Services

Professional Tax Preparation Services

First Choice Tax Services helps you stay within the purview of tax laws of Canada. We offer personal income tax, audits, and tax planning services. Based out of Nanaimo, British Columbia, we have decades of experience working with a wide range of clientele. Our services are competitively rated.

First Choice Tax Services

Personal Income Tax Covers

Personal income tax includes:

  • Anyone Gainfully Employed.
  • Students With Little or No Income and Tuition Credits.
  • Young Adults With No Income That Qualify for GST/HST Rebate Cheques.
  • Senior Citizens With Pension and/or Investment Income.
  • Self-employed Individuals, Running a Sole Proprietorship.
  • Unincorporated Partnerships.
  • Individuals With Rental Income (Houses, Condos, or Suites).

Tax Returns for Your Entire Family

In some of the above-noted cases, it is often beneficial if we complete the tax returns for the entire family. Canada Revenue allows certain unused credits to be transferred to dependents and/or spouses.

Completing the tax returns together helps us identify and transfer these credits most effectively for both parties involved. It is of utmost importance and your responsibility to provide your client with all the necessary slips and accurate information required by Revenue Canada.

First Choice Tax Services

Fast & Accurate Services

Our tax specialists are fast, accurate, and will work with you to get the best return possible. The income included in personal tax returns:

  • Employment Income (T4)
  • Pension, Annuities, Scholarships, Self-employment, RRSP Withdrawals, Etc. (T4A)
  • CPP and OAS Pensions, Death Benefit (T4AP & T4AOAS)
  • Investment, Securities, and Capital Gains (T3, T5, T5008)
  • Work Safe, Disability, & Government Income (T5007)
  • Self-employed Professional Income, Business Income, Contractor or Subcontractor, & Fishing Income
  • Rental Income
  • Any Other Taxable Income Received Personally

Post Assessments

Canada Revenue Agency regularly conducts post assessments for more information to confirm what has been filed on your tax return. If CRA selects you, we will be ready to help.

First Choice Tax Services

Tax Planning

The best way to reduce your annual tax bill is to plan. We are happy to work with you to help minimize your taxes. Below are some of the most common areas of planning:

  • RRSP Calculations.
  • Tax-free Savings Accounts.
  • Dividends Vs. Interest Income.
  • Pension Income Splitting.
  • Employment Expenses.
  • Rental Income and Expenses.
  • Self-employed Income and Expenses.
  • Life-long Learning Plan.
  • First Time Home Buyers.
  • RESPs.
  • RRSP Calculations.
  • Tax-free Savings Accounts.
  • Dividends Vs. Interest Income.
  • Pension Income Splitting.
  • Employment Expenses.
  • Rental Income and Expenses.
  • Self-employed Income and Expenses.
  • Life-long Learning Plan.
  • First Time Home Buyers.
  • RESPs.
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