B. Income Tax Preparation Fees
- a) New clients requiring tax returns for previous years which are unfilled, including research for income and liabilities and file set-up: (in addition to Basic Fees for preparation of outstanding T1 Returns noted below)
(b)T1 Returns, Basic Fees, payable by clients, estates and trusts: Taxable Income Fee (i) Taxable income of $0 to $5,000 $15. (ii) Taxable income of $5,00l. to $10,000. $25. (iii) Taxable income of $10,00l. to $20,000. $75. (iv) Taxable income of $20,001.to $30,000. $100. (v) Taxable income of $30,001. to $40,000. $125. (vi) Taxable income of $40,001. to $50,000 $150. (vii) Taxable income of $50,001. and over $175.
(c) In addition to Basic Fees listed in paragraph (b) above, additional fees are payable for preparation of the following Schedules, as indicated: Schedule Fee (i) Schedule 3 Capital Gains and Losses $100. (ii) Schedule 4 Investment Income (no fee for Schedule 4 where only investment income is interest income from OPGT prescribed rate of interest) $50. (iii) T2032 Professional Income $100. (iv) T2042 Farming Income $100. (v) T2124 Business & Commission $100. (vi) T776 Real Estate Rentals $100. (vii) Other Schedules $100. (viii) Additional research & evaluation required to complete any Schedule $100./hr.
(d) Terminal T1 Returns
$100.hr. with a 2 hr. minimum
(e) Basic T3 Returns, payable by estates and trusts:
$100./hr. with a minimum of:
Estates, Trusts, and Taxable Income Fee (i) New estates or trusts (2 hr. min): $200. (ii) Taxable Income of $0 to $10,000. (1 hr. min.) $100. (iii)Taxable Income of $10,001. to $15,000. (1.5 hr. min.) $150. (iv)Taxable Income of $15,001. and over (2 hr. min.) $200
(f) T3s for Beneficiaries of estates or trusts, payable by estates or trusts:
(i) T3 supplementary for resident of Canada: (included in Basic Fees for T3 Returns)
(ii) T3 supplementary for non-resident of Canada: $40.