Sagacity Tax Services Professional Corporation
Let Us Help you Deal With CRA
Late Tax Filings & Tax Consulting Specialist
Sagacity Tax Services Professional Corp. has been advising businesses and individuals in the Toronto area since 1990. As Toronto small business accountants, we will help you without attitude, judgement or guilt.
86% Business Growth
75% Marketing
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Customers are served in our consulting services
- Growth Method Analysis
- Business Management consultation
- Team Building Leadership
- Assessment Report Analysis
Approach
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Information
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COMPANIES TRUST US WITH THEIR TAX ISSUES
Some Of Our Past Clients
We are proud to have worked with some of the leading companies across industries. Our clients include large corporations, small businesses and non-profit organizations. We are proud to have helped our clients resolve their tax issues.
COMPLETE TAX AND FINANCIAL SERVICES
Services We Provide
Our office was created on the premise of providing highly personalized professional tax preparation and accounting services while being a customer service oriented company.
Unpaid & Back Taxes
There is a program with the Canada Revenue Agency that allows taxpayers to “come clean” and correct any omitted or incorrect tax information. In certain situations, you can avoid prosecution and interest and penalties.
Voluntary Disclosure
It is possible to obtain monetary relief from penalties and interest related to your taxes. In s. 220(3.1) of the Income Tax Act, the Minister of National Revenue is given the ability to waive or cancel all or any portion of any penalty or interest that would otherwise be payable by the taxpayer.
Unfiled Payroll Remittances
Unfiled payroll remittances (Regulation 102) can cause serious back tax problems and be very costly to rectify. Employers are required to withhold and remit withholding taxes for each of their employees unless a waiver of withholding tax has been issued.
Adjusting Your Tax Return
Need to adjust Your Tax Return? Missed something on your tax return? There is an avenue made available by the CRA to allow you to correct your tax return.
Unfiled Withholding Tax
If the withholding requirements of Regulation 105 are not met, the employer is responsible for any monies not collected and it becomes a back tax issue for the employer.
HST/GST Remittances
GST and HST returns can be complicated. Given the business-specific fiscal years, varying reporting periods and dynamic due dates, late payments can occur. Interest and penalties can be severe.
Unfiled Tax Returns
Unfiled personal tax, corporate / business tax and HST/GST returns? Avoid possibly severe interest and penalties. We can help with your back taxes in a stress free enviroment and save.
Failure To Keep Books & Records
Too busy for bookkeeping paperwork? CRA has a requirement to keep books and records. CRA can request that the taxpayer keep records for longer than six years. We can help you keep your books and records in order and minimise the business taxes you pay.
CRA Payment Plans
After all your tax returns have been filed, and CRA has stopped the tax garnishments, you will have to pay your back tax balance. CRA can be harsh at times; however, they do allow back tax payment plans.
Taxpayer Relief
If you have filed your tax return and have been assessed interest and penalties that are unfair, there may be some tax relief. CRA has the ability to waive or cancel back tax interest and back tax penalties in certain situations.
Objection Processes & CRA Notices
If you receive a notice of assessment and you disagree with the tax calculation, we can help you file a notice of objection. You will need to file the notice of objection by the later of 90 days from the notice of assessment or one year from the due date of the tax return.
Business & Corporate Tax Filing
All corporations, non-profit, tax exempt and inactive corporations, have to file a tax return EACH year even if there is no tax payable! It is a criminal offense not to file. A non-resident corporation has to file a T2 return if, at any time in the year, it carried on business in Canada, it had a taxable capital gain, or, in some cases, it disposed of taxable Canadian property.
Corporate Tax Audit
Small businesses are more likely to get audited because they have discretion in income reporting and expense claims. We will help our clients with corporate tax audits to help them understand and exercise their right so that they only pay the taxes you owed, not all the ones CRA asks for.
Tax Planning Strategies
Many Canadians don’t give much thought to how they can reduce their taxes. Most Canadians simply file their tax returns at year end and this is it. However, it is the tax planning throughout the year that saves you money. Waiting until April, when you are doing your tax return, is not advisable, it is too late to do effective tax planning because the year has past.
GST/HST Audit
GST and HST returns can be complicated. Going through a GST/HST audit from the CRA can be incredibly stressful, time consuming, and can end up being very costly. We have years of experience helping companies navigate the CRA audit process.
