Personal Tax Services
in Prince George

Professional Tax Preparation for Maximum Refunds and Compliance

Filing personal taxes can be a complex and time-consuming task. At Flagship Accounting, we simplify the process, ensuring accuracy, compliance, and maximum refunds. Whether you are employed, self-employed, a retiree, or an investor, our team of experienced tax professionals will handle your tax filing efficiently, allowing you to focus on what matters most.

Book your personal tax consultation today and ensure you get every deduction and credit you deserve.

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Comprehensive personal accounting services

Flagship Accounting provides expert tax preparation services for individuals in Prince George and beyond. Our tax specialists handle everything from basic tax returns to complex filings for self-employed individuals and investors. We ensure your tax return is accurate, compliant with the Canada Revenue Agency (CRA), and optimized for the best possible outcome.

Maximized Refunds
We identify every possible tax credit and deduction to increase your refund.

CRA-Compliant Filing
Your tax return is prepared accurately to meet all legal requirements.

Hassle-Free Process
We handle all calculations, forms, and submissions on your behalf.

Personalized Tax Advice
Expert recommendations tailored to your financial situation.

Secure and Confidential
Your tax data is handled with the highest level of security.

Year-Round Support
Assistance beyond tax season for CRA inquiries and financial planning.

How our personal tax service works

Step 1: Consultation & Document Collection
Schedule an appointment, either in person or online. We will guide you on what documents are needed, such as T4s, RRSP contributions, and receipts for deductions.

Step 2: Professional Tax Preparation
Our tax specialists review your financial details, apply all eligible credits and deductions, and ensure compliance with CRA regulations.

Step 3: Review & Submission
Before submitting, we provide a detailed breakdown of your return. Once approved, we file your taxes electronically for faster processing.

Step 4: Follow-Up & Year-Round Support
If the CRA has questions or requires further documentation, we assist in responding to inquiries and resolving any issues.

Who can benefit from our personal tax services

Employees & Professionals
Standard tax preparation services for individuals with employment income, ensuring all eligible deductions and tax credits are applied.

Self-Employed & Contractors
Freelancers, gig workers, and independent contractors have unique tax obligations. We help track expenses, optimize deductions, and file accurately.

Retirees & Pensioners
Seniors with government or private pensions need to navigate tax credits, Old Age Security (OAS) clawbacks, and income splitting strategies.

Investors & Rental Property Owners
Tax reporting for capital gains, dividends, and rental income requires specialized knowledge to minimize tax liabilities while staying compliant.

Students & First-Time Filers
Students may be eligible for tuition credits, education expenses, and other tax benefits. We simplify the filing process for first-time filers.

Why choose Flagship Accounting?

Flagship Accounting is a trusted tax and financial services provider in Prince George, offering expertise, transparency, and personalized service. Unlike generic tax software or seasonal tax chains, we take a customized approach to ensure you receive the best tax outcome.

What Sets Us Apart?
Local Expertise – We understand British Columbia’s tax regulations and financial landscape.

Experienced Accountants
Certified tax professionals with years of experience handling complex tax situations.

Personalized Service
Every client receives individualized attention and tailored tax strategies.

Long-Term Tax Planning
Beyond tax season, we help optimize your finances year-round.

Audit Support
In the event of a CRA review, we provide full support and representation.

How to reduce personal income tax in Canada

There are several strategies to legally reduce personal income tax in Canada:

Maximize Tax Credits and Deductions
Claim eligible deductions such as medical expenses, tuition fees, charitable donations, and childcare expenses.

Contribute to an RRSP
Contributions to a Registered Retirement Savings Plan (RRSP) reduce taxable income and defer taxes until retirement.

Take Advantage of Tax-Free Savings Accounts (TFSA)
Investment income earned in a TFSA is tax-free and does not affect income tax calculations.

Income Splitting
Seniors and couples with varying income levels may benefit from splitting eligible pension income or utilizing spousal RRSPs.

Deduct Home Office Expenses
Self-employed individuals or those working from home can claim a portion of home expenses as tax deductions.

