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.
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:
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.
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 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.
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 Type | Description |
|---|---|
| T4 | Statement of Remuneration Paid by Employers: employment or commission income earned during a calendar year. |
| T4E | If you received any employment insurance benefits, please attach the T4E slip. |
| T4A | Statement of Pension, Retirement, Annuity, and Other Income. |
| T5, T600, T5013A | Statement of Investment Income. |
| T3 | Statement of Trust Income Allocations and Designations. |
| T4-COVID-19 | Benefits received – CERB, CRB, CRCB, etc. |
| T5013 | Statement of Partnership Income. |
| T5008 | Statement of Securities Transactions. |
| T4A(P) | Statement of Canada Pension Plan Benefits. |
| T4A(OAS) | Statement of Old Age Security. |
| T4RSP | Statement of RRSP Income. Please inform us if you have a Home Buyers plan, a lifelong learning plan, or are withdrawing excess contributions. |
| T4RIF | Statement of Income from a Registered Retirement Income Fund. |
| T5007 | Statement of Benefits – Workers' Compensation or Social Assistance benefits. |
| T2202 | Tuition Slips are issued by your school, college, or university. |
| Other Income | T4PS, RC62, RC210. |
| Other slips | Schedule of Capital Gains and Losses, Income from Self-Employment, Debt Forgiveness. If there is any other slip not mentioned here. |
If you’re dreading the looming tax season, welcome to Filing Taxes, dedicated to providing you with the best personal tax filing service in Canada, including Toronto and Mississauga primarily. We offer our expertise to assist you in making the personal tax filing process as smooth as possible. To ensure you get high-quality services, we have a defined procedure:
Step 1: Fill out the intake/update form and submit it
Step 2: Review our Checklist & Provide Your Info
Step 3: You will receive a Confirmation of the Information received
Step 4: Assessment of the information and documents provided
Step 5: Exchange of more details and the discussion phase
Step 6: Recommendations & Drafts for Review
Step 7: Wrapping Up – Filing Personal Tax Return (T1)
If you are happy with your personal income tax return, you'll sign your e-signature package, pay your invoice, and have your income tax return e-filed. Once signed and paid, we'll e-file your personal income tax return immediately.
It appears to be an exhausting process and a lot to keep track of! But do not worry; all you have to do is keep an eye on your email. Our expert personal tax accountants take care of the process and guide you through each step. We have a documented and organized workflow that will keep you (and us) on track.
Wading through tax records and filling out your personal tax return is a daunting task – one that can be frustrating and eat up more hours than you must devote to it.
Many individuals often miss out on valid deductions or make incorrect claims, leading to unfavorable financial outcomes. Canadian tax laws can be intricate and multifaceted, making it challenging for many to fully grasp their tax duties.
Anyone can file an individual tax return, but it takes a professional to make sure you gain back everything you’re owed.
Expert tax accountants help you spot opportunities, maintain compliance, and deliver proactive long-term tax planning. There are several benefits of working with a professional tax accountant for personal tax filing:
We have extensive knowledge of the tax laws and regulations in Canada and are always up to date with any changes that may occur, ensuring that you receive the most accurate assistance in completing the T1 tax returns.
Our squad of professional accountants in Toronto diligently reviews each case with the utmost care and accuracy against the current tax landscape. Our personal tax team strives to offer you tailored, tax-efficient solutions to cover all aspects of your personal tax requirements.
