Skip to content

One Accounting

Menu

How Much Does a Tax Accountant Cost in Calgary?

tax accountant Calgary cost

Many people and companies in Calgary consider employing a qualified tax accountant to assist with their financial reporting and tax filing when tax season arrives.

What is the price of a tax accountant in Calgary, then? Typical pricing structures, cost-influencing factors, and whether hiring a tax accountant is worth the investment will all be covered in this blog.

Average Cost of a Tax Accountant in Calgary

The complexity of the tax return and the services needed will determine how much it costs to hire a tax accountant in Calgary. You can anticipate the following price ranges on average:

1. Personal Tax Returns

  • Simple Tax Return: $150 to $300
  • Complex Tax Return (with investments, rental income, or multiple sources of income): $300 to $600

2. Small Business Tax Returns

  • Sole Proprietorship: $400 to $800
  • Incorporated Business: $800 to $2,500

3. Corporate Tax Services

  • Basic Corporate Filing: $1,500 to $3,000
  • Comprehensive Corporate Tax Services (including financial statements and consulting): $3,000 to $10,000+

Flat Fees vs. Hourly Rates

1. Flat Fees

Flat fees are typical for standard tax filing services; the accountant charges a set rate that is determined by the complexity of the return. This model helps clients budget appropriately and offers transparency.

2. Hourly Rates

Some accountants bill by the hour, and their rates can range from $100 to $400, depending on the complexity of the work and their level of experience. Hourly billing is frequently utilized for continuing financial management, audits, and consulting services.

Factors Affecting the Cost of a Tax Accountant Calgary

The cost of hiring a Calgary tax accountant depends several factors. You can choose the best service for your needs and predict costs by being aware of these:

1. Complexity of the Tax Return

The cost increases with the complexity of your financial situation. Expect to pay more, for example, if you have foreign investments, multiple sources of income, or need tax planning for business or real estate ownership.

2. Business Type and Size

Small businesses usually pay less than larger corporations as their financial and tax requirements are less complicated. However, accounting expenses will be higher for incorporated businesses with staff and several sources of income.

3. Additional Services

A lot of tax accountants also provide bookkeeping, audit support, and financial planning. Your total cost will go up if you need these services.

4. Experience and Reputation

Specialized tax accountants with years of experience can offer you insightful advice and money-saving tactics and their fees may be higher.

5. Urgency

Some accountants may charge more for expedited work if you need it during the busiest tax season.

If you are looking for reliable and affordable accounting services in Calgary, One Accounting is here to help. We specialize in providing cost-effective solutions for individuals, small businesses, and corporations. Our experienced team of professionals is committed to delivering high-quality services at competitive rates.

Share:

Recent Blogs