Engagement & Representation Letter - Personal Income Tax Return Preparation
PROFIT Accounting & Associates “The Tax Preparers” will prepare your income tax return(s) (including family members if requested) for any requested tax year(s). To prepare your income tax return(s) accurately, The Tax Preparers will use a Canada Revenue Agency (CRA) approved tax preparation software with automated tax benefit optimization features. Your tax return(s) will be solely prepared based on the information provided by you and under the existing tax laws and CRA's guidelines. The Tax Preparers will not audit, examine, review or otherwise verify the data you submit to us. The Tax Preparers may, however, ask for clarification of some information provided. The Tax Preparers will not provide any tax advice. You will provide the Tax Preparers with the correct information required to prepare complete and accurate returns. You will disclose accurate tax circumstances such as but not limited to your marital status, tax filing status, sale of primary residence during the tax year, foreign assets you or your spouse may own or disposed of during the respective tax year and so forth. Furthermore, you should retain all the documents, cancelled cheques and other data that support your income and deductions. These may be necessary to prove the accuracy and completeness of the return to the CRA. The responsibility for the accuracy of the information and completeness of the representations reflected in your income tax return(s) remains with you. You should review your income tax return(s) carefully and verify the basic data such as the spelling of your name, your current legal address, your marital status, your date of birth and your social insurance number before you have it signed.
The Tax Preparation fee follows the current fee Schedule Plus out-of-pocket expenses and HST. The Tax Preparation Fee covers only and only the task of preparing your Income-tax return(s) and is subject to receiving complete, categorized, totalled and organized information from you. The Tax Preparers reserve the right to charge for any other work such as categorizing, totalling and organizing your records, bookkeeping, follow-ups regarding missing information and so on. Post preparation work such as a walk of your income tax return(s), line by line explanations and other services are billed separately for our time. All invoices are due upon presentation and before filing.
From time to time CRA may require supporting documents or detailed information on any filed tax returns. To avoid a re-assessment, you must respond to these requests promptly. In the event you instruct The Tax Preparers to respond to these inquiries on your behalf, additional fees will be applicable.
I/We the undersigned(s), accept the above terms and authorize PROFIT Accounting & Associates to prepare my/our personal income tax return(s).