Frequently Asked Questions

Kara Van Slyke Accounting provides personal tax returns, small business tax returns, corporate tax returns, monthly bookkeeping, and other filing services. The right service will depend on your personal circumstances, business structure, records, and filing requirements.

Yes. Tax preparation services are available for individuals, small business owners, and corporations. Kara can help identify the type of return you need, the information required, and the next steps for completing your filing.

Yes. Monthly bookkeeping services are available for businesses that need ongoing help organizing transactions and maintaining accurate financial records. Keeping your books current can also make year-end tax preparation and other filing requirements easier to manage.

The client portal gives clients one convenient place to review document requests, upload files, access documents shared by Kara, and keep track of outstanding items. Portal access may be created after you begin working with Kara Van Slyke Accounting.

Kara may create a client portal account for you after you begin working together. Once your account is ready, you will receive instructions for signing in and accessing your portal.

Yes. Clients with portal access can upload tax slips, receipts, bank statements, expense records, bookkeeping documents, and other requested files. Using the portal helps keep documents organized and avoids sending sensitive financial information through regular email.

The documents required will depend on the service you need and your individual tax or business situation. Common documents may include tax slips, receipts, income records, expense records, bank or credit card statements, previous tax information, and documents supporting deductions or credits. Kara will let you know which documents are needed for your specific service.

Pricing depends on the type of service, the complexity of the work, and the condition of the records provided. Contact Kara Van Slyke Accounting to discuss the work you need and receive more information about pricing.

Contact Kara Van Slyke Accounting and provide a brief overview of the tax, bookkeeping, or filing service you need. Kara can then explain the next steps, the information you will need to provide, and how your documents can be submitted.

For most individuals, the deadline to file a personal income tax return and pay any balance owing is April 30 of the following year. For example, a return for one calendar year is generally due by April 30 of the next year. Review the CRA personal income tax deadlines for current information.

Generally, if you or your spouse or common-law partner carried on a business, the personal tax return filing deadline is June 15. However, any balance owing is still generally due by April 30. Review the CRA filing deadline guidance for current details.

When a CRA deadline falls on a Saturday, Sunday, or public holiday recognized by the CRA, a return or payment is generally considered on time when it is received or postmarked by the next business day. The CRA explains this rule in its tax filing deadline guidance.

No. Filing and payment deadlines can be different. A common example is a self-employed person who generally has until June 15 to file but must still pay any personal tax balance by April 30. Corporate tax returns also have separate filing and payment deadlines. Review the CRA due dates and payment dates for current details.

Ontario residents generally report their federal and provincial taxes together on one income tax and benefit return. Ontario-specific forms are used to calculate applicable provincial taxes, credits, and benefits. The required forms are included in the Ontario income tax package.

A corporation generally must file its T2 corporate income tax return within six months of the end of its tax year. The corporation’s tax year is based on its fiscal period and may not end on December 31. The CRA provides examples on its corporate filing deadline page.

A corporation’s tax payment is generally due before its corporate return must be filed. The balance is normally due two months after the corporation’s tax year ends, although some qualifying Canadian-controlled private corporations may have three months to pay. Review the CRA guidance on corporate balance-due dates.

GST/HST deadlines depend on whether a business files monthly, quarterly, or annually. Monthly and quarterly returns and payments are generally due one month after the reporting period ends. Annual filing and payment deadlines can vary based on the business and its fiscal year. See the CRA GST/HST reporting deadlines.

It may still be important to file a tax return even when you had little or no income and do not expect to owe tax. The CRA uses information from annual returns to determine eligibility for refunds, benefits, and credit payments. Review the CRA guidance on who should file a tax return.

You should submit the outstanding return as soon as possible. When you owe tax, filing late may result in a late-filing penalty, and interest may be charged on unpaid amounts after the payment deadline. The CRA explains these charges on its late tax interest and penalties page.

It is generally still better to file your return on time, even if you cannot immediately pay the full amount. Filing on time can help you avoid a late-filing penalty, although interest may continue to apply to the unpaid balance. The CRA also provides information about what happens if a tax debt is not paid.

Do not automatically delay filing your return because a slip is missing. First, try to obtain a copy from the employer, financial institution, or other organization that issued it. Some slips may also be available through your CRA account. If you cannot get the slip before the deadline, the CRA says you may need to estimate the income using available records. Review the CRA guidance on getting missing tax slips.

Yes. A tax return can generally be adjusted after it has been assessed. You may need to request a change if you forgot to report income, received another tax slip, missed a deduction or expense, or entered incorrect information. This applies to both personal tax returns and corporate tax returns. Kara can help prepare and file the adjustment request based on the details of your situation. The CRA outlines the available options for changing a return on its changing a tax return page.

The CRA generally recommends keeping income tax records and supporting documents for at least six years. This includes records supporting income, expenses, deductions, and credits reported on a return. Documents may need to be kept longer in certain circumstances. Read the CRA guidance on how long to keep tax records.