Income Tax — T1

Your annual T1 personal tax return — prepared accurately from your source documents and filed directly with the CRA before the deadline.

We handle employment income, savings interest, dividends, and RRSP contributions. You provide the documents; we handle everything else.

• Full preparation and CRA e-filing
• Review of all income sources and slips
• Claim of all eligible credits and deductions
• Confirmation of tax liability or refund position
• Deadline tracking and reminders

Disposition of property, shares, or other capital property requires careful reporting on Schedule 3. We calculate your gain accurately — including the adjusted cost base, capital losses, and available exemptions.

• Gain calculation on property and share dispositions
• Adjusted cost base (ACB) tracking and review
• Principal residence exemption where applicable
• Capital loss carryforward and carryback planning
• Lifetime capital gains exemption (LCGE) for qualifying property

Rental income must be reported on Form T776 — including all allowable expenses, mortgage interest deductions, and CCA claims. We ensure your rental schedule is complete, compliant, and optimized within CRA rules.

• T776 rental income schedule preparation
• Allowable expense review and claims
• Mortgage interest and financing cost deductions
• Capital cost allowance (CCA) planning
• Multiple property portfolios

If you earn self-employment or freelance income, your net business income must be reported on Form T2125. We prepare your statement of business activities and ensure your CPP contributions are correctly calculated.

• T2125 business income and expense reconciliation
• Allowable expense review and claims
• Home office and vehicle expense claims
• Self-employed CPP contribution calculation
• HST registration and remittance guidance

Overseas earnings, foreign dividends, and foreign property add complexity. We handle all foreign income reporting on your T1 and apply treaty relief where it reduces your Canadian tax liability.

• Foreign employment and self-employment income
• Overseas dividends and interest
• Double taxation treaty relief claims
• Foreign Tax Credit (FTC) calculations
• T1135 Foreign Income Verification Statement

Year-round advisory to structure your affairs efficiently and legally. Whether you're approaching a significant disposition, planning RRSP contributions, or reviewing your income mix — we provide clear, actionable guidance.

• Pre-disposition capital gains planning
• RRSP contribution room and carry-forward advice
• TFSA and investment account structuring
• Income splitting and attribution rule review
• Annual tax position review