Doing your own taxes is like doing your own dental work.
You will never be able to keep up with the legal, bureaucratic, and financial changes. Whatever a local competent accounting firm charges, they will almost always recover their cost in a commercial return.
If you have under 12 employees, than ADP payroll can work in some situation.
Taxes are a social construct; teeth aren't. Some taxes are simple enough that a grade schooler can do it. For example, very few people would find difficulty in applying Ontario's 13% Harmonized Sales Tax to general retail purchases. Why shouldn't we aim to have an accessible and equitable tax system that doesn't require dedicated experts ("priests") to interpret?
lol, most fail to understand there is an intricate relationship with the corporate tax and credits system. It is a full time job figuring out the retention of company treasure, handling capital losses constructively, and legal posture preparation to minimize risk.
While founders-syndrome tricks people into thinking they can do anything... they can't do everything... and often end up doing nothing when bankrupt.
You can learn the hard/expensive/painful way, or do things the easy way the first time to retain more cash to invest back into the firm,
If you are an employee filing a T4, and or a shareholder filing your T5... there is still a minefield of mistakes that can trigger taxable events. Depends how much you can legally retain, but the tax systems are often similar to a crime of omission in that it ensures you will miss most opportunities. These rules are complex on purpose.
You will never be able to keep up with the legal, bureaucratic, and financial changes. Whatever a local competent accounting firm charges, they will almost always recover their cost in a commercial return.
If you have under 12 employees, than ADP payroll can work in some situation.