Services
Personal
Taxes
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Let us handle your taxes while you spend quality time with your family. We will carefully analyze your tax situation and use all possible tax credits that are applicable to your situation to get your maximum refund within a few weeks. While tax season is a busy time of year, we ensure that our customers get individual attention that is required to ensure that we provide them with best possible solutions.
Our Team understands that income is generated from different sources and many individuals have business income, we understand the UBER/Lyft business model and we can help you claim all eligible expenses and can help you manage your taxes better. If you provide Professional Consulting, Catering, or other services speak to us and we will work with you to manage your taxes.
If you are behind in filing your taxes, we can assist you in getting up to date with all your prior year filings. We will also work with CRA to get you up to date. Our staff is experienced in dealing with CRA and can assist you catching up with tax matter and claim all eligible credits.
Welcome to Canada, As a newcomer and International student when you arrive to Canada, we can assist you with setting up for all eligible benefits. Let us handle your tax and benefits situations while you work towards establishing your self in Canada. To Newcomers we would like to inform you that there is no WELCOME TO CANADA package that has been approved by CRA. All taxpayers are treated equally. Call us to assist you.
If you missed reporting your taxes correctly, we can assist you in going over your initial return and provide solutions that you will depict your tax situation correctly.
As a Canadian approaching retirement, we can assist you in filling your CPP and OAS forms so you can get started with old age related income.
Corporate
Taxes
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We work closely with Corporations in preparing the financial statement. We ensure that we have accurately recorded all income and expenses, and recognized the assets and the liabilities of the Corporation. The financial statements are prepared as per standard set with Canadian GAAP.
Corporation taxes are paid on the net profit of the Corporation. We work with different industries and understand the nature of business and work accordingly to provide best tax remedies.
Businesses collect GST/HST from their customers, these taxes are to be remitted to Government of Canada through CRA. At Xcel Solutions we not only help with preparing your HST return for filing, we also advise you in how to stay on top of your game so you can focus on making business decisions that will provide growth.
Source deductions refer to amount withheld from the employees' paycheques and are remitted to the CRA. These deductions include Canada Pension Plan (CPP) contributions, Employment Insurance (EI) premiums and federal income tax.
If you missed reporting your taxes correctly, we can assist you in going over your initial return and provide solutions that you will depict your tax situation correctly.
Business
Services
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Starting a new business is a big step, and we stand behind you, so you can focus on getting up and running in no time. We provide you with many options i.e. Number or Name company, Federal or Provincial Incorporation, and the Province of operation. We also help you with setup up the Business Number, and HST so you can dedicated the time towards other important decisions.
Business need timely statements to make business decision. Timely updates of financials help business achieve their goals and grow. We provide professional book-keeping service on-site and from our office on monthly or quarterly basis.
The payroll cycle is a multi-step cycle where Corporations have to ensure that employees are paid on time, by calculating the Gross-salary and deducting the CPP, EI and income tax from payroll as per the tax table approved by the CRA. Corporation are then required to remit the amount deducted from employee plus add the required employer portion and remit to CRA by the 15 th of the preceding month. We also assist you with preparing and submission of ROE, T4, and T4 summary.
If CRA is auditing your HST, payroll, or General ledger accounts we can help you in compiling the document for the audit. Based on your tax situation we will work with CRA and act as a liaison to resolve your tax matters.
If your business operates in an industry where you need a WSIB certificate, we can help you file your WSIB return and have your certificate as eligible status. We will work with you to ensure that your corporation is able cover all liabilities related to its employee in an event where worker are injured.
Testimonials
"I like the service I received, Wasim is passionate with his work and
dedicated toward his clients. He explained very much in details while
assisting me in both corporate and individual tax filling.
He kept me up-to date about my tax payment status while resolving my past
issue with Canada Revenue Agency (CRA), which shows that he genuinely
cares for his client. He has won my business and I definitely recommend
others to contact him for all their tax need."
-Farhan Khalid / IT 5001040 Canada Inc
"My friend recommended me Xcel for helping me with my taxes. I had just
arrived in Canada and had absolutely no idea on how to fill those forms.
Wasim, from Xcel, was able to explain the whole process in a direct and
easy way to understand, so I was confident that I had chosen the right
company to help me with this task.
Wasim was also very helpful in helping me with many other questions I had,
especially when I had problems with my identity being stolen and used to
order mobile phone lines and credit cards. I definitely recommend them."
-Roberto Soares / SysAdmin LPIC-3
"I like the service I received, Wasim is passionate with his work and
dedicated toward his clients. He explained very much in details while
assisting me in both corporate and individual tax filling.
He kept me up-to date about my tax payment status while resolving my past
issue with Canada Revenue Agency (CRA), which shows that he genuinely
cares for his client. He has won my business and I definitely recommend
others to contact him for all their tax need."
-Farhan Khalid (IT Professional) -5001040 Canada Inc
"I like the service I received, Wasim is passionate with his work and
dedicated toward his clients. He explained very much in details while
assisting me in both corporate and individual tax filling.
He kept me up-to date about my tax payment status while resolving my past
issue with Canada Revenue Agency (CRA), which shows that he genuinely
cares for his client. He has won my business and I definitely recommend
others to contact him for all their tax need."
-Farhan Khalid (IT Professional) -5001040 Canada Inc