Personalized Tax Solutions for Individuals
At Continental Prime Accounting, we specialize in helping individuals navigate their personal taxes with ease and confidence. From tax return preparation to resolving tax challenges, we ensure you maximize your benefits and stay compliant with tax regulations. Our goal is to simplify the process and provide expert guidance tailored to your financial situation.
- Tax Return
- Accounting Consulting
- Tax Problems
- Benefits and Assistance
Our Services
Tax Return Preparation & Consulting
We handle the preparation and filing of individual tax returns, ensuring compliance with tax laws while maximizing deductions and credits. Our tax consulting services help you plan strategically, including optimizing RRSP contributions, claiming eligible tax credits, and minimizing liabilities, so you can make the most of your tax return.
Tax Disputes, CRA Reviews & Appeals
If you’re facing tax issues such as late filings, audits, tax disputes, or compliance concerns, we can assist in resolving them efficiently. The CRA may also request additional documentation to verify the information on your tax return. If you receive a Review Letter from the audit department, we can act on your behalf to provide the necessary clarifications and supporting documents.
For individuals needing to challenge a CRA decision, we provide assistance with Notices of Objection to dispute unfair tax assessments.
Voluntary Disclosure Program (VDP)
If you failed to report all your income on past personal tax returns, we can help you correct this issue through the Voluntary Disclosure Program (VDP). This program allows individuals to voluntarily come forward to fix tax filing errors before the CRA contacts them, potentially reducing penalties and interest.
Additionally, if you held more than CAD 100,000 in foreign assets and did not report it to the CRA, you may face penalties of up to CAD 2,500 per year for each unfiled year. We assist in navigating this process to ensure compliance and minimize financial consequences.
Government Benefits & Assistance
We help individuals understand and access various benefits, including the Canada Child Benefit (CCB), GST/HST credits, and other government assistance programs. Our expertise ensures you receive the support you’re entitled to, enhancing your financial security.