Tax Year 2024
To Our Valued Clients
Unfortunately, it’s that time of the year again to start thinking about preparing and filing your 2024 T1 Personal Income Tax Returns! We understand this process is taxing, so rest assured our team is here to help you!
As such please find attached documents and take note of the following information:
Our standard terms of engagement are for your review, completion, signature, and return to us.
Complete the checklist to assist you in preparing the relevant information for us to prepare your tax returns.
The attached Excel templates will assist you with reporting the following on your personal tax return (Sole proprietor / Self-Employed income, Rental income, Business use of home office, Business use of personal vehicle). If you’re a sole proprietor, then use these templates.
If you submit your tax documents/information electronically (recommended), please upload them to your Secure Online Client Portal with our firm (ShareFile). Please click here (Client Portal Login) to log into your client portal and submit your information online. If you’re having issues accessing your client portal, please contact a member of our team for assistance. Please send us an email after you have uploaded all your tax documents to the client portal so we can commence preparing your tax returns.
* You can also upload your tax information to us via the mobile app "ShareFile,” which can be downloaded from the Apple Store or Google Play. Search “ShareFile” to download the app.
* ShareFile mobile app login instructions:
-
Click “Add an Account”. Our firm’s subdomain is “petersco-cpa”.
-
Email – enter the email you registered for the client portal.
-
Password – enter your password.
Paper documents can still be dropped off at our office. Please insert your documents in an envelope, write your name and contact information (e.g., Name, Mobile number, and Email), and deliver them to our “Drop-off Box” in front of our office entrance door (Suite 22). If you do not have an envelope, please take an envelope(s) beside our office entrance door (Suite 22).
Returning the documents back to you. We will provide your tax returns and other deliverables via the Secure Online Client Portal (ShareFile). Thus, your documents will be available to you 24/7, anywhere in the world with an internet connection. If you provided us with hard copies of your tax documents/information, then they will be available for your collection at our office during regular business hours (Monday to Friday from 9 AM to 5 PM).
Signatures can be easily obtained electronically via email e-sign (powered by RightSignature - https://rightsignature.com).
Tax Filings are mostly done via online EFILE. We will ensure that any tax returns that need to be paper filed are posted to the tax offices on time.
Other items to note:
-
CRA's deadline for filing the 2024 T1 personal tax return and paying taxes is Wednesday, April 30, 2025. Self-employed tax returns are due by Monday, June 16, 2025, but the tax payments are still due by Wednesday, April 30, 2025. Due to the process and logistics involved, we can only guarantee that these deadlines will be met if we receive all your information before the close of business on Tuesday, April 15, 2025. Tax returns are processed in the order they are received at our office. Tax information received after Tuesday, April 15, 2025, may not be filed on time due to filing constraints and may result in interest/penalties assessed by the CRA.
-
Unless other arrangements have been made, payment for our services is due before we file and deliver your tax returns to the CRA.
-
Our invoices can be paid online with a credit card or pre-authorized.
If you have any questions or concerns, please don’t hesitate to contact our office at 403-220-1968 or email Info@petersco.ca.
We look forward to maximizing your refund and/or minimizing your tax liability!
Sincerely
The Team at Petersco CPA