TAXES CANADA

PERSONAL INCOME TAX

Some of our greatest accomplishments have been identifying missed credits and deductions on tax returns and corresponding with CRA to retrieve numerous years of refunds. Have confidence in maximizing opportunities and minimizing tax payable on your personal tax return.

CORPORATE INCOME TAX

Taxes for your corporation should be considered and planned in conjunction with your personal and family tax returns to optimize your opportunities. There are variances between net income per financial statements and for tax purposes that can add complexity.

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HST FILING

Don’t let HST catch you off guard. If your business is earning more than $30K/annum, then you are required to collect and remit HST to CRA. Establish a routine and attain compliance with HST filing requirements.

TAXES ON CRYPTOCURRENCY AND NFT EARNINGS

There has been a lot of income generated from Cryptocurrency and NFTs which is subject to income tax, both capital gains and investment income. CRA will eventually identify effective ways to audit and back tax (and maybe penalize) residents that did not claim taxes on Cryptocurrency and NFT earnings. Stay on top of your taxes payable, put money aside accordingly, and use your net earnings to reinvest or enjoy.

AUDIT SUPPORT

Getting audit by CRA can be stressful and confusing and sometimes result in additional taxes and penalties. Fisherman Financial’s professionals can help you navigate through this process to provide the appropriate support and resolve the audit in a timely manner.

SOFTWARE SOLUTIONS

Identify the right software solution for you or your business whether it is for personal income tax, corporate income tax, HST or Cloud based record keeping.

REVIEW AND ADVICE ON CURRENT PRACTICES AND SERVICES

Fisherman Financial can provide a review on your current practices and services to determine if there is opportunity for improvement.

EDUCATION AND TRAINING

Fisherman Financial is willing to provide the services above or train and educate you and your team to perform the services independently.

Interested in Learning More?

To learn more, read up on our blog or feel free to book a one-on-one consultation with us.