Accounting & Bookkeeping
Busy operating your business? Who has time for paperwork? Rather be operating your business and making money, right? Focus on your business and let us focus on your bookkeeping and tax accounting needs.
Unpaid & Back Taxes
There is a program with the Canada Revenue Agency that allows taxpayers to “come clean” and correct any omitted or incorrect tax information. In certain situations, you can avoid prosecution and interest and penalties.
Voluntary Disclosure
It is possible to obtain monetary relief from penalties and interest related to your taxes. In s. 220(3.1) of the Income Tax Act, the Minister of National Revenue is given the ability to waive or cancel all or any portion of any penalty or interest that would otherwise be payable by the taxpayer.
Unfiled Payroll Remittances
Unfiled payroll remittances (Regulation 102) can cause serious back tax problems and be very costly to rectify. Employers are required to withhold and remit withholding taxes for each of their employees unless a waiver of withholding tax has been issued.
Adjusting Your Tax Return
Need to adjust Your Tax Return? Missed something on your tax return? There is an avenue made available by the CRA to allow you to correct your tax return.
Unfiled Withholding Tax
If the withholding requirements of Regulation 105 are not met, the employer is responsible for any monies not collected and it becomes a back tax issue for the employer.
HST/GST Remittances
GST and HST returns can be complicated. Given the business-specific fiscal years, varying reporting periods and dynamic due dates, late payments can occur. Interest and penalties can be severe.
Unfiled Tax Returns
Unfiled personal tax, corporate / business tax and HST/GST returns? Avoid possibly severe interest and penalties. We can help with your back taxes in a stress free enviroment and save.
Failure To Keep Books & Records
Too busy for bookkeeping paperwork? CRA has a requirement to keep books and records. CRA can request that the taxpayer keep records for longer than six years. We can help you keep your books and records in order and minimise the business taxes you pay.
CRA Payment Plans
After all your tax returns have been filed, and CRA has stopped the tax garnishments, you will have to pay your back tax balance. CRA can be harsh at times; however, they do allow back tax payment plans.
Taxpayer Relief
If you have filed your tax return and have been assessed interest and penalties that are unfair, there may be some tax relief. CRA has the ability to waive or cancel back tax interest and back tax penalties in certain situations.
Objection Processes & CRA Notices
If you receive a notice of assessment and you disagree with the tax calculation, we can help you file a notice of objection. You will need to file the notice of objection by the later of 90 days from the notice of assessment or one year from the due date of the tax return.
There is a program with the Canada Revenue Agency that allows taxpayers to “come clean” and correct any omitted or incorrect tax information. In certain situations, you can avoid prosecution and interest and penalties.
It is possible to obtain monetary relief from penalties and interest related to your taxes. In s. 220(3.1) of the Income Tax Act, the Minister of National Revenue is given the ability to waive or cancel all or any portion of any penalty or interest that would otherwise be payable by the taxpayer.
Unfiled payroll remittances (Regulation 102) can cause serious back tax problems and be very costly to rectify. Employers are required to withhold and remit withholding taxes for each of their employees unless a waiver of withholding tax has been issued.
Need to adjust Your Tax Return? Missed something on your tax return? There is an avenue made available by the CRA to allow you to correct your tax return.
If the withholding requirements of Regulation 105 are not met, the employer is responsible for any monies not collected and it becomes a back tax issue for the employer.
GST and HST returns can be complicated. Given the business-specific fiscal years, varying reporting periods and dynamic due dates, late payments can occur. Interest and penalties can be severe.
Unfiled personal tax, corporate / business tax and HST/GST returns? Avoid possibly severe interest and penalties. We can help with your back taxes in a stress free enviroment and save.
Too busy for bookkeeping paperwork? CRA has a requirement to keep books and records. CRA can request that the taxpayer keep records for longer than six years. We can help you keep your books and records in order and minimise the business taxes you pay.
After all your tax returns have been filed, and CRA has stopped the tax garnishments, you will have to pay your back tax balance. CRA can be harsh at times; however, they do allow back tax payment plans.
If you have filed your tax return and have been assessed interest and penalties that are unfair, there may be some tax relief. CRA has the ability to waive or cancel back tax interest and back tax penalties in certain situations.
