Why Choose RNS Accounting?
All financial activities come with tax consequences. We can help identify potential tax consequences and advise on tax-efficient investing, tax deferral strategies and more
Experienced, knowledgeable, financial advisers are preparing your tax.
We can come to you as well. Convenient and friendly services providers
Our fees contain no surprises.
CRA authorized E-filers and client representatives
Guaranteed Maximum Refund
We guarantee you will receive the maximum refund you are entitled or we will refund you the applicable
100% Accuracy Guarantee
We guarantee you will receive the maximum refund you are entitled or we will refund you the applicable We guarantee 100% accurate calculations
Take the worry of the Tax season and we will help you minimize your taxes and maximize the returns through careful planning. A Quick Reminder on the Important Date for ﬁling your personal taxes.
Personal returns are due on or before April 30th of every year. Balance owing is due on or before April 30th of every year. Late ﬁling penalty of 5% + 1% per month will apply to all outstanding balances owing. Repeated failure to ﬁle, a penalty of 10% + 2% per month will apply. Interest on all outstanding balances owing will be computed at the prescribed rate from the day on which the amount was required to be paid to the day payment was received by CRA.
- Personal Tax Returns
- Personal Income Tax Planning
- Audit and Appeals Assistance
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PERSONAL TAX GUIDE
Carbon Tax Credit
Have you claimed your Climate Action Incentive payment yet?
Pollution has a cost. It impacts the air we breathe, our children’s health, and our economy. That’s why the Government of Canada has put a price on carbon pollution.
The Government of Canada has introduced the new climate action incentive payment. In Ontario, a family of four could receive $307 in 2019. You can claim it when you file your Income Tax and Benefit Return.
Find out more at Canada.ca.climate-action-incentive.
If you already filed your Income Tax and Benefit Return and did not claim your climate action incentive payment, visit Canada.ca.change-tax-return for information on how to change your return.
Deduct Medical Expenses
The credit applies to a whole host of eligible expenses from home care services, to laser eye surgery, to orthopedics. The amount you can claim is the total of your expenses, minus $2,171.00 or 3% of the claimant’s income (whichever is less). There is no limit on the amount of eligible expenses.
Deduct Child Care Expenses
These amounts paid to have someone look after an eligible child in order to; earn income from employment; operate a business either alone or as an active partner; attend school; or conduct research. Parents can claim up to $8000.00 per child under age seven, $5000.00 for each child aged 7 through 16(and for infirm children over age 16), and $11000.00 for children who are eligible for the Disability Tax Credit.
Caregiver Amount & Family Caregiver Tax Credit
If at any time in the tax year you (either alone or with another person) maintained a residence where you and the person you supported lived (a spouse or common-law partner is not considered your dependent for this purpose), you may be able to claim a maximum amount of $4530.00 under the caregiver amount for each eligible dependent.
Individuals supporting infirm dependents can claim an enhanced amount under other dependency-related credits, such as the Child Tax Credit or the Caregiver Amount. The family Tax credit is a 155 credit on an amount of $2,058, meaning you could qualify for up to $308.70 per dependent.
Child Disability Beneﬁt & Registered Disability savings Plan
Those families who care for a child under age 18 with severe and prolonged impairment in physical or mental functions, can get annual Child Disability Benefit up to $2650.00. (Each eligible child will get $220.83 per month.)
Adoption Expenses Tax Credit
The tax credit is a 15% non-refundable tax credit that allows adoptive parents to claim eligible adoption expenses relating to the completed adoption of a child under the age of 18. The adoptive parents can claim a maximum amount of eligible expenses up to $15000.00 per child.
The Pension Income Amount
A non-refundable pension income’s tax credit, that can apply to the first $2000.00 of eligible pension income.
The Age Amount
The Age Amount allows seniors with a net income of $34,873 or less in the tax year, aged 65 and over, to claim $6916. No age amount can be claimed once an individual’s net income reaches $80,980.