Personal Tax Return
Navigating personal tax requirements can be complex and time-consuming. Our team of experienced tax professionals will assist you in preparing and filing your personal tax returns accurately and efficiently. We handle various tax-related aspects, including calculating and optimizing deductions, credits, and exemptions to tax system. We stay up-to-date with the latest tax laws and regulations to ensure compliance with personal income tax requirements. Our goal is to maximize your tax savings while ensuring accurate reporting and timely filing of your personal tax return.
What is the deadline to file a personal tax return in Canada?
The deadline to file a personal tax return in Canada is usually April 30th of the following year. However, if you or your spouse or common-law partner are self-employed, the deadline is extended to June 15th, although any balance owing is still due by April 30th.
What documents are needed to complete a personal tax return in Canada?
To complete a personal tax return in Canada, individuals typically need documents such as T4 slips (employment income), T5 slips (investment income), receipts for eligible deductions and credits, and any other relevant supporting documentation.
Who is required to file a personal tax return in Canada?
In Canada, individuals are generally required to file a personal tax return if they have taxable income, owe taxes, or want to claim refundable tax credits or benefits.
Can I file my personal tax return electronically in Canada?
Yes, Canada Revenue Agency (CRA) provides an online platform called “NetFile” that allows individuals to file their personal tax returns electronically. Alternatively, individuals can also choose to file a paper return by mail.