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Professional Tax Accounting Services in Toronto

Tax Accountant Toronto, Your Trusted Partner for Business Success

Finding the right tax accountant in Toronto can make all the difference for your business or personal finances. With complex tax codes and ever-changing regulations, having an experienced tax accountant on your side ensures you maximize deductions, avoid costly mistakes, and keep more of your hard-earned income. 


Proactive Tax Planning for Businesses in Toronto

Some of the tax planning strategies we commonly recommend include:

Capital Gains Planning – Planning the timing of capital acquisitions and dispositions based on your corporate and personal tax situation can result in significant tax savings.

Tax Deduction Opportunities – We ensure you capitalize on every eligible tax deduction such as CCA, interest, taxes, salaries, automobile expenses, meals and entertainment, and other deductions.

Small Business Deduction – If your business is a CCPC, we ensure you fully utilize the small business deduction along with any other provincial tax credits.

Tax Credits – We identify tax credit opportunities you may be eligible for, such as SR&ED, apprenticeship training, or Ontario innovation tax credits.

Corporate Reorganizations – Restructuring your business using strategies like estate freezes, holding companies, or income trusts can minimize corporate taxes.

Tax Loss Utilization – If your business has non-capital or net capital losses, we provide advice on how to use and carry forward losses to offset future profits and taxes.

By starting tax planning early in the fiscal year, our clients are able to implement strategies that maximize tax savings. This reduces the taxes owed or increases tax refunds the following year.


Personal Tax Returns for Toronto Residents

The Ritz-Carlton - Toronto, ON

Services we provide include:

T1 Personal Tax Returns – We prepare and file your T1 personal income tax return with the CRA prior to the tax filing deadline. We maximize deductions and credits to reduce your tax liability.

Tax Planning and Advisory – We explore tax planning opportunities tailored to your personal financial situation. This includes RRSP contributions, tax-loss selling, income splitting, capital gains exemptions, and more.

Tax Minimization – Using our in-depth knowledge of federal and provincial personal tax laws, we employ strategies such as pension splitting, spousal loans, and trust structures to help you legally minimize taxes.

Responding to CRA Letters – If you receive a notice from the CRA regarding your personal taxes, we represent you and negotiate with CRA on your behalf to resolve the issue.

Tax Credits – We identify tax credit opportunities you qualify for and provide guidance on eligibility requirements to maximize your refund.

Estate Taxes – Our tax experts can help you minimize taxes relating to the transfer of assets upon death through proper estate planning and tax filings.

US Tax Preparation and Planning for Canadians

With the extensive cross-border activity between Canada and the United States, properly handling US taxes is crucial for Canadian residents and businesses. Failing to report your US tax obligations can result in significant fines and penalties.

As US tax specialists for Canadian residents, our licensed cross border CPAs and accountants have extensive expertise with Canadian/US taxes, including:

US Tax Return Preparation

We prepare the full range of US tax returns including 1040, 1040NR, 1040NR-EZ, 1120, 1120S, 1065, and related schedules.

Late US Tax Returns

If you have unfiled US tax returns from prior years, we can efficiently prepare them to bring you up to date and avoid further penalties.

US Audit Representation

If you are selected for audit by the IRS, we act as your representative to negotiate the lowest settlement or payment plan.


We file any required Foreign Bank Account Reports (FBAR) and ensure compliance with all FATCA reporting obligations.

US Estate Taxes

For US assets held by Canadian residents, we will determine your US estate tax liability and prepare form 706NA.

US Tax Planning

We develop US tax planning strategies tailored for Canadians regarding real estate, US business holdings, investments, and estate transfers.

US Corporate Taxes

Our cross-border accountants prepare US corporate tax returns for Canadians with US entities, subsidiaries, or permanent establishments.

US Expat Taxes

For Canadians relocating to the US, we provide expert guidance on the resulting changes to your US/Canada tax obligations.

Our Google Reviews

Muhammad zaid Imran
Muhammad zaid Imran
Reliable and efficient service!
Mah noor Naveed
Mah noor Naveed
Salman Is very professional person who knows how to do work and take care of individual and corporate taxes I will recommend him for all ur taxes needs.
I Have 3 words to describe Them professional, friendly and knowledgable. Our experience was so easy and Salman made it seem basically effortless. He prepared our corporate tax returns, including capital gains, quickly and perfectly. We have NEVER had such a great service! Thank you Mr. Salman you are a cut WAY ABOVE others in your profession. See you next year for sure .Highly recommended for personal and corporate tax filling !!!!!!!
Chatty Canadians
Chatty Canadians
The team at filing taxes was supportive and helpful. Will be filing my taxes with them from now on. Check them out!
Mehmood khalid
Mehmood khalid
They completed my self-employed taxes and did an excellent job, They did my corporate taxes for my small business as well as my personal taxes. It was a pleasent experience dealing with filling taxes. I will hire them next year too. They help me with catching up of my past 6 years of corporate taxes. Did an excellent job with bookkeeping and getting CRA off my back. Highly recommend
Ramal khalid
Ramal khalid
I hired FilingTaxes to do my book keeping and to file my corporate taxes. They are very fast and saved me from my taxes as well. Overall very professional service, would recommend this to anyone looking to have their taxes filed correctly and effectively.
I was very happy to discuss my tax questions with Sal. He provided information and the rationale behind it and gave clear answers so that I could act accordingly.

