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E-FILE SERVICES

About E-file:

E-File is an automated filing system, which allows E-Filer to transmit the tax returns directly from their computer to CRA's computer. Only approved Electronic Filers are permitted to access the E-FILE system on behalf of the taxpayers.

CRA has strict guideline for E-Filers which have to be adhered to.
Ambassador Tax™ established an excellent reputation with CRA.

Benefits of E-Filing:

Secure and confidential
Refund within two weeks
In most cases, you can get your refund in about two weeks, which is much faster than two to three months for mailed returns.

Improved accuracy
Before the tax return is accepted for processing, CRA will perform a series of computer checks and balances. This results in greater accuracy.

Reduced waste and cost
E-FILE is paperless automated system, which reduce the costs of paper, printing, postage. It is the responsibility of the taxpayer to keep all documents and receipts in case of CRA audit.

Direct Deposit of refunds
The taxpayer can have the refund directly deposited to bank account, by providing the bank account information or voided cheque. This is another fast and time saving method.

Ease of payment
Tax returns can be sent to us early, and the client doesn't pay an amount owing until April 30

Eligibility

About 95% of all returns for individuals qualify for E-file. Certain situations-such as non-resident status, bankruptcy status, and income tax due under more than one provincial or territorial jurisdiction-make about 5% of returns ineligible for E-file.

The following is a list of criteria that would not allow you to use E-file:

1.
The client is a deemed resident (not subject to provincial or territorial tax)
2. The client died in 2013 or 2014.
3. The client’s social insurance number begins with a 0.
4. The client went bankrupt in 2013 or 2014 or is in bankruptcy status according to Canada Customs and Revenue Agency’s records.
5. The client is an immigrant, emigrant or a non-resident.
6. The client’s address is outside Canada.
7. The client is subject to provincial income tax in more than one jurisdiction.
8. The client is reporting:
- income/loss from self-employment and/or rental operations for which more than 6 sets of financial statements are prepared.
9. The client is claiming:
- foreign taxes paid to more than one country or is claiming business foreign tax credit.
- a spousal amount for a spouse not resident in Canada
- an amount for other dependants not resident in Canada
- an overseas employment tax credit (T626)
- a disability amount for themselves, for a dependant other than their spouse or for a transfer from their spouse and this is a first time claim or the claim at Field 318 involves more than one dependant.
- capital gains/gifts of capital property (T1170)


Contact us for professional assistance

 
 
Call us at (416) 649-8721