The practice of preparing tax returns is so much more than just filling in the boxes and completing tax forms. It takes years of practice and study to acquire an in-depth knowledge of tax law. At TandemTax, I will provide you with meticulously prepared income tax returns for individuals, the self-employed, investors, deceased individuals and more. Extra effort will be made to ensure tax credits and deductions to which you are entitled are accounted for.

​

I can help  both the large and the more casual investors get organized to keep track of the ACB’s of investments to ensure capital gains and losses are accurately recorded in the future.

​

For Entrepreneurs, Landlords and other sole-proprietors, I can help you accurately compile and report your income on a monthly basis, or frequency of your choice.  My Quickbooks bookkeeping services will keep your records organized, up-to-date and ready for tax reporting.

​

      💠 Preparation of personal income tax returns for students, seniors, employed, sole-proprietor,

           rental property, investments

      💠 Assistance with CRA and Revenu Quebec inquiries

      💠 Efiling with CRA and Revenu Quebec

      💠 Secure portal for document exchange and signing of documents

Please check my Resources section for my comprehensive checklist to facilitate organizing for your personal tax filing.

​

DECEASED INDIVIDUALS

The hardest tax return you will have to file. Terminal income tax returns are by far much more complicated than a regular personal income tax return. The data is not entered directly into the tax return from the tax slips received from the various financial institutions, but rather compiled from monthly bank and investment statements from January 1st to date of death. Other matters to consider are whether assets such as stocks, bonds, home, cottage, RRIF, etc can be rolled over at ACB to a surviving spouse or whether the assets will be deemed disposed at their value as at date of death. The instructions in the deceased's will must be strictly followed in determining how the assets can be deemed disposed in the terminal tax return. There are occasionally post-mortem tax planning opportunities to be considered as well. For example, a post-mortem spousal RRSP contribution. In addition to the Terminal Tax Return, up to three optional returns may be filed depending on the taxpayer's sources of the income. For example, in the most common optional return, Rights and Things, we can report certain pension income for the month of death and dividends earned but not received. These optional returns provide access to additional non-refundable tax credits, thereby reducing the overall tax bill. 

​

       💠  Final Income Tax Returns

       💠  Elective Returns (Rights and Things, Return for a Partner or Proprietor, Return for income from a Graduated Rate

                Estate (GRE)

       💠  Preparation of Inventory as at Date of Death

       💠  Preparation of Revenu Quebec Clearance Certificate (MR-14.A-V)

​

We have the experience, and we understand how daunting the taxes may be, especially during the difficult time of grieving your loved one.

ESTATE AND TRUST TAX RETURNS (T3-TP646)

As the legal representative (liquidator/executor), you have many administrative, legal and tax responsibilities that need to be complied with in order to avoid personal liability. I can help you navigate these responsibilities so that you can meet your tax filing, legal, clearance certificate and beneficiary responsibilities. We are also readily available to assist or guide you through the lengthy and complicated administrative duties you will have to complete.

The T3-TP646 returns must be filed within 90 days of the year-end of the Estate or Trust.

​

      💠  Preparation of Graduated Rate Estate (GRE) and Trust returns

      💠  Estate Accounting Services

      💠  Preparation of Federal Clearance Certificate Requet (TX19)

Please check our Resources section for comprehensive checklists to facilitate the administration and tax filings of the Estate.

ESTATE ADMINISTRATION AND ACCOUNTING

The Executor (Liquidator in Quebec) is responsible for providing a complete accounting of income and expenses to the beneficiaries. I can help compile the complete accounting records to keep track of assets and income (which beneficiaries have a right to ask for), prepare the Estate’s financial statements, prepare the federal and Quebec clearance certificate requests and assist you with the final distribution to the beneficiaries.

​

In addition, I can provide assistance to you with any aspect of the estate administration that you may need. Having administered hundreds of estates I can, for example, complete the will searches, write letters to financial institutions, cancel subscriptions and utilities, help you complete forms and declarations of transmission, act as a buffer between you and confrontational beneficiaries. Furthermore, I can assist you with the preparation of the Statement of Assets and Liabilities as at date of death.  This document is a valuable and essential tool for both the accounting records of the Estate and for both levels of government when requesting the clearance certificates.