and NR4SUM, as well as the T4A-NRs and T4A-NRSUM, must be prepared in addition to resident tax information slips.
Tax forms NR5 and NR6 should be completed in order to reduce withholding taxes from nonresidents' income and salary.
Non-residents who sell real estate in Canada are required to complete form T2062/2062A – Certificate of conformity (clearing certificate) as well as the final T1 non-resident personal income tax return, as stipulated by Section 115 of the Income Tax Act of Canada (Canada).
Form T1261 – Application for an individual tax number (ITN#) and a non-resident withholding tax account (NR account#) for non-residents with income derived from sources in Canada – is for non-residents who have income derived from sources in Canada.
Management of the Canada Revenue Agency, as well as communication with the organization are all responsibilities (CRA).
Non-Canadian residents are welcome to take use of tax planning and consulting services in the country.
The production of customized exit/entry tax returns and the analysis of Canadian tax repercussions assist Canadian tax residents who are emigrating (departing from) or immigrating (entering) to a nation other than their home country.
The determination of residency status for tax purposes in Canada is meticulous, taking into account both primary and secondary residential relationships, as well as other important residential characteristics, among other factors.
Advising international professionals, temporary employees, athletes, and entertainers on the tax consequences of doing business in Canada is one of our areas of expertise.
The services we provide to international investors in Canada include consulting and advice. Assistance with the purchase of real estate in Canada is provided to non-citizens living outside the nation.
Mobile Tax & Accounting
Income tax filing and bookkeeping services are provided by us to individuals and businesses on a year-round basis, door-to-door. Every facet of your accounting requirements can be fulfilled at your convenience and at a reasonable price. Please get in touch with us right away if you want to learn more. No matter what accounting obstacles or difficult tax issues arise, our tax accountants, accounting team, and bookkeeping personnel have years of experience in the Accounting and Tax Services industry and are well-equipped to handle them.
Our Information Technology section ensures that we are up to current with the most up-to-day technology, allowing us to provide our services remotely, online, and through mobile devices while on the go. All of this can be accomplished using hardware that is simple to install and takes only a few minutes to get up and running. We can complete an entire tax return on-site, electronically file it, print you copies, email you electronic copies, and receive confirmation from the Canada Revenue Agency.
Income Tax Preparation Services Provided Across Ontario
Below is a list of cities, towns and communities in Ontario Canada where we are able to provide income tax preparation services to clients.
Aberdeen Additional | Ontario |
Addington Highlands | Ontario |
Adelaide-Metcalfe | Ontario |
Adjala-Tosorontio | Ontario |
Admaston/Bromley | Ontario |
Ajax | Ontario |
Alberton | Ontario |
Alfred and Plantagenet | Ontario |
Algoma | Ontario |
Algonquin Highlands | Ontario |
Alnwick/Haldimand | Ontario |
Amaranth | Ontario |
Amherstburg | Ontario |
and Glengarry | Ontario |
