- 181 Belmont Way SW, Calgary, AB, Canada T2X 5T2
- +1 (204) 588-0578
- +1 (204) 574-8457
- info@pracfinancialservices.com
Reliable Financial Guidance You Can Trust
Tax Filing and Bookkeeping Services in Canada
Organized, CRA-compliant bookkeeping for Canadian businesses. We handle your daily transactions, reconciliations, payables, receivables, and providing clear financial insights for better decision-making.
Simple & Accurate Tax Submissions
Compliant Tax Filings, You Can Trust.
We handle corporate tax filing, GST/HST and PST registration, calculation, filing, and payment to ensure full compliance with Canadian tax regulations. This helps minimize errors, avoid penalties, and keeps your sales tax obligations accurate and stress-free.
Protecting Your Financial Future.
Coverage You Can Rely On
We provide personalized insurance for Super Visa, Travel, and Universal life , whole life and term insurance, helping individuals and families choose the right protection for financial security, peace of mind, and long-term stability.
Accurate Payroll. CRA-Compliant Every Time.
Reliable & Compliant Payroll
We ensure accurate, on-time payroll and full CRA compliance. We manage calculations, deductions, T4/T4A filings, and remittances, so you can confidently focus on running your business.
Grow with Confidence
Smart Strategies for Long-Term Growth.
We build tailored, Canada-focused investment plans with RRSPs, RESPs, TFSAs, FHSAs, and more to grow your wealth, optimize taxes, and achieve your long-term financial goals.
Tax Clarity
Simple, stress-free guidance for Canadian taxpayers.
Proven Results
Trusted tax solutions backed by 20+ years of global experience.
Trusted Advisors
CRA-compliant, and reliable tax optimization support.
Peace Guaranteed
Accurate planning with complete peace of mind.
About Us
We Provide Comprehensive Financial Solutions
PRAC Financial Services delivers trusted Bookkeeping, Accounting, Tax, Insurances (Super Visa, Travel, Term, Whole Life, Universal Life), Investments (RRSP, RESP, TFSA, FHSA, Non-Registered) and Business Advisory services to individuals and businesses across Canada.
With over 20 years of combined experience, we partner with our clients to support growth, ensure compliance, and provide practical financial guidance. Our personalized, hands-on approach and commitment to accuracy, responsiveness, and long-term relationships set us apart.
Tax optimization Strategies
Minimize taxes and maximize savings through deductions, credits, and tax-efficient investments. Regular review and monitoring ensure compliance and optimize long-term financial outcomes.
Tax Deadlines Reminder
Stay on top of filing dates, payment deadlines, and required submissions to avoid penalties and interest. Regularly mark key dates for personal and business taxes to ensure timely compliance.
Comprehensive Solutions for Your Financial Success
From bookkeeping and tax filings to payroll, insurance, and investment planning, we provide end-to-end financial services tailored to your personal or business goals, ensuring clarity, compliance, and growth.
Corporate Tax
We offer complete corporate tax filing services in Calgary for startups and established businesses across Canada. Our services include T2 corporate tax returns, GST/HST/PST filing, payroll, bookkeeping, and strategic tax planning—ensuring accuracy, compliance, and minimized tax liability.
Personal Income Tax
Our personal income tax services in Calgary and across Canada cover employees, self-employed individuals, investors, and families. We ensure accurate T1 tax filing, maximize deductions and credits, and help Canadians file taxes with confidence.
Bookkeeping Service
We provide Canadian businesses with accurate, organized, CRA-compliant bookkeeping, managing transactions, bank reconciliations, accounts payable/receivable, and monthly reports for clear financial insight and decisions.
GST/HST & PST Filing
We offer reliable GST/HST and PST filing services in Canada, ensuring accurate calculations, timely submissions, and full CRA compliance to efficiently manage indirect taxes and avoid penalties.
Payroll Processing
Our payroll services ensure accurate salaries, statutory deductions, timely payments, and proper remittances, keeping your Canadian business compliant while employees are paid on time every month.
Investment Planning
We provide investment planning services in Calgary and across Canada for RRSP, RESP, TFSA, FHSA, and Non-Registered accounts. Our tax-efficient strategies help Canadians grow wealth and achieve long-term financial goals.
Insurance Services
We offer Canadian insurance solutions including Super Visa insurance, Travel insurance, Term Life, Whole Life, and Universal Life insurance. Our plans protect individuals and families across Canada with confidence and peace of mind.
Clients Love Us
Hear What Our Satisfied Clients Have to Say
Don’t just take our word for it. Read genuine feedback from businesses and individuals who trust us with their financial success.
Working with PRAC Financial Services has been an exceptional experience. Parmeet is a powerhouse of knowledge and always looks out for your best interests. I’ve used their tax filing services for two years in a row, and each time the process has been smooth, accurate, and handled with a level of professionalism that gave me complete peace of mind.
Read More...
I’ve had a great experience working with PRAC Financial for my tax filing and related financial services. The process was smooth, well organized, and clearly explained at every step. What I value most is the professionalism, responsiveness, and attention to detail, which gave me complete confidence that everything was handled correctly and on time.
"I’ve been with this company for two years and have always been taken great care of. Parmeet is absolutely exceptional so patient and knowledgeable. He made my tax filing process easy and reducing my stress!"
7 Days Ago
I meant to tell you that you completed my year-end faster than anyone else in 33 years. Congrats.
Tailored Solutions
Expert Knowledge in Reporting Global Income & Assets
We offer specialized expertise in reporting and disclosing global income and global assets. Our team ensures accurate reporting of foreign income, overseas investments, and international assets while maintaining full compliance with CRA regulations.
Optimize your income, manage taxes effectively, and plan investments efficiently with personalized strategies for long-term financial growth and security.
Tax optimization Strategies
CRA Queries, Reviews & Audit Support
Global income and asset disclosures often attract increased scrutiny. We provide end-to-end support in managing CRA queries, reviews, and audits, ensuring your filings are properly supported and professionally represented.
Foreign Disclosures
Preparation and review of required foreign income and asset disclosures
CRA Representation
Direct communication and representation with the CRA
Risk Guidance
Strategic guidance to resolve matters efficiently and minimize risk
Document Support
Strong documentation to support reported information
Bookkeeping Made Easy
Protect Your Tax Information Effortlessly
We use secure, enterprise-grade software trusted by leading firms to collect your tax information seamlessly, ensuring confidentiality, compliance, and an effortless experience.
Effortless Financial Management
Our team ensures your tax data is easy to manage, fully secure, and compliant, giving you peace of mind every step of the way.
Simpler Finances. Greater Success.
All-in-one financial management made simple. Track your finances, gain real-time insights, and plan smarter-without stress or paperwork.
Your Data is Our Priority
Security You Can Trust, Protection You Can Feel
What all services do you include in Tax Filing Fees?
Tax Filing Fees cover full-year support, which is not limited to annual tax filing; it also includes any CRA correspondence regarding that Tax year, full-year tax optimization discussions, and any finance-related guidance or queries.
Do we have to file taxes separately for husband wife?
In Canada, husband-wife common-law tax filings are done together else CRA has to process it in the backend which will delay processing of the filing and release of benefits.
Do we have to pay advance tax?
If the tax liability for the year is over CAD 3,000, then we are required to pay advance tax (exception first year of assessment).
Arrived in Canada in December-file taxes?
Yes, you can file taxes in Canada if you are in Canada for even a single day in a calendar year. Tax filing will start your benefits/credits (GST/HST Credit, OTB/OCB, etc.) from the CRA.