Personal Tax Accountant

At Filing Taxes, we specialize in personal tax accounting services in Toronto, helping individuals navigate tax season with confidence and ease. From January to April, Canadians search for reliable support with their T1 personal tax returns—and that’s where our expert team comes in.

With over a decade of experience, our professional personal tax accountants provide accurate, CRA-compliant tax filing tailored to your unique financial situation. Whether you’re employed, self-employed, a student, or a newcomer to Canada, we ensure every credit, deduction, and benefit is properly claimed.

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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, and 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.

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.

  1. Spousal Exemption
  2. Dependents (born earlier than 1993 in the 2013 tax year)
  3. Disability Amounts- T2201
  4. Adoption Expenses
  5. Tuition, Fees, and Education Amounts- T2202 or T2202A
  6. Interest Paid on Student Loans
  7. Medical Expenses
  8. Caregiver Amounts
  9. Charitable Donations- 2013 was the first year of implementation of the first-time donors’ super credit.
  10. Federal or Ontario Political Contributions
  11. Public Transit Pass Amounts (must be monthly passes or passes for four consecutive weeks)
  12. Rent or Property Tax Credit (specific conditions apply)
  13. Child Fitness Credit 
  14. Children’s Arts Tax Credits

Information Slips Needed For Personal Tax Filing

  • Stay organized and get a head start on this tax season with this list of forms and receipts you’ll need to file your taxes.

    Slip TypeDescription
    T4Statement of Remuneration Paid by Employers: employment or commission income earned during a calendar year.
    T4EIf you received any employment insurance benefits, please attach the T4E slip.
    T4AStatement of Pension, Retirement, Annuity, and Other Income.
    T5, T600, T5013AStatement of Investment Income.
    T3Statement of Trust Income Allocations and Designations.
    T4-COVID-19Benefits received – CERB, CRB, CRCB, etc.
    T5013Statement of Partnership Income.
    T5008Statement of Securities Transactions.
    T4A(P)Statement of Canada Pension Plan Benefits.
    T4A(OAS)Statement of Old Age Security.
    T4RSPStatement of RRSP Income. Please inform us if you have a Home Buyers plan, a lifelong learning plan, or are withdrawing excess contributions.
    T4RIFStatement of Income from a Registered Retirement Income Fund.
    T5007Statement of Benefits – Workers’ Compensation or Social Assistance benefits.
    T2202Tuition Slips are issued by your school, college, or university.
    Other IncomeT4PS, RC62, RC210.
    Other slipsSchedule of Capital Gains and Losses, Income from Self-Employment, Debt Forgiveness. If there is any other slip not mentioned here.

Meet Our Professional Accountants

A forward-thinking team with intricate knowledge and rich experience

 

Salman Rundhawa, MBA

CEO

Adeel Asim

Tax Manager

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Our Locations

Visit us at our convenient office locations in Mississauga and Toronto

Mississauga Office

5770 Hurontario St Suite 102 Mississauga, ON L5R 3G5

Mississauga Office

401 Bay Street, Suite 1600, Toronto, ON M5H 2Y4, Canada

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