SMG Consultants provides bookkeeping, accounting, and tax services through a team of certified Accounting & Tax professionals
At SMG Consultants, we understand that the Canadian tax system can be complex and overwhelming. Whether you’re an individual taxpayer, a small business owner, or a large multinational corporation, having the right guidance is crucial for ensuring compliance and maximizing financial outcomes.
Our comprehensive suite of Canadian tax services is designed to address every aspect of your tax needs, providing you with the expertise and support you need to navigate the intricacies of the system
Income Tax is a tax on individual or business earnings.
Non-Profit Tax (T3) files trusts’ tax returns.
T5 Slips report investment income to the government.
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Harmonized Tax combines provincial sales taxes.
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Personal Income Tax (T1) is an individual’s annual tax return.
T4 Slips report employee earnings and taxes withheld.
GST is a federal tax on most goods and services.
QST is a provincial tax on goods and services in Québec.
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Corporate Tax (T2) is a company’s annual tax return.
T4A Slips report income from pensions, self-employment.
PST is a provincial tax on goods and services.
Payroll Tax is charged on employee wages.
This tax is imposed on the income earned by individuals from various sources, including employment, investments, and business ventures. The tax rates are progressive, meaning they rise as income levels increase. Individuals are required to file an annual tax return to report their income and determine their tax liability.
This tax applies to Canadian businesses, taxing their profits. The rates differ at both the federal and provincial levels, and companies are required to submit annual tax returns to report their earnings and calculate their tax obligations.
This tax applies to registered non-profit organizations, taxing their income. While non-profits may qualify for tax-exempt status, they are still obligated to file annual tax returns and comply with reporting requirements to maintain their exemption.
This document outlines the annual employment income, deductions, and taxes withheld for Canadian employees, playing a vital role in ensuring accurate personal income tax filing.
This document details various non-employment income sources, such as pensions and scholarships, which are essential for accurate reporting on tax returns.
The Goods and Services Tax (GST) is a federal tax of 5% applied to most goods and services sold in Canada. Businesses are responsible for collecting and remitting the tax, while consumers pay it at the time of purchase.
The Provincial Sales Tax (PST) is applied to specific goods and services sold in certain provinces. The rates and regulations differ by province, and businesses are responsible for collecting and remitting the tax to the respective provincial governments.
This sales tax, covering most goods and services, is a blend of federal and provincial taxes, applicable in certain regions of Canada
Deductions from employee wages for the Canada Pension Plan (CPP), Employment Insurance (EI), and income tax are mandatory. Employers are responsible for managing these deductions and remitting them to the Canada Revenue Agency (CRA) on behalf of their employees.
This summary covers investment income, including dividends and interest, which is vital for accurately reporting investment earnings on tax returns
Deductions from employee wages for the Canada Pension Plan (CPP), Employment Insurance (EI), and income tax are mandatory. Employers are responsible for managing these deductions and remitting them to the Canada Revenue Agency (CRA) on behalf of their employees.
At SMG Consultants, our industry knowledge powers accurate and dependable financial solutions for businesses in every sector
Real Estate & Construction
Accounting, Tax, and CPAs
Ecommerce and Retail
Non-Profits
Law Firms Consultants
Medical & Healthcare
Hospitality & Restaurants
Startups
Branding & Marketing
Education,Coaching Training
IT & SaaS
Logistics & Shipping
Dealing with Canadian taxes doesn’t have to be difficult. Rely on our expertise to handle your tax needs, whether individual or business-related
Navigate Canadian Tax with expert help and guidance.
Our team efficiently manages tax matters, and we are available 24/7 for help and support.
We leverage latest software and tools for accurate and efficient tax filing and management.
Our tailored Canadian taxation services can get you what is needed for your business.
Struggling With Canada Tax Filings?
More returns and less liabilities with strategic financial planning
Let our professional tax experts handle your taxation matters.
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We try to save your time so you can take care of core business.
Enjoy peace of mind by letting tax experts handle your tax matters.
Get personalized advice to take advantage of tax saving opportunities
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SMG Consultants delivers bookkeeping, accounting, and tax services via certified experts, serving clients in the US, UK, Canada, and India using leading accounting software.
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