At Barakat Financials, we believe that understanding your tax obligations, potential deductions, pension plans, and investment opportunities is key to achieving financial security. Whether you’re a salaried professional, self-employed, a first-time homebuyer, a landlord, an investor, or a retiree, our team of experts is here to guide you through Quebec’s complex tax system.
Quebec has its own tax regulations, separate from federal taxation, which can make filing your personal income tax return more complex. We simplify the process and ensure maximum tax savings while ensuring full compliance with both Revenu Québec and the Canada Revenue Agency (CRA).
We handle the accurate and timely filing of your federal (CRA) and provincial (Revenu Québec) income tax returns, ensuring all eligible deductions and credits are applied. Whether you're an employee, self-employed, or earning rental or investment income, we optimize your tax return to maximize refunds and minimize liabilities.
Missed filing your taxes in previous years? Facing CRA or Revenu Québec reassessments? We assist with backlog tax filings, adjustments, and voluntary disclosures to help you regain compliance while minimizing penalties.
Tax planning isn’t just about filing returns—it’s about building a financially secure future. We provide strategic tax planning services, including:
Tax-Free First Home Savings Account (FHSA): Helping first-time homebuyers take advantage of tax-free savings for their first home under federal and Quebec regulations.
Retirement Planning: Advising on RRSP, TFSA, and pension contributions to minimize taxes while securing your retirement.
Investment Taxation: Ensuring tax efficiency in dividends, capital gains, interest income, and investment portfolios.
Tax laws are constantly evolving, especially in the digital and rental economies. We provide expert tax guidance for:
Landlords & Real Estate Investors – Helping property owners navigate rental income taxation, depreciation deductions, and capital gains tax.
Gig Economy Workers & Digital Entrepreneurs – Whether you earn income from Airbnb, Uber, DoorDash, Instacart, or other app-based services, we ensure your taxes are filed correctly while claiming all applicable expenses.
Cryptocurrency & Digital Asset Taxation – Crypto earnings (trading, staking, mining, NFTs) are subject to capital gains and business income tax rules—we help ensure full compliance.
For self-employed professionals, freelancers, and small business owners, we provide personalized accounting and bookkeeping services to track income, expenses, and ensure accurate tax filing. Our services include:
Expense tracking & tax optimization
HST/GST/QST filings for self-employed individuals
Budgeting & financial planning assistance
Quebec offers several tax credits that can significantly reduce your tax burden. We help you claim:
Childcare Expense Tax Credit – Quebec provides generous refundable credits for daycare, babysitting, and childcare services.
Work-From-Home Tax Deductions – If you work remotely, you may qualify for home office deductions on expenses like utilities and rent.
Medical Expenses & Disability Tax Credits – We assess your eligibility for medical, disability, and caregiver tax credits to maximize refunds.
We specialize in provincial and federal tax regulations to ensure you receive all eligible deductions and credits.
We identify every possible deduction to reduce your tax liability while ensuring compliance.
Every financial situation is unique, and we tailor our tax strategies accordingly.
We handle all tax filings, audits, and CRA/Revenu Québec communications, so you don’t have to.
Our team consists of highly trained and certified experts, dedicated to providing industry-leading service and support with excellence.
Reputable firm with years of unwavering trust from satisfied customers and partners.
Committed to innovating solutions that empower customers and enrich their experiences.
Envisioning a future where our services redefine the standards of excellence globally.
Let Barakat Financials help you navigate Quebec’s tax system with ease. Whether you need personal tax filing, investment tax planning, or guidance on complex tax matters, we’ve got you covered. Book a consultation today!
