Jki-facebook-light Twitter Instagram Pinterest Youtube

Calgary

Tax Return Filers Ltd. Services in Calgary, Alberta

  • Home

Personal Tax Return Preparation and Filing Services in Calgary

Personal Tax Accountant Calgary
Personal Tax Advisor Calgary

1. T1 Personal Tax Return Preparation and Filing
We offer expert preparation and filing of T1 Personal Tax Returns for Canadian residents, ensuring accurate income reporting, claiming eligible deductions, and minimizing personal tax liabilities.

2. Departure Tax Planning and Filing
For those planning to leave Canada permanently, we provide specialized departure tax planning services. We guide you through the necessary steps and forms to report the fair market value of your assets and handle deemed dispositions. Our services include:

  • Form T1161: Assistance in reporting the fair market value of your assets at departure.
  • Form T1243: Support in reporting deemed dispositions and calculating capital gains or losses.
  • Form T2209: Guidance in claiming Foreign Tax Credits (FTCs) to prevent double taxation.


3. Capital Gains Income Reporting (Schedule 3)
We simplify capital gains and losses reporting with expert guidance on Schedule 3 for gains from the sale of Canadian real estate, marketable securities, and foreign assets.

4. Lifetime Capital Gains Exemption
We help determine eligibility for the Lifetime Capital Gains Exemption on the sale of qualified small business corporation shares, currently set at $1,250,000, to maximize your tax savings and retain more profits.

5. Rental Income Reporting (Form T776)
Our team assists property owners in reporting rental income using Form T776, ensuring allowable expenses are deducted to optimize tax outcomes.

6. Self-Employed Income Reporting (Form T2125)
We offer comprehensive support for sole proprietors completing Form T2125 to report business income and expenses, maximizing deductions and helping avoid ineligible claims to minimize audit risk.

7. Employment Expenses Deductions (Form T777)
We assist employees in claiming deductions for work-related expenses through Form T777, which can include home office expenses, vehicle costs, and job-related supplies. We also handle Form T2200, completed by employers to certify eligible expenses.

8. Moving Expenses (Form T1M)
If you relocated for work and meet CRA’s criteria (moved at least 40 kilometers closer to your new job), we help claim eligible moving expenses for tax deductions.

9. Form T1135 Foreign Income Verification Statement
We prepare Form T1135 for Canadians with foreign assets exceeding $100,000, ensuring compliance by accurately reporting foreign securities, real estate, bonds, and deposits.

Cross-Border Tax Services in Calgary

  1. US and Canadian Personal Tax Return Preparation
    We assist individuals in accurately filing tax returns in both the US and Canada.

  2. Cross-Border Tax Planning
    Strategic advice tailored for managing cross-border tax obligations efficiently.

  3. US Business Tax Return Preparation
    We specialize in US tax returns for partnerships and corporations, including real estate partnerships, ensuring compliance and tax optimization.

  4. US 1040 Non-Resident Tax Return Preparation
    Preparation and filing of US 1040 Non-Resident returns for Canadians with US income from employment (W2), business (Schedule C), rental (Schedule E), and capital gains (Schedule D). We assist Canadian sellers of US real estate with Forms 8288-A and 8288-B.

  5. US 1040 Income Tax Return for Residents
    We handle US 1040 returns for US citizens in Canada and Canadians in the US, preparing foreign tax credit forms T2209 and 1116 to prevent double taxation.

  6. Application for ITIN (Form W7)
    We assist Canadians with obtaining US ITINs for US tax filing obligations or rental properties.

  7. US EIN Application (Form SS-4)
    Preparation of Form SS-4 for Canadians needing a US EIN to own or operate US entities.

  8. US 1065 Partnership Return Preparation
    Preparation of US 1065 returns and K1 slips for Canadian investors in US partnerships.

  9. US 1120-F Treaty-Based Corporate Tax Returns
    Preparation of 1120-F returns for Canadian corporations with US business activities but no permanent establishment.

  10. US 1120 Corporate Tax Returns
    Form 1120 preparation for US corporations owned by Canadians, supporting business expansion into the US.

  11. W8-BEN and W8-BEN-E Forms
    Preparation of forms to prevent unnecessary US tax withholding for Canadian individuals and corporations.

  12. US FBAR and Form 8938 Preparation
    Assistance with FBAR and Form 8938 to report foreign financial accounts and specified assets to the IRS.

Corporate Tax Return (T2) Services in Calgary

  1. T2 Corporate Income Tax Return Preparation and Filing
    Specializing in T2 returns for small and medium-sized businesses, freelancers, Tax Consultant Calgary, professionals, and real estate investors to minimize tax liability.

  2. Corporate Tax Planning
    Customized tax plans to maximize deductions, implement income-splitting strategies, and optimize owner compensation through salary and dividends. We assess the benefits of setting up holding companies or family trusts.

  3. GST/HST/PST Sales Tax Returns Preparation and Filing
    Preparation and filing of GST/HST and PST returns to ensure compliance with varying provincial requirements.

  4. T4 Slip Preparation/Filing and Payroll Services
    Preparation of T4 slips for employees and shareholders receiving salaries, optimizing compensation for tax efficiency.

  5. T5 Slip Preparation/Filing for Dividends
    Preparation of T5 slips for dividends received, accurately classifying types to maximize tax benefits.

  6. T2 Treaty-Based Tax Return Preparation and Filing
    Preparation of T2 Treaty-Based returns for foreign corporations without permanent establishments in Canada, avoiding unnecessary taxation.

  7. RC1 Business Registration Services
    Assistance with obtaining business, GST/HST, payroll, import, and export numbers for businesses entering the Canadian market.

  8. Section 85 Rollover Tax Planning and Filing
    Preparation of Form T2057 for tax-free transfers of assets or shares to Canadian corporations, ideal for reorganizing business structures.

  9. Succession Planning
    Expert advice on estate planning, including estate freezes and the establishment of family trusts for smooth business transition.

  10. Voluntary Disclosure Program (VDP) Applications
    Preparation and filing of VDP applications to rectify unreported income or missed filings.

  11. T3 Trust Return Preparation and Planning
    Complete T3 trust return services for family trusts, estates, and bare trusts.

  12. T2054 Election for Capital Dividend
    Preparation of T2054 Elections and T2SCH89 for tax-free capital dividend distribution, ensuring accurate CDA balance management.

Non-Resident Services in Calgary

At Tax Return Filers Ltd., we specialize in helping non-residents manage their Canadian tax obligations efficiently. If you are a non-resident with income from Canadian sources, it is essential to file the correct tax returns and benefit from potential tax reductions.

Filing Section 216 or Section 217 Returns in Calgary:
Report Canadian income sources and apply for applicable tax reductions. If you are a non-resident who receives a rental income from a property you own, you should file a Section 216 return.

Certificate of Compliance under Section 116 in Calgary
If a non-resident sells a property a buyer’s lawyer can withhold up to 50% of gross sales until a non-resident seller gets a certificate of compliance from CRA under section 116.

Contact Tax Return Filers Ltd. in Calgary for personalized tax advice and professional tax filing services!