How Can I Help?
Personal Income Tax Services
Choosing Kristi Klassen, CPA Inc. to help with your personal tax return offers numerous advantages that result in saved time and money, and less stress. We possess extensive knowledge of the ever-changing tax laws and regulations, ensuring that you are in full compliance while maximizing your deductions and credits.
Our expertise can also help you avoid common pitfalls and misinformation that could result in an audit. Additionally, we can provide personalized tax planning advice, tailored to your unique financial situation – helping you make informed decisions throughout the year.
We can handle all levels of complexity including but not limited to:
- Capital gains
- Carrying charges
- Child and spousal support payments
- Child care expenses
- Commission income
- Date of death and final returns
- Disability tax credits (T2201)
- Donations and first-time super credit
- Employment income (T4)
- Employment expenses (T2200/T777)
- Foreign income and reporting (T1135)
- Home buyer amount
- Interest expenses
- Investment income (T5)
- LLP and HBP repayment
- Medical expenses
- Pension and retirement income (T4A)
- Pension splits
- Political contributions
- Public transit amount
- Rental income
- RRSP, RPP, RESP, TFSA
- Self-employment income and expenses (T2125, T2200)
- Senior citizens – OAS, Pension Income, RRIF
- Social benefits – Social Assistance, WCB, EI, CPP
- Spouse and dependent amounts
- Student loan interest
- Trust income (T3)
- Tuition, education and textbook amount (T2202A)
- UCCB (RC62)
- Union/professional dues
- Working income tax benefit
Corporate Accounting Services
We can cover a crucial role by guiding businesses through the complexities of tax regulations and ensuring compliance with all legal requirements. Additionally, we help identify tax-saving opportunities and implement effective strategies to minimize liabilities and maximize revenue.
Compiled financial statements and/or corporate tax returns are prepared as part of the year-end engagement. Corporate tax returns must be filed every year with the CRA, regardless if the corporation is active or not.
Areas we can provide assistance:
- Accounting software choices, set up, and training
- Bookkeeping services
- Business consultations and planning
- Business number registration with CRA
- Compiled financial statements and/or corporate income tax (T2)
- GST, payroll, and corporate account registration
- General accounting, business consultations, and planning
- Payroll and HR issues
- PST registration, set up, and management
- Special reports
- Tax planning
Financial Consulting Services
Whether you’re looking for ongoing support or have a few once-off questions, you’ve come to the right place. Running your own business or even trying to prepare your own tax return can be confusing and time consuming. We’re here to help and guide you.
Example topics we can help you understand:
- When is the right time to incorporate
- How to incorporate your sole proprietorship
- Dividend versus salary
- Personal tax questions where you are preparing your own return, but need some clarification or confirmation
- How to prepare a personal tax return if your situation has changed, but you want to keep preparing your own return
- Trust and estate advice
- Sale or change of use of a principal residence
- GST, PST, source deduction questions or clarification
- Anything else you can throw at me!
Bookkeeping Services
Trust in Kristi Klassen, CPA Inc. to keep your filings and books up to date while you do what you do best – running your business. Not only will you stay up-to-date with your business performance, but we’ll be here to help answer any questions you have along the way, and provide ongoing support.
Bookkeeping services include:
- Accounting software selection, set up, and training
- Accounts payable (supplier bills, expenses, payments)
- Accounts receivable (customer invoices, revenue, deposits)
- Bank and credit card account reconcilations
- Daily transactions (debit/credit card purchases)
- Financial statements (income statement, balance sheet)
- Government reporting/filing (GST, HST, PST, source deductions, WorkSafe BC)
- Journal entries (accrual, amortization, closing entries)
- New business start-up and ongoing support
- Payroll services (preparation of ROE’s and T4/T5’s at year end)
Need some help?
I'm Ready When You Are
Get started with a consultation – I’ll see where I can best be of service to you or your business.
