Frequently Asked Questions
Taxes
Here is a list of items you will need to bring in to file your taxes:
- T-slips
- Child care expenses (daycare, afterschool programs, day camps)
- Union dues/membership fees
- Tuition/education costs (T2202)
- Student loan tax slips
- Moving expenses (if related to employment)
- Employment expenses (T2200)
- Pension income
- Investment income
- Self-employment/business income
- Rental Income
- RRSP contributions
- Donation receipts
- Medical receipts
- Political contribution receipts
- Media subscriptions
If you were working from home but you’re not self-employed, you can claim some of your expenses. To do that you will need to have your employer fill out a Declaration of Conditions of Employment (T2200).
Here is a list of things you can claim on your taxes for your business expenses:
- Income
- Advertising
- Meals and entertainment
- Bad debts
- Insurance
- Interest and bank charges
- Business taxes, licences, and memberships
- Office expenses
- Office stationery and supplies
- Professional fees (including legal and accounting)
- Management and administration fees
- Rent
- Repairs and maintenance
- Salaries, wages, and benefits (including employer's contributions)
- Property taxes
- Travel expenses
- Utilities
- Fuel costs (except for motor vehicle)
- Delivery, freight, and express
- Telephone and internet
- Purchases
- Auto insurance
- Auto fuel
- Auto repairs and maintenance
- Tolls and parking
- KM driven in the year and KM related to business
You can find a full list of eligible medical expenses here.
You don't need to make an appointment to sit while we complete your taxes. We make it easy, using up the least amount of your time. You simply drop off your tax documents, and with a two-week max turn around, we'll call you when they're ready. We offer review appointments in office or by phone.
You can claim up to $10,000 for the purchase of a qualifying home in 2024 if both of the following apply:
- You or your spouse/common-law partner acquired a qualifying home.
- You did not live in another home owned by you or your spouse or common-law partner in the year of acquisition or in any of the four preceding years.
For more information, or to see if your home qualifies visit here.
If you sold a house or property, you need to report the sale of your residence on your tax return. You would need to have:
- The year of purchase
- Proceeds of sale
If you sold an investment or rental property, or cottage you will need:
- Year of purchase
- Purchase price
- Sale price
- Capital Cost (major repairs such as a new roof, windows, etc.)
- Real estate and legal fees of selling property
- Utilities
Prices vary depending on the complexity and time it takes to complete your taxes. Call us for more information.
New Business
Prices vary depending on the complexity and time taken to carry out the work. However, we do review time commitments per client on a regular basis to establish value pricing for bookkeeping. Call us for more information.
For starting a new business, you can see some steps here.
When you come in for your first appointment with us, you should bring:
- A copy of the last tax return that was filed
- Incorporation documents (if applicable)
- Payroll information
- Bank statements