Incorporate a Business
For business owners with high incomes, incorporation may offer tax advantages by allowing deferral of taxes and income splitting options.

Flagship Accounting provides year-round tax planning to help clients implement these strategies effectively.

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Common FAQs for personal income tax services

The deadline for filing personal income tax returns in Canada is April 30 of each year. Self-employed individuals have until June 15, but any taxes owed must be paid by April 30 to avoid interest charges.

If you owe taxes and file late, the Canada Revenue Agency (CRA) will charge a 5% late filing penalty, plus 1% for each additional month your return is late, up to a maximum of 12 months. Interest will also accumulate on any unpaid tax amounts.

If you file electronically and sign up for direct deposit, refunds are usually issued within two to three weeks. Paper-filed returns may take six to eight weeks to process.

Yes, filing a tax return is still beneficial, as you may be eligible for tax credits, benefits, and government programs such as the GST/HST credit and Canada Child Benefit.

Common deductions include:

  • RRSP contributions
  • Childcare expenses
  • Medical expenses
  • Charitable donations
  • Tuition and education expenses
  • Employment expenses for remote work or self-employment

Some of the most common tax credits include:

  • Basic personal amount (automatically applied)
  • Canada employment amount
  • Home buyers’ amount
  • Disability tax credit
  • Climate action incentive
  • Pension income credit

If you are self-employed or worked from home due to COVID-19, you may be able to claim a portion of rent, utilities, and office supplies. Employees may use the simplified flat rate method ($2 per day, up to $500) or the detailed method with proper receipts.

  • RRSP contributions reduce taxable income, lowering the amount of tax owed. Withdrawals in retirement are taxable.
  • TFSA contributions do not reduce taxable income, but earnings and withdrawals are tax-free.

Yes, income splitting is possible in some situations, such as pension income splitting for retirees or contributing to a spousal RRSP to shift future taxable income to a lower-earning spouse.

Yes, self-employed individuals must report all business income and expenses. Unlike employees, they do not have taxes deducted automatically, so it is important to plan for tax payments.

Common deductions for self-employed individuals include:

  • Office rent and utilities
  • Advertising and marketing costs
  • Professional fees (accountants, legal services)
  • Vehicle expenses (if used for business)
  • Home office expenses (if working from home)

Rental income must be reported as part of personal income, with eligible deductions including mortgage interest, property taxes, insurance, utilities, and maintenance costs.

Investment income, including dividends, interest, and capital gains, is subject to taxation. Capital gains are taxed at 50% of the profit, while dividends may qualify for tax credits.

If you cannot pay your tax balance by April 30, you may be able to set up a payment arrangement with the CRA. It is important to file on time to avoid penalties, even if you cannot pay immediately.

A CRA audit is a review of your tax return to ensure accuracy. If selected, you must provide supporting documents for your income, deductions, and credits. Flagship Accounting offers audit support and CRA representation.

Effective tax planning strategies include:

  • Maximizing RRSP and TFSA contributions
  • Keeping detailed records of all eligible expenses
  • Spreading out capital gains over multiple years
  • Claiming all available tax credits and deductions

Yes, if you realize you made an error or missed claiming a deduction, you can file a T1 Adjustment Request through your CRA My Account or submit a paper request.

Tax software may work for basic returns, but professional accountants ensure:

  • All deductions and credits are properly claimed
  • Compliance with CRA regulations
  • Tax planning strategies to lower tax liability
  • Audit support in case of CRA reviews

Our fees depend on the complexity of the return. We provide upfront pricing with no hidden fees and offer customized tax solutions based on your needs.

Yes, we offer secure online tax filing services for clients who prefer remote assistance.

Simply book a consultation through our website or call our office. We will guide you through the process and ensure your taxes are filed accurately and on time.

Get expert tax assistance today

Filing your taxes correctly can save you money, reduce stress, and ensure compliance with CRA regulations. Flagship Accounting is here to help you every step of the way, from basic returns to complex tax planning strategies.

Book a Consultation