Kennedy Tax and Accounting Inc. provide the best personal income tax services in Canada with the highest refunds, accuracy, and confidentiality!
We prepare and electronically file your personal income tax returns to ensure you receive the most tax benefits.
We have been offering personal tax services for over ten years while upholding our clients’ trust and professionalism.
We offer free after-tax return services all year long to our esteemed customers.
Our prices are very reasonable, while never compromising on quality.
The income tax system in Canada operates under a two-tiered structure, with the federal government setting out the fundamental regulations for income tax, while the territories hold the power to levy their own taxes alongside the federal tax. As the enforcer of tax legislation, the Canada Revenue Agency (CRA) is responsible for collecting taxes.
Each year, without exception, every Canadian resident is required to submit an income tax return, in which they must declare their worldwide income. The applicable tax rate and threshold for Canadian income tax are determined based on an individual’s income level and the province of residence.
It’s important to note that different provinces may have varying tax rates and thresholds, making it crucial to consider these differences when preparing to file your taxes.
Personal tax services can encompass a range of offerings, such as aiding with the preparation and filing of tax returns, tax planning to optimize financial outcomes, and provision of tax advice. Moreover, these services may prove beneficial to Canadians by offering guidance on complying with tax laws, mitigating the likelihood of penalties for non-compliance, identifying and maximizing deductions and credits to minimize tax liability, and addressing complicated tax-related matters.
Hiring a tax accountant can prove to be an excellent decision for effectively managing your finances and minimizing your tax liability. With their specialized knowledge of tax laws and regulations, a tax accountant can provide valuable support in several areas, such as tax planning, preparation, and compliance.
Furthermore, in addition to offering guidance on how to capitalize on new tax credits and plan for the long-term, a tax accountant can conduct an in-depth analysis of how your financial decisions might impact your taxes. In fact, they can offer insightful recommendations on actions to take at the outset of a fiscal year.
By partnering with a personal tax accountant, you can ensure that you stay fully compliant with tax laws and regulations while maximizing your tax benefits. Not only that, but they can also provide you with peace of mind and assist you in achieving your financial objectives.
For More documentation on Income taxes, Please visit the Official website of Canadian Taxes.
Personal tax services can help people in many ways. Some benefits include:
As previously mentioned, tax services offer numerous advantages to individuals with respect to their income tax returns. Given the constantly evolving tax laws and regulations, it is essential for individuals to seek the assistance of personal tax services to ensure compliance and minimize their tax liability.
Engaging a personal tax accountant can be an invaluable resource in managing your finances and decreasing your tax liability
M KMay 14, 2024I am a customer here for years and they treated me well. Mano is professional and truthful. Highly recommended 👍mohammed AbilailMay 13, 2024Great peopleabdulgader alsamkaryMay 13, 2024IV BEEN GOING THERE FOR 10 YEARS ,IT IS THE MOST BRILLIANT TAX OFFICE IV EVER BEEN TO ,IM SO GREATFUL THIS PLACE EXISTS 🙏Maycon BarrosMay 7, 2024GreatAziz RahmanMay 7, 2024The staff was very nice, cooperative and helpful. Very much appreciated.Dennis IgnacioMay 7, 2024thank you for Good quality serviceDamien GMay 4, 2024Fast reliable friendly knowledgeable team, been going here for years, no issues, will be backLa ToyaMay 2, 2024Manoranjan is an excellent tax service provider in zscarborough.
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