T1 Personal Tax Peturns Preparation
What Is a Personal Tax Return?
A personal tax return is an annual filing required for individuals in Canada to report their income, claim deductions and credits, and calculate the taxes they owe or the refund they’re entitled to. This is done using the T1 General form provided by the Canada Revenue Agency (CRA).
Who Needs to File?
You are required to file a personal tax return in Canada if:
- You earned income during the year (employment, self-employment, investments, etc.).
- You want to claim benefits or credits (e.g., GST/HST credits, Canada Child Benefit).
- You owe taxes to the CRA.
Why Work With a Professional?
Tax laws can be complicated, and maximizing your deductions and credits requires careful planning. Professional tax preparation services can ensure your return is accurate, compliant, and optimized, so you don’t miss out on any opportunities.
Let us handle your tax return and make tax season stress-free! Contact us today for more information.