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WELCOME TO THE 2018 PERSONAL INCOME TAX SEASON

The new year has begun and it's time to think about filing your taxes!  To assist with preparing your 2018 personal tax return, and make the process as painless as possible,  we have put together some important information that we hope you will find helpful.

2018 tax changes

Medical expense tax credit - has been expanded to allow expenses related to service animals who are specially trained to perform specific tasks for a patient with a severe mental impairment that help the patient cope with the impairment. Eligible expenses paid in 2018 include the cost of the animal, the care and maintenance of the animal (food and veterinary care), reasonable travel expenses paid for the patient to attend a school, institution, or other facility that trains in the handling of these animals, and reasonable board and lodging expenses paid for the patient’s full-time attendance at a school, institution, or other facility.

Climate Action Incentive (CAI) payment - can be claimed by eligible individuals who are residents of Saskatchewan, Manitoba, Ontario or New Brunswick. A new Schedule 14 is completed to claim the amounts you may be entitled to based on your family composition. The CAI payment will first reduce any balance owing, and may create or increase your refund. A 10% CAI supplement is available to residents of small and rural communities who live outside a Census Metropolitan Area (CMA), as defined by Statistics Canada.

Registered Disability Savings Plan holders - a temporary federal measure now allows an immediate family member to be the planholder of the disabled person's RDSP, even if they aren't yet designated as the person's legal representative.  This measure will last until the end of 2023.  If you are a qualifying family member who became a planholder before the end of 2023, you can remain the planholder after 2023.

Engagement letters

Each year we require our clients to sign an engagement letter which outlines the terms under which we prepare your personal tax return.  You will receive a personalized engagement letter to sign when your tax return is complete.  However, you may download a generic engagement letter here to review prior to your taxes being prepared.

Client tax organizers

In order to proceed with preparing your tax return(s), please bring a completed client tax checklist/organizer along with all relevant documentation into our office as early as possible.  The organizer is available in either a fillable format here (PDF version) or a non-fillable format here (PDF version). 

Please note that your full name and social insurance number must exactly match the information on file with the Canada Revenue Agency (CRA).  If you are not sure what information CRA has, please check your 2017 Notice of Assessment.

Scheduling appointments

New clients will need to contact our office to setup an initial in-person consultation appointment. We will have extended hours during the tax season  (February 18th 2019 to April 15th 2019).  Our tax consultation appointments are available as follows:

  •  Monday, Wednesday and Friday - 9:00 am to 7:00 pm.
    • Our last tax consultation appointment of the evening is 6:00 pm.
    • Tuesdays and Thursdays are reserved for tax return processing.

During the initial consultation, new clients will be required to sign a T1013 form which authorizes us to act as your representative with CRA.

Returning clients, with no significant changes to their tax situations, do not require an appointment.  Simply complete our client tax organizer and drop it off at our office with your complete tax document/slips package.  If your situation has changed significantly, and you would like to schedule an appointment, we are happy to conduct tax interviews in-person, over the phone or by email.

While the tax appointment does not allow time for tax planning, we offer personal or small business tax consultations after the tax season.  Our regular professional rates will apply to these types of consultations.

Important dates

February 28, 2019

Last day for filing employee T4 slips and  T5s for dividends

March 1, 2019

Last day to contribute to your own RRSP for the 2018 tax year

March 15

June 15

September 15

December 15

Personal income tax instalment due dates

April 1, 2019

T3 Trust Return filing due date

 April 15, 2019

Deadline to send your complete tax package to our office to meet the April 30th filing due date.  Please note that We will do our best to file all client tax returns by the CRA due date but returns received after April 15th will be processed in the order received.

June 17, 2019

Personal income tax filing due date for self-employed individuals.  Please note that any payment of taxes owing is still due on April 30th, 2019.

 

For assistance with GST/HST and payroll remittance due dates, please contact us.

Electronically filing your return

We will electronically file all tax returns (except in limited circumstances) but cannot do so without signed consent indicating that you have reviewed and agreed to all the information in your return.  We will also require payment of our fees before your return can be e-filed on your behalf.

CRA review requests - after your taxes are filed

Each tax year, CRA continues to increase the number of requests for backup documentation to support claims reported on personal income taxes.  Should you be contacted by CRA to provide additional information after your taxes have been filed, and would like us to assist you in responding, our standard professional rate will apply.

Other services - available all year

Our services don't end at tax time!  We are available all year for any of your professional advisory needs including:

  • Bookkeeping
  • Personal and business tax planning
  • Business consultation
  • Corporate tax returns and Notice to Reader financial statements
  • Part-time controller or virtual CFO services