Personal Income Tax Returns

Personal Income Tax Returns

Working with a seasoned tax professional is the key to minimize your taxes and maximize your wealth


We have the expertise in all areas of personal income taxes, including but not limited to:

  • Employment expenses
  • Covid-19 home-office expenses (simplified and detailed)
  • Rental income
  • Investment income
  • Capital gains
  • First time home buyers
  • Moving expenses
  • Disability tax credit
  • Medical expenses
  • Charitable donations
  • Dependents
  • Pension income splitting
  • Foreign Income Verification Statement
  • Foreign income and foreign tax credit
  • Immigrant and emigrant
  • Newcomers to Canada
  • Medical expenses
  • Tuition and education credits
  • Membership and union dues
  • Selling of principal residence
  • Converting your principal residence to rental property or vice versa
  • Selling of stocks
  • Previous years' unfiled returns
  • Minimizing taxes & maximizing deductions
  • Electronic filing


Why should I hire a professional to do my personal income taxes?

Preparing your income tax return on your own can be very intimidating, leaving you with countless unanswered questions. Complex tax laws can turn even a simple return to a confusing one. The ever-increasing complexity in tax laws requires a well-qualified tax professional to deal with your complicated taxes. 

Preparing your own taxes can, indeed, turn out to be very costly, as you can miss many of the tax-minimizing opportunities that are known to a professional but not to you. It is just too easy to miss the tax deductions or credits, that may cause you to pay much higher taxes than you have to. 

Using a computer software program usually not a good solution because tax preparation is not a simple data entry. If you do not enter the right information on the right spot, which requires expert knowledge, you just turned your return to be a mess.   

You can easily make costly mistakes by claiming the wrong deductions or credits. Later, when CRA finds them, you may have to pay big penalties and interest charges, whereas paying a professional would cost only a tiny fraction of that. 

You can reduce your taxes through tax planning that can be achieved by working with a competent tax professional.


Life Changes & Taxes 

Changes are part of life and many of them directly affect your taxes.  Marriage, divorce, adoption, having a child, moving for a job, living in primary care facilities, health, sickness, disability etc. all have important consequences on your taxes. With our well-trained staff, any change in your life with tax consequences will be taken care of accurately and in the most tax-effective way within the tax laws. 


Do I have to file a return?

File a return if:

  • You want to claim a tax refund
  • You owe taxes
  • CRA sent you a demand letter to file a return
  • You and your spouse or common low partner jointly want to elect pension income splitting
  • You disposed of capital property and realized taxable capital gains
  • You sold your principal residence
  • You should make repayment for RRSP withdrawals under Home Buyers’ or Lifelong Learning Plans
  • You incurred non-capital losses in the year that you wish to apply to other tax years
  • You want to carry-forward your unused tuition credits to a future year
  • You want to transfer your unused tuition credits to your parents or spouse
  • You want to carry forward the unused investment tax credit to a future year
  • You have to contribute to Canada Pension Income (CPP) from self-employed earnings exceeding $3,500.

You also have to file a tax return if you want to claim the following government benefits:

  • Canada Child Tax Benefits (CCB)
  • Canada Workers Benefit (CWB)
  • GST/HST Credit
  • Guaranteed Income Supplement (GIS)
  • Provincial benefits (i.e. Ontario Trillium Benefit, Climate Action Incentive Benefit)


Let us help you to complete your returns accurately in compliance with the tax laws and the CRA guidelines. We ensure that you do not pay the taxes that you should not be paying by claiming all the right credits and deductions.


We achieve accuracy and the maximum tax savings availabe on your returns by:

  • Holding an initial friendly meeting and going through a comprehensive tax checklist to ensure all the details.
  • Communicating with CRA on your behalf to acquire your tax slips and information, so you do not need to worry about the missing slips.  
  • Maintaining continuous and robust communications, and answering all your questions or concerns on time.
  • Explaining your return results in detail before submitting or e-filing it to CRA.
  • Poviding advice on tax planning that gives you the unique knowledge and tax tips necessary to organize your financial affairs to reap the reward of maximum tax savings in the upcoming tax year.  


Call us today to schedule a free, no-obligation, and confidential consultation with our highly qualified and experienced consultant.  

Take advantage of our free, no-obligation consultancy session and improve your financial life by learning the complexities of your tax matters and the solutions from a professional!