BOMCAS LTD Accounting and Tax Services(Opens in a new browser tab) Edmonton and Sherwood Park Tax Credit(Opens in a new browser tab) Personal and Corporate Tax Services locally and vierually(Opens in a new browser tab) Trust income tax(Opens in a new browser tab) Corporation – Income Tax Return(Opens in a new browser tab) Personal income

Our Accountant are expert at helping real estate investors to structure their operations and investments in a tax efficient manner. Our professionals participate in budget, planning, investment and tax reporting activities, and help real estate investors to make wise decisions Rental income is any payment you receive for the use or occupation of property such as

Accounting for your earnings On this page, you will find information on the following: The accrual method The cash method Change your reporting method How to keep sales and expense journals How to record your business expenses Fiscal period for income tax purposes Calendar year Non-calendar year Corporation tax year Fiscal period-end for GST/HST registrants

Rental income is any payment you receive for the use or occupation of property. Table of contents Is this guide for you? What’s new for 2019? Definitions Chapter 1 – General information Do you have rental income or business income? Goods and services tax/harmonized sales tax (GST/HST) new residential rental property rebate GST/HST rebate for partners

Rental income is any payment you receive for the use or occupation of property. Table of contents Is this guide for you? What’s new for 2019? Definitions Chapter 1 – General information Do you have rental income or business income? Goods and services tax/harmonized sales tax (GST/HST) new residential rental property rebate GST/HST rebate for partners

PAYROLL PROCESSING AND COMPLIANCE There’s more involved in payroll than just sending a check to your employees on payday. We offer a comprehensive payroll solution. Payroll Administrator Our experts take the stress out of staying compliant. We ensure your employees get paid, and your records are in order. Automation Our intuitive, secure software makes adding

Table of Contents Income Tax Act 1 – Short Title 2 – PART I – Income Tax 2 – DIVISION A – Liability for Tax 3 – DIVISION B – Computation of Income 3 – Basic Rules 5 – SUBDIVISION A – Income or Loss from an Office or Employment 5 – Basic Rules 6 – Inclusions 8 – Deductions 9 – SUBDIVISION B – Income or Loss from a Business or Property 9 – Basic

Corporate Tax At BOMCAS Top Accounting Firm Edmonton we bring our tax accountant expertise to assist both domestic and multi-national corporations with services that include, but are not limited to: Corporate income tax preparation and filing of returns GST/HST compliance Financial statement preparation Tax dispute resolution consultations Assistance with design & implementation of international tax

Virtual Accounting Firm located in Edmonton:  Personal Tax At BOMCAS Top Accounting Firm Edmonton our tax experts are dedicated to remaining current with the constantly changing Canadian tax laws. We take the time to understand the unique situation of each of our clients in our service areas of Sherwood Park, Edmonton and surrounding communities, and

We provide continuing bookkeeping maintenance in the background while you focus on your core business operations which helps making us into the top accounting in firm in the region.  As experienced bookkeeping and tax professionals, we’ll help you with all the data entry and bank reconciliations that are required, all on a remote basis. Contact