Qualified Employees
Our team consists of qualified and experienced accountants.
Free Consultations
Our acquaintance with a client always begins with a free consultation to find out possible solutions to their problems.
100% Guaranteed
All results that you get from us are 100% guaranteed to bring you to a whole new level of profitability and financial success.
Disability Tax Credit
We provide a wide range of services to assist you with accounting, tax, and CRA filings, including assistance with applying for the Disability Tax Credit (DTC). An individual who takes a substantial amount of time to perform activities of daily living (other than work and household activities) is qualified for DTC. For instance, if an individuals everyday life is affected at least 90% of the time, including feeding, speaking, walking, dressing, mental functions, he/she may be eligible for the DTC.
CRA may grant DTC up to 10 years retroactively and allow 3-4 years at once on a going forward basis. Occasionally, DTC may be awarded indefinitely.
Unlike other benefits, individuals with a high income can also benefit from the DTC. There is no restriction on the level of income.
RDSP
Individuals who are eligible for the DTC are also entitled to a Registered Disability Savings Plan (RDSP). Any $1 deposit could be matched by the Canadian government up to $3. For example, if you deposit $1,000 in an RDSP, the government could match up to $3000. Maximum government assistance is $90,000. Also, a low-income individual may be eligible for an additional government grant.
Non-Refundable Tax credit
The DTC provided a non-refundable tax credit of $8,235 in 2018, and the amount increases every year. Â A person with disabilities generally does not have sufficient income to utilize DTC on their income tax return. In this case, DTC can be transferred to the spouse or supporting person. A supporting person must be related by blood, marriage, or adoption. Additional credit is also eligible for a person under 18 years old.High-income Individuals
Individuals who are eligible for the DTC can also claim nursing home expenses as a medical expense. Otherwise, nursing home expenses are treated as rent payment. Such that high-income individuals are not entitled to any tax credits.Low-Income Individuals
A low-income individual may receive an additional working income tax benefit in the form of a disability supplement.Processing
The DTC application process will typically take 4-10 weeks before you receive correspondence from CRA as to the status of their application. If CRA may make an inquiry to your doctor, the processing time will be extended. CRA reviews your tax situation retroactively and adjusts your tax returns, if applicable. If DTC needs to be transferred to your spouse or supporting person, the request must be made in a separate form commonly known as T1-Adj. The address of the Ontario processing centre is as follows: Sudbury Tax Center: P.O. Box 20000, Station A, Sudbury, Ontario, P3A 5C1.
Client Benefits
CUSTOMER SERVICE GUARANTEE
When you retain a Chartered Professional Accountant, you expect them not only to provide tax and accounting expertise but also to get your questions answered promptly. We guarantee that all enquiries will be responded to in a clear and friendly manner - without delay.
VALUABLE EXPERIENCE
We have over a decade of tax and accounting experience in our firm, across various industries. As our valued client, you will have the opportunity to leverage all of our knowledge and expertise to suit your needs.
ALWAYS ON TIME
We all know that deadlines are critical for your CRA filings. We also know that penalties and interest can be quite substantial when deadlines are missed. Therefore, we guarantee that we always deliver our tax services on-time while maintaining the quality of service.
Services
Corporate Tax
We offer corporate tax return (T2) preparation, using innovative tax planning to ensure taxes are minimized for our corporate tax clients.
Financial Statements
We understand that you need more than financial statements and tax preparation service to operate your business. You will enjoy the benefit of access to financial advisory services.
Personal Tax
We can provide individual tax return (T1) preparation services for employment, self-employment, and investment incomes
Buying & Selling
We provide estate planning services to guide you and your family through the process. We will provide a plan that accomodate your needs and ensure that the value of the estate is maximized.
Incorporation
Incorporating your business can help lower your taxes benefits and protect you and your family assets. We can provide expert advice on all related matters.
SR&ED
The Canadian government offers a tax incentive program to companies who advance technologies, known as Scientific Research and Experimental Development program.
U.S. Tax
Whether you are living, working, or investing on either side of the border, we can assist you to understand your tax obligations and devise a plan that saves your hard earned dollars.
Estate Tax
We will prepare your trust tax returns and help devise a plan that works for you.
Industry
Doctors
We strive to provide our clients with the highest level of service to meet their tax needs. Whether you are a sole proprietor, a member of a partnership or have an existing Professional Corporation, we can help you understand your tax obligations.
Small Businessess
Small business services are our specialty. We understand that the needs of each business owner are different and we provide tailored services accordingly.
Startups
As a startup founder, it may feel like you have the entire world on your shoulders. We can guide you from managing day to day operations, to planning on your long-term strategy.
Consultants
Many consultants and service providers go independent for tax savings. We will help you understand from writing off all their expenses, to living the good life.
