Receive More on your taxes this year with help on your
Personal Income Tax Filing
As Canadians we are among the most heavily taxed citizens in the world, so it’s our right and privilege to ensure that we take advantage of any tax saving opportunities on the road to maximizing assets and grow our wealth.
Whether it’s utilizing RRSPs, RESPs, RRIFs, TFSAs or RDSPs, our team is equipped with the knowledge and strategies to guide you to a tax plan focused on making sure you receive the most for your investments.
We guarantee that you will receive more on your tax return this year by working with a professional tax return specialist.
We work with you in three easy steps:
1. Initial Consultation:
2. Quarterly Meetings:
3. On-Going Reports:
When we begin working together, we will go through your unique individual or business needs together.
To ensure that we are serving your best interests, we will go through your account together every quarter.
We will send out on-going reports that go over our services.
Sole Proprietorship, partnerships, Small business, and Rental Returns
Expert Tax Support for Entrepreneurs and Property Owners.
At Oakbank Tax Services, we understand that running a business or managing rental properties means every dollar counts — and so does every deduction. Our experienced team helps you stay compliant with CRA requirements while maximizing the tax-saving opportunities available to you.
Whether you’re a small business owner, self-employed professional, or rental property investor, we take the time to understand your unique situation and design a tax strategy that fits. From bookkeeping and expense tracking to complex reporting, we make the process efficient and worry-free.
Sole Proprietorships, Partnerships, and Small Businesses
A sole proprietorship is the simplest form of business ownership in Canada, where one individual owns and operates the business. The business and owner are legally the same entity — meaning all income and expenses are reported on the owner’s personal income tax return (T1).
A partnership is similar but involves two or more individuals or entities who share ownership, profits, and responsibilities. Each partner reports their share of the income or loss on their own personal return.
Small businesses can operate as sole proprietorships, partnerships, or corporations. They are typically owner-managed and form the backbone of Canada’s economy, ranging from local service providers to independent professionals and trades.
Because these businesses are not incorporated, their taxes are filed alongside the owner’s personal taxes — requiring careful organization and accurate reporting of business income and expenses.
Business Tax Returns
Our business tax specialists handle everything from sole proprietorships to incorporated companies. We’ll ensure your return is accurate, compliant, and optimized for tax efficiency.
We help with:
Properly categorizing business income and expenses
Maximizing deductions for vehicles, home office, and supplies
Managing capital cost allowances and depreciation schedules
Coordinating bookkeeping, GST/HST filings, and payroll remittances
Year-round tax planning to reduce next year’s liability
With OBS Tax Services, your business doesn’t just stay compliant — it stays ahead.
Rental Property Tax Returns
Owning a rental property comes with unique tax rules — and plenty of opportunities to save. We ensure you report rental income accurately while claiming every eligible expense.
We help you with:
Claiming mortgage interest, insurance, utilities, and maintenance costs
Tracking capital improvements and depreciation (CCA)
Understanding short-term vs. long-term rental tax implications
Coordinating with other income sources to keep your taxes balanced
Planning ahead to minimize taxes when you sell or transfer property
We take care of the details, so you can focus on what matters — growing your business or managing your properties.
Deceased and Estate Planning
Losing a loved one is difficult enough without the added stress of navigating complex tax requirements. At OBS Tax Services, we provide compassionate, professional guidance through the process of filing final (deceased) and estate tax returns. Our team helps executors and family members understand CRA deadlines, required documentation, and available elections to minimize taxes owing at the time of death. We prepare the final T1 return, any required trust or estate T3 returns, and ensure all income, capital gains, and assets are properly reported. Our goal is to make this process as seamless as possible — protecting the estate’s value, ensuring compliance, and helping you preserve more of your loved one’s legacy for future generations.
What We Handle
Our experienced team ensures every detail is taken care of, from start to finish. We’ll help you:
Prepare the Final Return (T1 – Deceased):
Report all income up to the date of death, including employment, pensions, investments, capital gains, and RRSP or RRIF balances.File Estate or Trust Returns (T3):
Handle income earned by the estate after the date of death — such as interest, dividends, or rental income — until assets are distributed.Identify Tax Elections and Opportunities:
Apply available elections (e.g., capital gains exemptions, RRSP rollovers to a spouse, or optional returns) to minimize taxes payable by the estate.Assist Executors and Legal Representatives:
Guide you through CRA requirements, including obtaining a clearance certificate to confirm the estate’s tax obligations are complete.Coordinate With Financial Institutions and Legal Advisors:
Work collaboratively with your professionals to ensure a smooth, compliant, and efficient estate process.
