Our tax specialists will show you how to pay less tax while achieving the greatest returns possible through proper tax planning. We are here to help; we are the premier source of Tax Planning and Tax Preparation services in Edmonton, Sherwood Park, and the surrounding areas. Before submitting your return, our tax preparation experts will work with you to ensure that your tax situation is as beneficial as possible. It is vital to utilize legal tactics in order to minimize your potential tax ramifications based on your goals and objectives for the future.

As a business owner, you must be aware of all tax hazards, which is why our business planning area is devoted to assisting you in avoiding them as much as possible. We offer a full range of bookkeeping services, including payroll, GST, and year-end closeout procedures. The locations we serve include Edmonton and Sherwood Park, as well as the surrounding communities. We specialize in small to medium-sized businesses (SMEs).

Our Tax Accountants offer Tax Services in Sherwood Park, AB and the surrounding Edmonton area, with a focus on corporate accounting and personal tax returns, among other things. We can provide you with current tax information online, over the phone, or during a personal appointment.

GST Return Filing Services.
This federal tax, known as the GST (Products and Services Tax), is levied at a consistent 5 percent rate across the country on the vast majority of goods and services sold in Canada. Several jurisdictions, notably Ontario, British Columbia, Newfoundland and Labrador, New Brunswick, and Nova Scotia, have implemented HST (Harmonized Sales Tax), while GST (Goods and Services Tax) is still collected by each province separately.

If your annual revenue is $30 000 or more, you must register for a GST number with the Canada Revenue Agency (CRA) in order to conduct business in Canada. If your annual revenue is less than $30 000, you must register for a GST number with the CRA (Canada Revenue Agency). The filing of a GST return is required by law for every GST registrant in order to disclose taxable sales that happened within the period to which they were assigned.

GST registration is a key component of a company’s financial well-being and growth. It should not be taken lightly. Bomcas Accounting and Tax Services is in charge of the GST registration and filing process. We provide assistance to corporations, small businesses, SMEs, and self-employed individuals throughout the procedure. As a result, we understand the crucial nature of CRA GST compliance, as well as the detrimental impact that penalties can have on your business operations and bottom-line outcomes. Using professional GST filing services can help you gain greater financial control and engage in more strategic financial planning, to name a few advantages.

GST Filing Services Are Offered By Professionals.

If you collect GST from your customers on the goods and services you provide, it is vital that you understand how to properly return the money to the government on time each quarter. A GST return must be filed in accordance with a number of requirements, timetables, and supporting evidence, all of which must be submitted to the Canada Revenue Agency.

In order to ensure that your GST return form is filled precisely and that you gain the biggest financial benefit possible, Bomcas Accounting and Tax Services offers professional GST filing services. It is our responsibility to discover expenses and tax credits that are appropriate for your business situation so that you do not have to remit more GST to the government than is necessary.

Returns for Goods and Services Tax (GST) can be submitted electronically.
You can file your GST returns in a variety of methods, depending on your choices and the constraints imposed by the Canada Revenue Agency, including by mailing a cheque, going through a bank or credit institution, or filing electronically through TELEFILE.

GST returns should be filed online, which is something that we at Bomcas Accounting and Tax Services urge our clients to do. Along with decreasing the likelihood of making mistakes, online calculators assist you in maximizing the benefits of expense reporting and tax credits that are appropriate to your situation.

The advantage of filing your GST online is that it will be received instantly, and if you are eligible for a GST refund, you will be able to get it much more rapidly as a result. It is possible to make payments for remittances online in a safe and secure manner. As soon as your money has been accepted and processed, you will be notified by email that your payment has been received and processed. Being able to manage your cash flow and spending budget more effectively by not having to wait for cheques to clear or things to arrive in the mail can save you time.

The Canada Revenue Agency has established deadlines for submitting Goods and Services Tax returns.
It is difficult to navigate the tax system in Canada, and the GST filing deadline for your firm is directly related to the GST filing period for your organization. The GST return form (Form GST34) that you receive from the Canada Revenue Agency (CRA) contains the company’s filing deadline printed at the top of the form, which you should read carefully. In accordance with their size and financial condition, small firms and corporations can submit tax returns on a yearly basis (with a year-end of December 31st), a quarterly basis, or a monthly basis.

Bomcas Accounting and Tax Services makes it simple to file your company’s GST filings in Canada.
You can ensure that your GST return is filed accurately and on time by using Bomcas Accounting GST filing services.

A GST return includes far more than merely completing papers and sending it to the government. Time spent gathering papers, filling out GST forms, preparing returns, and making payments for each return period is better spent on business development than on administrative tasks. In addition to providing competent GST filing services, our Accountants are committed to incorporating your GST return into your company’s overall financial strategy and planning. If you want to learn more, please contact us right away.

Unfiled tax returns services in Edmonton, Fort McMurray, and Calgary.
It is a criminal to fail to file income tax returns. Not only can Bomcas Accounting and Tax Services Accountants provide you with peace of mind, but our tax specialists in Alberta, including Edmonton, Sherwood Park, St Albert, Red Deer, Leduc, Beaumont, Fort McMurray, and across Canada, have the knowledge and experience to correct pending tax files for individuals or business owners. We can more readily negotiate reasonable settlements and work out tax penalties and interest payment arrangements with the CRA if you voluntarily submit your unfiled returns through our offices or online.

Non-Residents of Canada can take advantage of our Income Tax Compliance Services.
Creating Canadian T1 personal income tax forms for taxpayers who are either departing from or entering Canada in order to report their emigration or immigration.

Individuals and corporations who are not residents of Canada but conduct business in Canada are eligible to have their Canadian income tax returns prepared.

Preparation of elective non-resident tax returns under sections 216, 216.1, 217, and 218.3 for non-residents who have Canadian sourced income under the provisions of sections 216, 216.1, 217, and 218.3 for non-residents who have Canadian sourced income under the provisions of sections 216, 216.1, 217, and 218.3

Non-residents who hold rental properties in the real estate sector are required to file GST/HST returns with the government.

It is necessary to prepare nonresident tax information slips such as the NR4s and the NR4SUM, as well as the T4A-NRs and T4A-NRSUM.

Prepare tax forms NR5 and NR6 in order to decrease withholding taxes on non-residents’ wages and salaries in order to reduce withholding taxes on non-residents’ wages and salaries.

As required by Section 115 of the Income Tax Act (Canada), the completion of form T2062/2062A – Certificate of conformity (clearing certificate) and the final T1 non-resident personal income tax return for non-residents who sell real estate in Canada is required.

Creating Form T1261 – Application for an individual tax number (ITN#) and a non-resident withholding tax account (NR account#) for non-residents with income received from sources in Canada for non-residents with income obtained from sources in Canada.

Administration of the Canada Revenue Agency, as well as communication with the organization (CRA).

Non-Residents of Canada can benefit from tax planning and consulting services in Canada.

Canadian tax residents who are emigrating (departing from) or immigrating (entering) to a nation other than their native country benefit from customized exit/entry tax preparation and analysis of Canadian tax implications.

The analysis of residency status for Canadian tax reasons is carried out in depth, taking into consideration primary and secondary residential ties, as well as other relevant residential characteristics.

Providing consultation and analysis on the tax effects of doing business in Canada for international professionals, temporary workers and sports, as well as entertainers, is one of our specialties.

For foreign investors in Canada, we provide consultation and advisory services. This includes assistance with the purchase of real estate in Canada by non-residents of the nation.