Tax Questionnaires

In order to minimize accounting fees, please fill out the tax questionnaire(s) that apply to you.

For self-employed individuals and GST/HST registrants, please click below for instructions on how to complete the questionnaires.

How to Prepare for a Tax Meeting Self Employed (GST/HST Registrants)

How to Prepare for a Tax Meeting Self Employed (GST/HST Registrants)

The following is a brief outline on how to prepare for your tax appointment or submission to our office to enable our professional staff to accurately prepare your GST/HST returns.

Please provide us with the amount of GST/HST installments you remitted during the year.

Self-Employment Income

In order to complete the forms, the following steps should be taken for Ontario residents:

  • For those individuals who have elected to use the quick method of GST/HST accounting, you do not need to segment the amount of GST/HST you collect, unless a portion of this income is earned outside of Ontario.
  • For those individuals using the standard method of GST/HST accounting, do not include GST/HST collected in the reportable income fields of the questionnaire. Please note that T4A’s will not include GST/HST collected by the individual.

GST/HST Input Tax Credits

Please note that we can extract the GST/HST from your expenses; however, it would be more accurate if you calculate your total GST/HST paid on a receipt by receipt basis.

Over the years we noticed that clients found it difficult to extract the GST/HST from their expenses; consequently, we developed a computer program which will do this automatically. Therefore, in most instances you only need to insert the expense figures including GST/HST.

Please note for this program to work accurately you must ensure that each expensed item either includes GST/HST or excludes GST/HST. For example, travel expenses could include travel within Canada which will include GST/HST, and foreign travel which excludes GST/HST. In this instance, the two separate travel numbers should be displayed on the questionnaire. If you have any other expenses incurred outside of Canada, please segment these items.

Audit Insurance Program

For a yearly cost of $70, our Firm will handle any Canada Revenue Agency (CRA) income tax or GST/HST audit inquiries for the past three taxation years and represent you during a personal tax audit. In addition, in the event that CRA makes any adjustment to your file, we will prepare all necessary appeal documents and represent you up to the completion of the objection stage at no additional cost. If no audit insurance is purchased all audit services performed by McCann & Associates LLP will be billed at normal rates. Without audit insurance the cost of our Firm representing a person during a comprehensive tax audit can be in excess of $1,000.

Please note the fee does not cover the creation of the necessary supporting documentation for the audit. We will advise you in detail as to the necessary documentation needed for the audit process. You will be expected to provide us with detailed documentation to substantiate revenue and expense items claimed on your personal returns. To the extent you do not have any documentation, this insurance is null and void.

We reserve the right to disallow audit insurance for late-filing taxpayers. If you are interested, please indicate ‘yes’ for point 2 on the personal tax questionnaire.

Book your appointment today

McCann and Associates LLP

1 St Clair West, Suite 402
Toronto, Ontario M4V 1K6
Tel: (647) 508-5555
Fax: (647) 508-5556

Book your appointment today

McCann and Associates LLP

1 St Clair West, Suite 402
Toronto, Ontario M4V 1K6
Tel: (647) 508-5555
Fax: (647) 508-5556