Frequently Asked Questions

A CPA is required to take additional training each year, so they’re always learning new ways to bring value to clients. This way, Baldip ensures that your personal and professional finances are accurate, forward-looking, and complete.  

No – and Bridex Accounting Services is here to help. Baldip Moore, CPA, CGA, will get you caught up on filing your taxes and completing your year end, and then start planning for the future.

Yes. You can make adjustments up to ten years back. Bridex can assist you with making the changes and filing a T1 adjustment.

Absolutely. Bridex Accounting Services will handle any bookkeeping tasks such as payroll, and ensure your year-end statements are in order. In addition, you can rest assured your annual taxes will be filed on time.

In Canada, your tax filing dates will depend on whether you’re filing as an individual or a business. Review the Government of Canada website to find out your dates as well as the process. It’s vital to file your taxes accurately and on time to avoid penalties and other issues. 

Bal always says the earlier, the better. Most small business owners and professional service providers should start planning their estate when they are in their 40s or 50s, but it’s never too late or too early. You can even begin when you’re in your 20s — or your 60s.

It varies depending on your net worth and the kind of assets you have, and varies case by case. When estate planning is not considered, a considerable portion of the estate has gone to taxes. 

The challenge an estate faces is that the CRA has deemed disposition of all assets at death. This is especially problematic if the deceased taxpayer is asset rich and cash poor. 

Upon death, the CRA has deemed a sale even though a formal sale did not occur. In Bal’s experience, if the estate does not have the cash to pay the taxes due, then the taxes owed may need to come from liquidated assets. With some proper planning, Bal can help address these issues and have the estate prepared to attend to filing and financial obligations.

Bridex offers the fundamental tax preparation services all individuals and businesses need. In addition to that, Baldip Moore can work with you to plan your estate and future taxes. He is available to consult with you about both your current and future financial plans.