Business Details
Your Trusted Partner for Tax Solutions in Richmond Hill
Common Accounting Corp is a trusted tax consulting firm dedicated to protecting your financial future. Our certified professionals specialize in navigating complex tax laws to maximize returns while ensuring full compliance for both individuals and businesses. With advanced tools like voice recognition technology, we streamline tax processes to make them simple and efficient. We offer year-round support, strategic planning, and precise filing services tailored to small businesses and individuals. Our expertise in Canadian tax regulations ensures clients receive accurate guidance on CRA compliance, tax credits, and deductions. We focus on delivering secure, accurate tax processing while helping clients grow their businesses through proactive financial strategies.Our team provides personalized consultation to review tax history, current situations, and future goals, creating customized tax strategies for optimal financial outcomes. We maintain detailed records of income, expenses, and receipts to substantiate all claims while ensuring proper separation of personal and business expenses. Our services include payroll management, corporate income tax filing, company registration, and CRA representation. We offer flexible pricing plans for individual and business clients, including a $49/month individual package and a $199/month business package. Our commitment to client satisfaction is demonstrated through our free initial consultation and ongoing support throughout the year.
Services
Personal Income Tax
Corporate Income Tax
Tax Planning
Payroll Services
Company Registration
CRA Representation
Self-Employed Tax
Rental Income Tax
GST/HST Filing
Tax Appeals
Highlights and features
- Certified tax professionals with expertise in Canadian tax laws
- Year-round support and strategic tax planning services
- Precise and accurate tax filing to ensure compliance
- Maximize tax returns with tailored strategies
- Streamlined tax processes using advanced tools like voice recognition technology
What people say
Painless tax season
Understood contractor status
Helped claim home office
Expertise in Canadian tax laws
Streamlined tax processes
Services
Personal Income Tax
Our personal income tax service helps individuals maximize returns while ensuring compliance with Canadian tax regulations. We handle all aspects of personal tax filing including T4s, T4As, RRSP contributions, and various tax credits. Our certified professionals provide strategic planning to optimize your personal tax situation.
Corporate Income Tax
We offer comprehensive corporate income tax services for businesses of all sizes. Our experts handle T2 filings, capital gains calculations, and tax planning strategies to minimize liabilities. We ensure proper documentation of business income, expenses, and eligible deductions while maintaining CRA compliance throughout the year.
Tax Planning
Our tax planning service focuses on year-round optimization of your tax position. We identify available credits and deductions including SR&ED, GST/HST rebates, and home office expenses. We create customized strategies to reduce tax liabilities and improve financial efficiency for both individuals and businesses.
Payroll Services
We provide complete payroll management solutions including calculation of employee wages, tax withholdings, and statutory deductions. Our services ensure accurate T4 processing, CPP/EI remittances, and compliance with employment standards. We handle both small business and complex corporate payroll requirements efficiently.
Company Registration
Our company registration service guides clients through the complete business formation process. We handle BN registration, legal structure selection, and provincial/federal filings. We ensure proper documentation of ownership, director information, and compliance with all regulatory requirements for new business entities in Canada.
Questions
What is the deadline for filing income tax in Canada for 2024?
The deadline for filing personal income tax returns in Canada for 2024 is April 30, 2025. Self-employed individuals have until June 15, 2025, but taxes owed must still be paid by April 30.
What is the basic personal amount in Canada for the 2024 tax year?
For 2024, the federal basic personal amount is $15,678. This non-taxable portion varies slightly by province and is automatically calculated when you file your return.
What happens if I file my 2024 income tax late in Canada?
Late filing may result in penalties and interest charges. The CRA typically charges a late filing penalty of 5% of the balance owing plus 1% for each full month the return is late, up to 12 months.
What documents do I need to file my taxes?
You'll need personal information (SIN, address), income documents (T4s, T5s), deduction receipts, and previous year's notice of assessment. Business clients need financial statements, GST/HST records, and expense documentation.
How can I maximize my tax refund?
Maximize refunds by claiming all eligible credits and deductions including home office expenses, RRSP contributions, childcare expenses, and business-related costs. Our experts help identify all available benefits specific to your situation.
Do you offer CRA representation services?
Yes, we provide full CRA representation for audits, appeals, and compliance matters. Our certified professionals handle all communication with the Canada Revenue Agency on your behalf.
