Sherwood Park and Edmonton Accounting and income tax return

[wpseo_breadcrumb]

BOMCAS LTD. Provides a full-service Accounting, Taxes, financial and business services such as: Person Income Tax Preparation and Filing Services, Corporate Income Tax Preparation and Filing Services, General Accounting and Assurance services and consultation on complex tax for business and services.


Here is a list of some of the popular services provided however, this not a completed listing of everything so feel free to call and query as needed.

  1. Accounting Services
  2. Bookkeeping
  3. Corporation Tax
  4. Personal Tax
  5. Cash Flow and Budgeting Analysis
  6. Financial Forecasts and Projections
  7. Financial Statements, Reviews & Compilations
  8. Federal and Provincial Sales Tax (GST, HST, PST and QST)
  9. Accounting Software Selection & Implementation
  10. Business Consulting, Business Succession Planning
  11. Business Valuations
  12. Information Technology Consulting
  13. Accounting Software selection for Startup and business upgrades
  14. Computer networking consultation and implementation
  15. Business and Tax Consulting Services
  16. Debt and Financing Services
  17. Estate Planning
  18. Management Advisory Services
  19. Estate and Trust Tax Preparation
  20. Tax Planning and Preparation
  21. Tax Planning
  22. Tax Preparation
  23. Tax Services
  24. Personal Debt Management
  25. Mergers and Acquisitions
  26. Purchase and Sale of Business

CONTACT US TODAY

Sherwood Park & Edmonton Accounting and income tax Services

BOMCAS LTD.
181 Meadowview Bay
Sherwood Park, Alberta T8H 1P7
780-953-5250
info@bomcas.ca

  • Sherwood Park Corporate Tax Accountant
    Sherwood Park Accounting Services
  • Sherwood Park Accounting Services
    BOMCAS Accounting and Tax Services
  • BOMCAS LTD LOGO
    BOMCAS Accounting Firm Edmonton and Sherwood Park
  • Edmonton Income Tax Filing and Payment
    Edmonton Accounting Services
  • Edmonton Accounting and Tax Services
  • Sherwood Park and Edmonton Accountant
    BOMCAS Accounting and Tax Services
  • BOMCAS LTD. Sherwood Park Accounting and Tax Services
    Income Tax Services Edmonton and Sherwood Park
  • Edmonton and Sherwood Park Photography Services
    Edmonton & Sherwood Park Tax and Accounting Services
Sherwood Park and Edmonton Accountant
BOMCAS LTD

Individual income tax return statistics for the 2020 tax-filing season

Returns received by filing method

pie chart of the table that follows
Returns received from February 10, 2020 to August 10, 2020
Filing method Number of returns Percentage of total
EFILE 16,432,692 56.8%
NETFILE   9,608,788 33.2%
File my Return (FMR)        68,702   0.2%
Total – electronic 26,110,182 90.2%
Paper   2,833,462   9.8%
Total – all methods 28,943,644 100%

Electronic filing methods

EFILE is a service that lets authorized service providers and discounters send individual income tax return information to the CRA directly from the software used to prepare the tax return. For more information, see EFILE for individuals.

NETFILE allows you to file your tax return directly to the CRA using the Internet and a NETFILE-certified software product. For more information, see NETFILE. There are even free certified software products available to file your income tax return online.

File my Return (FMR) is an automated phone service that allows eligible individuals to file their returns over the phone. For more information, see File my Return. 

Returns processed by results 

pie chart of the table that follows
Returns processed from February 12, 2020 to August 10, 2020
  Number of returns Total dollar value Average amount per return Percentage of refunds
Refund by cheque   4,625,597   $8,389,670,553 $1,814  24%
Refund by direct deposit 14,269,616 $26,381,226,461 $1,849  76%
Total refunds 18,895,213 $34,770,897,013 $1,840 100%
Balance owing   5,936,530 $36,033,928,137 $6,070 n/a 
Nil return   3,774,515 n/a n/a n/a

Direct deposit

For information about setting up direct deposit, see Direct deposit. If you are registered for My Account, you can apply online.

Processing statistics 

Total number of returns processed*
Tax-filing season EFILE % NETFILE % FMR % Paper % Total
2019 17,520,996 58% 9,103,302 30% 66,543 0% 3,656,091 12% 30,346,932
2018 17,064,452 57% 8,749,150 30% 47,195 0% 3,962,691 13% 29,823,488
2017 16,599,230 57% 8,442,193 29% – – 4,238,982 14% 29,280,405
2016 16,246,107 56% 8,071,902 28% – – 4,728,642 16% 29,046,651
2015 15,720,437 55% 7,662,876 26% – – 5,397,643 19% 28,780,956

*Includes the returns for all tax years that were processed in each filing season

Total number of current year returns processed*
Tax-filing season EFILE % NETFILE % FMR % Paper % Total
2019 16,685,114 59% 8,804,645 31% 66,543 0% 2,905,171 10% 28,461,473
2018 16,276,753 58% 8,485,520 31% 47,195 0% 3,133,947 11% 27,943,415
2017 15,883,436 58% 8,214,776 30% – – 3,438,933 12% 27,537,145
2016 15,556,435 57% 7,890,747 29% – – 3,799,607 14% 27,246,789
2015 15,178,315 56% 7,558,470 28% – – 4,272,475 16% 27,009,260

*Current year returns are those filed during the year of their due date. For example, during the 2019 tax-filing season, returns for the 2018 tax year are current.

original source: https://www.canada.ca/en/revenue-agency/corporate/about-canada-revenue-agency-cra/individual-income-tax-return-statistics.html