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Taxation is an important concern for all individuals and businesses. Unfortunately, taxation regulation is very complicated. Subsequently, at Global Tax Service (GTS), we offer a comprehensive set of solutions to fulfill your taxation needs. At GTS, we pride ourselves in being able to deliver personalized, professional, effective solutions to meet your taxation needs. Some of our taxation services include:
Personal Tax 
Under Canadian tax regulation, a resident of Canada during anytime of the taxation year is subject to Canadian taxes. This not only includes your Canadian income, but also includes all of your world wide income as well. Even without any income, you must file a Personal Tax claim in order to apply for the GST tax credit and child tax benefit. If you are a business owner, understanding the difference between your business taxes and personal taxes is crucial. Properly separating the two can lead to significant savings. We also specialize in preparing personal tax claims for caregivers, clergies, international students and visitors.
Business Tax
Every business must deal with taxation. Unfortunately, business taxes can be a cumbersome and complex process. We at GTS can help. GTS has dedicated tax professionals that can help you in completing your business tax returns. At GTS, we have the expertise to help the following businesses:
- Self employed individuals
- Small business owners and entrepreneurs
- Commission based salespeople
- Rental property owners
- Truckers
Our experienced tax professionals will provide advice and guidance in calculating taxable income and allowable expenses.
We will work step by step in assessing and explaining:
- All of your allowable business expenses, which includes claiming your automobile to your office supplies
- Home office expenses
- The possibility of employing family members
- Expenses have to be "capitalized" and claimed over a number of years
- GST/PST and payroll tax submissions
- Proper claiming of meals and entertainment expenses
GTS will help manage your taxes, thus allowing you more time to focus on growing your business.
Corporate Tax
Companies are bound by a different set of taxation regulation. We at GTS can help your company hurdle over those burdensome regulations. Regardless of the size of your company, we are committed to delivering high quality tax planning and to developing a long term client relationship.
We at GTS have a host of services for your corporate needs by:
- Preparing financial statements
- Filing corporate federal T2 Tax return and attachments
- Filing provincial tax return and attachments
- Providing auditing services for your business, including compiling and
- reviewing Taxation information
Personal Tax Planning
At GTS, our qualified professionals will provide advice on how to minimize your personal taxes. This involves more than preparing and filing personal income tax returns, especially for a business owner, whose corporate and personal tax issues may overlap. Our knowledgeable tax practitioners can help you in:
- Customizing owner-manager remuneration packages
- Providing advice on mortgage financing
- Income-splitting
- Setting up a trust
- Planning for retirement
- Estate and succession planning
GTS will ensure that you minimize your tax payable and maximize your available tax credits.
Minimize Tax Payable:
RRSP (Home Buyer's plan)
Income Splitting
Child Care expenses
Moving Expense
Maximize Tax Credit:
Spousal Credit
Medical expenses
Charitable Donation
Tuition and education
Student loan
Our accountants will find other tax saving tips to help you save your money.
Tax Audit & Appeal
Audits can be complicated and stressful for any individual or business. We at GTS can help. Our experienced tax professionals will be there to work with you during the entire audit process. A GTS professional can file and prepare an audit return, adjustment and appeal on your behalf. GTS representation and experience will help take the stress out of the tax audit process. Thus, allowing you more time to focus on improving your business.
Canadians Abroad
If you are a Canadian living abroad, you may still be subject to Canadian income taxes. GTS tax professionals can clarify your position. Our dedicated professionals will be able to answer any questions you may have on tax regulations dealing with non-residents. You don't need to fly back to Canada in order to file your income tax return since we are going to file your tax return at your convenience.
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