Personal Accounting

Personal Accounting

At CPCM & Co LLP, we understand the importance of managing your personal finances with precision and care.

Our dedicated team of experienced professionals is committed to providing comprehensive personal accounting services tailored to meet your unique needs. Whether you are seeking assistance with investment implications, tax preparation or advice on major financial decisions, we have the expertise to guide and assist you through these processes while also preparing all tax documents required by the Canada Revenue Agency. Our team at CPCM & Co LLP ensures accuracy and compliance for our clients’ personal accounting needs so that they can confidently navigate their financial landscapes with peace of mind.

Personal tax services provided include:

1. Tax Preparation: assisting individuals in preparing and filing their annual tax returns. No matter your tax situation, employee, sole proprietor, rental property, investment income, employment expenses, foreign holdings reporting.
2. Tax Planning: develop tax strategies to minimize their tax liabilities and maximize their tax savings. This may involve identifying tax deductions and credits, timing income and deductions, and structuring investments in a tax-efficient manner.
3. Tax Compliance: ensure individuals comply with tax laws and regulations by staying up-to-date with changes in tax legislation and advising on any new requirements or obligations. They also assist in responding to tax notices or inquiries from tax authorities.
4. Estate and Succession Planning: provide guidance on estate planning strategies to minimize estate taxes and ensure the smooth transfer of assets to beneficiaries. We can help in the creation of wills, establishment of trusts, or implement other estate planning vehicles.
5. Retirement Planning: assist individuals in planning for their retirement by analyzing retirement savings options, such as RRSPs (Registered Retirement Savings Plans) and TFSAs (Tax-Free Savings Accounts), and estimating retirement income needs.
6. CRA Review and Audit Representation: In the event of a tax audit or examination by tax authorities, we can represent individuals and provide support throughout the audit process. We will communicate with tax authorities on behalf of clients and prepare responses to audit inquiries.
7. Tax Credits and Deductions: help individuals identify and claim eligible tax credits and deductions to reduce their tax liabilities. This may include credits for education expenses, medical expenses, charitable donations, childcare and other expenses.

We offer a comprehensive range of personal tax services tailored to the individual needs and circumstances of our clients, helping them navigate the tax system and achieve their financial goals.