Personal Tax Preparation Ottawa – Returns Made Easy

The preparation of tax returns is becoming more and more complex by the constant expansion and amendment of the Income Tax Act.  At Ducharme & Associates, we keep up on the ever-changing tax rules and regulations so that you don’t have to.
We provide convenient, accurate, and cost effective tax return preparation to individuals, self-employed, partnerships, small businesses and corporations.  We accurately prepare your return and carefully organize your accounting records to minimize the risks of your tax return being audited.
Our service does not end with the preparation of your income tax return.  We provide you with year-round tax support for every return we do for you.  We help you respond to all CRA inquiries and provide assistance if you are audited at no extra cost.  We keep copies of supporting documents in our office, so we are able to respond quickly and accurately to CRA’s request for documents and send you a copy for your records.
Filing deadlines and penalties and interests
Employed Individuals:
Personal tax returns are due on or before April 30th of every year.  Balance owing is due on or before April 30th of every year.  A late filing penalty of 5% + 1% will apply to all outstanding balances owing.  Repeated failure to file a personal tax return will result in a late filing penalty of 10% + 2% on all outstanding balances owing.  Interest on all outstanding balances owing will be computed at the prescribed rate from the day on which the amount was required to be paid to the day payment is received by CRA.
Self-Employed Individuals:
Personal tax returns for sole proprietorships, partnerships and limited partnerships are due on or before June 15th of every year.  Balance owing is due on or before April 30th of every year.  A late filing penalty of 5% + 1% will apply to all outstanding balances owing.  Repeated failure to file a personal tax return will result in a late filing penalty of 10% + 2% on all outstanding balances owing.  Interest on all outstanding balances owing will be computed at the prescribed rate from the day on which the amount was required to be paid to the day payment is received by CRA.