Canadian Tax Services

As an experienced Toronto CPA firm, SDG Accountant offers the best value in proactive tax planning and error-free taxation preparation for businesses and individuals. Our constant dedication to providing high-quality taxation services and outstanding customer support at affordable rates has won us a fine reputation for excellence. Find out why small businesses and individuals trust the SDG Accountant for Canadian tax services.

Personal Income Tax Preparation

Don’t be led to believe that the latest taxation software is all you need for accurate income tax preparation. Get the financial benefits of having a real taxation professional with years of experience to prepare your tax return.

SDG Accountant is an expert in preparing individual’s tax returns and is ready solve any issue you might have. We know that there are special requirements for each of our clients and appreciate that is why we provide tailored services. Our Chartered Professional Accountant has expertise in areas of accounting as well as taxation, therefore, all your taxation concerns can be directed to us.

Corporate Income Tax Preparation

Make sure your business is taking advantage of all available taxation breaks allowed per the Income Tax Act and let us help you comply with the Income Tax Act. We prepare corporate tax returns and will make sure your business never overpays through our strategic tax planning. We will adjust your financial statements for accounting purposes so they can be correctly entered in Schedule 100 (Balance Sheet) and Schedule 125 (Income Statement). We can E-File your corporate returns so they are delivered promptly. Some of our tax planning considerations for corporations involve calculating the optimal mix of salary vs. dividends, loss carry forward & carryback application, claiming and tracking Capital Cost Allowance (depreciation for tax purposes), section 85 rollover, winding up of a business, related and associated corporations, adding & removing shareholders, and acquiring/selling a business. We utilize tax credits and deductions in conjunction with a comprehensive tax planning strategy to minimize tax obligations for businesses and individuals.

T3 Trust Income Tax Preparation

Navigating the complexities of filing T3 Returns and managing estate taxes can be challenging. At SDG Accountant in Toronto, we specialize in assisting executors with these tasks.

Our services include:

Comprehensive guidance on filing T3 Returns.
Expertise in identifying and claiming eligible deductions and credits.
Support in managing multiple returns to minimize tax liabilities.

CRA Tax Problem Resolution

We confront CRA tax problems head-on! If you’re experiencing tax problems, contact us right away for assistance with filing back taxes, releasing a lien or levy, reducing tax penalties, and more. SALES TAX (PST, GST, HST)”

We can assist you in determining if you are required to be an HST registrant. We can help you determine your filing frequency based on your business needs. Choosing between quick and regular methods can affect the operating cash flows of your business. We can help to determine what is eligible to be used as an input tax credit and ensure you claim them to the maximum.

What is the Time Limit to Claim Your ITCS?

Registrants generally claim their input tax credits (ITCs) when they file their GST/HST return for the reporting period in which they made their purchases. However, you may have ITCs that you did not claim when you filed your return.

Most registrants can claim those ITCs in any future reporting period that is within four years of the reporting period in which the ITC could have first been claimed. The time limit for claiming ITCs is reduced to two years for:

listed financial institutions (other than a corporation that is considered to be a financial institution because it has an election in effect to have certain supplies deemed to be exempt financial services); and
persons with annual revenues from taxable supplies of goods and services of more than $6 million for each of the two preceding fiscal years.

How Long Should You Keep Your Books and Records?

As providers of Canadian tax services, We use books and records to refer to various documents detailing your income and expenses. Usually, you have to keep all sales and purchase invoices and other records for your business operations and GST/HST for six years from the end of the year to which they relate. However, we may ask you to keep the invoices for longer than six years.

For more information, see GST/HST Memoranda Series, Chapter 15 – Books and records.

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Users Feedbacks

“Timely, Reliable and Knowledgeable service. I filed my taxes with Sami and his team and they provided the Next Day service of my return, which is incredible. Also, with the highest refund, I have seen on my taxes to date. I attribute this to their diligence and attention to detail. Very thankful I chose to file my Taxes with them and the fact that they communicated with me along the way.”

Ucal Ukes

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Sam Faris

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Brenden Woodrow

“Sami and his firm have provided me with tax preparation and related tax counsel/advice for my business tax returns from 2013 through 2015 and maintaining my business books. He has been knowledgeable, reliable, efficient and demonstrated great integrity across the work he has done for me and my small business. He is also friendly and enjoyable to work with. I will continue to use Sami and his team for my tax and business needs and I highly recommend them.”

Jairah Bernabe

“SDG Accountant gets the job done quickly and with no hassles. When you want to maximize your return within the guidelines of the CRA, SDG is the right choice. They ask for all the information they’ll need up front, and once they have it, your return is ready in the next couple of days. Would highly recommend, I know where I’m going for tax year 2016!”

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“Sam, probably the most well dressed, professional, fast and easy accountant. He really did a great job at filing my taxes!”

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“Approached SDG for a CRA issue I was dealing with. I sat down at their downtown office and in a matter of a few weeks my issue was fully resolved. I cannot thank you enough for all of the help. I look forward to working with your team in the future if the need arises!!!”

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“SDG Accounting consistently helps me with my personal and small business accounting. It’s difficult to keep up with all my finances and I couldn’t appreciate the help more than I already do. Thanks a lot for the constant advice and returns.”

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“I have been using the services from Sami as my accountant for years now, and he is an absolute lifesaver. He and his team at SDG Accountant helped me out of a messy situation from my previous accountant and my businesses are thriving now. Much more than just accounting, business and tax advice is second to none. I highly recommend SDG Accountant to anyone who is serious about their business and going to the next level.”

Anthony Alfonsi

“Dear Sami and Andrew Thank you very much Gentlemen for being able to resolve my issues with the CRA. You’ll have been a very professional organization that treats clients’ issues very seriously and with respect. I am so glad that I found you’ll online, my previous company took so long and finally I just gave up on them. I and my wife thank you once again and wish you all the very best. Thank you once again.”

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Brandon Booth