Tax Preparation

T1 general tax preparation

Your T1 Personal Tax Return is your income tax return, where simply it is used to summarize all of your sources of income.

It shows your provincial tax, net income, total income, non-refundable credits, and deductions. This form can then be used to apply for your GST return, and/or Canada Child Benefit.

T4 income tax submission

A T4 is a summary of your employment earnings and deductions for the year. This form is typically supplied by your employer at the end of February for your yearly filing.

A T4 should include:

• The employer’s name
• The year the income was earned
• Your name, address, and social insurance number
• Your employment income
• Any employment insurance premiums and income tax deductions from your pay

Sole proprietor and self-employed tax submission

For your sole proprietorship or self-employment tax submission, there are no real distinctions between you and your business in the eyes of the CRA. This also opens up a variety of opportunities to claim expenses against your taxable income as a business owner with justifiable expenses used to generate revenue.

Our team of experts is fluent in all deductible business expenses that could be claimed which reduces your taxable income and thereby reduces your taxable rate.

T2 corporate tax preparation

The T2 Corporation Income Tax Return or “declaration of corporate income”, is required to be filed by all corporations in Canada within 6 months of the end of their fiscal year. 

T2 preparation can be quite cumbersome and when improperly filed it can be faced with severe penalties by the CRA. Our goal is to alleviate the stress on local entrepreneurs by streamlining the filing process, where all matters of accounts are filed correctly and all deduction opportunities for the corporation are investigated to provide the most value back to our corporate clients.