Tax Filing and Compliance -File Online Taxes With Experts - ProWealth

Employed and Self Employed Personal Tax, T1 Preparation

Our customized tax software allows us to analyze “what-if” scenarios and incorporate changes in tax legislation and personal status. And the knowledge gained in preparing personal tax returns should also allow you to proactively identify opportunities to better manage your personal and family tax burdens.

Partnership Tax Preparation

Canada's complex, multi-layered, and continuously changing tax laws present a significant tax compliance challenge to partnership businesses.Companies ranging from growing owner-managed businesses to large private enterprises should satisfy their Canadian reporting obligations efficiently and cost-effectively.

Corporate Tax, T2 Preparation

We prepare corporate tax returns and will make sure your business never overpays through our strategic tax planning. We will adjust your financial statements for accounting purposes so they can be correctly entered in schedule 100 (Balance Sheet) and schedule 125 (Income Statement). We can E-File your corporate returns so they are delivered promptly. Some of our tax planning considerations for corporations involves calculating optimal mix of salary vs. dividends, loss carry forward & carryback application, claiming and tracking Capital Cost Allowance (depreciation for tax purposes), section 85 rollover, winding up of a business, related and associated corporations, adding & removing shareholders, and acquiring/selling a business.

Domestic and International Students

Domestic and most of international students “file a tax return” to receive tax credits. International students may have to pay Canadian income tax on income earned from teaching and/or research assistant ships, other employment, and investment and business income. Generally, students also have to report income they receive from outside of Canada.

The Canadian tax system is based on residency, not citizenship. Students from countries that have a tax treaty with Canada may not have to pay Canadian income tax and may be able to request that their employer stop withholding tax from their Canadian employment income with permission from CRA.

Sales Tax (GST, PST, HST)