Our Services

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Claim your Tuition Tax Credit

If you are a student enrolled in a qualifying post-secondary program, you will receive a T2202. This form confirms your eligibility and allows you to claim your tuition tax credit on line 32300.

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Transfer Unused amounts

If you don't use the full amount of your tuition tax credit, you can transfer unused amounts to an eligible parent, grandparent, or spouse on line 32400.

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Scholarship Exemption

If you are a full-time student in a qualifying post-secondary program, you may be eligible to have all scholarship, bursary, and fellowship income exempt from tax on line 13010.

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Net Federal Supplements

If you are a senior who is receiving federal supplements for Old Age Security (OAS), you must file your tax return to continue receiving federal supplements on line 14600.

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Pension Income Amount

If you have elected to split your pension income with your spouse and made a T1032 election, then you may be eligible to claim a non-refundable tax credit of up to $2,000 on line 31400

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RRSP Repayments

If you made repayments to an RRSP through the Homebuyer's Plan (HBP) or Lifelong Learners Plan (LLP), your repayments are deductible on line 20800

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SIN starts with 9

If your Social Insurance Number (SIN) starts with a 9, this indicates you are not a permanent resident. We offer a 30% discount for newcomers and international students who are not permanent residents.

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T1135 Exemption

For your first year in Canada while building residential ties, you are exempt from completing the T1135 - Foreign Income Verification Statement.

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90% Rule

If more than 90% of your income is from a Canadian source, your non-refundable tax credits will not be prorated or reduced.

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Interest Expenses

If you are a landlord who has borrowed funds from a purchase loan or renovation loan to buy or improve a rental property, you may be eligible to claim the interest expenses on line 8710 of the T776

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Vehicle Expenses

If you are a landlord looking to claim Capital Cost Allowance (CCA) on your vehicle, it is important to understand that CCA claimed for rental operations cannot be used to create a loss

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CPP/EI Exemption

Unlike business income, income from a rental property is not subject to CPP/QPP remittance.

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Federal Dividend Tax Credit

If you are an investor who has received eligible dividends from a Canadian corporation you may be entitled to claim the federal dividend tax credit on line 40425

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Royalties

If you are an investor who received royalties from an invention, trademark, patent, or copyright, the income must be reported on line 10400

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Carrying Charges

If you are an investor who paid management fees for safe custody of investments or accounting fees for maintenance of investment records, you may be entitled to claim the fees on line 22100

Claim your Tuition Tax Credit

If you are a student enrolled in a qualifying post-secondary program, you will receive a T2202. This form confirms your eligibility and allows you to claim your tuition tax credit on line 32300.

Money send Icon

Transfer Unused amounts

If you don’t use the full amount of your tuition tax credit, you can transfer unused amounts to an eligible parent, grandparent, or spouse on line 32400.

Scholarship Exemption

If you are a full-time student in a qualifying post-secondary program, you may be eligible to have all scholarship, bursary, and fellowship income exempt from tax on line 13010.

Net Federal Supplements

If you are a senior who is receiving federal supplements for Old Age Security (OAS), you must file your tax return to continue receiving federal supplements on line 14600.

Pension Income Amount

If you have elected to split your pension income with your spouse and made a T1032 election, then you may be eligible to claim a non-refundable tax credit of up to $2,000 on line 31400

RRSP Repayments

If you made repayments to an RRSP through the Homebuyer’s Plan (HBP) or Lifelong Learners Plan (LLP), your repayments are deductible on line 20800

SIN starts with 9

If your Social Insurance Number (SIN) starts with a 9, this indicates you are not a permanent resident. We offer a 30% discount for newcomers and international students who are not permanent residents.

 

T1135 Exemption

For your first year in Canada while building residential ties, you are exempt from completing the T1135 – Foreign Income Verification Statement.

90% Rule

If more than 90% of your income is from a Canadian source, your non-refundable tax credits will not be prorated or reduced.

