At Royal Tax Act Inc., operating as Roy’s Tax Services, founded in 1984, we specialize in tax and accounting services for individuals and businesses in Canada. We have over 35 years of proven track record delivering exceptional service to hundreds of satisfied clients by providing personalized attention to every detail of each client’s specific needs and maximizing tax savings and refunds. Our team will also work on your behalf to resolve any discrepancies in the event of a Revenue Canada audit.
We invite you to consider using our services if you want professional and confidential tax and accounting services. At Royal Tax Act Inc, operating under Roy’s Tax Services Inc, we provide a wide range of services including but not limited to:
- Personal and corporate tax preparation and filing
- Accounting and bookkeeping services
- Tax planning and advice
- GST/HST, payroll, and other compliance services
- Business registration and incorporation
- Financial statement preparation
We are committed to keeping up with Canada’s latest tax laws and regulations and use the most up-to-date professional tax software for all our preparation. We also ensure our clients’ accounting records are transparent, accurate and up-to-date.
We are dedicated to providing our clients with year-round support, so they can have peace of mind and assurance that their financial affairs are in good hands. Please don’t hesitate to contact us with any questions or to schedule a consultation. Let us take the tax and accounting burden off your shoulders so that you can focus on your business or personal tax needs.
Navigating Tax Filing Deadlines: Your Essential Guide
As the tax season approaches, staying informed about tax filing deadlines is crucial to ensure compliance with government regulations and avoid penalties. Whether you’re an individual taxpayer, a small business owner, or a corporation, understanding the deadlines relevant to your situation is essential for timely and accurate tax filing. This blog post will provide an overview of.. read more →
Harnessing Change: Exploring Climate Action Incentives
As the world grapples with the urgent need to address climate change, governments and organizations increasingly turn to innovative solutions to incentivize sustainable practices. One such approach is the implementation of Climate Action Incentives, designed to encourage businesses and individuals to adopt environmentally friendly behaviours and technologies. In this blog post, we’ll delve into the concept of Climate.. read more →
Understanding the Digital Services Tax: Implications and Impact
In today’s increasingly digitalized world, the rise of multinational tech giants has prompted governments worldwide to reassess their tax policies. One such response is the introduction of the Digital Services Tax (DST), aimed at ensuring that digital companies contribute their fair share to national economies. In this blog post, we’ll delve into what the DST entails, its implications,.. read more →
Navigating Taxes in Canada: A Brief Overview
Are you feeling overwhelmed by the complexities of taxes in Canada? Whether you’re a resident, a business owner, or someone interested in understanding the Canadian tax system, you’re not alone. Taxes play a crucial role in funding essential public services and supporting the economy, but they can also be a source of confusion and frustration for many Canadians. In this blog post, we’ll provide a brief.. read more →
Six month doubling of GST credit payment starts November 4, 2022
November 4, 2022, Ottawa, Ontario Canada Revenue Agency The first of the Government of Canada’s new financial support measures will take effect this Friday, November 4, 2022, with the additional one-time goods and services tax credit (GST credit) payment. This additional one-time payment will double the GST credit for six months for those who receive it, to help make.. read more →
Applications for the new Canada Dental Benefit are now open!
Seeing a dental care professional is important not only for oral health, but for overall health. In Canada, a third of people do not have dental insurance, leaving many unable to visit an oral health professional to get the dental care they need. That is why today, the Honourable Diane Lebouthillier, Minister of National Revenue,.. read more →
Canada Revenue Agency’s Disability Advisory Committee submits 10 recommendations in its third annual report
The Canada Revenue Agency’s (CRA) Disability Advisory Committee (DAC) released its 2022 annual report today. The report includes 10 recommendations for potential improvements to the disability tax credit (DTC) and its administration. The recommendations are organized into three categories: DTC eligibility and structure; DTC appeals and review process; and protecting the legal interests of DTC applicants where applicable... read more →
Delivering dental care for children now
December 1, 2022London, Ontario Nobody should have to choose between taking care of their kids’ teeth and putting food on the table. Amid economic uncertainty around the world, Canadians are feeling the rising cost of living. To help families pay the bills, the Government of Canada is putting more money back in the.. read more →
Canada Revenue Agency announces maximum pensionable earnings for 2023
The maximum pensionable earnings under the Canada Pension Plan (CPP) for 2023 will be $66,600—up from $64,900 in 2022. The new ceiling was calculated according to a CPP legislated formula that takes into account the growth in average weekly wages and salaries in Canada. Contributors who earn more than $66,600 in 2023 are not required.. read more →
Guide for cryptocurrency users and tax professionals
Guide for cryptocurrency users and tax professionals Cryptocurrency is a relatively new innovation that requires guidelines on taxation so that Canadians are aware of how to meet their tax obligations. The Senate reviewed the issue of taxation on cryptocurrency in 2014 and recommended action to help Canadians understand how to comply with their taxes, which.. read more →