With new federal budget changes every year, new criteria are proposed and implemented. Many people find tax laws complicated and confusing when dealing with tax matters.

Corporate Taxation / Tax Planning

Experienced staff from TL Professional Corporation receive updated corporate tax training every year to ensure our knowledge on income tax compliance is up-to-date. TL Professional Corporation ensures our clients meet all mandatory CRA filing requirements.

With the mindset of mitigating risk and maximizing returns for clients, TL Professional Corporation customizes tax planning strategies for both local and international clients with related companies around Hong Kong and China. We identify tax planning opportunities and advise clients to achieve tax cost-efficiency.

TL Professional Corporation works closely with local and foreign tax lawyers who are familiar with international laws in order to provide reliable tax planning services to our clients.

Fee: $150/hr      Canadian Annual Corporate Yearend: $650 +

Personal Taxation

Experienced staff from TL Professional Corporation receive updated personal tax training every year to ensure our tax knowledge is up-to-date. TL Professional Corporation ensures our clients’ personal tax returns meet all mandatory CRA filing requirements while lowering their tax by maximizing their income tax deduction credits.

For the general public, personal tax returns have to be filed on or before April 30 each year. Unless you or your spouse / common-law partner carried on a business in the taxation year, your personal tax return has to be filed on or before June 15. However, if you have a balance owing for the taxation year, you have to pay it on or before April 30.

Even if you have no income tax owing for the taxation year, you should still file your income tax in time. If you do not file your return on time, your benefits (GST tax rebate, Canada child benefit payments, old age security benefit, etc) may be delayed or stopped.

2017 Pricing with Audit protection: By purchasing the audit protection package, you will have one of our professional beside you from the memo you receive a CRA assessment or audit to help you through the entire process, see CRA Examinations/Audit section below for details.

Pricing information:

• Student returns with Audit protection plan: $90 per year / $75 (without)
• Non-business Individual returns: Basic personal (adult) with Audit protection plan: $130 per year / $100 (without)
• Non-business Family returns: Basic 2 adults $220 per year / $200 (without)
• $10 per Additional form

CRA Examinations/Audits

Canada Revenue Agency (CRA) audits and examinations can be stressful.

TL Professional Corporation is experienced with CRA processes and has supported our clients through audits and examinations. If deficiencies are identified, we can work with you to resolve the dispute and protect you or your organization’s integrity.

TL Professional Corporation can provide you or your organization with the following services at $150 per hour:

• CRA examination preparation and representation
• Consultation on federal tax issues
• Preparation of documentation on the examined tax matter
• Resolve missed or incorrect filing (if needed)
• Application for penalty and interest relief (if applicable)