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iB Accounting & Tax Services Areas of specialization

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Instead of hiring an inhouse accountant, you can hire us to do the same task for a fraction of the cost of hiring a full-time accountant. That includes recording business transactions, managing A/P, A/R, payroll, government filing and remittances such as HST, WSIB and EHT.

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We always seek to get you the highest possible tax saving leaving you with more of your hard-earned profits.

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 Using our payroll services will prepare your company to never miss deadlines or issue inaccurate payroll taxes.

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Have a full analysis of your life and business to get you read to pay less in taxes legally

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Maintaining good books will save you money in the long run and help you understand your business.

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 Filing due dates for 2023 tax  returns

 

  • Your return for 2023 has to be filed on or before April 30, 2024.

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  • If you or your spouse or common-law partner carried on a business in 2023, your return for 2023 has to be filed on or before June 15, 2024. However, if you have a balance owing for 2023, you have to pay it on or before April 30, 2024.

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  • NOTE: If you do not file your return on time, your goods and services tax/harmonized sales tax (including any related provincial credits), Canada child benefit payments (including related provincial or territorial payments), and/or old age security benefit payments may be delayed or stopped.

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Additional Tax Services

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  • Accounting Training

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  • Advisory​

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  • Incorporating New Businesses

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  • Dissolving Existing Businesses

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  • Non-resident Tax Returns 

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  • US Tax Returns

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Frequently Asked Questions

How to change a return?

You can request a change to your tax return by amending specific line(s) of your return. Do not file another return for that year. You can request a change to your tax return by amending specific line(s) of your return. Do not file another return for that year. At IB TAX we can help you make the necessary changes to your previously submitted tax returns.

What if I don't have all my tax information slips?

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Slips are prepared by your employer, payer, or administrator. You should have received most of your slips and receipts by the end of February. However, T3, and T5013 slips do not have to be sent before the end of March. If you are missing tax slips, please let us know and we will obtain the missing information from the CRA represent a client portal.

What's new for 2024 tax filing (2023 tax returns)?

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​- New federal tax brackets

- No more flat-rate method for home office deductions

- No more staycation tax credit

- EI premium rate hike

- CPP maximum contribution have been increased 

- New OAS limit amount

- Basic personal amount increase

- RRSP dollar limit increase

- TFSA dollar limit increase

- New grocery rebate

- Canadian dental care plan

- Tradespeople maximum deduction has increase

 

Testimonials

Medical Centre: "Very professional, knowledgeable and personable. Working with IB Accounting & Tax gives me the peace of mind that my accounting and taxes will be done accurately and with great integrity".
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Nadine: "IB Accounting & Tax helped me to get all my taxes in order. Their service was tailored to my needs"
 
Mr. Siave: "Very accommodating, reliable, trusted and always available to answer questions. Just great"
 
Alex: "Dropped off my tax paperwork in the morning and my tax return was ready by the end of the day. Very efficient"
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