Category: Taxation in the province of Alberta

Posted on December 13, 2021

Accounting and Tax Services in Fort Saskatchewan

Accounting and Tax Services in Fort Saskatchewan Before we get into the services we offer, it is important to understand a little bit about what accounting and tax professionals do. We help organizations and individuals with many aspects of their finances, from day-to-day transactions to long-term planning. The best thing about our service is that it is tailored specifically for your business. For a little more insight into what we do, please see below: Tax Preparation: Helping people keep up with their taxes so they can avoid penalties Accounting Services: Accounting professionals handle all aspects of day-to-day transactions and long-term…
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Posted on December 13, 2021

Corporate Tax Accountant for Small Businesses in Fort Saskatchewan Alberta

Most small businesses are not aware of the complicated tax process. They think it is something only for the big companies. But this is not true! As a small business owner, you have to know about these things too. Choosing the best corporate tax accountant for your small company in Fort Saskatchewan Alberta or even Edmonton and Sherwood Park can be challenging. You need to do some research before hiring one. Check out their credentials, online reviews and testimonials, etc. What are the Key Differences Between Personal Income Tax Returns and Corporate Income Tax Returns? A personal income tax return…
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Posted on December 12, 2021

Tax Tips You Should Know if You are Preparing Your First Tax Return

Taxes are often seen as a complicated, overwhelming, and time-consuming burden. But there are some tips you can follow to make the process easier on yourself. Here are 5 tax tips you should know if you are preparing your first tax return. 1) Keep Track of Your Income 2) Use Online Tools 3) Fill Out Expenses for Deductions 4) Consult an Experienced Professional 5) Review Your Return Before You File What is a tax return? Why do I need to file a tax return? A tax return is a form that has to be filed when you earn money during…
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Posted on December 12, 2021

Reasons Why Your Company Needs Corporate Accounting and Tax Services in Calgary

In order to have a successful company, it is crucial to have the right services in place. Just as an example, this article will be discussing a very important service that a company needs: Corporate Accounting and Tax Services in Calgary. Here are some reasons why your company needs these services in order to be successful: 1) Preventing fraud and theft - The first reason is that you need to have these services in place so that you can prevent fraud and theft. 2) Save money - The second reason is to save money by providing tax planning strategies, which…
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Posted on December 12, 2021

Tax Tips for Entrepreneurs in Calgary 

This article will provide you with insights into tax tips for entrepreneurs in Calgary. You may not be aware of some of these tips and they can potentially save you a lot of money. One way to save on taxes as an entrepreneur is the use of a TFSA savings account to help shelter additional income and investment earnings from tax. This account works similarly to an RRSP account, but without the need to contribute each year. The withdrawal rules are also simpler than those for RRSPs, meaning that the funds can be withdrawn at any time without any tax…
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Posted on December 12, 2021

The Ultimate Guide to Personal Tax Services and Accounting in Calgary

This guide is an information about tax services and accounting in Calgary. This guide contains information about the taxation system, tax rates, eligibility for deductions, types of expenses that can be deducted, filing taxes online and other useful details. Taxation System: Taxation system is the first thing that comes to mind when anyone starts getting closer to personal finance. The taxation system contains all the rules and regulations which are designed to put you on equal grounds with others in terms of how much money you should pay to the government. You have two options available to you - You…
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Posted on December 12, 2021

What to Know About Personal Tax Services and Accounting in Calgary?

For individuals, both small and large businesses, and not-for-profit organizations that operate in Canada, the Canadian tax system can be complex and confusing. There are many factors that determine the amount of taxes you owe to the government. Taxes flow from your employee income to your personal income to your investments. If you're a resident of Calgary or if you have investments in Calgary, there's a good chance you'll need personal tax services and accounting in Calgary at some point. If so, it's important to know what you should look for so that you can get the best possible service…
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Posted on December 12, 2021

The Complete Guide to Corporate Tax Preparation in Edmonton Alberta

Tax preparation is a complex task that requires deep skill and expertise. Many people are intimidated by the process of tax preparation. This is because it can be technical, complicated, and confusing. Taxpayers often make mistakes in their calculations, which can lead to penalties or even jail time. Introduction: What is a Corporate Tax Preparation? Corporate tax preparation is a process of calculating and reporting the company’s taxable income to the government. A tax consultant or accountant may be required in order to complete this process. Tax consultants must have a wide range of knowledge about the taxation laws that…
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Posted on October 13, 2021

Alberta Corporate Income Tax – Alberta Small Business Deduction

SMALL BUSINESS ACCOUNTANTS ALBERTA - BOMCAS CANADA If you are a small business owner, no one understands your industry more than you do yourself. Doing everything on your own, on the other hand, can be exhausting. Getting in touch with BOMCAS CANADA if you're ready to free up some of your time. Our highly qualified accountants are ready to handle all of your tax and financial needs, allowing you to devote your time and energy to what really matters — running your business. ACCOUNTING SERVICES FOR SMALL BUSINESSES Allow us to relieve you of some of your responsibilities. Our range…
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Posted on September 6, 2021

Personal and Corporate taxation in the province of Alberta

Alberta's taxation system The government of Alberta recognizes the importance of a competitive, equitable, and efficient tax system, and it is committed to ensuring that this system remains in place. Personal income tax is a type of tax that applies to individuals. The Canada Revenue Agency collects personal income tax on behalf of the Alberta government in the same way that the federal government collects federal income tax. Personal income tax rates are as follows: Tax rate Taxation in a specific tax bracket 10% Up to $131,220 12% $131,220.01 to $157,464 13% $157,464.01 to $209,952 14% $209,952.01 to $314,928 15%…
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