PERSONAL SERVICES

PERSONAL TAX

At Akotax Business Solutions we make sure you receive the maximum refund you are entitled to or pay the least taxes possible when it comes to your personal income tax return. Our services include handling a wide array of personal incomes, including:

• • • 1040 basic income tax returns in the United States
    • Employment Income (T4)
    • Self Employment income
    • Employment Insurance (EI) benefits (T4E)
    • Scholarships, grants or any governmental subsidy (T4A)
    • Investment Income (T3, T5, …)
    • Rental Income
    • Pension and Annuities
    • Capital Gains and Losses
    • Crypto Income
    • Registered Retirement Savings Plan (RRSP) Income
    • Social assistance payments (T5007)

With our expert knowledge of personal tax returns, we know all possible deductions you might be entitled to and make sure they are included in your tax return. Here are some deductions you may be able to claim on your income tax return:

• • • Employment Expenses
    • Self Employment Expenses
    • Moving Expenses
    • Medical Expenses
    • Child Care Expenses
    • Expenses Relating to a Rental Property
    • Registered Retirement Savings Plan Contributions
    • Membership Fees, Union and Professional Dues
    • Legal Fees
    • Disability Support Expenses

Depending on their specific circumstances, Canadian residents can claim multiple tax credits on their personal tax returns. A certified tax accountant at Akotax ensures that you receive the maximum amount of tax credits allowed on your personal income tax return. Tax credits include the following:

• • • Canada Child Benefit
    • GST/HST Credit
    • Provincial Credits (Ontario Trillium Benefits, …)
    • Tuition, Fees and Education Amounts
    • Interest Paid on Student Loans
    • Dependents
    • Caregiver Amounts
    • Canada Worker’s Benefit
    • First-Time Home Buyers’ Tax Credit
    • Spousal Exemption
    • Disability Amounts

SELF-EMPLOYED

Our business solutions can help claim all legal business expenses so your tax owed for self-employment will be reduced to a minimum. Included in these expenses are, but not limited to:

• • • Payroll
    • Auto Expenses
    • Merchant Fees
    • Supplies
    • Advertising
    • Travel Expenses
    • Depreciation Expenses
    • Utility Expense
    • Rental Expenses
    • Accounting Expenses