We prepare personal returns for people in Toronto whose affairs are more than a single T4: the self-employed, landlords, investors, people with income from more than one province or country, and business owners whose personal and corporate positions have to be looked at together.
When it is worth using an accountant
If your income is one T4 and nothing changed, probably not. It is worth it when something is different — you started working for yourself, bought or sold a property, moved provinces or countries, exercised options, or had a year you cannot explain to yourself. Our personal tax return page sets out what is involved.
The two deadlines
Most people file by 30 April. If you or your spouse were self-employed, filing moves to 15 June — but the tax owing is still due on 30 April, which is the part that catches people. Interest runs from the earlier date either way.
Rental property in the city
Toronto returns often have a rental in them, and the years that need care are the first one and the last: what can be claimed in the year of purchase, and what happens in the year of sale. Getting the first year right makes every year after it simpler.
If you own a company too
Your personal return and the corporation's are one decision, not two. See tax planning and corporate tax accountant in Toronto.
Years that were never filed
There is a route back for almost everyone, and it works better before the CRA asks. We file the outstanding years in order and deal with the correspondence.
Our office
ClearWealth Accounting Advisors
1457 McCowan Rd, Suite 202
Toronto, Ontario M1S 5K7
Get directions
Open Monday to Friday, 9 a.m. to 6 p.m.
Phone: (437) 290-5117
Email: info@clearwealth.tax
