Tag: Edmonton Corporate Tax

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Edmonton Alberta Accounting Firm. Alberta Personal income tax rates

Alberta Personal income tax rates

BOMCAS LTD. Edmonton and Sherwood Park Tax Accounting Service. Feel Free to contact us regards getting your tax completed. One of our accountant will be happy to assist you all the way through. BOMCAS LTD. Income Tax Preparation Service in Edmonton Alberta will be happy to help you.  Call us Today You Will Be Happy You Did
The rates are based on the following income tax brackets:

Tax RateTax Bracket
10%Up to $131,220
12%$131.220.01 to $157,464
13%$157,464.01 to $209,952
14%$209,952.01 to $314,928
15%$314,928.01 and up
Source: Treasury Board and Finance

The dividend tax credit rate for dividends paid out of income taxed at the general corporate income tax rate (eligible dividends) will be adjusted on January 1, 2021, corresponding with the acceleration of the general corporate income tax rate reduction announced June 29, 2020 in Alberta’s Recovery Plan.

Alberta Child and family benefits

Beginning on July 1, 2020, the Alberta Child Benefit (ACB) and the Alberta Family Employment Tax Credit (AFETC) are being consolidated into a single program, the new Alberta Child and Family Benefit (ACFB), with the first payment issued in August 2020. The new ACFB will provide more benefits to lower-income families while streamlining administration.
Final payments for the ACB and AFETC programs have already been issued, although the Canada Revenue Agency (CRA) will continue to issue retroactive payments for previous benefit years, if applicable. Households who previously received the AFETC will no longer receive a payment in July, as those that qualify will now receive one combined quarterly ACFB benefit payment starting in August.

Alberta Commonly used forms

Alberta’s personal income tax system is administered by the Canada Revenue Agency (CRA). The following forms are commonly used and are available from the CRA:

Original Source: https://www.alberta.ca/personal-income-tax.aspx

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Edmonton and Sherwood Park Photography Services

BOMCAS LTD. Your local Accounting Firm in Sherwood Park Alberta Providing Tax and Accounting Services in Sherwood Park and Edmonton Alverta with over 15 years of Accounting and Tax Services. We are professional Tax Accountants Sherwood Park, Edmonton Alberta,  Small Business Tax Accounting. Experienced Tax Accountant serving Sherwood Park, Edmonton, St. Albert, Leduc, Stony Plain and Beaumont Alberta. Specializing in Small Business Tax, Accounting  and Bookkeeping.Personal and Corporate Tax Services locally and vierually(Opens in a new browser tab)

Feel free to contact us regards all your Tax, Accounting, Bookkeeping and Payroll needs. One of Our Accountant will be happy to work with you. 

Find Below information regards corporation tax for Alberta.

Small business deduction Alberta

Canadian-controlled private corporations not in an associated group may claim a small business deduction on active business income (i.e., non-investment income), up to the small business threshold of $500,000. Canadian-controlled private corporations in an associated group share the maximum small business threshold.

Personal income tax(Opens in a new browser tab)

For more information about the small business deduction:

Scientific Research and Experimental Development Tax Credit Alberta

Bill 20, the Fiscal Measures and Taxation Act, 2019 received Royal Assent on December 5, 2019, and Alberta’s Scientific Research and Experimental Development Tax Credit (SR&ED) is being eliminated. For more information, see Special Notice Vol. 5 No. 54, Budget 2019 Elimination of Corporate Tax Credits.

Alberta’s Scientific Research and Experimental Development Tax Credit (SR&ED) program provides a refundable tax credit to corporations for SR&ED expenditures carried out in Alberta by the corporations.

More information and forms:

Foreign Investment Income Tax Credit Alberta 

A corporation may be entitled to claim an Alberta Foreign Investment Income Tax Credit if it received foreign investment income and is entitled to claim a foreign tax credit under the federal Act relating to foreign income or profits tax paid on income from foreign non-business sources. Foreign investment income is income earned outside Canada that is not reasonably attributable to the carrying on of the corporation’s business. See the following schedule:

Other tax credits Alberta 

Bill 20, the Fiscal Measures and Taxation Act, 2019 received Royal Assent on December 5, 2019, and the Alberta Investor Tax Credit, Community Economic Development Corporation Tax Credit, Capital Investment Tax Credit, and Interactive Digital Media Tax Credit are being eliminated. For more information, see Special Notice Vol. 5 No. 54, Budget 2019 Elimination of Corporate Tax Credits, or the Budget 2019 Tax Plan (PDF, 7.5 MB).

