Question 1

How does GL Accounts help business owners with income taxes?

Accepted Answer

Business income must be declared on either a T1 personal tax return or a T2 corporate tax return. We can do both, with a focus on maximizing after-tax profit. We also do planning to ensure you pay as little tax as possible going forward.

Question 2

Will GL Accounts help with any CRA reviews or audits?

Accepted Answer

Yes, absolutely. As your representative, we can speak with the CRA on your behalf to resolve any issues. We're on your team.

Question 3

Does GL Accounts also do taxes for non-business owners?

Accepted Answer

Yes, our tax service is for everyone, not just business owners.

Question 4

What about HST, that's tax right?

Accepted Answer

Yes, we help with HST filings as part of our bookkeeping service.

Question 5

How much does GL Accounts' tax service cost?

Accepted Answer

A basic personal tax return (without a business) costs anywhere from $120 to $180. A personal tax return with business or rental income costs about $200. A corporate tax return costs about $1,100.

GL
ACCOUNTS

SERVICE

Taxes

Identifying opportunity

FREQUENTLY ASKED QUESTIONS