Supplementary Services

Supplementary tax services by Lowe CPA Inc. cover a range of specialized tax needs beyond standard tax filing, designed to provide additional support and solutions for unique or complex tax situations. These services include:

  • Compliance Filings: Aside from Personal Tax Returns (T1 returns), Corporate Tax Returns (T2 returns), Trust Tax Returns (T3 returns), and Charity &NPO Filings, there are several annual filings that may be relevant to clients regarding the activities they are involved with. The firm can assist with these filings (where applicable and where requested), some of which include:

    • T1134 - Foreign Affiliate Reporting

    • T1135 - Foreign Asset Reporting

    • T4 Slips - Payroll Slips for Corporations

    • T5 Slips - Investment Income Slips for Corporations with Dividend and Interest

    • T3 Slips - Investment Income Slips for Trusts Distributing Income to Beneficiaries

    • Schedule 89 - Capital Dividend Account Balance Verification

    • T2054 - Capital Dividend Election

    • ITA 45(2) or 45(3) Elections - Election Relating to Deemed Disposition Upon Change In Use

    • Tax Clearance Certificate Application

    • Underused Housing Tax Declaration

    • GST Account/Payroll Account/Trust Number Registration

    • T5018 - Statement of Contractor Payments

    • And more

  • Tax Planning for Life Events: Lowe CPA Inc. assists with tax implications of major life events such as marriage, divorce, retirement, inheritance, or starting a family. They help clients navigate tax credits, benefits, and deductions associated with these changes.

  • Estate & Succession Planning: Lowe CPA Inc. offers guidance on tax-efficient estate planning, helping clients structure their wills, trusts, and asset transfers to minimize taxes on inheritances. They also provide support for business succession planning to ensure a smooth and tax-efficient transition.

  • Tax Dispute Resolution: If a client faces tax disputes, reassessments, or audits, Lowe CPA Inc. represents them in negotiations with the CRA, offering support throughout the process, including preparing documents, appeals, and settlement discussions.

  • Tax Credit and Grant Determination: Lowe CPA Inc. may assist businesses in identifying available tax credits and grants, helping maximize government incentives while ensuring proper documentation and compliance.

By offering these supplementary tax services, Lowe CPA Inc. ensures that clients with specific or complex tax needs receive the professional support they require to maintain compliance and optimize their tax situation.