Together with Alberta Economic Development, Trade and Tourism, Tax and Revenue Administration administers the following tax credits:

Who has to file

Unless it is exempt, a corporation is required to file an Alberta corporate income tax return (AT1) if it had a permanent establishment in Alberta at any time during the taxation year.

To determine if your corporation is exempt, complete the Exemption Criteria section in AT100, Preparing and Filing the Alberta Corporate Income Tax Return (PDF, 312 KB).

Additional information on who is not required to file, who is exempt and the definition of a permanent establishment are outlined in Information Circular CT-2, Filing Requirements.

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How to file

Returns are due within 6 months from the end of a corporation’s tax year end.

Net file

Using certified software, taxpayers or service providers can use net file to electronically submit an Alberta corporate income tax return, including reassessments or amended returns. Net file provides the user with immediate receipt confirmation, faster processing and the convenience of filing from anywhere.

There is no access code or registration required.

Net file is available Monday to Saturday, 07:00 to 24:00 MST and on Sunday 17:30 to 24:00 MST.

Net file eligibility

To file a corporate income tax return (AT1) using net file, the corporation must meet all of the following criteria:

Net file of returns by corporations

For returns for taxation years ending after December 31, 2017, any corporation whose gross revenue exceeds $1 million is required to net file its Alberta AT1 Returns.

The following are exceptions where the corporation is not required to net file:

  • an insurance corporation defined in subsection 248(1) of the federal Income Tax Act,
  • a non-resident corporation,
  • a corporation reporting in functional currency as defined in subsection 261(1) of the federal Income Tax Act, or
  • a corporation that is exempt from taxation under section 35 of the Alberta Corporate Tax Act and section 149 of the federal Income Tax Act.

Net file of returns by tax preparers

For returns for taxation years ending after December 31, 2017, a tax preparer is required to net file AT1 Returns in circumstances where the tax preparer accepts consideration to prepare more than 10 returns.

The following are exceptions where the tax preparer is not required to net file:

  • a type of return for which the tax preparer has applied for and received permission from TRA to file by another method,
  • a type of return that TRA does not accept by electronic filing, or
  • a return for the following types of corporations:
    • an insurance corporation defined in subsection 248(1) of the federal Income Tax Act,
    • a non-resident corporation, or
    • a corporation reporting in functional currency as defined in subsection 261(1) of the federal Income Tax Act.

Net file certified software

The return must be generated and submitted using TRA-certified tax return preparation software.

For a list of certified software offering net file capability, see Software Certified for AT1 Net File Return Format for 2008 and Subsequent Taxation Years.

Refer to each software product for specific system requirements, instructions, and procedures on preparation and submission of returns in net file format.

Paper

How to pay

If you have a February tax year end with an amount owing, instruct the payment to be applied to the same tax year end date on your tax return. For example, if your Tax Year End Date is February 29, 2020, ensure that the payment is instructed to be applied to February 29, 2020 as well.

Remittance due dates

Instalment payments are due the last day of each month, and the remaining balance, if any, is due as follows. If the due date falls on a weekend or holiday, then the due date is the next business date.

Canadian Controlled Private Corporations (CCPCs)

  • on or before end of the third month following the taxation year

Other corporations

  • on or before the end of the second month following the taxation year

CCPCs exempt from instalments

  • total tax is due by the end of the third month following the taxation year end

Other corporations exempt from instalments

  • total tax due by the end of second month following the taxation year end

See Information Circular CT-3, Alberta Corporate Tax Instalments, for more information.

Making payments

Maintain your account in TRACS

TRA Client Self-Service (TRACS) is a secure online system for authorized clients to conveniently conduct business with TRA. You can do the following tasks in TRACS:

  • confirm receipt and completion of submitted returns
  • view status of prior assessments, financial details and notices of assessment and reassessment
  • access financial information and view account period balances
  • update address and contact information
  • delegate account access to other employees or authorized individuals
  • set up direct deposit for corporate income tax refunds

For more details, instructional videos and to log in to your TRACS account, see TRACS information.

