Welcome to Elite Accounting

Personal Tax Deadline: Tuesday, April 30, 2013

by Elite Accounting on 03/13/13

This years deadline to file your 2012 T1 Individual tax return is Tuesday, April 30, 2013. We offer a personal service at a reasonable and competitive rate. Feel free to use our forms available in the Resource section of our website to assist with compiling important tax information. Connect with our office by telephone at (613) 755-4011 to have your tax return filed on-time.

The Holding Company

by Elite Accounting on 08/27/12

If your business is a corporation you may want to consider using a holding company to own your operating company. A holding company structure offers tax deferral opportunities, long-term estate planning and other added benefits.

How it works is a holding company owns the shares of the operating company. The operating company can pay a dividend tax-free to a holding company. Having said that, if there are multiple shareholders under the operating company, you may decide not to draw a dividend personally today and pay tax, therefore using the holding company to defer taxes on the dividend and or use the funds for other investments. Now, if you decide to draw funds from the holding company there is an opportunity to income split with other family members. All of this can be accomplished with proper planning and advice.

Connect with us today for a free consultation to find out more about using a holding company within your organizational structure.

Elite Accounting supports local Canadian Junior Dancer

by Elite Accounting on 06/26/12

And the winners are...

Jackie Fortin - $100 Peoples Jewelers gift certificate

Tina Lapensee - $100 St-Laurent gift certificate

--------------------------------------------------------------------

On March 11th, Alexandre Guillot competed in the American Dance Awards competitions and won Junior Dancer of the Year in Montreal regionals. ADA is the largest and one of the most competitive competitions young dancers can enter. In the following weeks, Alex danced in another two competitions (Candance in Montreal and Shine in Gatineau) where he also took top prize for junior dancers. Although Alex is only ten years old, the junior category age range is ten to twelve years old which makes his feat even that more impressive.

By winning these competitions, Alex is entered in the Dancer of the Year National competition in Hollywood, Florida and in Orlando, Florida in early July 2012. These competitions run for a period of two weeks where the child is exposed to renowned choreographers and dance teachers. Each of the regional winners from all over North America will be competing at the end of the workshops for the title.

You can see Alex perform by visiting http://www.youtube.com/watch?v=2477jMEkBtw&sns=em

There is presently a fundraising campaign where you can enter a draw to win one of two $100 gift certificates. Each ticket is sold for 99cents and the draw will take place on June 30th, 2012. The winners will be announced on Elite Accounting's website (www.eliteaccounting.ca) on July 3rd. You can purchase your tickets by contacting Patrick Guillot at (613)325-9352 or by email at patguillot@gmail.com

Elite Accounting sponsors H.O.P.E Volleyball team 2012

by Elite Accounting on 06/10/12

The 30th anniversay H.O.P.E Volleyball Summerfest is happening on Saturday, July 14th in Ottawa at Mooney's Bay Beach.

2012 Canadian Tax Rates

by Elite Accounting on 05/03/12

Now that most of us have filed our 2011 Income tax returns, here are the 2012 Federal rates:

15% on the first $42,707 of taxable income, +
22% on the next $42,707 of taxable income (on the portion of taxable income over $42,707 up to $85,414), +
26% on the next $46,992 of taxable income (on the portion of taxable income over $85,414 up to $132,406), +
29% of taxable income over $132,406.

Click here to see 2012 Combined Federal and Ontario Personal Tax Rates available in our Library!