Personal Income Tax
Preparing personal income tax returns can be complex as tax laws constantly change. If not up-to-date with the laws or have not the necessary understanding of the Canadian tax system, tax credits or deductions can be missed, resulting in more income tax than you should be paying. As a Chartered Professional Accountant, I prepare Canadian tax returns professionally. If you are a Canadian resident, temporary worker, international student, person with income or if you are visiting Canada and have a property in Canada, you have to file personal income tax. The income tax of each year is due April 30 of the following year*. It is highly recommended to file your income tax well before the deadline as if you are entitled to a refund, you will receive it sooner and if you owe taxes, you have ample time to budget the payment and avoid interests and late fee penalties. Residents of Canada are subject to Canadian income tax on their world income. World income includes employment income, income from self-employment, income from investments, rental income, taxable capital gains, etc.