If you receive a notice of assessment and you disagree with the tax calculation, we can help you file a notice of objection. You will need to file the notice of objection by the later of 90 days from the notice of assessment or one year from the due date of the tax return.
Business & Corporate Tax Filing
All corporations, non-profit, tax exempt and inactive corporations, have to file a tax return EACH year even if there is no tax payable! It is a criminal offense not to file. A non-resident corporation has to file a T2 return if, at any time in the year, it carried on business in Canada, it had a taxable capital gain, or, in some cases, it disposed of taxable Canadian property.
Corporate Tax Audit
Small businesses are more likely to get audited because they have discretion in income reporting and expense claims. We will help our clients with corporate tax audits to help them understand and exercise their right so that they only pay the taxes you owed, not all the ones CRA asks for.
Tax Planning Strategies
Many Canadians don’t give much thought to how they can reduce their taxes. Most Canadians simply file their tax returns at year end and this is it. However, it is the tax planning throughout the year that saves you money. Waiting until April, when you are doing your tax return, is not advisable, it is too late to do effective tax planning because the year has past.
GST/HST Audit
GST and HST returns can be complicated. Going through a GST/HST audit from the CRA can be incredibly stressful, time consuming, and can end up being very costly. We have years of experience helping companies navigate the CRA audit process.
Accounting & Bookkeeping
Busy operating your business? Who has time for paperwork? Rather be operating your business and making money, right? Focus on your business and let us focus on your bookkeeping and tax accounting needs.
All corporations, non-profit, tax exempt and inactive corporations, have to file a tax return EACH year even if there is no tax payable! It is a criminal offense not to file. A non-resident corporation has to file a T2 return if, at any time in the year, it carried on business in Canada, it had a taxable capital gain, or, in some cases, it disposed of taxable Canadian property.
Small businesses are more likely to get audited because they have discretion in income reporting and expense claims. We will help our clients with corporate tax audits to help them understand and exercise their right so that they only pay the taxes you owed, not all the ones CRA asks for.
Many Canadians don’t give much thought to how they can reduce their taxes. Most Canadians simply file their tax returns at year end and this is it. However, it is the tax planning throughout the year that saves you money. Waiting until April, when you are doing your tax return, is not advisable, it is too late to do effective tax planning because the year has past.
GST and HST returns can be complicated. Going through a GST/HST audit from the CRA can be incredibly stressful, time consuming, and can end up being very costly. We have years of experience helping companies navigate the CRA audit process.
Busy operating your business? Who has time for paperwork? Rather be operating your business and making money, right? Focus on your business and let us focus on your bookkeeping and tax accounting needs.
You are in good hands with our toronto small business accoutants
Meet Your New Accounting Team
We’re a group of dedicated Chartered Professional Accountants who can help put more of your hard earned money back in your pocket.
Leonard Tam
Practice Director & Tax Accountant
Leonard Founded the practice 25 years ago after meeting everyday owners of small businesses in Ottawa.
The philosophy of his practice still holds true today:
That no small business owner fits in a one-size-fits-all box. He entered the profession because a sincere interest in helping people success – howeever they define sucess.
Jessica Abrams
Office Assistant
I am responsible to ensure smooth communication between Leonard and the clients.
I schedule meetings, entertain client queries & gather all the necessary documents and information from them.
Leonard Tam
Practice Director & Tax Accountant
Leonard Founded the practice 25 years ago after meeting everyday owners of small businesses in Ottawa.
The philosophy of his practice still holds true today:
That no small business owner fits in a one-size-fits-all box. He entered the profession because a sincere interest in helping people success – howeever they define sucess.
Jessica Abrams
Office Assistant
I am responsible to ensure smooth communication between Leonard and the clients.
I schedule meetings, entertain client queries & gather all the necessary documents and information from them.
1:1 Strategy Session
Let us help you without attitude, judgement or guilt.
Facts About Leonard Tam Professional Corporation
Top Rated Toronto Accounting Firm
30 +
Years of Experience
From bookkeeping and tax preparation to financial planning and consulting, we have the expertise to help you reach your financial goals.
4.8 /5
Rating on Google
Our team of highly skilled and experienced accountants are dedicated to providing our clients with the best possible service.
98 %
Satisfaction Rate
We pride ourselves on providing personalized financial service that meets the unique needs of each client.
