CRA permits you to go back as far as 10 years of tax filing, to claim any tax benefits/refunds that you missed!
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*Refunds may range from several hundreds to many thousands of dollars.
As a working Canadian, you like everyone else, is obligated to pay taxes and file your taxes at the end of the year. You either fall in to the category of individuals who do it themselves, or those who use an accountant.
With all the independent income tax programs available, many people choose the DIY option when completing their annual taxes. But these programs are standard and don’t always find all the credits and deductions available to you.
For the rest of Canadians who use an accountant, sometimes things can get missed or too expensive to delve too deeply into, especially when going back a few years. This is where the Tax Reclaim Solution comes in. With no up-front cost or obligation, we help you determine if there are any unclaimed tax credits and monies owed to you from the past 10 years.
How does PersonalBanker Recovery optimize my refund?
By law, the Canada Revenue Agency (CRA) allows you to adjust your taxes for the last 10 years. Accountants typically review only the current and prior years tax returns. But we look much deeper into the past – a full 10 years – and with perfect hindsight vision we seek every opportunity within the confines of the Tax Act to benefit you and your family.
Are you in competition with my accountant?
No. Accountants have a good general understanding of the tens of thousands of pages of the Tax Code, similar to a Doctor that is a general practitioner. We are specialists that only work in the complex world of personal tax refunds. We don’t need to contact your accountant for our review purposes but if you prefer, we’ll obtain your accountant’s approval before we submit your adjustments to process your tax refund.
Are my tax files secure with you?
The Tax Specialist assigned to your file is the only individual with access to your information and is bound by Canadian Law to keep your information strictly confidential.
Do I have to send you my old tax returns and paperwork?
Generally not. Most of what we need can be provided online by the CRA.
How much of a refund can I expect?
Most of our tax reviews result in a refund from a few hundred to many thousands of dollars.
When will I receive my refund?
In most cases, a tax review takes a week or two to complete. If you qualify for a refund, you can expect to receive your money from the CRA within four to eight weeks.
We want to put more money, back in your wallet. 10 years’ worth, at no risk to you.