Accounting Resources

Tax Resources

we love helping you

At Misfeldt & Gunn CPAs we understand that navigating the sometimes tricky world of finance and taxation can be daunting. That's why we've created this comprehensive FAQ page to address some of our client's most common questions about our services, the accounting industry, and the various financial challenges they may encounter. Whether you're a business owner seeking guidance on tax planning, an individual looking for personal financial advice, or simply curious about the world of accounting, you've come to the right place.

Please remember that we are always available for more in-depth advice, strategic planning and personalized consultations via an appointment. Reach out today to resolve your financial and tax concerns.

Tax Information

Initiate Your Personal Tax Preparation

Annual Client Form
(Existing Clients Only)

Our Annual Client Form, designed for returning clients, will help us stay updated on any changes throughout the year, ensuring compliance with CRA disclosure requirements. Once completed, hit ‘submit’.

Personal Tax
Checklist

Our personal tax checklist is designed to help you compile all the documents needed for your personal tax preparation.

Helpful Resources

How To Setup A Personal CRA Account

How To Pay Your Personal Tax Balance

What Are Instalments?

How To Setup A Business CRA Account

How To Register For GST

How To Pay GST

Frequently Asked Questions

1When will my tax return be ready?

It will take us about 2 weeks to complete your tax return once we receive all the required documents.

2When will I receive my Notice of Assessment?

You can expect your Notice of Assessment to show up about two weeks after we file your tax return. Please note that the CRA has implemented Express Notice of Assessment, which will be delivered right after filing your return. However, amounts shown on Express NOA might not be accurate.

3When can I expect my tax refund?

As per Canada Revenue Agency, you can expect to receive your tax refund 2 weeks after you file online, or 8 weeks when you file a paper return.

4How can I pay my tax owing balance to CRA?

You can pay online, in person, or by mail. Please visit CRA at www.canada.ca for more information.

5Can Misfeldt & Gunn CPAs pay my outstanding balance to CRA on my behalf?

Unfortunately, Misfeldt & Gunn CPAs are not able to pay your outstanding balance to CRA on your behalf. If you have questions on how to pay, please contact us.

6When is the deadline to file my taxes?

Your deadline to file a personal tax return is on April 30, or June 15 if you own a small business.

7How can I pay Misfeldt & Gunn CPAs for their service?

Misfeldt & Gunn CPAs receive payments through e-transfer, by phone with credit card, or in person with debit card, credit card, cash or cheque.

Please note that we do not accept taking part of your refund as a way of payment for our invoice.

8How much will it cost?

Since everyone has different tax situations, we are unable to provide exact quotes. However, we are happy to provide you with an estimate. Please contact us.

9When is my tax return going to be filed?

Once your tax return is ready, we will send you a copy for your review. If you agree with the copy, we will need your signature, and payment for the Misfeldt & Gunn CPAs invoice to proceed filing. Please note that we will not file your tax return until we receive your signature and payment. If you have a specific request, please contact us.

10What emails can I expect from the CRA? (If set up)

You can expect to receive the following emails from the CRA

GST notice
Personal information change/ address change (If applicable)
Authorize a representative

11Could you set up my direct deposit?

Unfortunately, CRA no longer allows authorized representatives to set up or update direct deposit information. Taxpayers must do this themselves through My Account, by phone, or by mail.

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What Our Clients Are Saying

    
 
 
      Trustindex verifies that the original source of the review is Google. Sean and his team are exceptional! As first time business owners, we had a lot of questions and they always had the time to answer them and offer up great advice. Their pricing is unbelievably fair and just an overall stand-up firm. Seriously A+ for everything!! Yan and Melissa
  
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   Melissa Leveille 
 
 
 
 
     Trustindex verifies that the original source of the review is Google. Sean and his team are wonderful. Highly recommend.
  
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   Cal McCarthy 
 
 
 
 
     Trustindex verifies that the original source of the review is Google. The whole team at Misfeldt & Gunn is amazing. I've been running a small business for over 5 years, and this team has been with me for much of that time. They've been incredibly helpful answering my questions, and guiding our financial picture toward success. M&G was first recommended to me from a friend, and I've never looked back. If you're looking for trusted advise, clear and responsive communication, kind and intentional instruction, and a team that really cares, look no further.
  
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   David Fairfield 
 
 
 
 
     Trustindex verifies that the original source of the review is Google. My husband & I have been with Misfeldt & Gunn Chartered Professional Accountants for many years, and have found everyone there to be very professional, courteous & helpful. I want to give a special shout out to Paulina Rojas, Manager, Customer Service & Marketing. She is usually the first voice you hear when calling and she has never failed to come through at a moments notice, helping to solve any problem, large or small. They are very lucky to have her. Thanks for everything, Paulina!
  
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   Barbara Johnson 
 
 
 
 
     Trustindex verifies that the original source of the review is Google. I had a very positive experience dealing with this firm and would definitely recommend! The receptionist was incredibly kind and Brad was just amazing! He provided me with valuable insight and addressed all my accounting concerns in a clear and professional manner, 10/10 accounting firm!
  
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   Nahla A 
 
 
 
 
     Trustindex verifies that the original source of the review is Google. Misfeldt & Gunn, and specifically Paulina, Sean, and Hitesh supported me as a new client this tax season. They were very helpful and insightful in working with me and I would recommend their services to others.
  
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   Laura Mudde 
 
 
 
 
     Trustindex verifies that the original source of the review is Google. My family has worked with Deloitte and other large firms for taxes, and honestly, Sean and his team provide better service, at a fraction of the cost.  Misfeldt & Gunn are of course very professional and efficient, but what sets them apart is their dedication to perfection, their communication techniques, and their attentiveness. Sean continuously works to ensure our questions are answered in a very timely fashion, but are also (of course) correctly answered in a way that is easy to understand, and digest. His administrative staff are beyond supportive, helpful, and organized.  This is an incredible firm, and I look forward to referring friends, family, and anyone there.
  
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   Michael Haley 
 
 
 
 
     Trustindex verifies that the original source of the review is Google. We have used Misfieldt & Gun for several years now. They are prompt , attentive and very approachable. Thank you !
  
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   Anna Shtukmeister 
 
 
 
 
     Trustindex verifies that the original source of the review is Google. I highly recommend Misfeldt & Gunn CPA for their expert knowledge and exceptional service. Their team is not only incredibly skilled in all areas of accounting, but also friendly and approachable. They take the time to explain things clearly and always provide tailored advice. A fantastic firm to work with!
  
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   Marc Lazarus

Your Trusted Source for Accounting Answers

Our team of experienced and insightful professionals is committed to providing you with accurate and informative answers to all your accounting-related inquiries. We believe that informed clients are also empowered clients, and our goal is to demystify accounting concepts and regulations so that you can make well-informed financial decisions. Whether you have questions about tax compliance, bookkeeping, financial consulting, or any other accounting matter, you'll find valuable insights and guidance within these frequently asked questions. So, let's get started on your journey to financial clarity and success with Misfeldt & Gunn CPAs!

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Accounting Resources

Tax Resources

we love helping you

Tax Information

Initiate Your Personal Tax Preparation