Money icon

Interest Expenses

If you are a landlord who has borrowed funds from a purchase loan or renovation loan to buy or improve a rental property, you may be eligible to claim the interest expenses on line 8710 of the T776

Vehicle Expenses

If you are a landlord looking to claim Capital Cost Allowance (CCA) on your vehicle, it is important to understand that CCA claimed for rental operations cannot be used to create a loss

Document icon

CPP/EI Exemption

Unlike business income, income from a rental property is not subject to CPP/QPP remittance

Federal Dividend Tax Credit

If you are an investor who has received eligible dividends from a Canadian corporation you may be entitled to claim the federal dividend tax credit on line 40425


Royalties

If you are an investor who received royalties from an invention, trademark, patent, or copyright, the income must be reported on line 10400


Dollar coin icon

Carrying Charges

If you are an investor who paid management fees for safe custody of investments or accounting fees for maintenance of investment records, you may be entitled to claim the fees on line 22100

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1. Tax Situations

We help businesses and individuals navigate the complex world of taxes.

Altruistic Accounting is a dynamic, client-centric tax preparation service dedicated to delivering unparalleled service to meet the unique needs of our clients. Altruism requires a commitment to the welfare of others. Our altruistic doctrine encourages commitment to integrity, stewardship, and altruism. Our client-centric approach ensures tax returns are in compliance with CRA’s administrative policies, and applicable federal, provincial, or territorial tax legislation (Income Tax Act, Land Transfer Tax Act, Excise Tax Act, etc).

pexels-pixabay-53621

1. Tax Situations

Counting with Competence

Completing tax returns can be time-consuming and complex, especially for individuals with multiple sources of income, investments, or self-employment income. We save taxpayers valuable time by streamlining the entire process, from gathering necessary documents to filing the return electronically.

1. Tax Situations

pexels-pixabay-53621

Counting with Competence

Completing tax returns can be time-consuming and complex, especially for individuals with multiple sources of income, investments, or self-employment income. We save taxpayers valuable time by streamlining the entire process, from gathering necessary documents to filing the return electronically.

2. Tax Preparation

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More than just numbers, we're here for you.

Our seasoned tax professionals are prepared to Maximize Tax Savings by claiming all the deductions & credits you are entitled to. Deductions & credits directly reduce your taxable income or tax liability, leading to lower taxes owed, or a higher tax refund.

AltruisticAccountingBG4-ezgif.com-optiwebp

2. Tax Preparation

More than just numbers, we're here for you.

Our tax professionals are prepared to Maximize Tax Savings by claiming all the deductions and credits you are entitled to. Deductions and credits directly reduce your taxable income or tax liability, leading to lower taxes owed or a higher tax refund.

3. Tax Compliance

We help businesses and individuals navigate the complex world of taxes.

Altruistic Accounting is a dynamic, client-centric tax preparation service dedicated to delivering unparalleled service to meet the unique needs of our clients. Altruism requires a commitment to the welfare of others. Our altruistic doctrine encourages commitment to integrity, stewardship, and altruism. Our client-centric approach ensures tax returns are in compliance with CRA’s administrative policies, and applicable federal, provincial, or territorial tax legislation (Income Tax Act, Land Transfer Tax Act, Excise Tax Act, etc).

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3. Tax Compliance

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Your Trusted Tax Partner

As certified EFILE electronic filers, authorized by the Canada Revenue Agency, we will ensure tax returns are filed in compliance with CRA’s administrative policies, and applicable federal, provincial, or territorial tax legislation (Income Tax Act, Land Transfer Tax Act, Excise Tax Act, etc).

pexels-katrin-bolovtsova-6077326

3. Tax Compliance

Counting with Competence

As registered EFILE electronic filers, authorized by the Canada Revenue Agency, we will ensure tax returns are filed in compliance with CRA’s administrative policies, and applicable federal, provincial, or territorial tax legislation (Income Tax Act, Land Transfer Tax Act, Excise Tax Act, etc).

Canadian Income Tax Calculator

Calculate what your refund could look like

Canadian Tax Calculator

We provide a fast and simple Remote Drop-off service.

When you’re ready, submit your documents, and we’ll take care of the rest.

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