Tax season is again upon us.
Although Collins Financial Consulting originally focused on retirement assessments those assessments resulted the preparation and electronic filing of clients income tax returns.
The number of returns filed increased consistently over the years until I decided to scale back
Year Number of tax returns filed
2008 1
2009 3
2010 18
2011 28
2012 47
2013 125
2014 171
2015 193
2016 227
2017 207
2018 221
2019 201
2020 192
2021 161
2022 146
Of perhaps equal importance is that beginning in 2012 I identified a number of oversights of previous years returns. The refiling of seven client's returns - in some cases back to 2002 resulted in refunds due to
- splitting of pension income,
- a advantageous reallocation between spouses of charitable donations,
- medical non-refundable tax credits,
- pension non-refundable tax credits,
- the transfer of the age non-refundable tax credit, and
- a Nova Scotia graduate retention tax reduction
From these re filings these clients received additional tax refunds. Each year since additional clients have also received money back. Amounts have totaled,
- $12,704 in 2012
- $39,195 in 2013
- $15,341 in 2014
- $ 4,451 in 2015
- $ 0 in 2016
- $12,778 in 2017, and
- $ 7,576 in 2018
bringing the total to $92,045.
I offer no guarantees anything on your return has been overlooked, but there are $ out there.
If you would like me to prepare and file your 2016 income taxes please contact me at
Sorry, but I am no longer taking on any new income tax clients. However if you would like a Retirement Assessment please do contact me at:
- collinsfinancial@eastlink.ca, or
- 902-435-6363
Norm