Taxes & Audit
"Expert Tax & Audit Solutions for Your Business Success"
"Vector Advisors offers comprehensive tax preparation and filing services, tailored to meet diverse tax requirements. Our expertise spans corporate taxes, GST, PST, WorkSafe, ETAX, payroll taxes, and individual taxes for business owners utilizing our accounting solutions. From ensuring compliance with corporate tax regulations to simplifying GST/PST filings, our experienced team efficiently manages all aspects of tax obligations. By choosing Vector Advisors, you benefit from accurate and timely tax preparation, allowing you to focus on growing your business while we handle the complexities of tax management with precision."
"Vector Advisors specializes in assisting Canadian corporations with the T2 Corporate Tax Return, an essential document for reporting income, calculating taxes, and claiming credits.
This return outlines a company’s financial activities, including income, expenses, assets, and liabilities. With our expertise, we navigate the schedules and details of T2 filings, ensuring accurate calculations of taxable income and compliance with federal and provincial tax rates.
Timely and precise filing is crucial to avoid penalties or errors. Trust Vector Advisors to simplify the complexities of T2 tax returns, optimize tax outcomes, and provide reliable support for your business’s financial compliance and growth."
T1 Personal Tax return
"At Vector Advisors, we simplify the process of filing the T1 Personal Tax Return, an essential document for Canadian individuals to report income, claim deductions, and calculate taxes owed.
The T1 return captures various income sources, including employment, investments, rentals, and business earnings, while also accounting for deductions like medical expenses, tuition fees, and charitable donations.
Our team ensures accurate calculation of taxable income, navigating Canada’s tax brackets and maximizing eligible credits to optimize your tax outcomes. With deadlines typically set for April 30th, timely and precise filing is crucial to meeting legal obligations and avoiding penalties.
Trust Vector Advisors to handle the complexities of tax laws, ensuring compliance and providing peace of mind."
GST/PST
At Vector Advisors, we offer expert guidance on managing GST (Goods and Services Tax) and PST (Provincial Sales Tax), essential components of Canadian taxation.
GST is a federal value-added tax, typically set at 5%, while PST varies by province and applies to specific goods and services. Some provinces harmonize these into HST (Harmonized Sales Tax) for simplified compliance.
Businesses engaged in taxable activities must register for GST/HST, collect taxes on sales, and remit them to the Canada Revenue Agency (CRA) or provincial authorities. We help you navigate these requirements, ensuring accurate reporting and compliance. Our expertise includes optimizing input tax credits (ITCs) for GST/HST paid on business expenses, reducing tax liabilities effectively.
With Vector Advisors, you can confidently manage GST/PST obligations, avoid penalties, and streamline tax processes, allowing you to focus on your business growth.
At Vector Advisors, we guide businesses through the complexities of payroll taxes, including WorkSafe (Workers' Compensation) contributions and other required deductions.
WorkSafe provides benefits to employees who suffer work-related injuries or illnesses, with employers contributing to fund medical expenses, wage replacement, and rehabilitation. In addition to WorkSafe, employers must navigate other payroll taxes like Employment Insurance (EI), Canada Pension Plan (CPP) contributions, and provincial or municipal taxes, such as the Quebec Health Services Fund (QHSF).
Our team ensures your business remains compliant with regulatory requirements by accurately calculating, reporting, and remitting these payroll taxes. We also help businesses stay updated on changes to tax laws, preventing costly penalties. With Vector Advisors, you can confidently manage payroll tax obligations, ensuring your employees receive the benefits they deserve while avoiding unnecessary tax-related risks.
At Vector Advisors, we offer a wide range of services designed to meet your financial, tax, and business needs
Business Services
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