Reliable accountants are here to assist in the preparation and filing of your personal income tax return here in Hamilton, Ontario.

The accountants at Wescan Accountant are licensed by the Chartered Professional Accountants (CPA) of Ontario and have a combined total of over 45 years of experience preparing personal tax returns. We provide a comprehensive individual tax return service that offers much more than simply filing your income tax return. Based on your own unique financial status and goals, we will create a customized plan to help you maintain your wealth and support its growth. Our licensed accountants will look carefully at the information provided and ask the necessary questions to ensure all available deductions are taken while complying with CRA regulations.

We are committed to understanding each client’s financial objectives and can develop customized tax plans following an in-depth consultation. Our tax and accounting specialists will:

  • Expertly prepare and process your personal tax return
  • Maximize deductions by selecting  the best filing choices to minimize your tax payable
  • Ensure that all tax credits are applied correctly on your personal income tax return
  • E-file your return ensuring the quickest processing of your tax return
  • Support your tax filing with the Canada Revenue Agency, as required
  • Make your returns stress-free

Individual Income Tax Preparation in Hamilton, Ontario

In Canada, your personal income tax return is due by April 30th. If April 30th falls on a Saturday, Sunday, or public holiday, the Canada Revenue Agency (CRA) will consider the return filed on time and/or payment received on time if it is received or postmarked on the following business day. Even if you cannot pay the full amount by April 30th, you can still avoid the late filing penalty by filing your return on time. Giving yourself plenty of time before this deadline is important to help us determine your unique strategy. If you believe your tax situation is complex, reach out to us in advance so we can assess your needs. If you take advantage of registered plans like TFSA’s, RRSP’s, or RESP’s feel free to reach out to us should you have questions. Our Chartered Professional Accountants (CPA) will assist you with your financial planning and tax related questions.

For your initial meeting with us, please bring in your last year’s personal tax return and notice of assessment. We will verify carry-forward amounts, maintain filing consistency, and if necessary, adjust the prior year’s returns in your favor for any missed income tax deductions.

Our personal tax return preparation services include:

  • Canadian (T1) personal income tax return preparation
  • Canada Revenue Agency inquiries and audit support
  • Voluntary Disclosure Program/Taxpayer Relief request assistance
  • Immigration/emigration planning
  • Determining residence for income tax purposes
  • Estate planning and dealing with the death of a taxpayer
  • Purchase and sale of businesses
  • Rental property income and expenses
  • Employment income and other sources of income such as pensions and foreign income
  • Business income (self-employed, partnership)
  • Investment and partnership income
  • Sale of Stocks, Bonds, Real Estate and Rental Property
  • Farming and fishing income

When you use Wescan Accountant services in Hamilton, you can enjoy peace of mind, knowing that you can depend on the experience and expertise of a Chartered Professional Accountant to file your personal tax return and reduce your overall tax burden. Some of the most common personal income tax issues we handle are:

  • Ensuring all qualified medical/attendant care/disability claims are made
  • Planning to ensure maximum childcare expenses are deducted
  • Disability tax credit applications
  • Disposition of Real Estate Properties
  • Business returns for proprietors and business partners
  • Utilization of prior year capital losses and business losses
  • Utilization of capital gains exemption
  • Maximizing the principal residence exemption
  • Tax considerations during divorce settlements
  • Planned gifting to registered charities
  • Transfer of assets to adult children

As we prepare your income tax return, we ensure that all of the information is accurate, including the filing of all applicable forms and the claiming of certain tax deductions and credits.

Call Wescan Accountant in Hamilton at 905 388 1567 to set up your initial consult.