T1 Tax Engagement Letter - Partner
Gyroscope Professional CorporationChartered Professional AccountantPO Box 1370Durham ON N0G 1R0E: firstname.lastname@example.org | Ph: 855-448-7765www.Gyroscope.ca
RE: Engagement letter to complete your 2019 T1 Personal Tax Return
The purpose of this letter is to set out a clear understanding of the nature of my involvement as the preparer of your personal income tax return and your responsibilities as the taxpayer.
It is understood and agreed that your responsibility as the taxpayer is as follows:(a) The accuracy of the information and completeness of the representations reflected in your return is your responsibility under the Income Tax Act. You represent that the information supplied to me is, to your knowledge, correct and complete, and fully discloses all of your reporting requirements under the Income Tax Act.
(b) You confirm that you have provided me with all income and deduction items to be included on your tax return and that they are correct and complete. You confirm that all sources of income have been disclosed, all deductions were incurred to earn income, and all credits claimed are supported by receipts.
(c) If you owned certain properties outside of Canada, costing in aggregate, more than $100,000 at any time during the tax year, it is necessary for you to declare such ownership and any income from these properties in this tax return.
(d) You are not aware of any illegal or possibly illegal acts for which you have not disclosed to me all facts related thereto.
(e) Since you are using your own address as the mailing address on this return, I recommend that you provide me with copies (assessments, queries, etc.) of any correspondence you receive from Canada Revenue Agency immediately. In many cases, reply deadlines apply, and if not met, proposed assessments or re-assessments may be issued or opportunities to challenge issues may be lost.
It is understood and agreed that my role as your income tax return preparer is as follows:
I will not audit, review or otherwise attempt to verify the accuracy or completeness of any informationprovided. This income tax return will disclose the following disclaimer: “PREPARED WITHOUT AUDIT OR REVIEW FROM INFORMATION PROVIDED BY THE TAXPAYER”, along with my firm name identified as the preparer of this tax return.
It is acknowledged that I will have access to personal information in your custody that I require to complete your return. My services are provided on the basis that:
(a) you represent to me that you have obtained any required consents for collection, use and disclosure to me of personal information required under applicable privacy legislation; and
(b) I will hold all personal information in compliance with my Privacy Statement. In accordance with professional regulations, my client files must periodically be reviewed by practice inspectors to ensure that I am adhering to professional standards. File reviewers are required to maintain the confidentiality of client information.
The working papers, files and reports that I assemble during the course of my preparation of your return are the property of Gyroscope Professional Corporation. Fees will be charged in accordance with my regular per diem rates determined for time spent on the engagement. Invoices are due and payable upon receipt. Interest will be payable on invoices not paid within thirty days of their date.
I trust that the foregoing sets out our agreement on the matters discussed. I shall be pleased to discuss these terms of engagement further with you at any time, particularly should your requirements change in the future. If the services outlined are in accordance with your requirements and if the above terms are acceptable to you, please sign the copy of this letter in the space provided.
Gyroscope Professional CorporationChartered Professional Accountant
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Document Name: T1 Tax Engagement Letter - Partner
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