Why Choose Filing Taxes?

Unlike some tax preparers who only focus on individuals, we provide specialized accounting and tax services for all business entities including corporations, partnerships, sole proprietors, rental property owners, and more. 

With over 15 years of experience preparing tax returns and advising small businesses in Toronto, we have developed proven systems and processes that enable us to complete tax filings accurately and efficiently. This frees up more of your time to focus on what matters most – operating and growing your business.

Read on to learn more about our complete range of tax and accounting services for businesses and individuals in Toronto. Discover why we have earned rave reviews from hundreds of satisfied clients across the GTA.

No two people are the same. Our tax refunds are tailored for you and are geared around getting the best possible tax refund. Your money. Your pocket.

Facing Problems in accounts? Need not worry as our expert and professional accountants are just a call away to solve all your accounting and tax issues according to your needs.

We provide flexible meeting choices in Toronto, Mississauga, or via Skype/Zoom. After-hours appointments are available for time-pressed business owners or those in a different time zone.

The best part about our team is the depth of knowledge our advisors have in all diverse areas of Canadian and US Tax. We rely on each other to share expertise to find the best solutions for our valued clients.

We offer flexible, packaged services. Our accounting packages are designed to meet the needs and budgets of business owners in a variety of industries. Our clients know what they’re getting and paying for, so invoices aren’t surprises.

At Filing Taxes, we value your privacy and confidentiality. No work is outsourced. 100% of your services are done by accountants. IT maintains, protects, and backs up our server.

Experienced preparers and expert support ensure the continuity. You can contact Filing Taxes year-round to speak to a courteous, experienced preparer who knows your specific situation and needs.

We have a proven track record with our satisfied clients, having served hundreds and hundreds of people and businesses with their tax returns, income tax preparation, and HST returns. We have the testimonials to prove it!

File Your Taxes In 5 Easy Steps

At Filing Taxes we turn your tax woes into growth opportunities through our technical expertise. When with us, you can put aside your accounting and bookkeeping worries and aim for the ultimate goal, that is, ‘Minimizing Taxes’. We will E-File your taxes with Canada Revenue Agency through our robust but simplified tax filing system

1. Get In Touch

We’re here to serve you today. We’ll examine your tax obligations. Call or submit the form to discuss your needs. We’ll contact you as quick as possible.

2. Paperwork Needed

To keep your tax prep working smoothly, supply us the essential information. We’ve created a checklist to help you identify and get tax-related information.

3. Documentation

Send documents by email or the cloud and a 50% retainer. If your tax position is complex and requires a lot of paperwork, gathering and arranging it will be worth it.

4. Approval & Signature

Approval & Signature After preparing the taxes we send them over to you for your approval and signatures.

5. E-Filing of Taxes

We file the taxes and send you a confirmation for the same after the invoice is paid in full.

Accounting Services You Can Trust

We Are a full-service accounting firm that takes care of payroll, Corporate Taxes, HST filings, and Bookkeeping. We’re always available to respond to your inquiries.


Who We Help

If you own a business or work as a self-employed professional in Canada, we probably have the right accounting solution for you.

How Our Toronto Accountants Can Help You?

We are different from other accounting firms in Toronto because of the wide range of services we offer to our many clients. Some of the benefits you can expect from using our services are:

  1. Impeccable preparation of interim, quarterly as well as monthly reports.
  2. Strategic Forecasts and Budgeting.
  3. Effective assessment of your business valuations.
  4. Preparation of flawless financial statements.
  5. Preparation of result-driven cash flow statements.
  6. Tailor-made bookkeeping solutions by optimizing high-end cloud-based software programs such as Xero and QuickBook etc.
  7. Premium services on Due Diligence, business purchases and many more.

So, you can start working with us right away to get any of these benefits from our full range of accounting services in Toronto. We are experts in accounting, and our main goal is to help your business reach new heights through smart accounting solutions.

Our Tax Tips

Our Blog

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