Hamilton Professional Tax Accounting Services

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.

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).

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.

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]).

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.

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-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.

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.

Below is a list of cities, towns and communities in Ontario Canada where we are able to provide income tax preparation services to clients.