If you are an individual or family with dependents, people in school, properties, investments, retirement plans, home businesses, charitable giving, leases, child support or any number of financial circumstances that can make tax filing a headache, we are here for you.
Canwest Accounting’s tax professionals are up-to-date on the changes in the tax code, and we meticulously go over each return to ensure that you are paying what you owe, and not a penny more. We even make it easier for you to get ready to report with our Personal Tax Checklist.
Corporate T2 Returns
Is your business incorporated? While incorporation can offer many benefits, it also makes tax preparation and filing much more complex than personal or sole proprietorship taxes. Make sure that your returns are correct and that you’re getting all the benefits you are eligible for by having your tax return prepared by the professionals at Canwest Accounting.
Some of the advantages of Corporate Tax returns:
Canwest Accounting is available year-round to prepare and file corporate tax returns. Since corporate year-end is close to a year after your date of incorporation, filing can also be outside of the typical spring “tax season”.
Canwest can work with you on effective tax planning – ask us for details.
GST/PST Filing and Reports
If your business makes over $30000 annually, then you are obliged to have a Goods and Services Tax (GST) number. You may also have to charge Provincial Sales Tax (PST), depending on the type of business you operate. Canwest Accounting can track your GST/PST charges, deduct the sales taxes you pay, and help you file on time, either quarterly or annually.
Forms and More Forms
T4 – Statement of remuneration paid ( salary, wages, tips or gratuities, bonuses, vacation pay, employment commissions)
T4A – Pension, retirement, annuity and other income
T5 – Investment income
T5018 – Payment to contractors
Worksafe BC – Premiums and benefits from the agency that evaluates and compensates workplace injuries
Whether you know the type and purpose of each form or not, we’re experts in both reporting and filing these important documents.