Solid Tax Inc.
1390 Prince of Wales Dr Suite 107 K2C 3N6 Ottawa, ON, Canada

Some people have the misconception that theyre due for a tax refund at the end of every year So naturally those individuals would expect a sum of money by the end of the year However, as employment changes, they may realize that this is not neccessarily true... In reality, every employer is different on how much income tax is charged on each pay cheque, so even if you are paying taxes on your pay, you may not be paying the right % The rule of thumb is, if youre paying less taxes than your marginal tax rate on your pay, you'll be owing, and if you're paying more taxes than your marginal tax rate, then you get a refund Essentially, if you're getting a refund, you're only getting the amount you overpaid during the year back This also doesn't take into account other tax deductible factors like medical expense, RRSP, donations, etc. At Solid Tax we try to offer as much general knowledge to Canadians as possible. If you have other questions, please book an appointment using the link in the bio

Happy hump day everyone! It's important to have fun with what your doing, so here's one that some people may be able to relate to. "Here's to hoping your tax refund is greater than the cost of hiring an accountant" ... The reality is, everyone's tax returns are different depending on their employment and financial activities. Some individuals may have huge amounts of taxes owing to the CRA, while still paying hundreds of dollars for an accountant. That's why we try to make sure that even if you're owing, we are providing you with all the answers to your questions while charging you a reasonable rate for our services and not burying you in deeper debt! Book your free 10-min consultation using the link in the bio #Canadian #canada #Canada #taxes2020 #taxreturn #taxservice #tax #ottawa #latetaxes

Just a friendly reminder that if you log into your CRA account, there's a section to claim any uncashed cheques that may have been unclaimed in the past years! This may include: -GST Credits -Ontario Trillium Benefit... -Income tax refunds -Canada Child Benefit -CRA adjustments Usually when people move, their address may not be updated with CRA, and if you were not registered with direct deposit with the CRA, these cheques may have been sent to your previous residency. You can check this if you have a CRA My Account registered. However, I've had many clients call in to ask how to register for one, and the number one issue is not having their net income information readily available when asked to provide this information during the online registration. Additionally, you can check amounts owing, upcoming benefits payment (OTB, Canada Child Benefit, GST return , etc). Most importantly, you have access to all your notice assessments, so you can get approved for a mortgage! This is why it's extremely crucial to stay on top of your taxes! Solid Tax offers a competitive rate for filing taxes. Our base rate is $30+HST per person per year! The base price also includes a free consultation! Book your appointment using the link in the bio!

At Solid Tax we've always been having good success with efiling . It helps make filing taxes efficient and accurate . In addition to the benefits stated above, when we file your personal tax returns, we make sure that everything you report matches what's on the CRA system, so CRA won't hound you down to prove your T-slips. ... . This also ensures we avoid any human errors involved in manually entering your T4 and your other T-slips . When you do taxes with us, in most scenarios we don't require you to provide us with T4s or other T-slips, we can help you get those! . Furthermore, we care about the well-being of our clients during this pandemic. Therefore, we offer phone appointments and phone consultations. It's easy, convenient, and saves time on commuting. We can get all your taxes done on the phone! . Book using the link in the bio . . #Canadian #Canada #ottawa #Ontario #taxes #CERB #backtaxes #taxreturn #taxes2020 #taxservice #tax #covid19 #coronavirus #2020 @ Ottawa, Ontario See more

With the current COVID19 situation, I would like to give some basic information on the CERB. . CERB is the Canada Emergency Response Benefit created to supplement and aid people who have lost their income. Here's how it will impact your taxes and how you can prepare for it. . There are a few places you can set aside your money to prepare for 2020 income taxes in terms of CERB payments... . 1. TFSA account (tax free savings account) - any capital gains and withdrawals will have no tax implications. 2. RRSP (Registered Retirement Savings Plan) - you will get tax deductions on your taxes if your contribute, however if you withdraw from this account you'll also be taxed. 3. Simply setting aside the CERB taxed amount each time you receive your payment. See post for how. . With the COVID19 situation happening, we can still get your taxes done efficiently without having to go out. Stay safe. . Book your free phone appointment and consult using the link in the bio . . #canadaemergencyresponsebenefit #covid19 #ottawa #ontario #canada #canada #taxes #taxreturn #2020 #backtaxes See more