Everyone in Canada is familiar with being taxed on the purchase of goods and services. Depending on your jurisdiction, this extra amount required to be paid is known either as the goods and services tax (GST) or the harmonized sales tax (HST) (or, the QST in Quebec). However, if you own and operate a business in Canada, HST or GST have an additional meaning, which attaches additional obligations on the business owner.
GST/HST is a tax that applies on most supplies of goods and services made in Canada. Generally, businesses are required to charge this GST/HST to their customers on all taxable supplies of goods and services. These businesses have an obligation to file regular GST/HST returns to report and remit this tax to CRA.
If you have an HST number from CRA, you must file an HST tax return. As a chartered professional accounting office in Toronto, we focus on each client individually and assess your needs & objectives. We ensure that we minimize your tax liability within the relevant framework of the Income Tax Act. We are highly knowledgeable and have several years of experience and we will use this knowledge and experience with integrity to provide you with solutions for all your tax needs. We are available for advice at any time during the year.
For several years, we have helped our clients and their families execute effective tax strategies.Strategies that can have an immediate impact on your taxes this year, and continue to help you and your family save money for years to come.
Whether your tax concerns relate to your personal, corporation, estate, or trust returns, we offer you in-depth tax advice and professional service to help you minimize taxes while maximizing your income and investment returns.
Since tax legislation is rapidly changing, effective personal and corporation tax advice is a must for any business. Effective tax advice can give your business a competitive advantage. Our accountants are knowledgeable and can advise you how to keep more of what you or your business earns.
Tax planning is an essential element of the tax preparation process. By making tax planning part of your overall business strategy, you can use our experience and access to the most current tax development to minimize your tax liabilities.