Tax Preparation Near Me: Expert Tax Filing Services in Edmonton [2025 Guide]

Tax season comes around every year, and for many Edmonton residents with modest incomes, free tax clinics provide essential help at no cost. You might be a family heading to Bissell’s Monday clinics or a senior who qualifies for Sage’s year-round tax services—Edmonton offers numerous accessible options for filing your taxes without the financial burden.

Looking for “tax preparation near me” can quickly become overwhelming when faced with so many different service types. Edmonton’s tax landscape includes everything from walk-in clinics to professional accounting firms, each serving different needs and situations. Specialized programs like Sage’s income tax services are specifically designed for seniors with annual incomes under $35,000 for singles or $45,000 for couples.

This guide walks you through both free and professional tax preparation options available in Edmonton, helping you identify which service best matches your circumstances. You’ll find information on eligibility requirements, documents you’ll need to bring, and key deadlines to keep you on track for the 2025 tax season.

Understanding Tax Preparation Services in Edmonton

Tax filing options in Edmonton range from free volunteer-run clinics to professional accounting services. Choosing the right option depends largely on your financial situation and how complex your taxes are.

Free vs. Professional Tax Services

When it’s time to file your taxes in Edmonton, you have several options. The most affordable route is through free tax clinics run by the Community Volunteer Income Tax Program (CVITP), where trained volunteers complete returns for eligible individuals with modest incomes and straightforward tax situations. These services cost nothing, and your return is typically processed within two weeks.

Free tax clinics in Edmonton come in three main varieties:

1. Walk-in clinics where you’re served on a first-come, first-served basis
2. Drop-off clinics where you leave your documents and return later to pick up your completed return
3. By appointment clinics offering scheduled in-person or virtual meetings with volunteers

Professional tax services, while more expensive, provide comprehensive support for more complex situations. These accountants bring specialized expertise that helps identify deductions and credits you might otherwise miss. In Edmonton, professional tax preparation ranges from about $35 for basic personal returns to higher fees for more complex filings.

The differences extend beyond cost. While free clinics typically deliver returns within two weeks, professional services often provide faster turnaround—sometimes in as little as 5 days. Professional services also offer year-round support rather than just during tax season.

If you’re looking for a middle ground, “discounter” services calculate your refund and provide an immediate discounted payment before filing your return. This gives you quicker access to your money but generally costs more than free clinics.

When to Choose Professional Tax Preparation

Free services work well for straightforward tax situations, but certain circumstances make professional assistance worthwhile. Your specific tax needs should guide this decision.

Professional tax preparation becomes particularly valuable when:

• You’re self-employed or run a small business
• You have investment income from stocks, bonds, or dividends
• You own rental property
• You face complex situations like back taxes or late filing
• You want to maximize potential deductions and credits
• You need year-round tax planning advice

As a general rule, the more complex your financial situation, the more likely you’ll benefit from professional tax services. BOMCAS Canada, for example, offers comprehensive tax solutions for various needs, from personal tax preparation to corporate filing and specialized services for self-employed individuals.

When selecting a professional tax preparer in Edmonton, credentials matter significantly. Look for accountants with CPA (Certified Professional Accountant) designations, which verify their expertise and commitment to industry standards. Industry-specific experience can also prove invaluable—an accountant familiar with your business sector will better understand relevant deductions and compliance requirements.

Local expertise plays a crucial role too. A tax professional with in-depth knowledge of Edmonton and Alberta tax regulations will navigate regional specifics more effectively, particularly for GST/HST returns that vary across provinces.

Technology adoption represents another consideration when choosing between services. Modern tax professionals use advanced accounting software that ensures accuracy while providing real-time insights into your financial status. Many services now offer secure document uploading and digital communication options, making the process more convenient.

Cost transparency is essential when evaluating professional options. Most reputable tax services provide clear fee structures—whether flat rates, hourly rates, or tiered pricing based on complexity. Understanding these costs upfront helps avoid surprises and allows for proper budgeting.

The decision between free and professional tax services ultimately comes down to balancing cost against complexity. For simple returns with straightforward income sources, free clinics provide excellent value. As your tax situation grows more intricate, professional services like those offered by BOMCAS Canada become increasingly worthwhile investments that potentially save money through optimized deductions and minimized compliance risks.

Free Tax Clinics in Edmonton for 2025

Edmonton residents with modest incomes can access numerous free tax filing options through the Community Volunteer Income Tax Program (CVITP). These clinics provide valuable support for those who might struggle with tax preparation costs or complexity.

