Professional Tax & Accounting Services
Kevin Dunn has been serving individual
and business clients in Peterborough and the Central Ontario region for
years. Maybe it's time you found out why. We work with you to minimize your tax burden and maximize your profits.
Although we are centred in Peterborough, we have clients in many other
areas including Belleville, Hamilton, Ottawa, Toronto, Markham, and Vancouver. We make effective use of technology
with a human touch.
Our business clients consist of lawyers, veterinarians, real estate agents and brokers,
IT consultants, home builders and others in the construction industry, electricians, insurance brokers,
investment dealers, and many others. Visit our Business Services
page for more information on how we can help your business succeed.
Our personal tax clientele is growing and consists of many self-employed persons, those with investment portfolios,
people with rental properties, retiree's and many others. Visit our Personal Tax
page for more information on how we can assist you with your income tax issues.
Perhaps your financial situation has changed and has created
some questions in your mind. Perhaps you're opening a new business and
need some guidance with the many questions of self-employment. Maybe
you're getting financial results right now but don't really understand
what the numbers mean or where they're leading you. Or perhaps you've
some issues with Canada Revenue Agency, also known as "your silent
Whatever questions or challenges you may have, we can provide you with sensible
options in tune with your financial and non-financial goals.
Oh yes. We'll also do your tax returns or financial
us for more information or to arrange a free initial
New Address As Of March 1 2016!!
We have purchased a building at 302 Park Street N, just around the corner from
our present location(three doors from the corner of Charlotte and Park on the east side of Charlotte Street). Our office will be on the main floor (no more stairs!). The phone number, fax number, and email will remain the same. You'll have
to excuse us for the first couple weeks while we do a bit of renovation but we promise a more accessible location that will serve you better. The new
location has limited parking behind the building but has free street parking for up to one hour.
Year-End Tax Planning
Tax planning is an ongoing process! Now is the time to consider some year-end tax planning tips. You're invited to download our
more detailed 2015 year-end tax planning guide or call/email us for more information. Here are a few quick tips for your year-end tax planning:
CRA Direct Deposit - Canada Revenue Agency ("CRA") plans to stop issuing cheques for tax refunds,
GST/HST credits, Child Tax Benefits, and other programs as of March 2016. It is a convenient time, when filing your 2015 tax return, to apply for
CRA's Direct Deposit plan. You must complete and file the "DD" form containing your bank account information. Don't worry, it only gives CRA the
authorization to put money INTO your account.
Canada Pension Plan - The CPP rules changed on January 1, 2012 for anyone 60 to 70
who is collecting CPP retirement benefits and earning employment income. In years before 2012, you did not have to pay CPP premiums
if you were collecting CPP retirement benefits. As of January 1, 2012, employees who are age 60 to 65 have to pay CPP premiums on their
employment income. Those employees who are 65 to 70 can file an election (CPT-30) with their employer and CRA electing not to pay CPP
premiums on their employment income.
RRSP's - Take a look at your income for 2015 and ask whether or how much of an RRSP you should be contributing. You can refer to our handy tax rate guide to see what your marginal tax rate might be for 2015.
Capital Gains/Losses - Remember that you pay tax on your NET capital gains for the year. Therefore, you may find it useful
to offset some of you capital gains by triggering capital losses before the end of 2015.
Charitable Donations - Your charitable donations must be made by December 31 to claim the donation on your 2015 tax return.
Medical Expenses - You can only claim medical expenses in excess of 3% of your net income (or your spouse's net income). Sometimes it makes sense to pay for some medical expenses by the end of the year to maximize the medical expenses paid in the year. Remember, though, that you can claim medical expenses paid in any twelve month period that ends in the year (as long as you haven't claimed those expenses on a prior tax return!).