Overview

Personal tax accountant in calgary

Personal Tax Advisor in Calgary

Filing your personal income tax returns can be a daunting task, but our Calgary Personal Tax Accountant is here to help. By using our trusted personal income tax service, you can maximize your tax savings without the hassle of researching tax planning strategies and various deductions and credits applicable to your tax situation.

Errors in filing your tax return can attract the CRA’s attention. If you’ve forgotten to add information or made mistakes while entering or calculating numbers, you will receive a Notice of Reassessment.

Our Tax Accountant in Calgary and professional tax planning specialist can help you avoid mistakes on personal income tax returns. With our Personal Tax Services in Calgary, you don’t have to worry about tax issues before, during, or after filing your returns. You can complete it once and relax until the next tax season.

Whether you need a Personal Tax Advisor in Calgary or are looking for Income Tax Accountant in Calgary services, we’ve got you covered. We also offer support for Tax Audit in Calgary, ensuring you’re prepared for any situation. Trust us with your Personal Taxes in Calgary and experience the difference.

Personal income tax planning is important

There are numerous strategies to reduce your personal income tax liability. Our Personal Tax Services in Calgary allow you to maximize available exemptions, deductions, and benefits.

Depending on your earnings, you can leverage personal tax planning techniques or refundable tax credits. For instance:

A Registered Retirement Savings Plan Contribution (RRSP) can lower your net income. The profits in your RRSP portfolio are entirely tax-free – you don’t pay taxes on dividends and interest earned from the investment.
Home Buyer’s Plan
Lifelong Learning Plan
Registered Education Savings Plan (RESPs) – S.146.1 of ITA

You may be eligible for refundable tax credits such as Charitable Donations, Child Disability Benefits, Medical Expense Tax Credits, Eligible Educator Credits, Canada Caregiver Credits, Tuition Tax Credits, Interest on Student Loans, GST/HST, and Working Income Tax Benefits (WITB).

To minimize a large tax bill and/or increase your tax refund, ensure that you file your income tax return correctly and within the deadline. Optimal tax planning in advance with our Calgary Personal Tax Accountant will ensure your year-end goals are met and all deductions and credits are professionally handled.

Avoid Penalties

The Federal government earns 30% of its revenue from personal income taxes. As a Canadian taxpayer, you’re doing your bit to help pay for the country’s public infrastructure, schools, healthcare, and cultural activities.

The tax filing deadline for a particular year falls on April 30 of the following year. A few exceptional circumstances may extend this deadline (ex: the COVID-19 pandemic).

If you file your returns after the filing due date, the Canada Revenue Agency (CRA) charges a daily compound interest on the outstanding balance starting May 1 until you pay your taxes in full. The more you delay payment, the bigger your out-of-pocket penalty.

Contact one of our Personal Tax experts (CPA) now!

Don’t have an income? You should still file a return.

Some of the government’s tax benefits apply to Canadians regardless of their employment status. So, even if you’ve not earned an income or you’re between jobs, you should absolutely file a return.

You may be eligible for the Canada Child Benefit (CCB) tax-free monthly payment to payments and guardians raising children under 18 years of age.
You can claim provincial credits like the Alberta Family Employment Tax Credit, which pays a tax-free amount to families with children, and has no minimum working requirement.
You can qualify for the GST/HST tax credit that offsets some or all of the GST/HST you pay. Under this benefit, singles get $443/year, married or living common-law individuals get $580/year and families receive $153 for each child under the age of 19.

If you would rather not file your taxes, you’ll be missing out on the tax benefits that you can legally claim. The monthly and one-time payments will make a difference and help you sustain a dignified lifestyle as you search for a new job.

Filing zero income tax returns isn’t a useless exercise. Some of our clients have successfully claimed thousands in benefits during sustained periods of unemployment.

Why Us?

We share a few things in common with sought-after tax professionals in Alberta. We do your tax planning and accuracy is ingrained in our services.

Utilize Tax Credits and Tax Deductions
Apply Absolute and Deferred Tax Saving Strategies
Get a review of previous 5 years’ tax filings
Implement Tax Deferral & Tax Split S46.1 of iTA
Reduce Taxable Income Through Approved Income Adjustment (investment loan, child care costs)
Optimize Tax Goals by reducing income subject to tax, increasing tax deductions, and maximizing tax credits
Consider common tax deductions (childcare, moving expenses, RRSP contributions, interest on investment loan, union/professional fees)

But we also stand out in unique ways:

During the busy tax season, you’re not pushed to the end of the line. We devote time to each client and avoid rushed jobs in the second or third week of April. With our Calgary Personal Tax Accountant, you’ll never feel uncomfortable or stressed out.
You receive expert assistance in making Voluntary Disclosures should you need to adjust or file prior year’s returns. If you want to rectify errors and aren’t sure what to do, our Tax Accountant in Calgary is here to help.

Whether you need a Personal Tax Advisor in Calgary or are looking for Income Tax Accountant in Calgary services, we’ve got you covered. We also offer support for Tax Audit in Calgary, ensuring you’re prepared for any situation. Trust us with your Personal Taxes in Calgary and experience the difference.