Individual Income Tax Services – Personal Tax Return Service in Edmonton Alberta | Bomcas Canadian Tax Services
Bomcas Edmonton Income Tax Preparation Services provided by Bomcas Accounting and Tax Services.
Personal tax services are provided in Edmonton, Alberta, as well as throughout Canada, for a variety of scenarios ranging from the most simple to the most complex tax situations. Our accountants are qualified and experienced to handle all of your individual tax needs. Our personal tax services are offered by Bomcas Professional Personal Tax Accountants in Edmonton, who can provide our clients with a comprehensive range of tax-related services. The Canada Revenue Agency (CRA) has also qualified our firm as an EFILER, which means that all of our Individual tax returns (T1) are prepared directly under the supervision of a professional tax accountant. We are prepared to handle any tax situation, no matter how simple or difficult it appears on the surface.
- Individual income tax and benefit return (T1) for singles and couples earning an income through employment.
- Self-employed individuals can take advantage of our individual income tax preparation services (unincorporated businesses).
- Personal tax services are available to individuals who have investment income, rental income, or income from a foreign source.
- Students might receive assistance with their income taxes.
Income tax services for incoming Canadian immigrants and Canadian leavers (emigrants). - Income tax returns for deceased individuals are prepared.
Income tax services for non-residents. - Tax issues for Canadian residents, non-residents, and dual Canadian residents.
- Income Tax Services in Canada for Canadian Snowbirds and US Citizens.
Real Estate Transactions and Rental Property Tax Considerations. - Personal Income Tax Backfiling entails filing for many tax years (Back tax filing services or Late tax filing ).
- Tax Appeals and Voluntary Tax Disclosure are also options.
Creating Simulated or Planner Tax Returns for the Purposes of Income Tax Preparation
Individuals in Edmonton and around Canada can contact us for example income tax returns or planner tax returns, which we will produce for them. Preparing mock tax returns, also called as planner returns, is a vital approach for ensuring that your taxes are as efficient as possible before the end of the year. Examples include intending to immigrate or emigrate from Canada, having various sources of income, anticipating a capital gain, or deciding the optimal business structure for your organization. Preparing a mock tax return will be incredibly valuable in all of the circumstances stated above, as well as many more. We perform tax planning utilizing a variety of scenarios, and then we explain the income tax implications of each of these scenarios to our clients. We recommend that you plan ahead of time by getting income tax returns from our experienced Canadian tax services.
Late or Back Taxes Filing of Personal Income Tax Returns in Edmonton
The Edmonton Alberta Tax Accountants can assist you if you are behind on your Canadian income tax returns and can help you make up the difference by filing all outstanding tax returns. We assist you in achieving compliance by reviewing tax returns from previous years (usually past ten years).
How much does it cost in Canada to file back tax returns and how long does it take? Accountants and tax preparers charge varied rates, with the bulk of their fees based on the number of returns they prepare. This has the potential to have a significant monetary impact on the economy. Those in need can take use of our services at a discounted rate if they qualify. As a result, you can get in touch with us immediately away.
Filing of Income Tax Returns in accordance with the Voluntary Disclosure Program
In some occasions, a Voluntary Disclosures Program (VDP) application may be necessary; in these instances, we may encourage our clients to complete and submit a VDP application. The application for voluntary disclosure programs (VDPs) can be particularly advantageous for taxpayers who want to be entirely honest while dealing with the Canada Revenue Agency (CRA). Individuals who need help with the preparation and filing of VDP applications can take advantage of our services.
Maximizing Your Income Tax Refund From The Canadian Revenue Agency (CRA)
Our goal is to provide you with the best tax position optimization possible, guaranteeing that you don’t have to pay any additional taxes that you shouldn’t have had to pay. We cannot, however, guarantee that you will get the full amount of eligible tax refunds. We attempt to maximize your refund while guaranteeing that you receive all applicable deductions and credits by performing a full tax return optimization. Please contact us if you have any questions. As a result, you will be able to sleep better at night knowing that you have completed an adequate tax return. Rather than using the “maximum refunds” method to retain customers, we adopt a strategy known as “maximum optimization,” which provides our clients with a greater economic gain.