Accotax Montreal Accountant & Taxes Expert

Business Details

22 Years

experience

Trusted Accounting & Tax Services in Montreal

Founded in 2004, Accotax Montreal Accountant & Taxes Expert Accountant & Taxes Expert has established itself as a trusted provider of accounting and tax services for individuals, students, small businesses, and non-residents. Our team of highly vetted professionals brings personalized expertise to every client relationship, specializing in small business accounting, personal tax returns, non-resident tax compliance, and digital economy taxation. With 15 years of direct experience, our founder Pankaj Rakheja has grown the practice from a university booth to a fully staffed downtown Montreal office.

We combine deep technical knowledge with practical business advice, offering software training for QuickBooks, Sage 50, and Acomba while maintaining a commitment to timely, accurate filings that prevent costly penalties. Our walk-in clinic hours and responsive communication channels ensure accessible support throughout the tax season and beyond.

Services

Personal Tax Returns Backlog Tax Filing Small Business Accounting Self-Employed Accounting GST/QST Remittance Financial Statements Tax Number Registration Corporate Tax Returns Payroll Services Software Setup Training

Details

Year established: 2004

Highlights and features

We offer 15+ years of personalized accounting expertise in Montreal
Our team specializes in digital economy taxation for Uber, Airbnb, and crypto
We provide QuickBooks and Sage 50 software training with ongoing support
Our walk-in clinic offers immediate assistance during peak tax season
We handle complex non-resident tax filings with Canadian tax authority compliance

What people say

Stellar service Prompt follow-up Reasonable fees Inspire trust Best accounting service

Website

Update Listing

Services

Personal Tax Returns

We prepare and file personal income tax returns for residents and non-residents, including complex situations involving rental properties, cryptocurrency, and digital economy income. Our experts optimize deductions for childcare expenses, home renovations, and retirement planning while ensuring compliance with CRA regulations. Clients receive strategic advice to minimize tax liability and maximize refunds through proper documentation of eligible credits.

Small Business Accounting

Our comprehensive accounting services support small businesses with bookkeeping, financial statements, and corporate tax returns. We handle GST/QST remittance, payroll processing, and expense tracking while providing software training for QuickBooks and Sage 50. Businesses benefit from quarterly check-ins and tailored advice on tax registration requirements when reaching $30,000 in annual revenue, ensuring compliance with both federal and Quebec tax obligations.

Non-Resident Tax Services

We specialize in Canadian tax requirements for non-residents owning rental properties, offering solutions for 25% gross rent withholding or net income tax options. Our team assists with NR6 form submissions, Section 216 returns, and expense calculations to optimize tax positions. Clients receive guidance on tax treaty benefits and compliance strategies while navigating the complexities of cross-border property management and reporting requirements.

Backlog Tax Filing

We resolve overdue tax filings for up to ten previous years, helping clients recover missed refunds and unused credits. Our specialists handle amnesty programs, payment plans, and tuition credit carryforwards while ensuring compliance with CRA backlog requirements. This service includes document reconstruction assistance and strategic filing approaches to minimize penalties while restoring tax compliance status for individuals and businesses.

Payroll Services

Our payroll solutions manage source deductions, employee cheques, and year-end T4/R1-1 reporting for small businesses. We ensure compliance with Canadian payroll regulations while handling CRA remittances and benefit calculations. Clients receive support with employment insurance nominations and quarterly filing requirements, allowing business owners to focus on operations while maintaining complete payroll documentation and regulatory compliance.

People

Pankaj Rakheja

Founder & Lead Accountant

Graduate of Concordia University with 15 years of accounting experience, Pankaj founded Accotax in 2004. He specializes in personal and corporate tax solutions, with expertise in digital economy taxation and non-resident filings. His client-focused approach emphasizes strategic financial planning and compliance education.

Questions

When are personal income taxes due in Canada?

Personal tax returns are due April 30, 2024 for most individuals and June 17, 2024 for self-employed persons. Late filing may incur interest charges on any taxes owing.

Do I need to file a business tax return with no employees?

Yes, all businesses must file annual returns. Sole proprietorships use T1 forms while corporations require T2 filings regardless of employee status or revenue amount.

How does non-resident rental property taxation work?

Non-residents must remit 25% tax on gross rent or apply for net income taxation through NR6 forms. We help optimize expense claims and handle CRA compliance requirements.

Can I claim home renovation expenses on my taxes?

Qualifying expenses include materials, permits, and labor for primary residences. The Multigenerational Home Renovation Tax Credit offers additional benefits for accessibility modifications.

What accounting software training do you offer?

We provide QuickBooks, Sage 50, and Acomba setup and training with ongoing support for small business bookkeeping and financial management needs.

How are cryptocurrency transactions taxed in Canada?

Crypto sales, exchanges, and gifts have tax implications as business income or capital gains. We help document and report these transactions according to CRA guidelines.

Reviews (6)

Write a Review

Sandra

Nov 01, 2021 Report

Positive:Professionalism,Quality,Responsiveness,Value
Pankaj at Accotax was very responsive, knowledgeable and efficient. My tax return was done & in the mail within a matter of days! Greatly appreciated and I'll use your services again.

Mika Goyette

Jul 20, 2021 Report

I began working under my name the past couple of months and didn't know anything about invoices, taxes and receipts etc. Within hours of request for an appointment, I had a meeting the same week and Accotax helped me get a head start in my business. They were patient, accommodating and very helpful. I am very thankful

Maki Ishida

Jun 10, 2021 Report

I highly recommend Accotax! Pankaj is knowledgeable and he and his team are very helpful. I've been filing with them for a few years and satisfied with their service.

Elizabeth Flannery

May 23, 2021 Report

Positive:Professionalism,Responsiveness
Filing with Accotax was an efficient and friendly experience. If you are an American and Canadian taxpayer concerned about the accuracy of your returns, I strongly recommend using their services.

Alexandre Galin

May 13, 2021 Report

Very disappointed for the last 2 years. Didn't reply my emails nor phone calls. Even though I sent my tax documents well ahead, I got no updates, no replies to my numerous emails. I even called and no one answered even though I left a voicemail with my phone number to call me back. They never called me back. I decided to switch accountant, tax documents were done in ONE day.

Jessica Oh

Apr 17, 2021 Report

Critical:Professionalism,Quality,Responsiveness,Value
TERRRRRIBLE!!! Service. I was waiting for 1.5 months to get my income tax done, and still haven't heard back! I have called the office twice, and now I think they blocked my number because it goes straight to voice mail. I am definitely NOT using their services again. Found another accountant who did the same job in 2 days.