Toronto GTA Late and Back Taxes Return Services

Bomcas Tax Professionals and Specialists for Toronto and the GTA can help you with your unfiled or late taxes, overdue tax returns with the Canada Revenue Agency (CRA), and backtax issues. People may face outstanding tax returns, late filed tax returns, back taxes owed, a frozen bank account, and assistance with a CRA audit.

 

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Accountants for Back Taxes Tax Services in Toronto GTA

Unfiled Tax Returns: Tax Returns that have not been filed or that have been filed late Don’t be alarmed if you see this! Check to see that your tax returns are up to date today!
We can assist you if you owe back taxes as a result of difficulties with the Canada Revenue Agency (CRA).
Frozen bank account: We can assist you with problems with the Canada Revenue Agency.

The CRA may have informed you that a wage garnishment will be applied to your pay stubs.

Dealing with a CRA audit enquiry can be a tough and nerve-racking procedure.

 

How Do I File Back Taxes in the Greater Toronto Area (GTA) and Canada?

This is not a good option, even if it is tempting and recommended by others. You should not file your own tax return online or meet with a tax professional who does not specialise in late-filed tax returns or CRA issues. When submitting tax returns for multiple years at the same time, there are a number of considerations to take into account. Simply catching up is not enough; you must carefully consider your options and potential contacts with the Internal Revenue Service as well (CRA). You’ll also want to minimize your tax liability to the greatest extent possible. An experienced late filing firm, such as Bomcas Canada Accounting and Tax Services, will be able to assist you in obtaining the best possible outcome.

Do you owe money on your back taxes? Do you owe back taxes that you need to pay?

Our Canadian Tax Services Provide tax preparation services for corporations and individuals for citizens and residents of Canada and the United States, as well as foreign residents. By identifying and claiming tax credits and deductions that you are eligible for, our experienced tax preparer can help you save money while also ensuring that you are in compliance with the Canada Revenue Agency, state and federal tax requirements, or the tax regulations of your home country of origin.
You, your family, and your business will benefit from our tax planning services because they will be able to make better use of the tax system. Tax planning is a process that aims to reduce your tax liabilities while also constructing a tax-efficient financial strategy for retirement and investing.

Complete your back taxes from the comfort and security of your own home and take care of yourself. Provide you with the opportunity to work with one of our knowledgeable and experienced back tax accountants to meet all of your accounting needs. With the help of one of our specialised professional tax accountants located throughout Canada, we can provide online and remote assistance. Please do not hesitate to contact us if you have any questions or concerns.

  • Have you failed to file your tax returns for a number of years?
  • The CRA has calculated your tax balance?
  • Have you had your earnings garnished owing to unpaid taxes?
  • The CRA has placed a claim on your home as a result of past-due taxes.

We will help you prepare your tax returns, calculate an accurate tax payable balance, provide tax planning advice, and work hard to halt CRA collection action. We have years of experience and a remarkable proven track record in tax audit and back tax disputes with the CRA.

Toronto GTA General Accounting & Tax Services

Personal Tax Services

Bomcas Accounting and Tax Services in Canada offers personal tax services to clients in order to help them manage their personal and family wealth through strategic tax and financial planning.

Complete a GST/HST Return

When you file these electronically, the Canada Revenue Agency (CRA) now requires you to specify whether your income is from exempt or zero-rated goods, as well as sales from your linked organization.

Back Taxes, Unfiled Tax Returns

Our taxation services for individuals and businesses, including CRA audits, insolvency, back taxes, tax planning and assistance, and other services, can help you avoid making costly mistakes in the future.

Income Tax Preparation

Our tax professionals make taxes straightforward for you. File your tax return from wherever you are, and we’ll ensure you the most refund possible. You can file it in person, online, or by mail.

Small Business Accounting

We provide everything you’ll need to keep your business running smoothly. Accounting, strategy planning, payroll administration, cash flow management, bank financing, and other related services

Cross Border Tax Services

Our cross-border tax specialists are available to assist individuals and businesses with their tax issues. With us, you can rest assured that your cross-border taxes will be completed correctly the first time.

Sole Proprietorship Tax

Sole Proprietorship/Self- Employed. Your proprietorship or self employed income is reported along with any personal income on a T1 Income Tax Return. Our Tax Accountants are available

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.

Real Estate Accountant

Rental income must be reported in order to correctly complete and file your annual tax return. Our Real Estate accountants will assist you in maximizing any potential write-offs or benefits available to you.

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Dedicated Tax Accountants

With your taxes in our Accountant’s hands, you can rest easy knowing that you have a tax expert on your side who is conversant and knowledgeable about all of Canada’s tax regulations.

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Full-Service Support

Throughout the year, your Tax Accountant will advise you on tax methods that will help you save thousands of dollars. As well as all of the best practices. Your Accountant will work hard to secure you the largest possible return.

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No Hidden Cost

Your initial fee will be communicated to you. Many of our services are flat-rate or vary in price depending on their complexity. There will be no surprises on your bill, no matter how frequently you contact us. You only pay for work that has been completed.

Bomcas Toronto GTA Service Area in Ontario Canada

Accounting, Bookkeeping, Payroll, Farming, Personal & Corporate Tax, Income Tax Preparation are all services provided by Bomcas Canada. Here is a list of Ontario locations where we provide services. Please keep in mind that we can supply all of our services remotely and online to all of Ontario and all of Canada.

(780) 667-5250

Talk with a Tax Accountant Today

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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Contact Information

To clarify, you may complete all your accounting and tax services entirely online with us, eliminating the need for you to travel to our office or take time away from work, among other things. You can also contact us and we will be pleased to assist you with any of your accounting and tax needs.

Call: 780-667-5250
Fax: 780-851-2520
Email: info@bomcas.ca