Services
Personal tax return
Filing your return doesn’t have to be stressful. We prepare and file accurate, compliant and timely personal income tax returns built around your own financial situation.
Prefer to talk? Call +1 647 527 2499 or message us on WhatsApp.
Income we file for
We prepare returns for individuals with all kinds of income.
Employment
T4 slips
Learn more →Self-employment
Business income, including Uber income and contract payments (T4A)
Learn more →Investment
Interest, dividends and capital gains
Learn more →Rental
Residential, commercial and vacation properties
Learn more →Pension and retirement
Pension, RRSP and other retirement income
Learn more →April 30
Filing deadline for most individuals
June 15
Filing deadline if you or your spouse had self-employment income
April 30
Any tax owing must be paid, whatever your filing deadline
5% + 1%
Late-filing penalty on your balance owing, plus 1% per full month
Everything for your T1,
in one place
Whether you’re employed, self-employed, retired, or earning rental or investment income, our tax professionals help you claim every deduction and credit you qualify for, while staying fully compliant.
Talk to a tax specialist-
Preparation and filing
Your personal tax return (T1) prepared and filed on time, so you avoid CRA penalties, claim the benefits you’re owed and carry forward your credits and deductions.
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Tax planning and consultation
Advice that helps you reduce what you owe, both at filing time and through the rest of the year.
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Pension, RRSP and retirement income
Correct reporting of pension, RRSP and other retirement income on your return.
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CRA correspondence and audits
Support when the CRA writes to you, requests documents or opens a review.
Do I need to file a return?
In most cases, yes. You must file if any of these apply to you.
- ✓You owe tax to the Canada Revenue Agency (CRA), or you want to claim a refund.
- ✓The CRA has asked you to file a return.
- ✓You sold capital property (including your principal residence) or realized a taxable capital gain.
- ✓You’re self-employed and your net self-employment income is over $3,500.
- ✓You want to carry forward credits and deductions you couldn’t use this year, such as tuition credits.
- ✓You want to receive benefits and credits.
- ✓You opened a First Home Savings Account (FHSA) this year and want your participation room kept up to date.
What happens if you file late
A quick overview of the CRA’s late-filing penalty for individuals.
Standard
5% + 1% per month
5% of your balance owing for the tax year, plus 1% for each full month the return is late, up to a maximum of 12 months.
Repeat late filer
10% + 2% per month
If you were penalized in any of the previous three years and file late again after the CRA formally requests your return, the penalty rises to 10% plus 2% per full month, up to 20 months.
- Even if you can’t pay in full, filing on time avoids the late-filing penalty. Interest on unpaid tax still applies.
- Interest compounds daily on everything outstanding, including tax owing and penalties.
- Instalment penalties apply if your instalment interest is over $1,000, and are charged separately.
- The CRA can cancel or waive penalties and interest within a 10-year lookback period in cases such as extraordinary hardship.
Source: Canada Revenue Agency. Not sure where you stand? Contact us.
New to Canada?
File in the year you arrive
You’re a newcomer if you immigrated at any point in a calendar year (January to December). The CRA offers a range of benefits, credits and programs, but to be eligible you must file a return for the year you arrived.
A common myth is that you don’t need to file if you had no employment or other income. In fact, without a return you won’t receive benefits and credits, including the tuition credit if you’re a student.
Ready to file with confidence?
Your first consultation is free, with no obligation.