Accounting for Individuals and Businesses in Canada

Accounting for Individuals and Businesses in Canada

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Canada has welcomed hundreds of Brazilians in recent years. According to the “Brazilian Communities in Canada – 2022” survey by the Ministry of Foreign Affairs of Brazil, approximately 130,000 Brazilians live in Canada. Much like in Brazil, Canada has a variety of laws and regulations related to the tax status of individuals and businesses. 

 

To simplify the daily life of Brazilians living in Canada, Real Tax offers a wide range of accounting solutions. Here is a brief summary of the services that can benefit Brazilian residents in Canada.

 

Real Tax’s accounting services are primarily divided into two groups: Individual and Corporate Clients. Below are brief descriptions of the services.

 

INDIVIDUAL CLIENTS

 

● Tax Return

A Tax Return refers to the filing of personal taxes for individuals residing in Canada, typically filed between February and April each year. The process involves evaluating each person’s profile based on documents submitted through Real Tax’s system. After this step, the client will understand whether they owe taxes or are entitled to a refund.

 

● Specialized Accounting Consulting

In addition to preparing your tax return, Real Tax offers accounting consulting services. Choosing the best tax path isn’t always simple, so having professional support can make a significant difference in your personal and professional plans in Canada.

 

● Tax Issues and Resolutions

The last thing anyone wants is to face a problem with the Canadian Revenue Agency (CRA). If you are dealing with tax issues, Real Tax can help resolve matters in compliance with Canadian laws. Our team is experienced in handling tax disputes and is focused on finding solutions to any issues our clients may face.

 

● Benefits and Assistance

There are various benefit programs available to individuals and families living in Canada. Real Tax can help students, professionals, freelancers, and entrepreneurs understand their eligibility for these benefits. We guide you through the application process and assist in determining the best time to apply.

 


BUSINESS CLIENTS

 

● Bookkeeping

Bookkeeping is essential for any business as it involves recording all financial transactions. This task is fundamental to solid accounting and effective financial management. Real Tax offers bookkeeping services to manage all financial records, allowing business owners to focus on running their business efficiently.

 

● Business Incorporation

Setting up a business in Canada requires careful tax planning to ensure the best structure is chosen to optimize the entrepreneur’s investments. Real Tax can guide you in selecting the most suitable business structure for your Canadian company.

 

● Financial Statements

Financial Statements are essential tools for any business, providing a comprehensive overview of financial performance. Real Tax can prepare accurate financial statements to help entrepreneurs make decisions based on the business’s unique situation.

 

● Payroll Management

Managing payroll can be an overwhelming task for many businesses. Real Tax offers payroll management services, ensuring that employees are paid correctly and all tax obligations are met.

 

● Corporate Tax (T2)

The calculation and payment of taxes on business profits are mandatory in Canada. Real Tax specializes in corporate taxes and ensures that businesses comply with all tax obligations effectively and in line with Canadian laws.

 

● Tax Disputes and Appeals

Tax law interpretations or documentation issues can lead to problems with the Canada Revenue Agency. Real Tax provides support for resolving tax disputes and other related issues, ensuring businesses comply with Canadian tax laws.


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Real Tax provides accounting solutions for individuals and businesses established in Canada. In addition to serving the Brazilian community, Real Tax also assists clients from various nationalities. With a multidisciplinary and bilingual team, the company focuses on helping students, professionals, and entrepreneurs navigate the accounting and tax landscape in Canada.

 

Contact us to learn more.

Real Tax Canada – Accounting Solutions for Businesses in Canada
+1 778 319-4489 (WhatsApp)
[email protected]

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