Personal Tax Income Returns

Our team will work with you to help make filing your annual personal income tax returns, this year or previous years’, as smooth as possible. We understand how worrisome taxes can be and we strive to make the process as simple and effective as we can. Our goal is to help keep you from procrastinating filing your taxes and ensure you file the appropriate return.

Our goal is to not only help you file your taxes, but to familiarize you with the tax regulations applicable to you so to maximize your filing benefits.

Canadian Tax Credits

Canada Revenue Agency (CRA) has a framework to maximize your benefits. We will ensure that if you’re entitled to them, you receive them. These benefits include:

  • Child-Care Credits
  • Tuition Credits (T2202)
  • Children’s Activity Credits
  • Qualifying Moving Expenses
  • Conditions of Employments Write-Offs (T2200)
  • Support Payments
  • Medical Expense Credits (surpassing 3% of Income)
  • Many other qualifying credits
  • Many other Provincial Schedules from Ontario, Alberta, and British Columbia

Masood Abid Accounting is a registered electric filer (E-File) with CRA and file eligible client’s returns through this system. This not only creates an expedited and accurate filing process but also ensures optimal data security. Your privacy is of the outmost importance to us.

Personal Income Tax Filing Due Dates

All personal taxes are due by the 30th of April each year. If you file your return after this day, any GST/HST credit (including any related provincial credit), Canada Child Tax Benefit payments (including those from related provincial or territorial programs) and Old Age Security benefit payments can be delayed. As well, there are penalties that can apply to individuals who owe taxes and do not file their return by the deadline.

Self-Employed Individuals Tax Filing Due Dates

If you, your spouse or your common-law partner owned a business in a calendar year (other than a business whose expenditures are primarily connected with a tax shelter), your return for that year should be filed on or before the 15th of June the following year. However, if you have a balance owing for that year, you must still pay it on or before the 30th of April deadline.

NEXT STEPS

STEP 1

Fill in the check list and submit. We’ll send you a quote and further questions for you to submit

STEP 2

A completed personal tax filing will be provided for your review

STEP 3

Once approved, we’ll E-file to the CRA. Contact us to book an appointment.