Menu
Personal Tax
Personal Income Tax Return Services
Reliable accountants here to assist in the preparation and filing of your personal income tax return here in Surrey, BC
The accountants at Richard Kosick & Co. are licensed by the Chartered Professional Accountants (CPA) of British Columbia and have a combined total of over 35 years of experience preparing personal tax returns. We provide a comprehensive individual tax return service that offers much more than simply filing your income tax return. Based on your own unique financial status and goals, we will create a customized plan to help you maintain your wealth and support its growth. Our licensed accountants will look carefully at the information provided, and ask the necessary questions to ensure all available deductions are taken while complying with CRA regulations.
We are committed to understanding each client’s financial objectives and can develop customized tax plans following an in-depth consultation.
Our tax and accounting specialists will:
- Expertly prepare and process your personal tax return
- Maximize deductions by selecting the best filing choices to minimize your tax payable
- Ensure that all tax credits are applied correctly on your personal income tax return
- E-file your return ensuring the quickest processing of your tax return
- Support your tax filing with the Canada Revenue Agency, as required
- Make your returns stress-free
Individual Income Tax Preparation in Surrey, BC
In Canada, your personal income tax return is due by April 30th. If April 30th falls on a Saturday, Sunday, or public holiday, Canada Revenue Agency (CRA) will consider the return filed on time and/or payment received on time if it is received or postmarked on the following business day. Even if you cannot pay the full amount by April 30th, you can still avoid the late filing penalty by filing your return on time. Giving yourself plenty of time prior to this deadline is important to help us determine your unique strategy
If you believe your tax situation is complex, reach out to us in advance so we can assess your needs. If you take advantage of registered plans like TFSA’s, RRSP’s, or RESP’s feel free to reach out to us should you have questions. Our Chartered Professional Accountants (CPA) will assist with your financial planning or tax related questions.
For your initial meeting with us, please bring in your last years personal tax return and notice of assessment. We will verify carry forward amounts, maintain filing consistency, and if necessary, adjust the prior year returns in your favour for any missed income tax deductions.
Our personal tax return preparation services include :
- Canadian (T1) personal income tax return preparation
- Canada Revenue Agency inquiries and audit support
- Voluntary Disclosure Program/Taxpayer Relief request assistance
- Immigration/emigration planning
- Determining residence for income tax purposes
- Estate planning and dealing with the death of a taxpayer
- Purchase and sale of businesses
- Rental property income and expenses
- Employment income and other sources of income such as pensions and foreign income
- Business income (self-employed, partnership
- Investment and partnership income
- Sale of Stocks, Bonds, Real Estate, Rental Property
- Farming and fishing income
When you use our accounting services in Surrey, you can enjoy peace of mind, knowing that you can depend on the experience and expertise of a Chartered Professional Accountant to file your personal tax return and reduce your overall tax burden. Some of the common personal income tax issues we handle are :
- Ensuring all qualified medical/attendant care/disability claims are made
- Planning to ensure maximum childcare expenses are deducted
- Disability tax credit applications
- Disposition of real estate properties
- Business returns for proprietors and business partners
- Utilization of prior year capital losses and business losses
- Utilization of capital gains exemption
- Maximizing the principal residence exemption
- Tax considerations during divorce settlements
- Planned gifting to registered charities
- Transfer of assets to adult children
When you use our accounting services in Surrey, you can enjoy peace of mind, knowing that you can depend on the experience and expertise of a Chartered Professional Accountant to file your personal tax return and reduce your overall tax burden.
When we prepare your income tax return, we ensure that all of the information is accurate, including the filing of all applicable forms and the claiming of certain tax deductions and credits.
CRA Income Tax Audits
Navigate through an audit with qualified, highly professional assistance
We sign off on your personal tax return so the Canada Revenue Agency (CRA) knows we are associated with your tax return preparation. If you encounter an audit by the CRA, we will represent you and ensure the CRA treats you fairly. We will prepare the applicable Notice of Objection to appeal an income tax assessment or GST/HST assessment. You can sleep at night knowing your tax was done by qualified Chartered Professional Accountants.
Our team at Richard Kosick and Co. continually update their knowledge of personal taxation and have extensive experience with the preparation of personal returns. We can answer all your questions and assist you with minimizing your tax liabilities and look for those tax deductions that you may be missing out on.
Our goal is to discuss your situation before filing your tax return so that we can ask the correct questions pertinent to your specific needs.
We strive to be proactive rather than reactive with your accounting and income tax needs.
Looking for professional accountants and business advisors? We are here to assist!
Book 10 Minutes Consultation
Looking for consultation?
(+1) 604 584 6822
Need help with bookkeeping and accounting services for your small business? Schedule a free phone consultation with Richard Kosick & Co. tax accountants in Surrey to get started.
Personal Tax FAQ’S
The most frequently asked questions about personal tax services.
You can pay your personal taxes using CRA’s online My Payment service. Most major financial institutions participate. In order to do this, complete the following steps:
- Go to CRA’s My Payment page here (or Google “CRA My Payment”): https://www.canada.ca/en/revenue-agency/services/e-services/payment-save-time-pay-online.html
- Click Pay now
- Under Individuals, select Individual income tax (T1)
- Select year: eg. 2019 – tax return
- Enter your Social Insurance Number and Amount
- Click Confirm and proceed to pay
- Click Pay now
- Follow the steps through to your online banking to complete the payment
- Keep the confirmation number for your records
Please see the Important Dates and Deadlines.
