Accounting & Tax Preparation Services - Fraser Valley

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Leskun & Son Accounting Serving These Communities Langley Office 604-532-0061 Mission Office 604-826-1215 Chilliwack Office 604-392-1551
Tax Services

We offer a range of tax services to both business owners and individuals living throughout Langley, Abbotsford, Mission, and Chilliwack. All of our tax services are tailored to suit the needs of each client in order to provide them with the best advice and services possible.

Bookkeeping

Our cost-effective bookkeeping services will allow you to spend more time focusing on your business and less time stressing out over your business' books. Our team can ensure that you have well-kept financial records for helping you reach true business success.

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Business Consulting

All of our business consulting services for small businesses in Langley, Mission, Chilliwack, and Abbotsford are designed to help you achieve both personal and business-related success. We will always go the extra mile to ensure that you are receiving the best advice and services for your unique business.

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Tax Benefits and Changes After Marriage

News
Tax Tips | July 30, 2018

Knowing the different tax benefits and changes after marriage can help you better prepare for filing your taxes next year. At Leskun & Son Accounting, we want to help ensure that you get the best tax return possible. That is why we offer a range of accounting services, including tax services for individuals.

3 Ways Getting Married Affects Taxes

Some of the ways getting married can affect your taxes include:

Filing Taxes

After marriage, couples will need to inform the CRA of their marriage by the end of the month following the wedding date in order to allow the CRA to recalculate benefits as soon as possible. When filing your taxes as a couple, the CRA will prompt you to note your marital status, request the name of your spouse or partner, as well as ask for their social insurance number, net income, and information about benefits received and repaid. All of this information will help the CRA determine which common income-based benefits are affected by your marital status.

Spousal Transfers

One of the most significant tax benefits available to married couples is spousal transfers. A spousal transfer allows one person to transfer certain non-refundable credits to their spouse in order to help them reduce their tax liability. Some common spousal transfers include: the age amount, pension income amount, disability amount, and tuition and education expenses.

Spousal Amount

In some cases, married couples may be able to benefit from the spousal amount, which is a non-refundable credit claimed for supporting a spouse at any time during the year. This tax credit can also be claimed if a spouse earned a net income less than $11,635 in 2017.

If you would like to learn more tax benefits and changes after marriage, or if you are interested in one of our services, please contact Leskun & Son Accounting at 1-877-826-1219 or by filling out a contact form on our website. We are proud to offer a wide range for accounting services, including tax services, bookkeeping, and business consulting, to businesses throughout Langley, Mission, and Abbotsford.


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