Eligibility Requirements

Not everyone qualifies for free tax preparation assistance. These services specifically target individuals with modest incomes and simple tax situations.

To use free tax clinics in Edmonton, you must meet specific income thresholds established by the CVITP. Throughout the city, these clinics help people who cannot afford professional tax preparation services like those offered by BOMCAS Canada.

The “simple tax situation” requirement means your return should not include:

• Self-employment income
• Rental income
• Farming or fishing income
• Bankruptcies
• Deceased persons
• Interest exceeding CAD 139,340
• Other complex scenarios requiring professional accountants

If your tax situation involves any of these elements, you’d likely benefit more from professional tax services in Edmonton.

Types of Free Tax Clinics Available

Edmonton offers several types of free tax clinics to fit different preferences and schedules:

Walk-in Clinics: These operate on a first-come, first-served basis with no appointment necessary. You simply arrive during advertised hours and wait your turn. For instance, Beulah Alliance Church West Campus offers walk-in service on Saturdays from March 1 to May 5, 2025, between 10am-3pm.

Drop-off Clinics: At these locations, you submit your tax documents during specified hours, and volunteers complete your return offline. You’ll need to return later to collect your completed return and original documents. The Bissell Center operates such a service on Mondays from 1:00 p.m. to 3:30 p.m., starting March 3, 2025, through January 26, 2026. After dropping off your documents, returns are typically available for pickup two weeks later.

By Appointment: These clinics require scheduling in advance and can be either:

• In-person appointments with scheduled times
• Virtual appointments via videoconference or phone with volunteers in your province
• Special virtual appointments for residents in prescribed northern zones

NorQuest College also offers free tax assistance specifically designed for low-income earners both within their institution and the broader community.

Documents Needed for Free Tax Clinics

Proper documentation ensures your tax return can be completed accurately. Missing documents may delay your filing process.

Essential identification documents:

• Government-issued ID
• Social Insurance Number (SIN)
• Bank account information for direct deposit

Income documentation:

• T4 slips from employers
• T4E (Employment Insurance benefits)
• T5 (Investment income)
• T5007 (Social assistance payments)
• T4A, T4A(P), T4A(OAS) (Pension income)
• T2202A (Tuition)

Additional documentation (if applicable):

• Receipts for charitable donations
• Medical and dental expense receipts
• Child care receipts
• RRSP contribution receipts
• Previous year’s Notice of Assessment

If you’re missing some documents, you can contact the Canada Revenue Agency directly at 1-800-959-8281. Volunteers at clinics like the Bissell Center can still assist you even with incomplete documentation.

Filing your taxes annually is essential even if you have little to no income, as it ensures you receive all government benefits and subsidies you’re entitled to. Free tax clinics throughout Edmonton make this process accessible to those who need it most, regardless of financial constraints.

Professional Tax Services in Edmonton

When your tax situation grows beyond the basics, professional accounting firms provide the expertise needed to navigate more complex financial landscapes. Professional tax preparation services deliver specialized knowledge and personalized attention that extends well beyond what basic filing services can offer.

What Professional Tax Accountants Offer

Professional tax accountants in Edmonton provide a full range of services tailored to various financial situations. They bring specialized expertise to help you navigate the complexities of Canadian tax laws. Unlike volunteer-based services, professional accountants offer year-round support and accountability.

Most Edmonton accounting firms provide these core services:

• Personal and corporate tax return preparation
• Strategic tax planning to minimize liabilities
• Financial statement preparation
• Business consulting and advisory services
• Representation during CRA audits
• Bookkeeping and payroll management

A key advantage of hiring professional accountants is their ability to spot opportunities for tax savings you might otherwise miss. They don’t just file paperwork—they actively look for ways to optimize your financial position. Certified Professional Accountants (CPAs) follow strict provincial licensing requirements and adhere to a code of ethics, ensuring high standards of service.

BOMCAS Canada’s Comprehensive Tax Solutions

BOMCAS Canada serves as a trusted Edmonton tax accountant offering a full spectrum of tax and accounting services. With a team of experienced professionals, they provide customized solutions for both individuals and businesses navigating the complexities of Canadian tax regulations.

For personal tax preparation, BOMCAS offers detailed reporting on your current tax position along with future planning recommendations. Their personal tax accountants ensure accurate completion of T1 tax returns while applying all applicable tax credits to minimize payments.