and Glengarry | Ontario |
and the Islands | Ontario |
Armour | Ontario |
Armstrong | Ontario |
Arnprior | Ontario |
Arran-Elderslie | Ontario |
Ashfield-Colborne-Wawanosh | Ontario |
Asphodel-Norwood | Ontario |
Assiginack | Ontario |
Athens | Ontario |
Atikokan | Ontario |
Augusta | Ontario |
Aurora | Ontario |
Aylmer | Ontario |
Baldwin | Ontario |
Bancroft | Ontario |
Barrie | Ontario |
Bayham | Ontario |
Beckwith | Ontario |
Belleville | Ontario |
Billings | Ontario |
Black River-Matheson | Ontario |
Blandford-Blenheim | Ontario |
Blind River | Ontario |
Bluewater | Ontario |
Bonfield | Ontario |
Bonnechere Valley | Ontario |
Bracebridge | Ontario |
Bradford West Gwillimbury | Ontario |
Brampton | Ontario |
Brant | Ontario |
Brantford | Ontario |
Brantford | Ontario |
Brethour | Ontario |
Brighton | Ontario |
Brock | Ontario |
Brockton | Ontario |
Brockville | Ontario |
Brooke-Alvinston | Ontario |
Bruce | Ontario |
Bruce | Ontario |
Bruce Mines | Ontario |
Brudenell, Lyndoch and Raglan | Ontario |
Burk's Falls | Ontario |
Burlington | Ontario |
Burpee and Mills | Ontario |
Caledon | Ontario |
Callander | Ontario |
Calvin | Ontario |
Cambridge | Ontario |
Cambridge | Ontario |
Carleton Place | Ontario |
Carling | Ontario |
Carlow/Mayo | Ontario |
Casey | Ontario |
Casselman | Ontario |
Cavan-Monaghan | Ontario |
Central Elgin | Ontario |
Central Frontenac | Ontario |
Central Huron | Ontario |
Central Manitoulin | Ontario |
Centre Hastings | Ontario |
Centre Wellington | Ontario |
Chamberlain | Ontario |
Champlain | Ontario |
Chapleau | Ontario |
Chapple | Ontario |
Charlton and Dack | Ontario |
Chatham-Kent | Ontario |
Chatsworth | Ontario |
Chisholm | Ontario |
Clarence-Rockland | Ontario |
Clarington | Ontario |
Clearview | Ontario |
Cobalt | Ontario |
Cobourg | Ontario |
Cochrane | Ontario |
Cockburn Island | Ontario |
Coleman | Ontario |
Collingwood | Ontario |
Conmee | Ontario |
Cornwall | Ontario |
Cramahe | Ontario |
Dawn-Euphemia | Ontario |
Dawson | Ontario |
Deep River | Ontario |
Deseronto | Ontario |
Dorion | Ontario |
Douro-Dummer | Ontario |
Drummond/North Elmsley | Ontario |
Dryden | Ontario |
Dryden | Ontario |
Dubreuilville | Ontario |
Dufferin | Ontario |
Durham | Ontario |
Durham | Ontario |
Dutton/Dunwich | Ontario |
Dysart, Dudley, Harcourt, | Ontario |
Ear Falls | Ontario |
East Ferris | Ontario |
East Garafraxa | Ontario |
East Gwillimbury | Ontario |
East Hawkesbury | Ontario |
East Zorra-Tavistock | Ontario |
Edwardsburgh/Cardinal | Ontario |
Elgin | Ontario |
Elgin | Ontario |
Elizabethtown-Kitley | Ontario |
Elliot Lake | Ontario |
Emo | Ontario |
Englehart | Ontario |
Enniskillen | Ontario |
Erin | Ontario |
Espanola | Ontario |
Essa | Ontario |
Essex | Ontario |
Essex | Ontario |
Evanturel | Ontario |
Faraday | Ontario |
Fauquier-Strickland | Ontario |
Fort Erie | Ontario |
Fort Frances | Ontario |
French River | Ontario |
Front of Yonge | Ontario |
Frontenac | Ontario |
Frontenac | Ontario |
Frontenac Islands | Ontario |
Gananoque | Ontario |
Gauthier | Ontario |
Georgian Bay | Ontario |
Georgian Bluffs | Ontario |
Georgina | Ontario |
Gillies | Ontario |
Goderich | Ontario |
Gordon/Barrie Island | Ontario |
Gore Bay | Ontario |
Grand Valley | Ontario |
Gravenhurst | Ontario |
Greater Madawaska | Ontario |
Greater Napanee | Ontario |
Greater Sudbury | Ontario |
Greater Sudbury | Ontario |
Greenstone | Ontario |
Grey | Ontario |
Grey Highlands | Ontario |
Grimsby | Ontario |
