Bannons Taxx

Bannons Taxx Since 1979, Bannons Taxx has been Smith Falls' trusted tax & accounting partner. Your taxes, made simple. 💼📊

For 45+ years, we’ve helped 1,500+ customers yearly maximize refunds & minimize stress.

Tax season doesn’t have to be stressful. Imagine having experts who take the burden off your shoulders and make sure eve...
03/24/2025

Tax season doesn’t have to be stressful. Imagine having experts who take the burden off your shoulders and make sure everything is in order. With a little help, you can avoid all the headaches that come with tax filing. Why spend time worrying about the details when you can focus on what really matters?

With the right guidance, your tax experience can be smooth, easy, and even more beneficial than you thought. Take the first step towards a simpler tax season — and let someone else handle the rest.

When your tax refund isn’t quite enough for a new car, but it’s perfect for that much-needed takeout 🍕💸. But what if you...
03/20/2025

When your tax refund isn’t quite enough for a new car, but it’s perfect for that much-needed takeout 🍕💸.

But what if your refund could be more? With the right experts on your side, you could get the most out of your tax filing, without the guesswork. Let Bannons Tax take care of the details, so you can focus on enjoying your well-earned reward.

Federal vs. Provincial Incorporation – Which is Right for Your Business?Deciding how to incorporate your business in Can...
03/19/2025

Federal vs. Provincial Incorporation – Which is Right for Your Business?

Deciding how to incorporate your business in Canada? Here’s what you need to know:

✅ Federal Incorporation (CBCA) allows you to operate across Canada without extra registrations, offers stronger trademark protection, and enhances credibility for national and international business. However, it comes with more regulations and paperwork.

✅ Provincial Incorporation is ideal for businesses operating within one province, offering a simpler registration process. However, it has limited reach outside the province, weaker trademark protection, and may require extra registrations when expanding.

💡 Key Takeaway:
• Go federal if you plan to operate across multiple provinces.
• Go provincial if your business is focused on one region.

Before incorporating, consult a legal or accounting professional to make the right choice for your business. 📞

Dreaming of Your First Home? The FHSA Can Help! 🏡💰The First Home Savings Account (FHSA) is designed to make homeownershi...
03/19/2025

Dreaming of Your First Home? The FHSA Can Help! 🏡💰

The First Home Savings Account (FHSA) is designed to make homeownership more accessible for first-time buyers in Canada. With tax-free contributions and withdrawals, you can save up to $8,000 per year, with a lifetime max of $40,000.

✅ Tax-deductible contributions
✅ Tax-free growth & withdrawals for home purchases
✅ Must be a first-time homebuyer (haven’t owned in the last 4 years)
✅ Funds must be used within 15 years or transferred to an RRSP/RRIF

Start building your down payment today! The sooner you save, the sooner you buy! 🏡💸

Time to File Your Taxes!Your last tax return was submitted on [insert last year’s date]. Stay ahead of the deadline and ...
03/17/2025

Time to File Your Taxes!
Your last tax return was submitted on [insert last year’s date]. Stay ahead of the deadline and claim every dollar you’re owed! 💰📅

Let Bannons Taxx Handle It!
Skip the stress and get expert tax filing with the best refund possible. Book your appointment now! ✅📞

🇨🇦 With U.S. tariffs rising, it’s time to support local and keep your hard-earned money in Canada! File with a trusted C...
03/10/2025

🇨🇦 With U.S. tariffs rising, it’s time to support local and keep your hard-earned money in Canada! File with a trusted Canadian firm and get 20% OFF your tax filing. Let’s keep our economy strong! 💪💸

📢 Switch today & save!
📞 (613) 284-8299 | ✉ [email protected]

🚨 Overpaid for tax filing last year? Don’t let it happen again! We’re offering 20% OFF when you switch to Bannons Taxx. ...
03/10/2025

🚨 Overpaid for tax filing last year? Don’t let it happen again! We’re offering 20% OFF when you switch to Bannons Taxx. Keep more of YOUR money where it belongs—in your pocket! 💰