On the corporate side, BOMCAS specializes in T2 Corporate Tax preparation, helping businesses remain compliant while minimizing their tax liability. Their corporate tax experts streamline tax management, reducing administrative burdens and minimizing errors that could increase tax exposure.

Beyond basic services, BOMCAS offers specialized expertise in:

• International tax services for Canadian businesses and individuals
• Cross-border taxation for those earning income in the US
• Estate and succession planning
• GST/HST/PST compliance
• Bookkeeping and financial reporting

BOMCAS Canada stays continuously updated on the latest tax amendments and regulations, allowing clients to remain confident their taxes are handled according to current laws.

Cost of Professional Tax Preparation

Professional tax preparation costs in Edmonton vary based on complexity and service type. Basic personal tax returns typically start around CAD 34.83, with more comprehensive services costing more.

For personal tax preparation, prices generally range:

• Basic personal returns: CAD 34.83 to CAD 209.00
• Multiple income sources: CAD 209.00 to CAD 2,090.04

Corporate tax preparation involves higher fees:

• Null corporate tax returns: CAD 348.34 to CAD 487.68
• Corporate tax filing: CAD 1,114.69 to CAD 3,483.40

Several factors influence the final cost of professional tax preparation:

1. Business type and complexity
2. Income level and sources
3. Quality of your bookkeeping
4. Time required for preparation
5. Experience level of the accountant
6. Additional services needed

While professional services require an upfront investment, they often deliver substantial returns through maximized deductions and minimized liabilities. Many Edmonton clients report receiving at least CAD 445.88 more on average when filing with professional services compared to self-preparation.

Professional tax services like those from BOMCAS Canada offer value beyond mere compliance. Their expertise not only ensures accuracy but often uncovers tax-saving opportunities that cover the cost of their services many times over through reduced tax obligations and optimized returns.

Personal Tax Preparation Edmonton: What to Expect

Filing your annual tax return is an essential responsibility for every Edmonton resident. The process requires careful attention to detail, proper documentation, and understanding of available credits to maximize your potential refund.

The Tax Filing Process

Preparing your taxes starts with gathering all necessary documentation. This includes T4 slips from employers, T5 slips for investment income, and receipts for deductions such as childcare, medical expenses, and charitable donations. Having your previous year’s Notice of Assessment readily available also helps ensure continuity in your filing.

Once you’ve collected your documents, you’ll need to choose a filing method. The Canada Revenue Agency (CRA) offers several options:

• NETFILE-certified tax software (electronic filing)
• Filing through a tax preparer using EFILE-certified software
• Paper tax returns
• Community volunteer tax clinics (for eligible individuals)
• SimpleFile services (available by invitation only)

Electronic filing has become increasingly popular among Edmonton residents due to its efficiency. Electronic returns typically process within two weeks, whereas paper returns can take up to eight weeks if filed on time.

Important deadlines to remember for 2025 taxes include:

• February 24, 2025: Earliest day to file online
• April 30, 2025: Standard deadline for filing and payment
• June 16, 2025: Extended deadline for self-employed individuals

Filing late can result in penalties and interest charges, so marking these dates on your calendar is essential for proper tax planning.

Common Tax Credits for Edmonton Residents

Edmonton taxpayers benefit from both federal and provincial tax credits designed to reduce tax burden and support families. Alberta offers some of the highest basic personal and spousal amounts among provinces, allowing residents to earn more before paying provincial income tax.

Notable credits available to Edmonton residents include:

The Alberta Child and Family Benefit (ACFB) provides direct financial assistance to lower-income families with children. The benefit is distributed quarterly with payments in August, November, February, and May. This benefit increases based on the number of children in the family (up to 4 children).

Additionally, the Basic Personal Amount is a non-refundable tax credit that every taxpayer can claim, reducing the amount of federal tax owed. Other significant credits include:

• GST/HST Credit: A tax-free quarterly payment for people with low-to-modest incomes
• Disability Tax Credit: Available for people with severe impairments
• Canada Workers Benefit: Supporting low-income working families
• Medical expense claims: For expenses exceeding a certain percentage of net income

For seniors, Alberta offers the Seniors Home Adaptation and Repair Program, allowing seniors to finance home repairs and adaptations to improve quality of life.

Handling Complex Personal Tax Situations

Complex tax scenarios often require professional assistance from firms like BOMCAS Canada. If you’re self-employed, for instance, you must report business income and track business expenses throughout the year. BOMCAS Canada’s tax experts can help navigate these complexities while ensuring compliance.