How to apply for direct deposit Alberta

Direct deposit is a convenient, reliable, and secure way to receive a refund from TRA.

Step 1: Register for TRACS (TRA Client Self-Service)

Step 2: Sign up for direct deposit in TRACS

  • Log in to your TRACS account and select ‘Manage Direct Deposit’.
  • Enter your banking and contact information and submit.
  • For an instructional video, see TRACS videos.

Publications

Information circulars

These documents discuss procedural matters and administrative policies and practices for programs administered by TRA. They are updated as necessary and a revision number assigned.

Cross-program information circulars

Corporate income tax information circulars and SR&ED Tax Credit Guide

Interpretation bulletins

These documents explain legislation and provide specific information related to Alberta Corporate Income Tax. Interpretation bulletins are updated as necessary and a revision number assigned.

Special notices

These documents are used to announce changes to the legislation administered by TRA, or changes to administrative policies and practices carried out by TRA. These notices are time-specific, and meant to be transitory in nature. The information may eventually be incorporated into other publications, such as information circulars or web content.

Certified software for corporate income tax returns

Form instructions

Trouble opening or completing fillable PDF forms?

Fillable PDF forms do not open properly on some mobile devices and web browsers. If the form doesn’t open, or you can’t complete the form, or you see a “please wait” message, follow these steps to complete and save fillable forms from Tax and Revenue Administration (TRA):

  1. Right-click on the form link and select “Save Target As” or “Save Link As”, and save the form to your computer.
  2. Launch Adobe Reader.
  3. Open the PDF from within Adobe Reader. You can now fill and save your form.

Electronic signatures allowed

In order to reduce the necessity for taxpayers and tax preparers to meet in person, TRA will recognize electronic signatures. This administrative measure applies to all prescribed forms administered by TRA. To add a digital signature, the form must first be downloaded or opened as a PDF.

To submit your forms

Complete your forms and submit them to TRA.

Forms

AT1: Alberta Corporate Income Tax Return and Schedules

Scientific Research and Experimental Development Tax Credit forms (SR&ED)

Election forms

Other forms

Original Source: https://www.alberta.ca/corporate-income-tax.aspx

 

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Edmonton Accounting Services

Edmonton Accounting Firm BOMCAS LTD

    Bomcas Accounting Services in Edmonton Alberta is a  full services Accounting Firm.

Edmonton Personal Tax Accounting Services
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We have over 15 years of accounting services experience. 

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Information for Canadian Small Businesses

Corporate Tax

At BOMCAS Top Accounting Firm Edmonton we bring our tax accountant expertise to assist both domestic and multi-national corporations with services that include, but are not limited to:

  • Corporate income tax preparation and filing of returns
  • GST/HST compliance
  • Financial statement preparation
  • Tax dispute resolution consultations
  • Assistance with design & implementation of international tax programs
  • Payroll planning and remittance – domestic and cross-border
  • Tax treaty review

Address: 181 Meadowview Bay, Sherwood Park, Alberta T8H 1P7
Phone: 780-953-5250
Email: info@bomcas.ca

Digital services for businesses

Digital services help businesses by streamlining communications with the CRA and simplifying the preparation and submission of tax information. For more information, go to E-services for Businesses.

Registering your business

Business Registration Online is a CRA web page that is a one-stop registration service that lets you apply for a business number (BN) and register for programs administered by British Columbia, Nova Scotia, and Ontario.

You can also use this online service if you have a BN and need to register for any of the four common program accounts (GST/HST, payroll deductions, corporate income tax, and import/export). Businesses with a physical address in Quebec that need a GST account will be linked automatically to the Revenu Québec website. For more information, go to Business Registration Online (BRO).

Filing returns

File your income tax and benefit return using NETFILE

NETFILE is one of our digital tax-filing options. This service lets you file your income tax return with us using the Internet. You can only send your own return to us using NETFILE. Authorized representatives cannot send returns for their clients through NETFILE. When you use this service, you cannot change any of your personal information such as your name, address, date of birth, or direct deposit information.

If you have registered with the My Account service, you can change your address before using NETFILE by going to My Account for Individuals.

If you are not registered, call 1-800-959-8281 to make the necessary changes to your address before using NETFILE.

