Home > FAQ’s
Have questions? We’re here to help.
Whether you’re planning your taxes, preparing for retirement, or managing business finances, these FAQs offer clear guidance to get you started.
The best time to start tax planning is at the beginning of the fiscal year or as early as possible. Early planning allows you to take full advantage of tax-saving opportunities and align your financial decisions with current CRA regulations.
You’ll typically need your T4 slips, RRSP contribution receipts, investment income statements (T3, T5), medical receipts, tuition slips (T2202), and other income or deduction-related documents. If you’re self-employed, include expense records and business income summaries.
Stay calm and gather all requested documentation. Reach out to your tax advisor immediately to help you prepare and respond. At Eternity Consulting, we support clients throughout the audit process to ensure compliance and peace of mind.
Tax preparation is the process of filing your taxes accurately and on time. Tax planning, however, is proactive—designed to reduce your tax liability and make smarter financial decisions throughout the year.
Taxable income can be reduced through RRSP contributions, tax credits, business expenses (if self-employed), and eligible deductions like child care, medical expenses, and moving costs. A tax advisor can help you identify the best strategies for your situation.
Yes. A financial plan provides a big-picture view that includes your goals, risk tolerance, retirement strategy, tax position, and estate planning. Investments are just one part of a complete financial strategy.
In Canada, the personal tax filing deadline is April 30th each year. If you’re self-employed, you have until June 15th to file, but any taxes owed must still be paid by April 30th to avoid interest charges. It’s best to prepare early to ensure accuracy and avoid penalties.
We recommend reviewing your financial plan at least once a year or during major life changes—like a new job, home purchase, or business expansion. Regular check-ins help keep your plan aligned with your goals.
Eternity Consulting is your premier destination for expert tax services.
Specializing in high-level tax strategies and solutions, we cater to clients requiring meticulous attention to detail and swift responses. Our team are renowned for their ability to simplify complex tax situations, ensuring you understand every step of the process. Our clients appreciate our proactive approach in achieving optimal tax benefits and our readiness to respond to inquiries at any time.
Need reliable, expert tax guidance? Click to call and speak with our experts today.