Similarly, investment income reporting requires careful attention. Capital gains, dividends, and interest income all have different tax implications. Professional tax accountants understand these nuances and can help optimize your tax position accordingly.

Other complex situations where professional tax preparation from BOMCAS Canada proves valuable include:

• Rental property income and expenses
• Foreign income reporting
• Late and back taxes filing
• Cross-border taxation
• Major life changes (marriage, divorce, retirement)

Major life changes often trigger tax implications that many Edmonton residents overlook. When you get married, divorced, relocate, or retire, your tax situation changes significantly. Professional tax services assist with proper filing during these transitions.

For instance, retirement planning has important tax implications. BOMCAS Canada can help navigate retirement savings options like RRSPs and TFSAs to maximize tax advantages for a secure future.

Through proper tax planning and preparation, you can maintain compliance while minimizing tax liability. Professional assistance ensures all eligible deductions and credits are applied, potentially resulting in substantial savings on your annual tax bill.

Corporate Tax Preparation in Edmonton

For incorporated businesses in Edmonton, corporate tax preparation involves distinct processes and requirements that differ significantly from personal tax filing. Understanding these obligations helps ensure compliance while minimizing potential penalties and identifying tax-saving opportunities.

Small Business Tax Filing Requirements

All incorporated businesses must file a T2 corporate tax return with the Canada Revenue Agency (CRA) each year regardless of their profitability. This requirement applies to any corporation that had a permanent establishment in Alberta at any time during the taxation year.

Canadian-controlled private corporations (CCPCs) can benefit from the small business deduction on active business income up to the small business threshold of CAD 696,680.10. Corporations in an associated group share this maximum threshold.

When preparing corporate tax returns, companies must submit:

• T2 Corporate Income Tax Return
• Financial statements (balance sheet and income statement)
• Schedule 100 (Balance Sheet Information)
• Schedule 125 (Income Statement Information)
• Schedule 50 (Shareholder Information)

Corporations with gross revenue exceeding CAD 1.39 million are required to file their Alberta corporate income tax return (AT1) electronically. This mandatory net filing rule applies to most corporations, though exceptions exist for insurance corporations, non-resident corporations, and some others.

Corporate Tax Deadlines for 2025

Unlike personal taxes with standardized dates, corporate tax deadlines depend entirely on your company’s fiscal year-end. Corporate filing follows a schedule based on your specific business cycle.

T2 corporate tax returns must be filed within six months of your fiscal year-end. For instance:

• Fiscal year ending March 31, 2025: Filing deadline is September 30, 2025
• Fiscal year ending August 31, 2025: Filing deadline is February 28, 2026
• Fiscal year ending October 2, 2025: Filing deadline is April 2, 2026

In addition to these filing deadlines, corporations must pay any remaining tax balance by the balance-due date, which typically falls two months after the fiscal year-end. Certain Canadian-controlled private corporations meeting specific criteria may qualify for an extended three-month payment deadline.

For tax installment payments, most corporations must remit quarterly, with deadlines falling on:

• First installment: March 15, 2025
• Second installment: June 15, 2025
• Third installment: September 15, 2025
• Fourth installment: December 15, 2025

Failure to meet these deadlines can result in severe penalties starting at 5% of the unpaid balance plus 1% for each month of lateness, up to 12 months.

Benefits of Professional Corporate Tax Services

Navigating corporate tax obligations can overwhelm business owners focused on operations. Professional tax services from firms like BOMCAS Canada offer numerous advantages.

Professional corporate tax accountants provide expertise in ever-changing tax laws, ensuring your business remains compliant while identifying potential tax credits and deductions businesses often overlook. Their knowledge can lead to substantial financial benefits through strategic tax planning.

Hiring corporate tax professionals from BOMCAS Canada allows you to focus on core business activities rather than complex tax regulations. This redirection of internal resources toward revenue-generating activities improves operational efficiency and contributes to better business scalability.

Professional tax preparation also offers protection during CRA audits. Tax accountants act as your representative, handling communications with tax authorities and ensuring your business presents organized, compliant documentation.

Professional tax services from BOMCAS Canada help Edmonton businesses minimize risks while maximizing financial stability through expert knowledge of corporate tax regulations, strategic planning, and customized solutions tailored to your specific business needs.

Specialized Tax Services in Edmonton

Beyond standard tax filing, many Edmonton taxpayers face unique situations that require specialized expertise. When basic tax preparation isn’t enough, targeted services address specific needs that demand detailed knowledge and experience.

