Services

Bookkeeping and Accounting

Bookkeeping services on monthly, quarterly and annually basis, customized to meet the client's business volume.

  • Preparing financial statements
  • Bank reconciliation
  • GHST/HST, PST filling
  • GST/HST rebate application for new houses

 

Personal Tax Preparation

Accurate and timely filing of personal tax returns (T1) for individuals and self-employed businesses

  • Salaried and commissioned employees 
  • Special discount for students and seniors
  • Truck, Taxi, Uber and lyft drivers
  • Rental income and other investments

 

Corporate Tax Preparation

Comprehensive tax solutions for small and medium sized businesses

  • Filling GST/HST returns 
  • Preparing and e-filing corporate tax returns (T2)
  • Managing CRA accounts
  • Preparing cash flow statements, business plan and income and cash flow projections

Tax Planning

Strategic planning for financial success

  • Planning to maximize all credits and deductions in the unique situation of each client
  • Planning for RRSP contribution, Child care , Tuition fee transfer from dependents to maximize the tax refund
  • Home office deductions for salaried, commissioned and self-employed business
  • Planning for Real-estate businesses and other self employed
  • Planning for payroll and dividend for the small business owners to withdraw their compensation from their businesses

 

Payroll Services

We offer comprehensive payroll services

  • Preparing payroll schedule for payroll withdrawals and CRA remittance
  • Filling annual payroll information like T4, T4A, T5.
  • Handling WSIB, EHT returns
  • Preparing and issuing record of employment (ROE)

New business incorporation

In our introductory consultation, we will walk you through all of the steps and benefits involved in incorporating a new business.

CRA audit / Reviews

Assist you in handling the CRA audit, personal and corporation tax reviews. Deals with all kind of pre and post assessment reviews.

Frequently Asked Questions

Do I qualify as self-employed?

A self-employed individual usually works independently. No one oversees their activities. and they may provide their services to different payers at the same time and can accept or refuse work from the payer. They typically use their own tools, space and equipment. The working relationship between the payer and the worker does not present a degree of continuity, loyalty, security, subordination, or integration, all of which are generally associated with an employer-employee relationship. The worker is responsible for paying provincial and/or federal sales taxes and may claim certain deductions as business expenses. 

What documents do I need to file my personal tax

All income slips including T4 for employment income, T5, T4E. In case of self-employed T4A slips and statement of income and expenses realted to your business.

Why choose Innovex Business Solutions Inc. for tax services?
At Innovex Business Solutions Inc., we offer personalized service, expert guidance, and strategic planning to help you achieve your financial goals.

About us

Innovex Business Solutions Inc. is a trusted provider of bookkeeping, accounting and  tax preparation services . With years of experience and a commitment to excellence, we help individuals and businesses achieve their financial goals through expert guidance and personalized service.