Personal Tax
Partnerships
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For income tax purposes, a partnership is a relationship rather than a legal entity. Each partner needs to report their share on their own income tax return. However, there may also be filings required by the partnership itself, such as:Â
GST / HST
For GST/HST purposes, a partnership is considered to be a separate entity. It may be required to register for and collect GST/HST if it provides taxable supplies.
T5013 Return
If a partnership meets certain criteria in terms of ownership, income or activities during the period, it may need to file a T5013 - Statement of Partnership Income return.
Underused Housing Tax
Any person who owns a residential property as a partner of a partnership must file a UHT return.
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Individuals and Trusts
CRA Audit Consulting
Assist with communication and the resolution of issues with the CRA
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Personal T1 Return
Prepare annual T1 tax returns and related schedules, including:
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T2125 - Business or Professional Income
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T776 - Real Estate Rentals
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Schedule 3 - Capital Gains and Losses
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Tax planning
Provide tax planning strategies for:
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Retirement and estate planning
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Succession planning
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RRSP, TFSA and investments
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Income splitting
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Incorporation vs. sole proprietorship
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Underused Housing Tax
Prepare UHT returns, for qualifying individuals and partnerships owning residential real estate
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Government Remittances
Prepare government remittances for sole proprietors
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Trust T3 Return
Prepare T3 annual trust tax returns
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