FAQ

To prepare your personal tax return, we typically require documents such as T4 slips (employment income), T4A Slips, T5 slips (investment income), receipts for expenses, charitable donation receipts, and other relevant income and deduction documents. During our initial consultation, we will provide you with a detailed checklist of the documents needed based on your specific situation.

Yes, in most cases, international students in Canada are required to file taxes. The need to file taxes depends on various factors such as the duration of your stay, your residency status, and your income sources. Even if you did not earn any income, you may still need to file a tax return to claim certain benefits or credits. We can help determine your tax obligations based on your specific situation.

Yes, there are certain tax credits and deductions available to international students. These may include tuition fee credits, education and textbook credits, transit credits, and more. We will help identify the eligible credits and deductions that you can claim to maximize your tax savings.

International students may be eligible for a tax refund if they have overpaid their taxes or if they qualify for certain tax credits or deductions. Our team will review your tax situation and identify any potential refunds you may be entitled to, ensuring that you receive the maximum tax benefit available.

Eligible tuition fee is the main Non-refundable tax credit available to students in Canada: The Tuition Fee Tax Credit allows you to claim a non-refundable credit for eligible tuition fees paid to a designated educational institution.

The Tuition Tax Credit is a non-refundable tax credit, meaning it can only be used to reduce the amount of tax you owe. If your tax credits exceed the amount of tax you owe, the excess credits cannot be refunded to you. However, they can be carried forward to future years or transferred to a spouse or parent who can use them to reduce their own tax liability.

Yes, if you are unable to fully utilize your tuition credits in the current tax year, the unused portion can be carried forward and claimed in future years. This can be particularly beneficial if you anticipate having a higher income in future years when you may be able to use the credits more effectively.

In certain situations, you may be eligible to transfer your unused tuition credits to a spouse, parent, or grandparent. This can provide them with tax savings by reducing their own tax liability. However, it's important to review the specific eligibility requirements and restrictions for transferring tuition credits.

To maximize your tax benefits related to tuition fees, it is essential to keep accurate records of your tuition fees and other eligible education expenses. Ensure that you retain receipts and supporting documentation to substantiate your claims. Additionally, seeking professional tax advice can help you navigate the complexities of the tax system and identify all available credits and deductions that you may be eligible for.

Absolutely! Our team of tax experts specializes in providing comprehensive tax planning services for businesses of all sizes. We will work closely with you to develop a tax strategy that maximizes deductions, minimizes tax liabilities, and optimizes your overall tax position. Our goal is to help you achieve tax efficiency while remaining compliant with Canadian tax laws and regulations.

Preparing corporate tax returns requires a thorough understanding of the Canadian tax code and regulations. Our team has the expertise and experience to handle corporate tax preparation efficiently and accurately. We will review your financial statements, compile the necessary documentation, and ensure that your corporate tax return is filed correctly and on time.

Yes, we offer tax consulting services and can assist you with tax issues, disputes, or audits. Our knowledgeable team will represent you in dealings with the Canada Revenue Agency (CRA) and provide expert advice to help resolve any tax-related matters you may be facing. We strive to protect your interests and ensure a fair and favorable outcome.

Our team is committed to staying current with the ever-changing Canadian tax laws and regulations. We actively participate in professional development programs, attend tax seminars, and maintain close relationships with industry associations. This allows us to provide you with accurate and up-to-date tax advice and ensure compliance with the latest tax requirements.

Getting started is easy! Simply reach out to us through our contact page or give us a call. We will schedule an initial consultation to discuss your tax needs and assess how we can best assist you. During the consultation, we will provide you with a clear overview of our services, pricing, and timelines.