File your corporate income tax return over the Internet

You can file your corporation income tax return with us online. All corporations with annual gross revenue of more than $1 million mustfile their corporate income tax return online. Businesses can use our corporate Internet filing service or file through My Business Account, and authorized representatives can file through Represent a Client without a web access code.

Mandatory digital filing for GST/HST registrants 

Some GST/HST registrants have to file their GST/HST return online. Your filing options, however, depend on your reporting circumstances.

For more information on options for the digital filing of GST/HST returns, go to File a GST/HST return.

You may also be able to file your return online and make your payment through a participating financial institution or third-party service provider. Contact your local branch or service provider to see if they offer this service, or go to GST/HST EDI filing and remitting.

Note

Eligible T2 corporation income tax, GST/HST, and information returns can be filed online by business owners using our online services:

The GST/HST Registry

The GST/HST Registry is an online service that you can use to validate the GST/HST number of a business. This ensures that the ITCs you claim only include GST/HST charged by GST/HST registrants.

For more information, go to Confirming a GST/HST account number.

You can validate a Quebec sales tax (QST) registration number for a person who is registered for the QST, other than a selected listed financial institution (SLFIs), by accessing the QST registry on the Revenu Québec website at Validation of a QST Registration Number.

Note 

The CRA administers the QST for selected listed financial institutions.

Getting help

To get help using My Business Account, GST/HST NETFILE, GST/HST TELEFILE, Information Returns, Digital Filing, Represent a Client, and the Payroll deductions online calculator, you or your authorized representative can call Business enquiries at 1-800-959-5525. To find other telephone numbers go to Telephone numbers.

Note

The e-Services Helpdesk is not available on weekends, statutory, or civic holidays.

For help with Corporate Internet Filing, call 1-800-959-2803.

For general business enquiries, call 1-800-959-5525.

For more information about our digital services for businesses, go to e-services for Businesses.

Advance income tax rulings and interpretations

An advance income tax ruling is a written statement from CRA that says how we will interpret and apply Canadian income tax law to transactions a taxpayer is considering.  

Ruling for a Canada Pension Plan (CPP) or employment insurance (EI)

You can ask for a ruling on the status of a worker or workers under the Canada Pension Plan or the Employment Insurance Act, using the Request a CPP/EI ruling service by using our online services:

To ask for a ruling for a given year, you have to send your request by June 29 of the next year.

GST/HST rulings and interpretations

You can ask for a written ruling or interpretation on how the GST/HST applies to your operations or transactions. We will provide guidance, and as much certainty as possible, about how the GST/HST applies and the consequences of your transactions or proposed transactions. If you need general information about GST/HST, go to Goods and services tax/harmonized sales tax (GST/HST) or call 1-800-959-5525.

We provide our GST/HST rulings and interpretations service from rulings centres across Canada (except in Quebec). You or your authorized representative can call us at  1-800-959-8287. For service in Quebec, call Revenu Québec at 1-800-567-4692.

For more information, see Pamphlet RC4405, GST/HST Rulings – Experts in GST/HST Legislation and GST/HST Memorandum 1.4, Excise and GST/HST Rulings and Interpretations Service.

Excise duty rulings and interpretations

You can ask for a written ruling or interpretation on how excise duties apply to certain goods such as alcohol and tobacco products. For more information, contact a regional excise duty office. For a listing of their numbers, see Excise Duty Memoranda EDM1-1-2, Regional Excise Duty Offices, at Forms and publications.

Excise taxes and other levies rulings and interpretations

You can ask for a written ruling or interpretation on how the excise tax or air travellers security charge applies to your operations or transactions. For more information on requesting an excise tax or other levies ruling, go to Excise Taxes – Contacts.

Scientific Research and Experimental Development (SR&ED) Program

The Scientific Research and Experimental Development (SR&ED) Program is a federal tax incentive program designed to encourage Canadian businesses of all sizes and in all sectors to conduct research and development (R&D) in Canada. Whether you are a first-time claimant, or need help to understand the requirements of the program, we have various free services and tools that can help you. For more information on this credit and these sessions, go to Scientific Research and Experimental Development Tax Incentive Program or call 1-800-959-5525.

Canada business service centres

On the Government of Canada website, you can find a list of links to the websites of Government of Canada departments, agencies, and Crown corporations. You can also find links to websites maintained by organizations for which federal departments and agencies are responsible.

