Calgary Tax Consulting provides professional income tax review services in Calgary for individuals, self employed professionals, and businesses across The Beltline, Bridgeland, Mission, Panorama Hills, and Evergreen. Our Calgary CPA team reviews your T1 personal income tax returns and T2 corporate returns for filing errors, missed deductions, and CRA compliance risks before they cost you.
The cornerstone of CTC’s tax planning is dependent on having a solid understanding of where you have been, where you’re at, and where you are planning to go.
By reviewing your prior year’s tax returns, notice of assessment, and financial statements we establish a framework that allows us to begin the process of moving both you and your company into the least taxable position possible.
Most Calgary residents and business owners file their income tax returns believing everything is correct. The reality is that missed deductions, incorrectly claimed credits, unreported foreign income, and simple data entry errors are far more common than most people realize. A single error on your T1 general income tax return or T2 corporation income tax return can trigger a CRA reassessment, arrears interest charges, or in serious cases a full tax audit in Calgary that takes months to resolve.
A professional income tax review accountant in Calgary goes through your return line by line before the CRA ever sees it. Every T4 statement of remuneration, T5 investment income slip, T3 trust income allocation, and T2125 business income report gets checked against your actual financial records to confirm accuracy and completeness. If something is off, it gets corrected before it becomes a problem.
Beyond catching errors, a personal tax accountant in Calgary also identifies what you missed. The Disability Tax Credit at a base amount of $9,428, medical expenses exceeding 3% of your net income, charitable donation credits at 15% on the first $200 and 29% on the remainder, RRSP contributions that reduce your taxable income dollar for dollar, and Alberta specific credits like the Alberta Family Employment Tax Credit are all deductions and credits that get overlooked every year by Calgarians filing on their own.
Calgary Tax Consulting serves individuals and businesses across Calgary including The Beltline, Bridgeland, Mission, Panorama Hills, and Evergreen, providing income tax review services that protect your finances, reduce your CRA exposure, and put more money back where it belongs.
An income tax review in Calgary covers every component of your filed or ready to file return, not just the headline numbers. At Calgary Tax Consulting, our Chartered Professional Accountants conduct a structured review of your complete tax file, cross referencing every slip, schedule, and supporting document against your actual financial activity to confirm nothing is missing, overstated, or sitting in a position that invites CRA scrutiny.
For personal income tax returns, the review covers T4 employment income, T5 investment income, T3 trust income allocations, RRSP contribution receipts, rental income, and capital gains on Schedule 3. Self employed individuals get a detailed review of T2125 business income reporting, home office expense claims, and vehicle expense calculations. Clients with foreign financial ties receive a full review of T1135 foreign income verification statements, which carry a 10 year reassessment exposure when filed incorrectly or not at all.
For corporate returns, the review covers your T2 corporation income tax return, year end financial statements, GST and HST reconciliation, T4 payroll summaries, and T5018 subcontractor payments. Every deduction claimed and every credit applied gets verified against your supporting documentation before anything is filed or amended.
Calgary Tax Consulting also reviews your Notice of Assessment from prior years against what was originally filed, flags open reassessment windows, and identifies where a tax return amendment or Voluntary Disclosures Program application could recover money or reduce your outstanding tax liability going forward.
Our team includes designated and skilled professionals from CPA Alberta
Our team provides best practices and efficient strategic planning for your business.
We identify and correct errors on your filed T1 or T2 return before the CRA reassesses your account and charges arrears interest on the outstanding balance.
Our Calgary CPA team reviews every slip & schedule to recover missed RRSP contributions, medical expenses, disability tax credits, & Alberta specific deductions you never claimed.
Received a Notice of Assessment or reassessment from the CRA? We review the details, respond on your behalf, and protect your tax position throughout the process.
If you have unreported foreign income, unfiled returns, or T1135 errors, we prepare and submit your VDP application to reduce penalties and resolve your CRA exposure cleanly.
