ELYSIUM ACCOUNTING & TAX
AFFORDABLE & CUSTOMIZED
Your Personal Tax & Accounting Specialist
Elysium Accounting CA
We are proficient in corporate, personal, and trust income taxes as well as a wide variety of compilation activities.
The firm is registered with the Society of Professional Accountants of Canada (RPA Canada).
Taxes Tailored to You
We offer our clients individualized, customized accounting and taxation services that support them in achieving their end-state objectives. Your company will benefit more from our distinctive approach to taxation and accounting. As an added convenience, we have joined the EFILE Association of Canada.
Call Now: +16399997212
Corporate Tax
At Elysium Accounting CA, we offer a comprehensive range of accounting and taxation services designed to save you time and money. Our professional, ongoing support ensures that you can focus on growing your business while achieving both your personal and business financial goals.
We at Elysium Accounting and Tax Services provide our customers a variety of services. Elysium Accounting and Tax Services offers expert, continuous accounting and taxation services with the goal of saving you time and money. We are dedicated to achieving all of your objectives, both professional and personal, while assisting you in expanding and developing your company.
Through our customized services, we help you answer important financial questions, such as:
- Should you incorporate your business?
- Can you claim your home office or workspace as an expense?
- How much of your vehicle expenses can you deduct?
- What is the best way to pay yourself through your corporation?
Let’s work together to reduce your tax burden and maximize your profits with expert accounting solutions tailored to your needs.
Incorporation
When is it the right time to incorporate?
The answer to this question can vary from individual to individual. However, we can certainly help you make a well informed decision.
There are a few main reasons why you should incorporate your business:
- Shareholders of corporations have limited liability for business risks.
- Income splitting opportunities with other shareholders.
- If you meet certain criteria, when you sell your corporate shares, you may be eligible to trigger the lifetime capital gains exemption.
- As a corporation is a separate legal entity, it is taxed separate from its owners. Corporate tax rates are lower, in most cases, than personal tax rates.
- Corporations have more ability to raise money, which may make it easier for your business to grow and develop.
- Estate planning benefits resulting from the fact that corporations continue to exist in spite of a death or removal of a shareholder or director.
- Incorporated businesses have a better image and are more likely to attract investors than unincorporated businesses.
Personal Tax
Elysium Accounting CA
We provide expert personal tax preparation services to help you maximize your tax return. Our expertise covers:
- Self-employment & sole proprietorships
- Employment & moving expenses
- Capital gains, rental income & losses
- Foreign tax credits & disability tax credits
The following justifies hiring a tax expert to draft your personal tax return:
- The likelihood that the Canada Revenue Agency (CRA) will flag your file is decreased by accurate tax returns.
- You may rest easy knowing that all of the proper and valid tax credits and deductions were claimed on your tax return since you have years of tax experience and knowledge on your side.
- By filing on time, you can avoid paying late filing penalties and keep your hard-earned money in your pocket.