YOUR Personal TAX
We are taxpayers too, so when you partner with Evolution Accounting, our education, experience, and expertise mean that you benefit from our tax know-how. We confidently navigate the procedures and regulations that gives you peace of mind with your personal tax filing.
With regular changes to the Tax Act, having a CPA from Evolution Accounting as part of your team ensures that you are always on track with your tax requirements. You can rest easy knowing we are on your side. Our personal taxation experts discuss strategies for tax planning and tax deferrals that contribute to your goals and dreams for financial freedom.
Home Office Expenses
Canadians also foster a culture of giving, helping and supporting. It’s not a surprise that the Canadian government provides generous tax credits for your charitable donations. A great strategy is to combine all family donations onto one tax return for maximum benefit. We know the most efficient ways and means to allocate your donations, ensuring you are getting beneficial results on your tax return.
Registered Retirement Savings Plan
Disability Tax Credit
Some Canadians face the additional costs and unavoidable expenses that come with living with a disability, there is tax relief in the form of a disability tax credit (DTC). This credit helps persons with disabilities, or in some cases, their support workers reduce tax payable. Evolution Accounting can help you determine your eligibility and shepherd you through the DTC application process.
When your marital status changes there are options available to you when you claim a child as an eligible dependant. This provides significant advantages namely, supplementary deductions and a possible reduction in taxes. We work with the timing and status of your divorce process to maximize gains for you.
We can help you strategize the best way to distribute your personal and business assets with the most advantageous tax arrangement for all parties involved. For deceased taxpayers, we can prepare the Final T1 Return and discuss the residual assets distributions.
We have access to other planning and legal professionals who can develop clear directives, including a strong and meticulous will to leave a strong legacy in your estate.
Let us support you and your family through this process as we employ compassion and clarity in undertaking the last taxation obligations for deceased taxpayers.
If you’ve moved to or within Canada this tax year, you may qualify to claim your moving expenses. There are several scenarios which enable you to take advantage of this tax break, and the capable CPA’s at Evolution Accounting can investigate all the possibilities for, and with you.
With the support of your invoices, receipts, contracts, and other pertinent documents, we can guide you through the determination of all rental gains and losses, and whether your rentals are simply rental properties, or constitutes a business. We know all the items you can deduct, and our team works enthusiastically to lower your taxes and raise your profitability on your rental ventures.