Accurate and Affordable Tax Return

Experience high quality accounting service at a competitive price.

CPAs and Professional Accountants with over 10 years of experiences. 

Most personal tax returns can be completed within 48 hours.

Services We Offer

Personal

Starts at

$59

Professional

Starts at

$89

Small Business

Starts at

$99

Accounting

Compliance

Payroll

  • Payroll Processing
  • Calculate payroll deductions and contributions.
  • Manage CRA Payroll Account
  • other payroll services

What’s new for 2024 on the income tax return

Delay of capital gains tax increase until 2026

Finance Minister Dominic LeBlanc made the announcement on Jan 31, 2025 in a news release, saying the government is deferring— to January 1, 2026 — the date on which the capital gains inclusion rate increase would take effect.

Short-term rentals

Starting January 1, 2024, individuals will no longer be able to deduct expenses related to non-compliant short-term rentals. This change applies to all expenses, including interest expenses, incurred after 2023 to earn income by operating non-compliant short-term rentals.

Reporting rules for digital platform seller and operators

New reporting requirements for platform operators have been introduced for the 2024 calendar year on sellers in the sharing and gig economy, including the rental of real or immovable property. If you are a reportable seller, your platform operator will provide you with an annual copy of the information that is collected and reported to the Minister under these rules by January 31, 2025, to help you file your taxes.

First Home Savings Account (FHSA)

Starting April 1, 2023, contributions to an FHSA are generally deductible and qualifying withdrawals made from an FHSA to buy or build a qualifying home are tax-free.

Electronic Filing Thresholds

As of January 2024, businesses that file six or more information returns (slips) are required to file them electronically to avoid penalties.

A new $250,000 Annual Threshold of Capital Gains

As of June 25, 2024, the capital gains inclusion rate—the amount of capital gains that are taxable—will increase from one-half to two-thirds on capital gains realized annually above $250,000 by individuals and on all capital gains realized by corporations and most types of trusts.

Increasing the Lifetime Capital Gains Exemption to $1.25 million

Effective June 25, 2024, the lifetime Capital Gains Exemption is increased from the current amount of $1,016,836 to $1,250,000 on the sale of small business shares and farming and fishing property.