Bajwa CPA Professional Corporation

We can assist you in filing your Business Tax Returns for Unincorporated Businesses. If you are Sole Proprietor / Partnership or running a small business, we can provide affordable and professional monthly bookkeeping support, accounting services, HST Return preparation and tax filing services. We can also guide and assist you in registering or incorporate your business. The services that we offer are:

* Statement of Business or Professional Activities (T2125 )
* HST Returns preparation and filing
* Payroll Services for your employees
* Bookkeeping / General Ledgers/ Financial statement
preparation
* Business Tax Planning

Keeping your company’s books up to date and accurate is critical to measuring growth, planning for future and filing accurate year-end tax returns. We can help your business running smoothly with efficient and effective accounting and bookkeeping services based on sound accounting principles.

If you are a Corporation or Sole Proprietor / Unincorporated business, we cater to all your accounting and bookkeeping needs by providing a personalized one to one service. Our Quickbooks Proadvisor Certified team are experts in bookkeeping and accounting principles and can help you achieve your financial position and goals by maintaining your books timely and accurately in order to manage your business successfully. Our firm provides a full range of cost-effective accounting and bookkeeping services including the following:

* Bookkeeping ( Monthly / Quarterly / Annual)
* General Ledger & Financial Statement Preparation
* Accounting System set up for new businesses
* Compilation of Financial Statements ( NTR)

We are very proficient in providing personal and business tax planning to our clients by introducing tax minimization strategies.
Examples of our personal tax clients are:



Income from Employment ( T4 Slips)
Investment Income
Limited Partnerships
Rental Income
Professional Income
Commission Income
Business Income / Unincorporated Businesses
EI / Old age / social security benefit income
Adjustment / Amendments to T1 Tax Returns
Filing Ojections & Appeals with CRA
Allowable Employee Expenses
Departure Tax Returns
New Immigrant Tax Returns
Deceased Tax Returns

As a non-resident of Canada, you are subject to Canadian Income Tax on most Canadian sourced income paid or credited to you during the year unless all or part of it is exempt under a tax treaty. We can file your tax returns and elections effectively on time to save you from paying additional income taxes. Our Services include:
* Section 116 Return – Non-Resident of Canada disposes of property in Canada
* T2062 / T2062 A Clearance Certificates – Request by a Non-Resident of Canada for a certificate of compliance related to disposition of taxable Canadian Property
* NR4 – Statements of Amounts paid or credited to Non-Resident of Canada
* NR6 – Undertaking to file an Income Tax Return Section 216 by a Non-Resident of Canada receiving rent from Canadian Rental Property
* Section 216 Return – Non-Resident of Canada report rental income from Canadian Rental Property
* Section 217 Return – Non-Resident of Canada receiving Old Age Security, RRSP, RIF, Pension Income etc.
* NR7 – Application for Refund of Part XIII Tax withheld.
* NR73 – Determination of Residency Status ( Leaving Canada) – Expert Review
* Residency Analysis

Whether you are an investor in real estate for earning a rental income or a real estate flipper who buys and sells real estate frequently to earn profit counted as capital gains, we can efficiently file your real estate tax returns and help you save by introducing tax minimization strategies. Real estate could be owned two ways – individually or under the corporation. We are well experienced in dealing with both kinds of situations.

We prepare a statement of Rental Income ( T776 ), Capital Gains Schedules for Properties sold. We can do efficient tax planning for real estate investors whether owned individually or under a corporation. There are many kinds of situations and ever-changing tax laws when it comes to real estate investing. Real estate industry is under constant scrutiny by CRA and therefore, in order to save taxes on real estate income, it is very important to consult experienced tax professionals. Let us take care of all your real estate matters from filing taxes, preparing financial statements for tax planning.

We are very experienced in providing Incorporation - Federal & Provincial and Business registration services for business corporations, professional corporations, non for profit corporations, NUANS name search & Business Name Registration Services - registration of sole proprietorship / general partnership. Our Services include:

* Conducting preliminary name searches & obtaining NUANS name search reports
* Preparing Articles of Incorporation
* Drafting share conditions ( as appropriate)
* Preparing organizational board & shareholder resolutions and related corporate documents to issue shares
* Elect directors appoint officers
* Enact the general operating by-law and borrowing by-law
* Select the financial year end
* Complete minute book registers and ledgers; and assemble the minute book for delivery to you

We can handle all of your incorporation and business registrations needs in the regions of Ontario and Canada.

Preparation of Annual Financial Statements

Accurate preparation of financial statements is vital for corporations and businesses as there are users who have a vested interest in your financial statements. Financial institutions, the federal and provincial governments rely upon the financial information that has been prepared of your business. It is extremely important that the financial statements are prepared following sound accounting principles in order to file accurate tax returns, adhere to bank / lender restrictive covenants, apply external financing ( NTR ), timely preparation of government filings such as payroll , HST or tax returns and in preparation of budgets, forecasts and projections reports for your company. Our tax and accounting firm will ensure that your financial statements are accurate and classified in accordance with GAAP principles.


Notice to Reader ( Compilations) Engagement

In a Notice to Reader, the financial statement is compiled from information provided by management or owner. In this report we will be acting as Management Accountants and not as auditors. There is no attempt to audit, review or verify the accuracy or completeness of information. There is a disclaimer indicating that the report may not be appropriate for other purposes. Every page has "Unaudited - see Notice to Reader".

We provide tax planning in the form of tax avoidance. Tax planning is a legal method of tax avoidance and our tax firm can guide you with the tax laws , and deductions that will help our clients pay the lowest tax possible.We work with you on a one to one basis and recommend the best possible tax planning advise to minimize taxes for individuals, business owners and investors. It is important for tax planning to be done in the beginning of the fiscal year and not at the time of filing annual taxes as there are practices that could help reduce your tax burden at year end to keep more money in your pocket. Some of our services include:

Corporate Tax Planning
Personal Tax Planning
Non Resident Tax Planning
Real Estate Tax Planning
Preparation of Tax Opinions