AccNet Accounting Network Inc.

01/01/2024

We wish all our valued clients and members a joyous and successful journey ahead of 2024.

Here's to achieving new milestones together in 2024! 🎉

05/13/2022

If you're self-employed and haven't yet submitted your tax return, we're here to assist.

The deadline for submitting your tax return is June 15th of this year.

Visit our website www.accnetinc.com to book an appointment with us.

04/16/2022

We apologize profusely for the inconvenience.

Email us your documents at [email protected] with proper details.

04/14/2022

𝐈𝐧𝐜𝐨𝐦𝐞 𝐭𝐚𝐱 𝐢𝐧 𝐂𝐚𝐧𝐚𝐝𝐚

In Canada, income tax is administered by the Canada Revenue Agency (CRA). The Canadian income tax year is from January 1 to December 31. If you owe income tax, you must pay it by April 30 for the previous calendar year. Late submissions are accepted, but there may be a penalty.
If you are employed in Canada, your employer will deduct income tax from your wages and send this money to the CRA. In order to deduct the proper amount of income tax from your wages, your employer will ask you to complete the form TD–1. Employers will deduct an amount from each paycheque for Canada Pension Plan (CPP) and Employment Insurance (EI).

𝐖𝐡𝐚𝐭 𝐲𝐨𝐮 𝐧𝐞𝐞𝐝 𝐭𝐨 𝐟𝐢𝐥𝐞 𝐚 𝐭𝐚𝐱 𝐫𝐞𝐭𝐮𝐫𝐧?

To file a Canadian tax return, you need either:
a Social Insurance Number (SIN),
OR an Individual Tax Number (ITN)
As soon as you get a SIN or ITN, enter it in your SSC account of the university profile so that the university can provide the government with accurate information for your taxes.
If you have either of these numbers but it expired and you are not currently employed, you can use the expired number for filing taxes.

𝐈𝐧𝐝𝐢𝐯𝐢𝐝𝐮𝐚𝐥 𝐓𝐚𝐱 𝐍𝐮𝐦𝐛𝐞𝐫 (𝐈𝐓𝐍)
Do not apply for an ITN past February as it can take a month or more. You can send your ITN application together with the tax return to the same address specified on your ITN form.

Additional supporting documents when filing your taxes
T4
Employment income and deductions. You should receive your T4 from your employer.
T4A
Scholarships and bursaries.
General Tax Forms
Available online and at all Canada Post offices

𝐀𝐩𝐩𝐥𝐲 𝐟𝐨𝐫 𝐭𝐚𝐱 𝐝𝐞𝐝𝐮𝐜𝐭𝐢𝐨𝐧𝐬

You may be eligible to deduct certain expenses from your tax payments. Moving expenses such as transportation and storage of personal effects, travel, and temporary accommodation may be considered eligible deductions. Save your receipts for the cost of relocating to Canada. However, you cannot deduct moving expenses if your only income at the new location is scholarship, fellowship, or bursary income that is entirely exempt from tax under the current legislation.
You may also deduct childcare expenses, Registered Retirement Savings Plan (RRSP) contributions, and union dues.

𝐇𝐨𝐰 𝐭𝐨 𝐟𝐢𝐥𝐞 𝐲𝐨𝐮𝐫 𝐭𝐚𝐱𝐞𝐬

Visit our website www.accnetinc.com or email us at [email protected] if you need help from a tax expert to file your tax return.
Register into our platform for free at www.accnetonline.com and submit us your documents and we will help you to file your 2021 tax return.

Are you looking for an experienced accountant to assist you with filing your tax return this year? Visit our website to file your tax return.

04/13/2022

Join our platform for free and upload your papers.
While you sleep, we'll take care of your taxes.
Visit www.accnetonline.com

04/12/2022

𝙔𝙤𝙪 𝙨𝙩𝙞𝙡𝙡 𝙝𝙖𝙫𝙚𝙣'𝙩 𝙛𝙞𝙡𝙡𝙚𝙙 𝙤𝙪𝙩 𝙮𝙤𝙪𝙧 𝙩𝙖𝙭 𝙧𝙚𝙩𝙪𝙧𝙣.

𝘾𝙍𝘼 𝙬𝙞𝙡𝙡 𝙣𝙚𝙫𝙚𝙧 𝙘𝙤𝙢𝙚 𝙩𝙤 𝙮𝙤𝙪𝙧 𝙝𝙤𝙪𝙨𝙚 𝙖𝙣𝙙 𝙖𝙨𝙠 𝙮𝙤𝙪 𝙩𝙤 𝙛𝙞𝙡𝙚 𝙮𝙤𝙪𝙧 𝙩𝙖𝙭 𝙧𝙚𝙩𝙪𝙧𝙣.

Visit our website www.accnetinc.com to know more about tax filing.

www.accnetonline.com - Use our secure platform to submit your documents.