Guelph | Ontario |
Guelph | Ontario |
Guelph/Eramosa | Ontario |
Guilford, Harburn, Bruton, | Ontario |
Haldimand | Ontario |
Haldimand County | Ontario |
Haldimand-Norfolk | Ontario |
Haliburton | Ontario |
Halton | Ontario |
Halton Hills | Ontario |
Hamilton | Ontario |
Hamilton | Ontario |
Hanover | Ontario |
Harley | Ontario |
Harris | Ontario |
Hastings | Ontario |
Hastings | Ontario |
Hastings Highlands | Ontario |
Havelock, Eyre and Clyde | Ontario |
Havelock-Belmont-Methuen | Ontario |
Hawkesbury | Ontario |
Head, Clara and Maria | Ontario |
Hearst | Ontario |
Highlands East | Ontario |
Hilliard | Ontario |
Hilton | Ontario |
Hilton Beach | Ontario |
Hornepayne | Ontario |
Horton | Ontario |
Howick | Ontario |
Hudson | Ontario |
Huntsville | Ontario |
Huron | Ontario |
Huron East | Ontario |
Huron Shores | Ontario |
Huron-Kinloss | Ontario |
Ignace | Ontario |
Ingersoll | Ontario |
Innisfil | Ontario |
Iroquois Falls | Ontario |
James | Ontario |
Jocelyn | Ontario |
Johnson | Ontario |
Joly | Ontario |
Kapuskasing | Ontario |
Kawartha Lakes | Ontario |
Kearney | Ontario |
Kenora | Ontario |
Kerns | Ontario |
Killaloe, Hagarty and Richards | Ontario |
Killarney | Ontario |
Kincardine | Ontario |
King | Ontario |
Kingston | Ontario |
Kingston | Ontario |
Kingsville | Ontario |
Kirkland Lake | Ontario |
Kitchener | Ontario |
Kitchener | Ontario |
La Vallee | Ontario |
Laird | Ontario |
Lake of Bays | Ontario |
Lake of the Woods | Ontario |
Lakeshore | Ontario |
Lambton | Ontario |
Lambton | Ontario |
Lambton Shores | Ontario |
Lanark | Ontario |
Lanark | Ontario |
Lanark Highlands | Ontario |
Larder Lake | Ontario |
LaSalle | Ontario |
Latchford | Ontario |
Laurentian Hills | Ontario |
Laurentian Valley | Ontario |
Leamington | Ontario |
Leeds and Grenville | Ontario |
Leeds and Grenville | Ontario |
Leeds and the Thousand Islands | Ontario |
Lennox and Addington | Ontario |
Limerick | Ontario |
Lincoln | Ontario |
London | Ontario |
London | Ontario |
Loyalist | Ontario |
Lucan Biddulph | Ontario |
Macdonald, Meredith and | Ontario |
Machar | Ontario |
Machin | Ontario |
Madawaska Valley | Ontario |
Madoc | Ontario |
Magnetawan | Ontario |
Malahide | Ontario |
Manitoulin | Ontario |
Manitouwadge | Ontario |
Mapleton | Ontario |
Marathon | Ontario |
Markham | Ontario |
Markham | Ontario |
Markstay-Warren | Ontario |
Marmora and Lake | Ontario |
Matachewan | Ontario |
Mattawa | Ontario |
Mattawan | Ontario |
Mattice-Val Côté | Ontario |
McDougall | Ontario |
McGarry | Ontario |
McKellar | Ontario |
McMurrich/Monteith | Ontario |
McNab/Braeside | Ontario |
Meaford | Ontario |
Melancthon | Ontario |
Merrickville-Wolford | Ontario |
Middlesex | Ontario |
Middlesex | Ontario |
Middlesex Centre | Ontario |
Midland | Ontario |
Milton | Ontario |
Minden Hills | Ontario |
Minto | Ontario |
Mississauga | Ontario |
Mississauga | Ontario |
Mississippi Mills | Ontario |
Mono | Ontario |
Montague | Ontario |
Moonbeam | Ontario |
Moosonee | Ontario |
Morley | Ontario |
Morris-Turnberry | Ontario |
Mulmur | Ontario |
Muskoka | Ontario |
Muskoka | Ontario |
Muskoka Lakes | Ontario |
Nairn and Hyman | Ontario |
Neebing | Ontario |
New Tecumseth | Ontario |
Newbury | Ontario |
Newmarket | Ontario |
Niagara | Ontario |
Niagara Falls | Ontario |
Niagara Falls | Ontario |
Niagara-on-the-Lake | Ontario |
Nipigon | Ontario |
Nipissing | Ontario |
Norfolk | Ontario |
Norfolk County | Ontario |
North Algona Wilberforce | Ontario |
