We feel that most accounting firms are structured to cater to their larger clientele and that leaves many individuals and small business owners feeling neglected and left with bills that are too high for tax services they received. To combat this issue, we wanted to create an affordable alternative that focuses solely on this demographic to provide the best quality of service we can.
Most managed marketplaces are “jack of all trades” platforms that can cover a wide range of services but rarely specialize in one area. ProShyft focuses solely on providing tax services. We believe that this selective focus provides a much higher quality of service for the users of our platform.
We are not a CPA firm; we are a marketplace that helps connect individuals and small businesses with CPA Pro's who can provide tax services.
When you make the small up-front fee after completing the registration process, you will be matched with a dedicated CPA to prepare and file your tax return.
All CPA Pro's on our platform are located solely in Canada.
No, we do not allow our professionals to outsource work they have acquired from the ProShyft platform. Only the CPA Pro you have been matched with from the platform will work on your return.
One of the reasons we started ProShyft was to eliminate the need for physical locations within the tax services industry and push it into the virtual world. While our professionals will not meet in person, they are able to use many different methods of communication such as email, phone, video calls, etc. to get the job done.
We personally interview and perform thorough background checks on every CPA that works on our platform. We ensure that they have the necessary qualifications and experience to perform services for you.
You will be provided with login info for a 3rd party secured client portal where you can uploaded/download documents securely with your CPA Pro.
Please refer to our Pricing Page for estimated pricing on services offered through ProShyft
The up-front fixed price provided and paid for in the contract is the price you will pay. If you CPA determines additional services are required, ProShyft will then reach out and discuss this with you.
ProShyft operates in a completely virtual environment which cuts out significant overhead costs inherent in the traditional accounting firms. These savings are then passed on to you. If you would like to learn more about the differences between ProShyft and accounting firms, please visit the Why ProShyft page.
We use Stripe to facilitate all payments made on our platform. Please visit www.stripe.com for more information on their payment service.
All major credit cards are accepted with Stripe.
A small up-front fee will be due after the engagement has been accepted and before any work commences by the CPA. This fee is to lock in your matched CPA. The remaining balance will be due when the engagement is completed.
The first step is to bring this issue up with your matched CPA Pro and try to work it out together and come to a resolution. If this does not work, please reach out to us at ProShyft and we will investigate the dispute and assist you in finding a resolution.
Below outlines all the major support the Canadian government provides to individuals who are impact by COVID-19. For more information on these programs and other programs available, please use the following link to the Government of Canada website.
Canada Recovery Benefit (CRB) - This benefit provides $500 per week for up 26 weeks for workers who have stopped working or had their income reduced by at least 50% due to COVID-19, and who are not eligible for Employment Insurance (EI).
Canada Recovery Sickness Benefit (CRSB) - This benefit provides $500 per week for up to a maximum of two weeks for workers who are unable to work for at least 50% of the week because they contracted COVID-19, are self-isolating for reasons related to COVID-19, or have underlying health conditions that would make them more susceptible to COVID-19.
Canada Recovery Caregiving Benefit (CRCB) - This benefit provides $500 per week for up to 26 weeks per household for workers who are unable to work for at least 50% of the week because they must care for a child under the age of 12 or a family member because schools, day-cares or care facilities are closed due to COVID-19, or because the child or family member is required to quarantine or is considered a high risk because of COVID-19.
Below outlines all the major support the Canadian government provides to businesses who are impact by COVID-19. For more information on these programs and other programs available, please refer to the following link.
Canada Emergency Wage Subsidy (CEWS) - This subsidy covers up to 75% of an employee's wages for qualifying eligible employers; this subsidy rate is in effect until March 13, 2021. The wage subsidy supports you to keep and re-hire your employees and avoid layoffs.
Canada Emergency Business Account (CEBA) - This subsidy provides interest-free, partially forgivable, loans of up to $60,000, to small businesses and not-for-profits, that have experienced diminished revenues due to COVID-19 but face ongoing non-deferrable costs, such as rent, utilities, insurance, taxes and wages.
Canada Emergency Rent Subsidy (CERS) - This subsidy provides direct and easy-to-access rent and mortgage subsidy of up to 65% of eligible expenses to qualifying businesses, charities and non-profits. To learn more about this specific subidy, please visit the following link.
Canada Emergency Response Benefit (CERB) - Any payments you received under the CERB program are fully taxable at your average marginal tax rate. Meaning the full amount you received is added onto any other income earned in the year and you are taxed on the total amount. To learn more about this, please use the following link to the Government of Canada website.
Canada Recovery Benefit (CRB) - Similar to CERB, but the only difference is that there is a 10% tax withheld at the source which you will get as a credit on your tax return when you file. In addition, if your net income is over $38,000 excluding CRB, you will have to reimburse $0.50 of the benefit for every dollar of net income that you earned above $38,000. To learn more, please refer to the following link.
You will receive a T4A slip outlining how much money from CERB and/or CRB you received in 2020 if you applied through your CRA account. Alternatively, if you received CERB through Service Canada, you will receive a T4E outlining how much you received in 2020. To learn more, please refer to the following link.