Filing Taxes is a professional accounting firm providing a wide range of accounting, taxation, and bookkeeping services to clients in Mississauga and the Greater Toronto Area. With years of experience helping both individuals and businesses meet their financial goals, Filing Taxes has established itself as a leading accounting firm in Mississauga
Our Range Of Personal Tax Return Services
No matter how simple or complex your tax situation is, we are ready to handle it! We know that many business and personal taxes are intertwined, and our personal tax services in Toronto and Mississauga offer the integration of both services to help further drive efficiencies. Our comprehensive range of services includes:
Who Must File A Personal Income Tax Return(T1) In Canada?
Your tax filing requirements usually depend on three things: your filing status; your gross income; your age.
Even if you have no income, you should still file your taxes before you turn 19. You may be able to access tax credits and benefits, like sales tax credits or childcare support.
The deadline to file personal income taxes is April 30 and even though self-employed Canadians don’t need to file until June 15, if you owe the Canadian Revenue Agency (CRA, formerly known as Revenue Canada) any money, it must be paid no later than April 30 to avoid any penalties.
We Help You Get All Your Eligible Tax Deductions
A tax deduction, sometimes called a tax write-off, is any legitimate expense that can be subtracted from your taxable income.
Tax deductions are a way to reduce your taxable income and, consequently, your tax bill. You must meet the eligibility criteria to claim a tax deduction.
Lowering your taxable income reduces the amount of tax you have to pay. Generally, multiple deductions can lower your income and put you in a lower tax bracket. In Canada, both federal and provincial deductions can help reduce your tax liability.
As your personal tax accountant in Toronto, Filing Taxes will also identify deductions to be included in your personal tax return to minimize your tax liability.
Tax accounting services are essential for businesses to ensure their success and compliance with the tax system. Our team of professionals aims to navigate the tax system for clients, providing expert advice for any tax issue. We offer services for
Corporate tax services focus on strategies for minimizing taxable income and implementing innovative tax planning techniques. Personal tax accountants ensure clients have an equitable plan for managing their family's economic system and individual assets. We also handle cross-border tax, indirect tax, and non-residents' taxes.
Our team is knowledgeable and handles all tax requirements for Canadians living overseas. They understand audit, tax, and financing issues faced by all segments of the real estate market, including residential land developers, home builders, and private investors.
We Help You Claim All Your Eligible Tax Credits
We understand that the hustle and bustle of tax season can create plenty of questions, especially when it comes to which credits you can claim. As your personal tax accountant in Toronto, we will ensure that all tax credits are applied correctly on your personal income tax return to reduce your tax obligation. We’ve listed the most common tax credits used on a T1 return to help you get the most out of your return this tax season.
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