WK Tax Services

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+1 (416) 671-5524
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WK Accounting & Tax Services Inc. is formed by Canadian Accountant and is proud to assist Canadian in general. My company is serving Peel and Halton Region (Milton) in particular with their Personal Tax Return, Business Taxation, Bookkeeping / Accounting needs, HST filling, Registration of Corporation, Insurance and Financial planning etc

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PERSONAL TAX RETURNS (T1)

Let WK Accounting & Tax Services tackle your personal tax issues. We can work with you to help minimize your taxes. As professional accountants, we can prepare any type of personal tax return, including returns for sole proprietors, employees, part-year residents, non-residents, and others.

We can review your previous years filed Tax Returns to check if they were accurate or not. If we find any error which would be to your benefit we will file T1-Adjustment for those years.

We provide year-round support and help with CRA inquiries. Please remember, an accurate and professionally prepared Tax Return reduces the probability of CRA review/audit.

If interested in our services you can follow the 3 easy steps below and we will take care of all your tax needs.

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CORPORATE TAX RETURNS (T2)

Corporate Tax preparation for Small and Mid-Size owner managed Businesses like IT Consultants, Construction Contractors, Service Stores, etc.

Tax compliance is a requirement for all Canadian private companies, and you need professional accountants to perform the strategic and skillful planning to reduce the amount of tax payable to Canada Revenue Agency.

As Professional Accountants in GTA, we can prepare corporate tax returns for your business. We can develop customized tax programs that work for you.

If interested in our services you can follow the 3 easy steps below and we will take care of all your tax needs.

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Bookkeeping and Accounting Services

  • Maintaining your books on QuickBooks
  • Once per year bookkeeping
  • Trial Balance
  • Profit and Loss Statement
  • Balance Sheet
  • GST/HST calculation and reporting
  • Bank account reconciliation
  • Other Key account reconciliation
  • Daily, weekly, monthly, quarterly bookkeeping (depending on the size of business)
  • Recording vendor invoices
  • Generating AP aging reports
  • Generating AR aging reports
  • Managing your payroll and maintaining your payroll records
  • Calculating CRA deductions and making remittances
  • Tax File
  • Accounting
  • Bookkeeping
  • Insurance and Investments

HST Rebate

If you have recently purchased a home (or condominium) with the intention renting it out, then the property would be considered an investment property. As a purchaser of an investment property in Ontario, you may be eligible for the new Residential Rental Property Rebate (NRRPR).

When you purchase an investment property, you are generally required to pay the HST on the purchase and subsequently apply for an HST rebate from the go vernment. The rebate amount can be significant as it can reach a maximum of $24,000.

To determine your eligibility for the HST rebate, there are specific criteria which you must meet, these criteria is outlined by the Canada Revenue Agency. WK Accounting & Tax Services Inc. is specialized in HST rebates for new residential rental properties in the province of Ontario and assist you by completing and submitting the HST rebate application for you.