📢 Make the switch today!
📞 (613) 284-8299 | ✉ [email protected]

💰 First time filing taxes? You might be eligible for a refund! Plus, get 40% OFF when you file with Bannons Taxx. Even w...
03/10/2025

💰 First time filing taxes? You might be eligible for a refund! Plus, get 40% OFF when you file with Bannons Taxx. Even with no income, you could still qualify for benefits! 🎓💸

📅 Schedule your tax filing today!
📞 (613) 284-8299 | ✉ [email protected]

⏳ The earlier you file, the more you save! File your taxes before March 31st and get 20% OFF! Don’t wait until the last ...
03/10/2025

⏳ The earlier you file, the more you save! File your taxes before March 31st and get 20% OFF! Don’t wait until the last minute—secure your spot today. 📢

📢 Book your appointment now!
📞 (613) 284-8299 | ✉ [email protected]

🚨 Major CRA Changes for 2024 – What You Need to Know! 🚨The Canada Revenue Agency has rolled out significant updates for ...
03/10/2025

🚨 Major CRA Changes for 2024 – What You Need to Know! 🚨

The Canada Revenue Agency has rolled out significant updates for 2024, impacting homeowners, businesses, volunteers, and taxpayers. Here are some key changes:

📌 Short-Term Rentals: Expenses for non-compliant rentals are no longer deductible. Get compliant by Dec 31, 2024, to retain deductions!

📌 Digital Platform Reporting: Platforms like Airbnb & Uber must report seller income to CRA by Jan 31, 2025.

📌 Home Buyers’ Plan: The withdrawal limit increases to $60,000 (from $35,000) after April 16, 2024. Repayment relief extended by three years for withdrawals between 2022-2025.

📌 Capital Gains Inclusion Rate: For gains above $250,000, the inclusion rate rises from 50% to 66.67% starting Jan 1, 2026.

📌 Volunteer Firefighter & S&R Tax Credit: Doubled to $6,000, with a max tax relief of $900 for 2024 onward.

📌 Alternative Minimum Tax (AMT): Rate increased from 15% to 20.5%, and the exemption threshold jumps to $173,205.

📌 COVID-19 Benefit Repayments: If you repaid COVID-19 benefits in 2024, you can deduct the repayment on your 2024 tax return.

📌 Underused Housing Tax (UHT): If you are neither a citizen nor a permanent resident, you may have new tax filing obligations.

📌 Charitable Donations Deadline Extended: Contributions made until Feb 28, 2025, can be claimed for the 2024 tax year.

🗓️ Key Tax Deadlines for 2025:
✔️ RRSP Contributions: March 3, 2025
✔️ Personal Tax Filing: April 30, 2025
✔️ Self-Employed Tax Filing: June 16, 2025

🔍 Stay compliant and plan ahead! Need expert advice? Bannons Taxx is here to help you navigate these updates and maximize your returns! 📩💼

💰 Another Happy Client = Another BIG Refund! 💰We’ve helped thousands of Canadians save money on taxes.📌 Maximize Your Re...
03/05/2025

💰 Another Happy Client = Another BIG Refund! 💰

We’ve helped thousands of Canadians save money on taxes.
📌 Maximize Your Refund & File Hassle-Free!
🎁 Book Your FREE Consultation Today!

🚨 Filing Taxes Alone? You Could Be Losing Money!❌ Missed deductions = Smaller Refund❌ Errors = Costly Penalties❌ Filing ...
03/05/2025

🚨 Filing Taxes Alone? You Could Be Losing Money!

❌ Missed deductions = Smaller Refund
❌ Errors = Costly Penalties
❌ Filing Late = Late Fees

✅ Let Bannons Taxx handle it for you!
FREE Consultation – Limited Spots!

📞 Need tax planning advice? Contact us today!
📧 [email protected] | 📞 (613) 284-8299

Address

25 Main Street W
Smiths Falls, ON
K7A1M4

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

Telephone

+16132848299

Website

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