Tax Credit Services in Ontario
At One Accounting, our Tax Credit Services in Ontario are designed to help individuals and businesses identify, claim, and maximize both federal and provincial tax credits, ensuring you receive the full benefit you’re entitled to. We specialize in helping individuals and businesses identify and claim the tax credits and incentives they deserve. With years of experience in the industry, our team of tax consultants ensures that you maximize your tax savings and stay compliant with Canadian tax regulations.
Why choose us as your tax credit service provider
Expert Knowledge and Experience
At One Accounting, we bring years of expertise in navigating the complex landscape of Canadian and Ontario tax credits. Our team is well-versed in all available tax incentives for individuals and businesses, ensuring you maximize your savings and comply with regulations.
Personalized Tax Credit Solutions
We understand that every client has unique financial situations and goals. That’s why we offer tailored tax credit strategies to suit your specific needs, whether you’re an individual looking for personal tax credits or a business seeking industry-specific incentives.
Free Initial Consultation
We start with a free, no-obligation consultation to evaluate your eligibility for various tax credits. This way, you can learn about potential savings without any upfront commitment.
Proven Track Record of Success
Our clients have saved thousands of dollars through our services. We have helped individuals secure much-needed credits and assisted businesses in obtaining significant tax refunds, demonstrating our commitment to client satisfaction and financial success.
Local Expertise in Toronto’s Tax Landscape
As a Toronto-based firm, we have in-depth knowledge of local tax credits and incentives. We stay up to date with regional regulations and opportunities, making sure you benefit from every available program.
Ontario Tax Credits for businesses
At One Accounting, we specialize in helping businesses of all sizes unlock valuable tax savings through a wide range of tax credit programs available in Ontario. Our expert team provides comprehensive support to identify, apply for, and maximize tax credits that can significantly reduce your company’s tax burden and promote growth. Contact us today to schedule a free consultation and learn how we can help you save more.
We have in-depth experience with Ontario’s business tax credit programs and stay up to date with regulatory changes. Our approach is customized to your business’s specific needs, ensuring you get the most out of the available tax credits. We focus on optimizing your tax credit claims to reduce your corporate tax liability and improve your bottom line.
FREE CONSULTATION
Ontario Research and Development Tax Credit
For larger companies involved in R&D, we provide guidance on applying for the ORDTC, a 3.5% non-refundable tax credit on eligible expenditures. We help streamline the process to ensure accurate filing and optimal tax savings.
Ontario Innovation Tax Credit
We assist small and medium-sized enterprises in claiming the OITC, which offers a 10% refundable tax credit for eligible research and development activities conducted in Toronto. Our experts ensure your business meets all requirements and maximizes its credit claim.
Ontario Interactive Digital Media Tax Credit
If your business develops interactive digital media products, we can help you claim the OIDMTC, which offers up to a 40% refundable tax credit on qualifying development costs. Our team assists with documentation, eligibility verification, and the submission process to secure the incentives.
Film and Television Tax Credits
Toronto’s vibrant film and TV industry can benefit from tax credits like the Ontario Film and Television Tax Credit (OFTTC) and the Ontario Computer Animation and Special Effects Tax Credit (OCASE). We help production companies access these credits, offering refunds on eligible labor and production expenses.
Apprenticeship Training Tax Credit (ATTC) and Co-op Education Tax Credit (CETC)
- We guide businesses hiring apprentices or co-op students through the process of claiming the ATTC and CETC. These credits can reduce employment costs and support skill development, offering up to 35% of eligible expenses.
Ontario Business Research Institute Tax Credit
For companies collaborating with research institutions in Toronto, we facilitate the OBRITC application, which provides a 20% refundable tax credit on R&D contracts. Our team ensures all eligibility requirements are met and helps you maximize your claim.
You ask, we answer
Here are frequently asked questions (FAQ) for our Tax Credit service.
Tax credits are provisions by the government that reduce the amount of tax you owe on your income tax return. They can be refundable or non-refundable.
Our tax experts conduct a comprehensive review of your financial records to identify all eligible credits you qualify for, ensuring you maximize your claim. We stay up-to-date with changes in tax legislation to capitalize on all available opportunities.
We simplify the process by handling all aspects of the application, from identifying eligible credits to preparing and submitting the necessary forms. Our team communicates with tax authorities on your behalf, minimizing the administrative burden on you.
Yes, we provide tailored services for businesses to claim industry-specific tax credits, such as Research and Development Tax Credits and Apprenticeship Job Creation Tax Credits, helping to optimize business tax positions and reduce liabilities.
Contact us to schedule a consultation where we’ll assess your financial situation and discuss available tax credit opportunities. From there, we’ll develop a personalized plan to maximize your savings efficiently.