Among the many deductions you can make on your annual tax return, did you know that you can also deduct any fees that you pay to an accounting professional or firm, for the preparation of any tax or accounting? Check out this great article from the Canada Revenue Agency on fees that are deductible.
Having someone professionally prepare your taxes ensures that no mistakes are made, and guarantees the highest refund possible. Make sure you keep all your receipts related to your tax return so that your accountant can accurately calculate exactly what you’re deducting. Want to keep your accountant happy? Organize your receipts too, don’t just toss them all into a shoe box and bring them in for your accountant to sort – it will save you time and money in the long run!