At IKON Accounting & Tax, we understand that personal taxes are as important as business taxes. We offer diverse tax services for both individuals and businesses, ensuring maximum deductions while complying with tax laws. Our expert team stays updated on tax code changes for efficient and accurate personal tax filings. We emphasize understanding your financial situation to meet your financial goals. Additionally, we provide strategic personal financial planning for asset management, retirement preparation, and optimizing finances. We are dedicated to supporting your personal financial journey alongside your business aspirations, simplifying your tax responsibilities and enhancing your financial wellbeing.
Personal & Business Tax Filing
Filing taxes correctly is essential to staying compliant with the Canada Revenue Agency (CRA) while maximizing your tax savings. Whether you're an individual, self-employed, or a business owner, we ensure your tax returns are accurate, optimized, and filed on time.
What We Offer:
Personal Income Tax (T1 Returns) – Maximize deductions, claim tax credits, and file accurately.
Self-Employed & Freelancers – Specialized tax solutions for sole proprietors and contractors.
Corporate Tax (T2 Returns) – Maximize tax-saving strategies for businesses of all sizes.
GST/HST & Business Tax Compliance – Stay on top of remittances and avoid penalties.
Overdue Tax Returns & CRA Compliance
Missed a tax deadline? Owe back taxes? Facing CRA penalties? We specialize in resolving overdue tax filings and helping clients regain compliance with the CRA.
What We Offer:
Filing Late Tax Returns – Catch up on missed filings with expert guidance.
CRA Voluntary Disclosure Program (VDP) – Reduce penalties on unpaid taxes.
Negotiating with CRA – Set up manageable payment plans for outstanding tax debts.
Tax Relief Assistance – Explore options for reducing penalties and interest.
Bookkeeping & Payroll Management
Accurate financial records and payroll management are essential for businesses to stay compliant and operate efficiently. We ensure your books are in order so you can focus on growing your business.
What We Offer:
Bookkeeping & Financial Reporting – Organized records, income tracking, and expense management.
Payroll Processing – Timely payroll for employees, including tax deductions & remittances.
Government Remittances – CPP, EI, WSIB, and income tax reporting.
HST/GST Filing Assistance – Stay compliant with accurate tax remittances.
Business Incorporation & Structuring
Starting a business? Incorporating your company can offer tax benefits, liability protection, and credibility. We help with business registration, structuring, and tax planning.
What We Offer:
Business Registration (Federal & Provincial) – Get your company legally set up.
Incorporation Assistance – Choose the right business structure for tax savings.
Tax Planning for New Businesses – Optimize your structure to reduce taxes.
Corporate Minute Book & Compliance – Maintain legal documentation for CRA compliance.
HST & WSIB Filing Services
Businesses must accurately file and remit Harmonized Sales Tax (HST) and comply with Workplace Safety & Insurance Board (WSIB) requirements. We handle the process to keep your business compliant and penalty-free.
What We Offer:
HST/GST Registration & Filing – File correctly and claim eligible tax credits.
WSIB Registration & Reporting – Stay compliant with employee safety regulations.
Tax Remittance Compliance – Ensure your payments are accurate and on time.
Audit Assistance – Guidance through CRA and WSIB audits.