Just $128 for New Clients
Get More Back From The CRA This Year
With Canada's Best Rated Accountants
Join Our 200+ Clients In Paying The CRA Less
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What's Included With Your Personal Tax Services?
Tired of paying the government too much money? Us too! Here's how we help you pay the CRA less this year.
Deductions
Find new deductions you didn't know about
Leverage all charitable deductions
Proper self-employed expense deductions
Strategic tax deductions
Accuracy
Correctly filed tax returns
No audit envelopes from the CRA
Accountants who take the time to understand where you can save more money
2025 Tax Planning
Save more on your taxes in 2025
Take more deductions
Ensure files are stored for easy compilation
Long term tax planning for your future
Welcome To Profit Financial Services
Pay Less To The CRA This Year
At Profit Financial Services we believe that everyone should get the most back on their tax return. Our team of expert accountants help you not only file this year, but also plan for next year! We'll ensure that you get as much as possible back this year, and then get even more back next year!
You work hard to earn your money, don't let the government take more than they deserve.
Henry Piatek
Partner at Profit Financial Services
Get A Bigger Personal Tax Return This Year
500 +
Happy Clients
20 +
Years Of Experience
12
Amazing Team Members
TESTIMONIALS
What Our Customers Have To Say
"a bookkeeping firm that understand technology"
Henry Piatek we have finally found a Bookkeeping Firm that understands that technology plays an integral role in our company's accounting functions. Since that our experiences in business we have a high volume of daily transactions, the need for cloud accounting systems and integrations is paramount to remove the onerous demands of manual data entry for our workflow.
- Ayra - Owner-LAC Convention Centre
"I highly highly highly, recommend working with Henry."
We're huge fans of Henry and the folks at Profit Financial Services Inc. They set up our books, finances, and other operations, and are constantly organized and on top of things. As a startup, you have to focus on your product and customers, and Profit Financial Services Inc takes care of everything else (which is a massive sign of relief). I highly highly highly, recommend working with Henry.
- Pawel Kuntsman - Founder, Evidence Prime
"I strongly recommend Profit Financial Services Inc"
I strongly recommend Profit Financial Services Inc. to any/all small business owners. Their assistance with Quickbooks Online bookkeeping services (and beyond) has literally changed my life and the financial health of my business. I started working with Henry and his team in late 2016 after working with two other bookkeeping/accounting companies that were not meeting my needs. Since working with Profit Financial Services Inc, l've been able to focus more time and energy on operations & growing my business, I love them.
- Leah S - Surreal Homes Inc.
STILL NOT SURE?
Frequently Asked Questions
What are the federal income tax brackets and rates for 2024?
The federal income tax rates for 2024 are as follows:
- 15% on the first $55,867 of taxable income
- 20.5% on taxable income over $55,867 up to $111,733
- 26% on taxable income over $111,733 up to $173,205
- 29% on taxable income over $173,205 up to $246,752
- 33% on taxable income over $246,752
How do I calculate my combined federal and provincial tax rate?
To calculate your combined tax liability, apply the federal tax rates to your taxable income to determine the federal tax owed. Then, apply the provincial tax rates to the same taxable income to determine the provincial tax owed. Add both amounts to get your total tax liability.
What is the basic personal amount for federal taxes?
For 2024, the federal basic personal amount is $15,705. This amounts are non-refundable tax credits that reduce the amount of income tax you owe.
What deductions and credits are available to reduce my taxable income?
Common deductions and credits include:
- Registered Retirement Savings Plan (RRSP) contributions
- Childcare expenses
- Medical expenses
- Charitable donations
- Tuition and education amounts
These can reduce your taxable income or the amount of tax payable.
When are personal income tax returns due in Canada?
Personal income tax returns for the 2024 tax year are due by April 30, 2025. If you or your spouse/common-law partner are self-employed, the deadline is June 15, 2025; however, any balance owing is still due by April 30, 2025
Clients Feedback
Our Clients Reviews
Just a few of hundreds of happy clients!
Dwight Taylor
Mason and the entire team offer outstanding service, knowledge, and care. When working with Mason I feel like I am his most important client, and this is one of the many reasons I recommend him to family and friends, Dwight Taylor
Ron Dunne
I’ve been extremely pleased with Mason and his team since we connected 2 years ago. I used to do my own taxes when working full time, and when I became self-employed. Once I incorporated, I knew I’d need help, and that’s where Mason and his team came in.
There expertise has saved me thousands of dollars that I was not aware were available. Prompt courteous service…and very easy.
Simply load docs online and the next thing you know, Mason has your returns done.
In addition to my corporate taxes, Mason completed my personal, as well as my daughter’s.
Without hesitation, I would recommend Collective Accounting to help complete your taxes.
Dan Hall
Mason and Debbie have always done an amazing job filing our personal taxes for us. Everything is taken care of efficiently on-line. This year Mason found and filed for an exemption for my wife who was looking at paying a huge capital gains tax on the sale of an investment property. Without Mason we would not have known anything about this. He knows his stuff and knows the right questions to ask. Always available to answer our questions via email or phone. Very knowledgeable and thorough. Highly recommend!
Still Not Sure If Profit Financial Services Is Right?
Book a NO OBLIGATION consultation with our team of accountants.
