Ontario CPAs to prepare thousands of tax returns
Chartered Professional Accountants helping people with low incomes
Toronto, Ontario (February 16, 2016) – The Chartered Professional Accountants of Ontario (CPA Ontario) is offering its annual Tax Preparation Assistance program, which will provide free tax assistance session at various times and locations across the province. Chartered Professional Accountants (CPAs) will prepare tax returns for low-income individuals in their community until the end of April.
The Tax Assistance Program helps thousands of individuals prepare their tax returns so they can complete their income tax and qualify for much-needed tax credits and refunds. Since the program was initiated, many Ontarians have benefited from the volunteer tax-preparation time of CPAs. Today, the program is an ongoing partnership between over 200 community service groups that host the tax preparation services and volunteer CPAs and CPA students who complete the returns free of charge. Last year, over 2,400 volunteers prepared almost 25,000 tax returns in Ontario. CPAs have been assisting in preparing tax returns for low-income earners for 48 years.
To qualify for this tax return assistance, individuals must have total household income less than $40,000 with dependents or less than $30,000 without dependents. Also, there should be no property income, business income and no terminal returns. For information on sessions and to book an appointment, call 416-962-1841 ext. 4462 or visit “Serving the Public” area of the CPA Ontario website at: www.cpaontario.ca.
“This program is vital to communities in Ontario, supporting people who need the help the most,” said Carol Wilding, FCPA, FCA, the President and CEO of CPA Ontario. “Our members find it gratifying to get involved and to be able to give back to the communities where they live and work.”
Individuals who meet the income criteria, and have booked appointments for tax preparation assistance, are asked to bring a copy of their last filed return and notice of assessment, social insurance number for themselves and their spouse/partner, list of dependents and their birth dates and all tax slips and receipts. Tax returns will be completed on site at the centres.
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About the Chartered Professional Accountants of Ontario
CPA Ontario protects the public interest by ensuring its members meet the highest standards of integrity and expertise. CPA Ontario serves and supports its more than 85,000 members and 23,000 students in their qualification and professional development in a wide range of senior positions in public accounting, business, finance, government, not-for-profits and academe. Chartered Professional Accountants are valued by organizations of all types and sizes for their financial expertise, strategic thinking, business insight, management skills and leadership.
For more information, please contact:
Chartered Professional Accountants of Ontario
416-969-4271 or 1-800-387-0735, ext. 4271