1,000 +
Businesses Helped
We are always up-to-date on the latest financial regulations. We are confident that we can make the best financial recommendations for you.
PROCESS FOLLOWED BY OUR Toronto small business Accountant Team
How Will We Work Together With You?
Step 1
Contact us for a free consultation
During the free consultation, you can give us a broad view of your situation and various pain points that need to be addressed on a priority basis.
Step 2
Authorize us to represent you in CRA
If you happy with the initial meeting, we will obtain an authorization which will permit us to represent you.
Step 3
Personalized strategy development
We will work with you to develop a tailored strategy to handle the matters at hand, contact CRA if required to establish their immediate needs and concerns.
Step 4
Prepare & submit the tax returns approved by you
We will explain to you the numbers in detail. Once you approve the returns, they will be filed. We will handle any follow ups with CRA on your behalf.
Our Promise To Our Clients
Our Commitment to You
My office has been assisting individuals, corporations and self-employed in unique and challenging tax problems for over 28 years. I understand everyone wants to follow the law and pay the least amount of taxes legally possible. But events in life happen, and returns are not filed on time. However, it can be corrected immediately! Take the worry and fear off your mind today. Let us help you without attitude, judgment, or guilt.
Highest & Most Rated Toronto Small Business ACCOUNTANT
See What Others Say About Us
Check out what people say about us.
Over 50K clients and 5,000 projects across the globe.
Excellent 18,560+ Reviews
4.8/5
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Senior Consultant
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Marketing Manager
In Conclusion
Why Should You Work With Us?
Our Approach
It all starts with you! Period. Your goals and objectives for you as a person, your family and employees.
Our Process
Our work is a relationship based on continued dialogue. Communication is at the core of the process.
Our Results
In the end, it is a partnership with you on your journey and a path towards peace of mind that we offer.
Our Team
We have the most dedicated individuals working together to deliver the best experience.
Your Own CRA Agent
Take the fear out of talking to the CRA. Have a dedicated representative between you and them.
Fixed, Predictable Fees
Why put a time clock on such important matters? No time sheets here and no surprises.
In-Person
Meetings
The world is moving – Fast. Regardless, we make the time to meet in-person.
Customer
Service
Much of what we do starts with listening, being there for you in times of need and being proactive.
Frequently Asked Questions
Common Questions & Answers
How do I book a meeting with Leonard Tam or the team?
You can easily book a meeting with Leonard or a member of our team using our online booking button. We offer in-person, Zoom, or phone consultations, all free of charge. Simply choose the option that best suits your needs.
What are your pricing rates for tax preparation and accounting services?
Our pricing varies depending on the complexity and nature of your situation. After an initial consultation, we will provide you with a detailed quote tailored to your specific needs along with the scope of the work associated with this cost.
Do you offer ongoing accounting support for small businesses?
Yes, we provide comprehensive accounting support for small businesses, including bookkeeping, payroll management, and tax planning. Our services are customized to fit the unique requirements of your business. We also support small business in business consulting and assist our clients in any business questions or issues they are facing throughout the year. It is our policy that we do not charge for phone calls. This provides our clients an open access to Leonard. You are welcome to ask any questions that you feel need clarification in order to run your business effectively.
Can you help with CRA-related issues and audits?
Absolutely. Our team has extensive experience dealing with the CRA and can assist with any tax-related issues, including audits, disputes, and compliance questions. We work diligently to ensure the best possible outcomes for our clients.
You can easily book a meeting with Leonard or a member of our team using our online booking button. We offer in-person, Zoom, or phone consultations, all free of charge. Simply choose the option that best suits your needs.
Our pricing varies depending on the complexity and nature of your situation. After an initial consultation, we will provide you with a detailed quote tailored to your specific needs along with the scope of the work associated with this cost.
Yes, we provide comprehensive accounting support for small businesses, including bookkeeping, payroll management, and tax planning. Our services are customized to fit the unique requirements of your business. We also support small business in business consulting and assist our clients in any business questions or issues they are facing throughout the year. It is our policy that we do not charge for phone calls. This provides our clients an open access to Leonard. You are welcome to ask any questions that you feel need clarification in order to run your business effectively.
Absolutely. Our team has extensive experience dealing with the CRA and can assist with any tax-related issues, including audits, disputes, and compliance questions. We work diligently to ensure the best possible outcomes for our clients.