Services
Personal Tax Accountant in Ottawa
Spring is usually the time when most individuals look for a personal tax accountant in Ottawa. BBA Tax can assist in completing and filing personal income tax returns (T1 returns), as we do for hundreds of Canadians on an annual basis!
How It Works?
Talk with you about your tax situation
we will ask about your employment, income level, and expenses so we have an accurate idea of what to expect on your tax return.
Provide you with a quote to prepare your return
We will quickly let you know how much your tax return will cost once we have gathered the required preliminary information.
Collect your tax information directly from the Canada Revenue Agency
We will collect your tax information and slips from CRA for you, so that you don’t have to.
Finalize and file your tax return
We will get you the most money back possible by optimizing your tax deductions and credits. We then file your taxes electronically and provide confirmation of filing.
Our Approach
More goes into an individual tax return than simply your employment. Your personal income tax return is intertwined with so many other forms of income, family structure, property ownership, investments, and more. Our Personal tax consultants incorporate each facet of your financial life to find the tax credits and deductions that you deserve.
Why Choose BBA Tax
With the right financial planning and tax preparation, you can better predict if you will receive a refund, if you will need to pay further remittances, and what credits you can be eligible for in the next fiscal year. Isolating your personal income taxes from the rest of your wealth planning results in subpar management and less money in your pocket. A personal income tax advisor should always be fully involved with your financial management.
Personal Tax FAQ
General Questions
What are personal taxes?
Personal taxes are taxes levied on the income of individuals. This includes wages, salaries, investments, rental income, and other sources of income. Personal taxes are filed annually with the Canada Revenue Agency (CRA).
Why is it important to file personal taxes?
Filing personal taxes is a legal obligation for individuals with income. It ensures compliance with tax laws, allows you to claim eligible deductions and credits, and helps you avoid penalties and interest for late filing or non-compliance.
When are personal taxes due?
In Canada, the deadline for filing personal income tax returns is April 30th of each year. If you are self-employed, the deadline is extended to June 15th, but any taxes owed must still be paid by April 30th.
Services and Benefits
What personal tax services does BBA Tax offer?
BBA Tax offers comprehensive personal tax services, including:
- Preparation and filing of personal income tax returns
- Identifying eligible deductions and credits
- Tax planning and strategy development
- Handling CRA correspondence and audits
- Assistance with late or amended tax returns
How can BBA Tax’s personal tax services benefit me?
Our personal tax services ensure accurate and timely filing of your tax returns, maximize your eligible deductions and credits, and provide expert advice on tax-saving strategies. We also handle all interactions with the CRA on your behalf.
Do you offer personal tax services for all types of income?
Yes, we offer personal tax services for various types of income, including employment income, self-employment income, rental income, investment income, and more.
Security and Confidentiality
How do you protect my financial information?
We prioritize the security and confidentiality of your financial information. We use secure, encrypted software and follow strict privacy protocols to protect your data from unauthorized access.
Will my financial information be shared with anyone?
No, your financial information will remain confidential and will not be shared with anyone outside of BBA Tax without your explicit consent, except as required by law.
Process and Technology
What information do you need to prepare my personal tax return?
We require information such as T4 slips (employment income), T5 slips (investment income), RRSP contribution receipts, medical expenses, charitable donations, and any other relevant financial documents. Our team will provide a detailed checklist to ensure you have all necessary information.
How do you stay up-to-date with tax laws and regulations?
Our team of tax professionals regularly participates in training and education programs, and we closely monitor updates from the CRA and other relevant authorities to ensure we are always informed about the latest tax laws and regulations.
How do you ensure the accuracy of my personal tax return?
We use advanced tax software and employ rigorous review processes to ensure the accuracy of your personal tax return. Our experienced accountants meticulously check all entries and calculations to minimize errors.
Pricing and Engagement
How much do your personal tax services cost?
Our pricing for personal tax services varies based on the complexity of your tax situation. To get an accurate quote, you can fill out our 3-minute online form, and a custom quote will be generated instantly and shown to you.
How do I get started with BBA Tax’s personal tax services?
Getting started is easy! Simply contact us through our website, call our office, or fill out our 3-minute form to receive an instant quote. We’ll discuss your needs and tailor our services to fit your requirements.
Do you offer any packages or bundles for personal taxes and other services?
Yes, we offer packages that combine personal tax services with other accounting services such as financial management, audit defense, and bookkeeping. Contact us to learn more about our bundled service options.