Innovation, Science and Economic Development Canada

To access Innovation, Science and Economic Development Canada’s extensive expertise and information resources, visit Innovation, Science and Economic Development Canada.

Your rights, entitlements, and obligations

The CRA operates on the fundamental belief that taxpayers are likely to comply with the law if they are treated fairly and have the information, advice, and services they need to meet their obligations. These obligations may include filing required returns, paying taxes, providing information, and properly declaring imported or exported goods.

What is the Voluntary Disclosures Program?

The Voluntary Disclosures Program allows you to come forward and correct inaccurate or incomplete information or to disclose information you had not previously reported to us.

You may avoid penalties and prosecution if you make a valid disclosure before you become aware of any compliance action being initiated against you by us. You will only have to pay the taxes owing plus interest.

A disclosure is valid if it:

  • is voluntary
  • contains complete information
  • involves the application or the potential application of a penalty
  • generally includes information that is more than one year overdue

The Voluntary Disclosure Program provides an avenue for you to correct past errors and omissions and become compliant with tax laws.

For more information, go to Voluntary Disclosures Program or see Information Circular IC00-1R5, Voluntary Disclosures Program, or GST/HST Memorandum 16.3, Cancellation or Waiver of Penalties and/or Interest.

Cancel or waive penalties or interest

The CRA administers legislation, commonly called the taxpayer relief provisions, that gives the CRA discretion to cancel or waive penalties or interest when taxpayers are unable to meet their tax obligations due to circumstances beyond their control.

The CRA’s discretion to grant relief is limited to any period that ended within 10 calendar years before the year in which a request is made.

For penalties, the CRA will consider your request only if it relates to a tax year or fiscal period ending in any of the 10 calendar years before the year in which you make your request. For example, your request made in 2018 must relate to a penalty for a tax year or fiscal period ending in 2008 or later.

For interest on a balance owing for any tax year or fiscal period, the CRA will consider only the amounts that accrued during the 10 calendar years before the year in which you make your request. For example, your request made in 2018 must relate to interest that accrued in 2008 or later.

To make a request, fill out Form RC4288, Request for Taxpayer Relief – Cancel or Waive Penalties or Interest. For more information about relief from penalties or interest and how to submit your request, go to Taxpayer relief provisions.

Original Source: https://www.canada.ca/en/revenue-agency/services/forms-publications/publications/rc4070/information-canadian-small-businesses-chapter-8-your-service.html

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Small Business Accountant in Edmonton: Your Partner for Expert Financial Management

In the vibrant business landscape of Edmonton, small enterprises play a crucial role in driving the local economy. As a small business owner in this dynamic city, efficient financial management is paramount to your success. This is where the expertise of a skilled Small Business Accountant in Edmonton, like Bomcas Edmonton Tax Services, comes into play. In this article, we’ll explore the pivotal role of a Small Business Accountant in Edmonton and how they can assist your venture in navigating the complexities of financial management.

Why Your Small Business Needs an Accountant in Edmonton

  1. Expert Financial Insight: A proficient Small Business Accountant possesses in-depth knowledge of financial regulations, tax codes, and accounting practices specific to Edmonton. This expertise ensures accurate financial records, maximizing your tax deductions and optimizing your financial strategy.
  2. Time-Efficient Operations: By outsourcing your accounting tasks to professionals, you free up valuable time to focus on core business activities. This enhanced productivity translates into growth opportunities for your small business.
  3. Compliance and Risk Management: Edmonton’s financial regulations can be intricate. A skilled Small Business Accountant ensures your business adheres to local financial laws, reducing the risk of penalties or legal issues.
  4. Strategic Financial Planning: Collaborating with an accountant allows you to create a well-structured financial plan that aligns with your business goals. From budgeting to forecasting, their insights can guide your growth trajectory.

Why Choose Bomcas Edmonton Tax Services

  1. Tailored Solutions: Bomcas Edmonton Tax Services understands that each small business is unique. Their team crafts customized financial solutions that cater to the specific needs and goals of your venture.
  2. Local Expertise: With years of experience serving Edmonton’s business community, Bomcas Edmonton Tax Services possesses a deep understanding of the local economic landscape and the challenges small businesses face.
  3. Comprehensive Services: From bookkeeping and tax preparation to financial reporting and advisory services, Bomcas Edmonton Tax Services offers a comprehensive suite of solutions designed to streamline your financial operations.
  4. Personalized Guidance: Bomcas Edmonton Tax Services works closely with you to demystify financial jargon and provide clear, actionable insights. They become a partner in your success journey, offering guidance at every step.

