Personal Tax
Personal Tax
Your Taxes, Our Expertise, Simplified.
Broadmoor simplifies Canadian tax filing with expert guidance tailored to your needs.
We navigate the complexities of Canadian tax laws, ensuring accurate and compliant submissions. Trust us to maximize deductions, minimize liabilities, and streamline the process, so you can focus on what matters most: your financial well-being.
Adherence to Tax Laws
Our services compliant with federal and provincial tax laws, including regulations set by the Canada Revenue Agency (CRA).
What it includes
- Gathering Information: Collecting relevant tax documents such as T4s, receipts, and statements.
- Data Entry: Inputting income, deductions, and credits accurately into tax software or forms.
- Calculations: Computing taxes owed or refunds due based on entered information.
- Review: Checking for errors or missed deductions to ensure accurate filing.
- Submission: Electronically filing taxes with the Canada Revenue Agency (CRA) or mailing paper returns.
benefits to you
- Accuracy: Ensures accurate calculations and compliance with Canadian tax laws, minimizing the risk of errors or penalties.
- Efficiency: Saves time and reduces stress by outsourcing tax preparation tasks to experts.
- Maximized Deductions: Identifies eligible deductions and credits, maximizing tax refunds or minimizing tax owed.
- Timeliness: Ensures timely submission of tax returns, avoiding late filing penalties or interest charges.
- Peace of Mind: Provides reassurance that taxes are filed correctly and in accordance with federal and provincial regulations.
- Expert Advice: Access to professional advice and support for tax-related queries or concerns, ensuring clarity and confidence in tax matters
How we work
Understanding Client Needs
Consult with clients to grasp their requirements, goals, and preferences, ensuring alignment with their financial strategies.
Implementing Efficient Systems
Introduce easy-to-use tools and processes tailored to client needs, promoting accuracy, compliance, and streamlined operations.
Providing Feedback and Support
Offer continuous assistance, communication, and training to ensure clients effectively utilize systems and address any concerns.
What we will deliver to our clients
- Submission of the T1 Personal Income Tax Return form to report individual income, deductions, and credits to the Canada Revenue Agency (CRA).
- Adherence to provincial tax regulations specific to each Canadian province or territory.
- Accurate calculation of income tax based on federal and provincial tax brackets.
- Deduction of eligible tax credits and deductions to minimize tax liabilities.
- Compliance with federal and provincial tax filing deadlines to avoid penalties.
- Thorough understanding of tax laws governing various income sources, such as employment income, investments, and self-employment.
- Handling of tax considerations related to capital gains, dividends, and other investment income.
- Management of deductions for contributions to registered retirement savings plans (RRSPs) and other tax-deferred accounts.
- Expertise in navigating tax implications for homeownership, including deductions for mortgage interest and property taxes.
- Assistance with tax planning strategies to optimize financial outcomes and minimize taxes owed.
- Handling of tax implications for foreign income, including reporting requirements for foreign assets and investments.
- Dedicated support and assistance throughout the tax filing process, ensuring compliance and peace of mind for clients.
