Privacy Policy
The VDP allows taxpayers to address tax issues without penalties. Our team simplifies the process, offering expert guidance at a flat rate to ensure quick and hassle-free access to the program.
Protecting Your Privacy: Our Commitment to Confidentiality
Diamond K. Adatia Professional Corporation, Chartered Accountant (DKA) has a responsibility to protect personal information regarding its clients, partners and employees. Our firm believes protecting your privacy is important and has developed a privacy policy designed to meet the needs of its clients and employees and conform to the Personal Information Protection Act (“PIPA”). This policy covers the collection, use and disclosure of personal information by DKA.
Commitment to Confidentiality & Professional Ethics
The Rules of Professional Conduct and related Council Interpretations of the various Provincial Institutes of Chartered Accountants require that partners and staff maintain the confidentiality of client and former client information, as well as the confidentiality of Firm information, except in rare and very specific circumstances.
Upholding Integrity: Confidentiality & Ethical Responsibility
The Rules of Professional Conduct of the Institute of Chartered Accountants of Alberta also require that partners and staff not use confidential information for personal advantage, for the advantage of a third party or to the disadvantage of a client, former client or the Firm, unless consent has been obtained from the client, former client or the Firm.
What Constitutes Personal Information?
Personal information includes any factual or subjective information, recorded or not, about an identifiable individual. This includes information in any form, such as: Age, name, ID numbers, income, or ethnic origin; Opinions, evaluations, comments, social status, or disciplinary actions; and Employee files, credit records, loan records, medical records, existence of a dispute with a client, intentions (for example, to acquire goods or services, or change jobs).
What Is Not Considered Personal Information?
Personal information does not include the name, title, business address or telephone number of an employee of an organization.
What Constitutes Personal Information?
Personal information includes any factual or subjective information, recorded or not, about an identifiable individual. This includes information in any form, such as: Age, name, ID numbers, income, or ethnic origin; Opinions, evaluations, comments, social status, or disciplinary actions; and Employee files, credit records, loan records, medical records, existence of a dispute with a client, intentions (for example, to acquire goods or services, or change jobs).
Why We Collect Personal Information
DKA collects personal information only for the following reasons: To provide the products or services that you have requested and maintain commercial relations with you; To understand your needs and recommend products and services accordingly; To manage our business which includes partnership, employment and succession matters; and To meet legal and regulatory requirements.
Limited Use & Third-Party Sharing of Personal Information
We will not use your personal information for any other reason without your consent and will only share your information with third parties to assist in completing the above uses. Any third party’s use must adhere to our privacy policies or be allowed by legislation. Examples would be an outside payroll service, an agent hired to perform a service for you, a collection agency, a law enforcement agency or emergency services.
Can you file corporate tax returns from my trial balance?
Yes, we can prepare corporate tax returns based on the trial balance you provide. However, it’s essential that the numbers are accurate and logically structured. This process involves a question-and-answer session to ensure confidence in the numbers. The cost typically ranges between $600 to $1,200, depending on the complexity and time involved.
Do you provide financial statements and corporate tax returns from my trial balance, and what is the cost?
Absolutely, we can assist you in preparing Compilation Financial Statements and corporate tax returns based on your trial balance. This comprehensive service includes a thorough examination of your trial balance, bank reconciliations, general ledger details, asset transactions, comparisons with GST returns, and a dialogue to provide you with the assurance needed to sign the Report. The combined package, including the corporate tax return, typically falls in the range of $1,850 to $2,400, based on the provided information and accompanying report notes.
Do you offer full-service bookkeeping, including GST, payroll, tax returns, and financial statements, and what is the cost?
We do provide full-service accounting, which can cost an additional estimated $250 per month to start. The exact pricing depends on the volume of work and the time required for monthly accounting. It’s challenging to quote an hourly rate for accounting services since the complexity can vary significantly. This package includes our tax advice and planning, along with other tax-related services as needed. If a situation surpasses my expertise, we consult tax lawyers to ensure you receive the best advice.
Can you assist with business plans for loan applications?
Yes, we offer assistance with business plans for loan applications. These plans include future-oriented data and reports and are created with considerable experience. The cost can range from $1,000 to $2,500, depending on the complexity of your specific situation.
I'm a non-resident living in Texas, and I have a property to sell in Canada. can you handle the Canadian Taxes?
Non-residents selling Canadian real estate face a unique situation. The funds from the sale are held by the lawyer until specific forms are filed with the tax department and a clearance is obtained. This process can take up to 9 months, based on our experience.
Can you help me appeal my tax assessment?
Yes, we can assist with tax assessment appeals. If you provide the details promptly, we can handle appeals up to the Queen’s Bench if necessary. The initial objection must be filed within 90 days of the assessment. Afterward, there is a waiting period of several months for the appeal papers to be reviewed in detail.
I want to rent my house and move into a rental temporarily. can you advise me on the tax consequences?
Certainly, we regularly handle such scenarios. Whether it’s the best time to declare your house as a rental property and your condo as your new residence depends on various factors, including the current appraised value of your house. We can explore options that allow you to retain your house’s status as your principal residence while you are temporarily away.
Can you assist with estate planning for my family?
We can work with you on various aspects of estate planning. This may include discussing RRSP options and exploring alternatives, especially since you have a business. We collaborate with experienced insurance brokers to create comprehensive plans, including key man insurance for you and life insurance with built-in retirement plans for your spouse. Additionally, we assist with investment plans, tax-free savings accounts, and other tax-efficient options. We can also help plan for your children’s financial futures and ensure the legacy of financial security continues for generations.
Do you provide incorporation services for companies?
Yes, we offer incorporation services tailored to your needs, complete with customized Articles that align with our tax strategies for your company. We’ve adjusted Articles and minute books for corporations multiple times to ensure tax plans work seamlessly. Our incorporation services are reasonably priced.