Client Success Story: Growing a Local Retail Business

Bella’s Boutique, a local fashion retailer in Edmonton, faced challenges in managing its finances effectively. Bomcas Edmonton Tax Services stepped in to revamp their accounting processes. Through meticulous financial analysis, Bomcas identified cost-saving opportunities and helped Bella’s Boutique optimize their inventory management. With accurate financial reports, the boutique made informed decisions that led to a 20% increase in revenue within a year.

Conclusion

As a small business owner in Edmonton, partnering with a Small Business Accountant like Bomcas Edmonton Tax Services can be a game-changer. With their localized expertise, comprehensive solutions, and personalized guidance, you can focus on growing your business while leaving the complexities of financial management in capable hands. Embrace the advantage of a skilled Small Business Accountant in Edmonton and set your business on a path to sustainable success.

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Accounting Edmonton Accounting Firm Edmonton Alberta Accounting Firm Edmonton Tax Accounting and Bookkeeping Services Income Tax Preparation Service Edmonton Alberta Income Tax Preparation Service Sherwood Park Alberta Incorporate Sherwood Park Accountants Other Accounting Services Personal income tax Sherwood Park Tax Accounting and Bookkeeping Services Tax Tax Accountant Sherwood Park Tax Accounting and Bookkeeping Services Tax Preparation Sherwood Park YEG ACCOUNTANT

Edmonton and Sherwood Park Trust income tax

Services and information

Trust Income Tax Return

Determine whether a trust should file a Trust Income Tax Return (T3), and where and when to a file a T3.

Trust Information returns – slips and summaries

Determine when a trust has to complete and distribute T3 slips, filing methods for T3 slips, and due dates.

Trust types and codes

Differentiate between testamentary and inter vivos trusts, and get the code numbers for different types of trusts.

Specified investment flow-through trust income and distribution tax

Determine what a SIFT trust is, and get the tax calculation formula for SIFT trusts.

Original Source: https://www.canada.ca/en/services/taxes/income-tax/trust-income-tax.html

Contact Us
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Accountant in the Park Accounting Canada Virtual Accounting Firm Income Tax Preparation Service Edmonton Alberta Income Tax Preparation Service Sherwood Park Alberta Incorporate Sherwood Park Accountants Other Accounting Services Personal Income Tax Return Accountant Edmonton Alberta Professional Tax Accounting Services Edmonton & Sherwood Park Alberta Tax Tax Accountant Sherwood Park Tax Preparation Sherwood Park YEG ACCOUNTANT

Personal income tax

Services and information

Doing your taxes

This page sets out everything you need to know to do your taxes.

Your tax obligations

Determine your tax obligations and whether you need to file a tax return.

Tax slips

Review the slips you may receive from your employer, payer, or administrator.

Personal income

Determine what has to be reported as income on your personal income tax return.

Tax deductions, credits, and expenses

Claim tax deductions, credits, and expenses to reduce the amount of tax you must pay.

Tax refunds

Check the status of your refund, and when you can expect to receive your refund.

Tax payments

Make a tax payment, get information on paying by instalments, paying arrears, and payment arrangements.

Notices of assessment

Understand your notice of assessment (NOA) and find out how to get a copy.

Personal income tax rates

View the current and previous years’ tax rates for individuals.

More personal income tax

Get additional information about filing your personal income tax.

Original source: https://www.canada.ca/en/services/taxes/income-tax/personal-income-tax.html

What is Income Tax Preparation?

You provide us with your tax forms and documentation, and our tax experts will take it from there. They’ll ensure everything is in order, prepare, review everything with you, and then file your taxes for you. You get to sit back and relax, knowing your taxes are in expert hands.

SHERWOOD PARK PERSONAL TAX MADE EASY

EXPERT HELP

Our tax professionals are experts in the ever-changing tax laws and benefits, as well as the nuances of your specific tax situation. Rest easy knowing your taxes are done right every time.

ONLINE ACCESS

Upload your documents to our Secure cloud-based application. Take it easy as we prepare, review, and file your tax forms.