North Bay | Ontario |
North Dumfries | Ontario |
North Dundas | Ontario |
North Frontenac | Ontario |
North Glengarry | Ontario |
North Grenville | Ontario |
North Huron | Ontario |
North Kawartha | Ontario |
North Middlesex | Ontario |
North Perth | Ontario |
North Stormont | Ontario |
Northeastern Manitoulin | Ontario |
Northeastern Manitoulin and the Islands | Ontario |
Northern Bruce Peninsula | Ontario |
Northumberland | Ontario |
Northumberland | Ontario |
Norwich | Ontario |
Oakville | Ontario |
O'Connor | Ontario |
Oil Springs | Ontario |
Oliver Paipoonge | Ontario |
Opasatika | Ontario |
Orangeville | Ontario |
Orillia | Ontario |
Oro-Medonte | Ontario |
Oshawa | Ontario |
Oshawa | Ontario |
Otonabee-South Monaghan | Ontario |
Ottawa | Ontario |
Ottawa | Ontario |
Owen Sound | Ontario |
Oxford | Ontario |
Papineau-Cameron | Ontario |
Parry Sound | Ontario |
Peel | Ontario |
Pelee | Ontario |
Pelham | Ontario |
Pembroke | Ontario |
Pembroke | Ontario |
Penetanguishene | Ontario |
Perry | Ontario |
Perth | Ontario |
Perth | Ontario |
Perth East | Ontario |
Perth South | Ontario |
Petawawa | Ontario |
Peterborough | Ontario |
Peterborough | Ontario |
Petrolia | Ontario |
Pickering | Ontario |
Pickle Lake | Ontario |
Plummer Additional | Ontario |
Plympton-Wyoming | Ontario |
Point Edward | Ontario |
Port Colborne | Ontario |
Port Hope | Ontario |
Powassan | Ontario |
Prescott | Ontario |
Prescott and Russell | Ontario |
Prince | Ontario |
Prince Edward | Ontario |
Prince Edward County | Ontario |
Puslinch | Ontario |
Quinte West | Ontario |
Rainy River | Ontario |
Ramara | Ontario |
Red Lake | Ontario |
Red Rock | Ontario |
Renfrew | Ontario |
Renfrew | Ontario |
Richmond Hill | Ontario |
Richmond Hill | Ontario |
Rideau Lakes | Ontario |
Russell | Ontario |
Ryerson | Ontario |
Sables-Spanish Rivers | Ontario |
Sarnia | Ontario |
Saugeen Shores | Ontario |
Sault Ste. Marie | Ontario |
Schreiber | Ontario |
Scugog | Ontario |
Seguin | Ontario |
Selwyn | Ontario |
Severn | Ontario |
Shelburne | Ontario |
Shuniah | Ontario |
Simcoe | Ontario |
Simcoe | Ontario |
Sioux Lookout | Ontario |
Sioux Narrows-Nestor Falls | Ontario |
Smiths Falls | Ontario |
Smooth Rock Falls | Ontario |
South Algonquin | Ontario |
South Bruce | Ontario |
South Bruce Peninsula | Ontario |
South Dundas | Ontario |
South Frontenac | Ontario |
South Glengarry | Ontario |
South Huron | Ontario |
South River | Ontario |
South Stormont | Ontario |
Southgate | Ontario |
Southwest Middlesex | Ontario |
South-West Oxford | Ontario |
Southwold | Ontario |
Spanish | Ontario |
Springwater | Ontario |
St. Catharines | Ontario |
St. Catharines | Ontario |
St. Charles | Ontario |
St. Clair | Ontario |
St. Joseph | Ontario |
St. Marys | Ontario |
St. Thomas | Ontario |
Stirling-Rawdon | Ontario |
Stone Mills | Ontario |
Stormont, Dundas | Ontario |
Stormont, Dundas and Glengarry | Ontario |
Stratford | Ontario |
Strathroy-Caradoc | Ontario |
Strong | Ontario |
Sudbury | Ontario |
Sundridge | Ontario |
Tarbutt | Ontario |
Tay | Ontario |
Tay Valley | Ontario |
Tecumseh | Ontario |
Tehkummah | Ontario |
Temagami | Ontario |
Temiskaming Shores | Ontario |
Terrace Bay | Ontario |
Thames Centre | Ontario |
The Archipelago | Ontario |
The Blue Mountains | Ontario |
The Nation | Ontario |
The North Shore | Ontario |
Thessalon | Ontario |
Thornloe | Ontario |
Thorold | Ontario |
Thunder Bay | Ontario |
Thunder Bay | Ontario |