Late and Back Taxes Filing

Missing tax deadlines happens to many Edmontonians for various reasons. You might worry about penalties, but professional services can help minimize the consequences of late filing.

Late filing penalties start at 5% of your balance owing plus an additional 1% for each month after the deadline (up to 12 months). If you’ve been charged late-filing penalties in previous years, this penalty increases to 10% plus 2% per month to a maximum of 20 months.

BOMCAS Canada specializes in helping clients with unfiled returns through their back tax services. Their tax specialists have the knowledge to correct pending tax files and can negotiate reasonable settlements with the CRA when you voluntarily submit unfiled returns.

Through the Voluntary Disclosure Program, tax professionals may help minimize penalties and interest associated with filing taxes late. Remember—filing late is always better than never filing at all.

Self-Employment Tax Preparation

Self-employed individuals face different tax obligations compared to employees. When you begin exchanging goods or services for money without an employer, the CRA considers you a sole proprietor.

As a self-employed person, you must:

• Report all income on your T1 personal tax return
• Complete Form T2125 (Statement of Business or Professional Activities)
• Make Canada Pension Plan (CPP) contributions
• Register for GST/HST if your revenue exceeds CAD 41,800.81

BOMCAS Canada provides specialized tax preparation for business owners and self-employed individuals, helping guide you through taxation laws. Their experts maximize available deductions and identify eligible tax credits to ensure you pay only what you legally owe.

Investment Income Tax Reporting

Investment income adds another layer of complexity to your tax return. Different types of investment income receive different tax treatment.

Interest income from bank accounts, GICs, and bonds is fully taxed at your marginal tax rate. Canadian dividends benefit from the dividend tax credit that reduces the tax on this income. Capital gains enjoy favorable treatment with only 50% of gains under CAD 348,340.05 being taxable.

Foreign investment income requires additional attention. You must report it in Canadian dollars using the Bank of Canada’s exchange rate on the day you received the income. Foreign taxes withheld may qualify for the foreign tax credit.

BOMCAS Canada’s tax experts help investors navigate these complexities, ensuring all investment income is properly reported on your return. Their accountants stay current with tax amendments and can identify opportunities to optimize your investment tax situation.

Finding the right tax preparation service for specialized needs makes all the difference between simply filing taxes and strategically managing your tax obligations for optimal results.

Choosing the Right Tax Preparation Service

With so many options showing up in your “tax preparation near me” search results in Edmonton, how do you know which service is right for you? Selecting the appropriate tax professional requires careful consideration of several important factors.

Questions to Ask Your Tax Preparer

Start by asking about the tax preparer’s experience and expertise. What are their specific qualifications, and do they take continuing education courses to stay updated on changing tax laws? A qualified tax accountant should be a Certified Professional Accountant (CPA), which you can verify through CPA Canada or provincial bodies.

You’ll also want to determine if they maintain year-round availability. Many temporary tax preparers disappear after tax season, leaving you without support if the CRA has questions about your return months later. Ask about their approach to tax planning too—they should discuss strategies to reduce your future tax bills, not just process this year’s return.

Don’t forget to inquire about their fee structure and what services are included in the price. Choose a tax preparation service with transparent, fixed fees to avoid surprises when the bill arrives.

Red Flags to Watch For

When evaluating tax services in Edmonton, be alert to certain warning signals. Beware of tax preparers who use too many round numbers (like CAD 2,090.04) in returns, as this suggests estimating rather than precise record-keeping and may trigger CRA scrutiny.

Other concerning signs include:

• Inconsistent reporting across different tax forms
• Promises of unusually large refunds without reviewing your documentation
• Reluctance to sign returns or provide complete copies of your filing
• Lack of a EFILE number (asking to use your Web Access Code instead)

Why Local Edmonton Expertise Matters

Understanding Edmonton and Alberta’s specific tax landscape provides significant advantages. Local accountants familiar with Alberta business operations and tax regulations navigate regional intricacies more effectively, particularly for GST/HST returns that vary by province.

BOMCAS Canada, as an Edmonton tax accountant, offers this local expertise along with comprehensive tax solutions. Their understanding of Edmonton’s property tax system—which generates over CAD 1.81 billion for the city—helps clients optimize their overall tax position.

Local tax expertise ensures you receive guidance tailored to Edmonton’s unique economic environment while maintaining compliance with provincial and federal regulations.

