It saddens us to see many people put as much thought and financial resources into managing their taxation affairs as they do into changing the oil in their cars. Your tax bill is likely to be the largest expense you will have in life. This being the case, would you trust your confidential, personal information and the management of your biggest expense to someone who is willing to sit at your kitchen table with a laptop and charge you as little as $25?
When we, at Paul Beck Financial Services, prepare tax returns for our clients, our first goal is to complete the clients Income Tax Return to ensure they receive the maximum benefit possible. We do this by keeping updated on tax changes, new tax laws, and financial strategies that may be of impact. We then look for strategies on how to save tax for the current and future years. If you, the client, require further support after the fact, we are here to help. With your permission we can work with your investment advisor to minimize your future taxes.
If we can be of service to you in the preparation of your Income Tax Return, please complete the form at the bottom of the page or give us a call at (905) 818-8111.
Suggested Checklist
- All T slips from Employment (T4), Unemployment (T4E), WSIB (T5007) and social assistance (T5007).
- If you have children less than six years of age include the slip from the Universal Tax Benefit (RC62).
- Slips form all pensions including company (T4A), CPP (T4AP), RIF (T4RIF), RRSP (T4RSP), and Old Age Security (T4OAS). Don’t forget pensions you may receive from a foreign country.
- Investment slips such as T3’s, T5’s, T5008, T5013’s.s and any other foreign investment. Include your investment trading summary.
You are required to report all earned income regardless of if you received a slip or not.
Receipts – You must have the physical receipt if you want to claim the xpense
- Sale or deemed sale of stocks, bonds or real estate
- Interest and dividends
- Support for a child (order prior to 1996), spouse or common-law partner
- RRSP contributions
- Professional fees or Union dues
- Tool expenses (tradespersons)
- Medical expenses
- Tuition/Education amounts for qualifying students
- Transit passes
- Charitable donations
- Political contributions
- Child care expenses
- Adoption expenses
- Children’s fitness programs
- Moving expenses
- Interest paid on student loans
- Carrying charges and interest expenses
- Automobile expenses
- Travel expenses
- Office-in-home expenses
Include your Notice of Assessment from the previous year.
If you are reporting rental or business income, we will need a statement outlining your rental or business income along with a summary of all expenses. Although we will not audit your expenses, the receipts do need to be present.
If you bought or sold mutual funds during the year, we will need to know what you paid for those investments and when you bought them as well as the proceeds from any sales.
If you incurred out of pocket expenses during your regular course of employment, include a list of these expenses along with a signed T2200 from your employer.
If you or a member of your immediate family have a medical condition or your health has changed, let us know as you may be entitled to the Disability Tax Credit.
If you are a long haul transportation employee, you will need a log of your travel expenses and meals as well as form TL2 signed by your employer.
*Other documents may be required based on your situation
Pricing – Below is a pricing template that can b used to help you understand the cost for our services. These prices are used as a guideline and a firm quote will be provided to you once we review your individual situation.
Basic Income Tax Return $49 A basic Income Tax Return includes a maximum of ten slips.
Average Income Tax Return $69. An average Income Tax Return includes items included in the basic Income Tax Return plus RSP, Union and other deduction receipts, child care expenses, transit passes,, student loan interest, carrying charges, medical expenses (15 receipts or less) and charitable donations 10 slips or less).
Interrmediate Income Tax Return $79. An intermediate Income Tax Return includes all the elements of an average Income tax Return but includes capital gains income not on a T3 but reported on a schedule 3, medical expenses (less than 25 receipts) , caregiver amount, clergy residence, donation receipts (less than 25 receipts), loss carry backs, and employment expenses.
Advanced Income Tax Return $99 and up. These returns include all of the above and include multiple receipts for medical and donations (more than 25 receipts), transport workers expenses, schedule 3 calculations for multiple (greater than 10) gains/losses calculations.
Rental Income Tax Returns start at $125.
Self Employment/Business Income Tax Returns start at $150
Dependant Student Income Tax Return $25
T4 Summary Return $100
T3 Trust Return starting at $250
There will be a $10 charge for each paper Income Tax summary that is printed. We encourage you to participate in our e-delivery program to save paper and you money.
All prices are subject to HST.
Payment Options – We accept cash, cheque and Interact e-mail money transfers
All eligible Income Tax Returns are electronically filled with CRA once you have signed the necessary T183 and T1013 forms and your invoice has been paid.
We Are Here to Help During a CRA Audit or Review – If your Income Tax Return is selected for review by CRA we are available to work directly with them on your behalf.
Accuracy Guarantee – If for any reason an adjustment is made to your Income Tax Return that was an oversight on our part, we will pay all interest and penalties as a result of the adjustment and we will make the adjustment free of charge.
Complete the form below or call (905)818-8111.
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