Omega Accounting And Tax Solutions Inc.

Flipping a home within a year?

Take note.

Selling a residential property (including rentals) within 12 months may mean your full profit is treated as business income, not capital gains, and the principal residence exemption won't apply
There are exceptions for certain life events, like marriage breakdown personal safety concerns, disability employment changes, or insolvency Understanding these rules is key ta avoiding unexpected tax consequences

Connect with us if vou need help planning your sale to stay compliant and protect your profits

Dear existing and prospect

A Canadian-Controlled Private
Corporation (CCPC) is a private
Canadian company that is not controlled
by non-residents or public corporations,
If you own more than 50% of the voting
shares in your private Canadian
company, it qualifies as a CCPC

If you own multiple CCPCs, they may be
considered "associated"--meaning the
$500,000 small business deduction
must be shared between them.
Association rules can be complex, so
careful tax planning is key!

Please contact us at 587 350 2228 or email [email protected]

We accept walk ins for personal tax filing
Please contact us at 403 (403) 891-8617

Dear International Students

it’s tax time! By filing your taxes, you could get a refund, or qualify for benefit and credit payments, like:

➡️ the GST/HST credit
➡️ the Canada Carbon Rebate
➡️ the Canada child benefit
➡️ provincial and territorial payments

Contact us to file your taxes

New to Canada and filing a tax return for the first time? Here’s what you need to know - Canada.ca Did you just move to Canada? Filing your income tax and benefit return is important to get the benefit and credit payments you’re entitled to. These payments can help support you financially.

BUY RRSP AND SAVE TAXES DEADLINE IS MAR 3
CHECK YOUR NOTICE OF ASSESSMENT TO VIEW YOUR RRSP LIMIT OR CALL US

OMEGA ACCOUNTING Wishing Everyone and your family a very happy, healthy and prosperous 2025 😇🥳🎊❤️

Merry Christmas🎄 to everyone from Omega Accounting And Tax Solutions Calgary
We wish you all Happy and safe holidays

Time for 2024 tax planning
Please bring in your Year End documents or contact us at 587=350-2228

Hey teachers! 🍎

Struggling to incorporate taxes into your lesson plans? Look no further 👀

Our new online educator toolkit has the resources that you need to make teaching taxes easier for you and more interactive and fun for your students!

The toolkit includes:
🖍️ colourable posters and worksheets
🎥 video resources
📱 visuals and posts for your own channels
🤑 and more!

Check out the toolkit today to take tax literacy to the next level ➡️ https://ow.ly/usEw50Ui6rq

[Image description: A smiling person holds multi-coloured folders. Behind them is a yellow background with three white diamond outlines to their right.]

OMEGA ACCOUNTING adding New Services for our clients
We offer to fill following forms:
-Child Benefits from CRA
-Passport forms
-WCB registration
-Disability Forms
-CPP (Work pension) forms
-GST application
And many more
Please contact us at 587-350-2228 or email at [email protected]