Toronto CPA Service

Many people only realized after March 31 that a slip was missing. Last year, frequent policy changes caused delays in the submission of T-forms from banks, leading many to complain to us that their previous accountants were unreliable and failed to remind them to submit complete T-forms, resulting in the need to submit them retroactively after filing their taxes. Every year when filing taxes, we always remind our clients to prepare their tax information as early as possible and to collect the...

How Should You File Your Personal Income Tax? Many people assume that having a work permit, living in Canada, and earning employment income automatically makes them a Canadian tax resident . In practice, this is not always true  — and the consequences of filing the wrong type of tax return can be costly. This is especially common for individuals who: Hold a Canadian work permit Work in Canada temporarily (often 3–6 months ) Fill short-term or transitional positions Plan to leave Canada  after...

Many clients initially think: “RRSP = pay less tax.” That’s partially true — but it’s only half the picture. CRA Doesn’t Directly Ask About Your RRSP Contributions Whether it’s the Canada Child Benefit (CCB) or the Canadian Dental Care Plan , CRA doesn’t ask: “How much RRSP did you buy this year?” Instead, they look at a more fundamental factor:👉 Your income as it appears in the system And RRSP contributions can subtly change that reported income. Think of it as a simple “chain reaction” Not...