Alberta Tax Services: Important Deadlines for 2025

Missing tax deadlines can turn a routine filing into a costly problem. Knowing the key dates for 2025 helps Edmonton residents plan ahead and avoid unnecessary penalties.

Personal Tax Filing Deadlines

The 2025 tax season officially opens on February 24, 2025, when you can begin filing electronically through NETFILE. For most taxpayers, the standard filing deadline is April 30, 2025. Self-employed individuals have until June 16, 2025 to submit their returns (extended from June 15 since it falls on a Sunday).

Even though self-employed taxpayers have additional filing time, any taxes owed must still be paid by April 30, 2025, to avoid interest charges.

For taxpayers reporting capital gains in 2025, the CRA has announced special relief, extending the filing deadline to June 2, 2025 without late-filing penalties.

Corporate Tax Due Dates

Corporate filing deadlines follow a different schedule based on your company’s fiscal year. Corporations must file their returns within six months from the end of their tax year. For example:

• December 31, 2024 year-end: File by June 30, 2025
• March 31, 2025 year-end: File by September 30, 2025

Payment deadlines come sooner—generally two months after the fiscal year-end. Canadian-Controlled Private Corporations (CCPCs) qualifying for the small business deduction receive an extra month, making their payment deadline three months after year-end.

Extension Options and Penalties

Missing deadlines triggers serious consequences. Late-filing penalties start at 5% of your unpaid balance, plus an additional 1% for each month late (up to 12 months). Repeat offenders face steeper penalties—10% of balance owing plus 2% for each late month, to a maximum of 20 months.

Throughout tax season, BOMCAS Canada supports Edmonton clients with timely filing to avoid these costly penalties. When unavoidable circumstances prevent on-time filing, the CRA may grant relief, although processing times currently extend to eight months for most requests.

Whenever filing dates fall on weekends or holidays, they automatically extend to the next business day, offering a small but welcome reprieve for tight deadlines.

Conclusion

The tax preparation landscape in Edmonton offers options for every situation—from free tax clinics to comprehensive professional services. Choosing the right option matters, especially when dealing with complex situations like corporate taxes, self-employment income, or investment portfolios.

Local expertise makes a significant difference when navigating Edmonton’s tax environment. BOMCAS Canada’s knowledge of both federal and provincial regulations helps clients maximize deductions while ensuring full compliance. Their year-round availability provides reassurance, particularly during CRA reviews or audits.

Staying on top of tax deadlines is essential for avoiding penalties and interest charges. Professional tax services help you keep track of these important dates while spotting opportunities for tax savings through strategic planning. The right tax preparation choice ultimately depends on your specific financial situation and filing complexity.

Contact BOMCAS Canada today for all your accounting and tax needs in Edmonton and across Canada. Their team of experienced professionals is ready to help you navigate tax obligations effectively while maximizing potential returns through expert guidance and personalized service.

FAQs

Q1. What are the key dates for filing taxes in Edmonton for 2025? The 2025 tax season opens on February 24, 2025. For most taxpayers, the standard filing deadline is April 30, 2025. Self-employed individuals have until June 16, 2025, to submit their returns, though any taxes owed must still be paid by April 30 to avoid interest charges.

Q2. How do I know if I’m eligible for free tax clinics in Edmonton? Free tax clinics in Edmonton are typically available for individuals with modest incomes and simple tax situations. To be eligible, your income should fall below certain thresholds, and your tax return should not include complex elements like self-employment income, rental income, or bankruptcies.

Q3. What documents do I need to prepare for tax filing in Edmonton? Essential documents include government-issued ID, Social Insurance Number, T4 slips from employers, T5 for investment income, receipts for deductions (like childcare or medical expenses), and your previous year’s Notice of Assessment. Additional documentation may be required depending on your specific tax situation.

Q4. How much does professional tax preparation typically cost in Edmonton? Professional tax preparation costs in Edmonton vary based on complexity. Basic personal tax returns typically start around $35, with more comprehensive services costing up to $200 or more. Corporate tax preparation involves higher fees, ranging from about $350 for null returns to over $3,000 for complex filings.

Q5. What are the benefits of using professional tax services in Edmonton? Professional tax services offer specialized expertise, year-round support, and the ability to identify tax-saving opportunities. They can handle complex situations like self-employment income, investment reporting, and corporate taxes. Additionally, they provide protection during CRA audits and can help with strategic tax planning to minimize future liabilities.