YEAR-ROUND SUPPORT

Even if it’s not tax time, we’re always available to answer your questions as it relates to your Tax and accounting.

TALK TO AN EXPERT NOW

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Accountant in the Park Accounting Canada Virtual Accounting Firm Incorporate Sherwood Park Accountants Other Accounting Services Payroll Accounting services in Alberta Professional Tax Accounting Services Edmonton & Sherwood Park Alberta Tax Tax Accountant Sherwood Park Tax Preparation Sherwood Park YEG ACCOUNTANT

BOMCAS LTD Accounting and Tax Services

Edmonton and Sherwood Park Personal Income Tax Preparation and Filing Services

At BOMCAS Sherwood Park, Edmonton Accounting and Tax Services, our tax experts are dedicated to remaining current with the constantly changing Canadian tax laws. We take the time to understand the unique situation of each of our clients and ensure they are following the latest tax laws, while paying the least amount of tax possible.

  • Individual Canadian Tax Return Preparation
  • Personal Tax Planning
  • Immigration and Emigration Tax Planning
  • T3 – Trust Income and Information Return
  • Final Income Tax Returns for Deceased Taxpayers
  • Estate Planning
  • Voluntary Disclosures for unreported income or information forms not filed

Edmonton and Sherwood PARK Corporate Income Tax Preparation and Filing Services

At BOMCAS Accounting & Tax Services we bring our tax expertise to assist both domestic and multi-national corporations with services that include, but are not limited to:

  • Corporate income tax returns
  • GST/HST compliance
  • Financial statement preparation
  • Tax dispute resolution consultations
  • Assistance with design & implementation of international tax programs
  • Payroll planning and remittance – domestic and cross-border
  • Tax treaty review

Edmonton and Sherwood Park Bookkeeping Services

We provide continuing bookkeeping maintenance in the background while you focus on your core business operations.  As experienced bookkeeping and tax professionals, we’ll help you with all the data entry and bank reconciliations that are required, all on a remote basis. Contact us today and see how we can help you.

Edmonton and Sherwood Park Payroll Accounting Services

Our bookkeeping advisers provide Canadian payroll processing services for growing businesses, assisting in government remittances and year end T4 filings. With years of experience, our experts have the knowledge and expertise and qualification needed to handle any situation.

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Accounting Canada Virtual Accounting Firm Personal Income Tax Return Accountant Edmonton Alberta Tax

Personal and Corporate Tax Services locally and vierually

WHAT IS INCOME TAX PREPARATION?

You provide us with your tax forms and documentation, and our tax experts will take it from there. They’ll ensure everything is in order, prepare, review everything with you, and then file your taxes for you. You get to sit back and relax, knowing your taxes are in expert hands.

EXPERT HELP

Our tax professionals are experts in the ever-changing tax laws and benefits, as well as the nuances of your specific tax situation. Rest easy knowing your taxes are done right every time.

ONLINE ACCESS

Upload your documents to our Secure cloud-based application. Take it easy as we prepare, review, and file your tax forms.

YEAR-ROUND SUPPORT

Even if it’s not tax time, we’re always available to answer your questions as it relates to your Tax and accounting.

CONTACTS US TODAY WE WILL BE HAPPY TO HELP YOU

Address: 181 Meadowview Bay, Sherwood Park, Alberta T8H 1P7
Phone: 780-953-5250
Email: info@bomcas.ca

File income tax, get the income tax and benefit package, and check the status of your tax refund.

Services and information

Your tax obligations

Determine your tax obligations and whether you need to file a tax return.

Tax slips

Review the slips you may receive from your employer, payer, or administrator.

Personal income

Determine what has to be reported as income on your personal income tax return.

Tax deductions, credits, and expenses

Claim tax deductions, credits, and expenses to reduce the amount of tax you must pay.

Tax refunds

Check the status of your refund, and when you can expect to receive your refund.

Tax payments

Make a tax payment, get information on paying by instalments, paying arrears, and payment arrangements.

Notices of assessment

Understand your notice of assessment (NOA) and find out how to get a copy.

Personal income tax rates

View the current and previous years’ tax rates for individuals.

More personal income tax

Get additional information about filing your personal income tax.

Original source: https://www.canada.ca/en/services/taxes/income-tax/personal-income-tax.html