Personal tax preparation services provided by Lowe CPA Inc. involves a comprehensive process to ensure compliance with the Canada Revenue Agency (CRA) while optimizing tax outcomes for individuals. This service typically involves:

• Gathering Financial Information: Collecting all relevant personal financial documents, such as T4 slips, investment income reports (T5, T3), RRSP contributions, rental income, and other sources of income or deductions summarized by the client.

• Deductions & Credits: Identifying eligible tax deductions and credits such as medical expenses, tuition, charitable donations, home office expenses, child care costs, etc.

• Tax Planning & Optimization: Providing tax planning advice, helping clients make strategic decisions about retirement saving, tax-efficient investments, and more to minimize future taxes.

• Filing of Returns: Preparing and filing tax returns, ensuring compliance with all federal and provincial tax regulations. This involves the calculation of taxes owed or refunds due with the information available at the time of preparation.

• Handling CRA Correspondence: If the CRA requires additional information or conducts an audit, Lowe CPA Inc. can assist with communication, providing necessary documentation and explanations on the client’s behalf.

By using Lowe CPA Inc., individuals benefit from expert knowledge, accuracy, and peace of mind, knowing their taxes are handled professionally and efficiently.