Tillsonburg | Ontario |
Timiskaming | Ontario |
Timmins | Ontario |
Tiny | Ontario |
Toronto | Ontario |
Toronto | Ontario |
Trent Hills | Ontario |
Trent Lakes | Ontario |
Tudor and Cashel | Ontario |
Tweed | Ontario |
Tyendinaga | Ontario |
Uxbridge | Ontario |
Val Rita-Harty | Ontario |
Vaughan | Ontario |
Wainfleet | Ontario |
Warwick | Ontario |
Wasaga Beach | Ontario |
Waterloo | Ontario |
Waterloo | Ontario |
Wawa | Ontario |
Welland | Ontario |
Wellesley | Ontario |
Wellington | Ontario |
Wellington | Ontario |
Wellington North | Ontario |
West Elgin | Ontario |
West Grey | Ontario |
West Lincoln | Ontario |
West Nipissing | Ontario |
West Perth | Ontario |
Westport | Ontario |
Whitby | Ontario |
Whitchurch-Stouffville | Ontario |
White River | Ontario |
Whitestone | Ontario |
Whitewater Region | Ontario |
Wilmot | Ontario |
Windsor | Ontario |
Windsor | Ontario |
Wollaston | Ontario |
Woodstock | Ontario |
Woolwich | Ontario |
York | Ontario |
York | Ontario |
Zorra | Ontario |
Tax Filing for Newcomers to Canada: Avoid Common Mistakes
Navigating the intricacies of tax filing for newcomers to Canada can be a daunting task. With the Canada Revenue Agency (CRA) administering a complex tax system that includes multiple tax credits, deductions, and varying tax rates, understanding one’s obligations and opportunities is crucial. This becomes even more significant for those filing an income tax return in Canada for the first time, where common mistakes can lead to missed benefits or compliance issues. Given this backdrop, this article aims to empower newcomers, including international students and temporary residents, with essential knowledge and tools to file their taxes accurately and efficiently.
At the heart of tax filing for newcomers to Canada are several key considerations: determining one’s tax residency status, obtaining a Social Insurance Number (SIN), understanding the progressive tax system, and knowing how to report foreign income to avoid double taxation. Additionally, newcomers must navigate through tax filing methods, deadlines, and the specifics of the first-time tax return in Canada, leveraging tax treaties and credits like the GST/HST credit, the First-Time Home Buyer’s Tax Credit, and the Canada Child Benefit (CCB). This comprehensive guide will explore these areas, offering insights into how to declare worldwide income, apply for relevant newcomer tax benefits, and understand the significance of the Notice of Assessment (NOA). By adhering to the outlined steps and considering the consultation of a tax expert when necessary, newcomers can achieve a smooth transition into Canada’s tax system, ensuring they meet their obligations while maximizing potential returns.
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Other Place in Ontario Bomcas Canada Accounting and Tax Services team provide Service
Rosemont, Ontario File Taxes, Tax Return, Income Tax Preparation
Falding, Ontario File Taxes, Tax Return, Income Tax Preparation
McAlpine Corners, Ontario File Taxes, Tax Return, Income Tax Preparation
Iroquois Falls, Ontario File Taxes, Tax Return, Income Tax Preparation
Canonto, Ontario File Taxes, Tax Return, Income Tax Preparation
Dongola, Ontario File Taxes, Tax Return, Income Tax Preparation
Oustic, Ontario File Taxes, Tax Return, Income Tax Preparation
Chesley, Ontario File Taxes, Tax Return, Income Tax Preparation
McFarlane Lake, Ontario File Taxes, Tax Return, Income Tax Preparation