Menu Close
Tax preparation and planning

Personal and Corporate Tax Return Preparation in the GTA

Filed on time, claimed in full, planned before the deadline.

T1 and T2 returns for individuals, self-employed people, and incorporated businesses, with planning through the year so April holds no surprises.

Preparing a personal tax return with supporting paperwork and a calculator in Toronto
Filed on timePlanned before year end
Apr 30Personal T1
filing deadline
Jun 15Self-employed
filing deadline
6 moAfter year end for
corporate T2
$0Cost of the first
consultation
Why it matters

Preparation is one day. Planning is the year.

Filing a return records decisions you already made. By the time the slips arrive in February, the RRSP contribution was either made or it was not, the vehicle log was either kept or it was not, and the salary and dividend split for the year is already fixed.

Planning is the part that changes the number. That means deciding how you pay yourself before the year closes, timing capital purchases and dispositions, using RRSP and FHSA room while it is available, and knowing what instalments the CRA expects so you are not hit with interest.

Returns are prepared from reconciled records where we also handle your bookkeeping, which shortens the process and reduces what gets missed. If the CRA later asks about a claim, the supporting documents are already in one place, which keeps any review short.

What is included

Returns filed, and the year planned

T1 personal returns

Employment income, slips, credits, medical and donation claims, and anything carried forward from prior years.

T2 corporate returns

Corporate returns filed six months after your fiscal year end, with schedules and financial statements attached.

Self-employed and rental

Business and rental income reported with expenses supported, including home office and vehicle claims.

Year round planning

Salary and dividend decisions, instalment planning, and timing choices made before the year closes rather than after.

Late and prior year returns

Outstanding years filed in the right order, with the CRA dealt with directly about any balance owing.

RRSP, FHSA and TFSA

Contribution room checked and used deliberately, rather than discovered after the deadline has passed.

How it works

From slips to filed

01

Send what you have

Slips, receipts, last year notice of assessment, and details of anything sold during the year. We tell you what is missing.

02

We prepare and review

The return is prepared, then walked through with you before anything is filed, so you know what changed and why.

03

Filed, then planned

Filed electronically, and we flag what to do differently next year while there is still time to act on it.

Who this suits

Individuals and business owners

Employees with a simple return

One or more T4s, plus credits and deductions most people miss because nothing prompts them to claim.

Self-employed and freelancers

Business income on a personal return, HST if you are registered, and expenses documented well enough to hold up.

Incorporated owners

Corporate returns plus the personal side, with the two planned together rather than filed as separate events.

Further reading

Guides on tax

Deductions

Top Small Business Tax Deductions in Canada for 2026

Read the guide →Employees

Tax Deductions for Employees in Canada: 2026 Guide

Read the guide →Owner pay

Salary vs Dividends in Canada: A 2026 Guide

Read the guide →RRSP

RRSP Investment Options: Secure Your Retirement

Read the guide →FHSA

FHSA Strategies for First-Time Buyers in the GTA

Read the guide →TOSI

Paying Dividends to Family Members: TOSI Rules Explained

Read the guide →

Deadline coming up?
Let us file it properly.

Get a Free Consultation Call 647-458-0481
FAQ

Tax questions we get asked

When is my tax return due?

Personal T1 returns are due April 30. If you or your spouse are self-employed, the filing deadline moves to June 15, though any balance owing is still due April 30. Corporate T2 returns are due six months after your fiscal year end.

What happens if I file late?

The CRA charges a late filing penalty on the balance owing plus interest that compounds daily. Filing on time without full payment costs less than filing late, so we file first and deal with the balance after.

Should I pay myself salary or dividends?

It depends on your income level, whether you want RRSP room, and how much the corporation is retaining. Both have a place, and the split is a decision to make before the year closes rather than at filing time.

Do I need to pay tax instalments?

Generally yes if you owed more than 3,000 dollars in the current year and in either of the two previous years. The CRA sends reminders, but the obligation exists whether or not you receive one.

What documents do you need from me?

All slips, receipts for anything you plan to claim, last year notice of assessment, and details of any property or investment sales during the year.

Can you file returns for previous years?

Yes. Prior year returns are filed in order, which matters because each year carries figures forward into the next.

Ask about your return

Tell us which years you need filed and whether the income is employment, self-employed, or corporate. We will tell you what is involved.

647-458-0481astruk@simplifiedaccounting.ca
Serving the Greater Toronto Area.