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  • Oakville Office: 860 Progress Court, Oakville, ON L6L 6K1
  • GET IN TOUCH (289) 813-3378

Tax Planning

Tax Planning

Custom Tax Services for both Organizations and Individuals

Whether you're a salaried employee, a contractor, or a business owner, tax preparation can be complicated. We understand that you want to keep as much of your money as possible, so we work with you to achieve your objectives through rigorous planning and clear communication, so you know exactly what you need for your yearly tax appointment. Throughout the financial year, taxes are assessed on personal and commercial incomes.

Services for Individuals & Business Tax

  • Personal Income Tax Return
  • Property rental income
  • Investment Income
  • Tax audits with Canada Revenue Agency
  • Tax filing for back years
  • Tax minimization strategies
  • Business: Self-employed, sole-proprietorship, partnership – T1 income tax return
  • Business: Corporate – T2 income tax returns
  • Business: GST/HST and other sales taxes
  • Business: Assist with CRA audits & reviews
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Personal Income Tax Return

Personal Tax returns: Personal T1 with e-filing Self employed businesses Real estate agents Rental income Employment expenses Investments Cryptocurrency tax

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Property rental income

If you are renting a real state property that you own, you are considered to have a rental income. Whether you rent a building, a room in your house, or a commercial place, you have to declare your income or losses in your income tax return.

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Investment Income

If you earn interest, capital gains, or dividends, you must declare it to the Canada Revenue Agency as investment income. However, there are exceptions, and knowing about them and how to take advantage of them might help you reduce your tax liability.

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Tax audits with Canada Revenue Agency

We can help and guide you to ensure the best possible outcome in resolving your tax problem quickly and efficiently. We will represent your best interests with the CRA, ensuring that your rights are fully protected and that the audit process is conducted properly.

Accounting

Tax filing for back years

The highly experienced Chartered Professional Accountants at Progress Group Inc will assist you with all your Back Tax and Tax Audit requirements in a stress free environment.

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Tax minimization strategies

We will work with you to examine your financial situation and identify potential areas for saving tax. We can help you to formulate strategies to lighten your tax load and free up funds to enhance your life – now or in the future.

Accounting

Business: Self-employed, sole-proprietorship, partnership – T1 income tax return

You must submit a personal income tax return and pay the same amount of tax as any employed wage earner if you're self-employed as a sole proprietorship or partnership. After deductions, your business revenue is deemed your annual wage, and you report it as professional or business income.

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Business: Corporate – T2 income tax returns

The T2 is the mandatory corporate income tax return form for the federal government of Canada. The exact term for this statement is "declaration of corporate income." Each company must file a corporate income tax (T2) for each taxation year.

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Business: GST/HST and other sales taxes

We advise you about the many complicated issues surrounding sales tax and GST and HST concerns.

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Business: Assist with CRA audits & reviews

We offer a full range of tax services related to whatever your tax issues may be, including late tax filing, Tax Amnesty help, Reassessment, audit planning and representation, tax appeals, penalty and interest negotiation, and compliance matters involving information reporting and withholding, tax plan and much more. With our in-depth knowledge of CRA practice and procedure, we can help clients efficiently resolve difficult CRA tax matters.

Progress Group Accounting Inc (the “PGA”) Chartered Professional Accountants have the necessary experience in tax preparation that you require to feel confident about your financial well-being.

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