We prepare personal tax returns for people whose affairs are not 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 work together.
If you have not filed for a few years, say so when you call. Unfiled returns get worse on their own and better with help, and they are a large part of what we do.
What this includes
- The T1 return and every schedule it needs
- Self-employment and professional income, with expenses properly supported
- Rental income, including the first year of a property and the year it is sold
- Investment income, capital gains and losses, and carry-forwards from earlier years
- Returns for earlier years that were never filed
- Reviewing the notice of assessment when it arrives, and answering the CRA if it asks
The deadlines
Most people have to file by 30 April. If you or your spouse were self-employed, the filing deadline is 15 June — but any tax you owe is still due on 30 April, which is the part that catches people out. Interest runs from the earlier date either way.
If you own a company as well
Your personal return and your corporation's are one decision, not two. How you paid yourself during the year — salary, dividends or a mix — changes both, and it has to be settled before the corporate year end rather than afterwards. We look at them together. See tax planning and corporate tax returns.
Years that were never filed
There is a route back for almost everyone. We file the outstanding years in order, work out the real position rather than the CRA's estimate of it, and deal with penalties and interest where there is a case. Doing it before the CRA starts asking is always better than doing it after.
Questions we are asked about this
When is a personal tax return due in Canada?
For most people the filing deadline is 30 April. If you or your spouse carried on a business, the filing deadline is 15 June, but any balance owing is still due by 30 April. Interest on an unpaid balance runs from 1 May in both cases.
I have not filed for several years. What happens now?
You file them, in order, and deal with the balance. The CRA has relief provisions and a voluntary disclosure route, and both work better when you come forward before they contact you. We prepare the outstanding years and handle the correspondence.
Do you handle rental and investment income?
Yes. Rental income and expenses, the year a property is bought or sold, capital gains and losses, and loss carry-forwards from earlier years are all part of an ordinary return here.
My return is simple. Is it worth using an accountant?
If your income is a single T4 and nothing else 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.
Worth reading
- 2026 Ontario tax brackets and the OAS clawback
- Claiming child care expenses
- Tax-loss selling and the superficial loss rule
Where we work
We are based in Scarborough and act for clients across Toronto and the GTA in person — see accountant in Scarborough and small business accountant in Toronto — and everywhere else in Canada by email and video call.
Our other services
Corporate Tax Returns (T2) · Trust Returns (T3) · HST and GST Filing · Bookkeeping · Payroll · CRA Audits and Disputes · Financial Statements · Tax Planning · Incorporation and Business Setup · Estate and Succession Planning · Cross-Border Tax
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
