Looking for a personal tax accountant in Toronto? FShad CPA is your reliable and affordable tax return assistant to help you prepare your individual taxes and file them on time. Our CPA tax specialists help thousands of Toronto, and the GTA residents comply with their T1 returns obligation during spring before the deadline. We have gained a lot of experience filing personal taxes, making us the best personal tax accountants in Toronto, ON.
As your personal tax accountant, we’ll help you know everything you need to complete a successful filing. First, you need your income slip which you can get from foreign assets, investment income (T5, T3, T600, T5008, T5013, or T5013A), employment income (T4, T4A), debt forgiveness, rental income, self-employment income, registered retirement saving plan income (T4RSP), pension and annuities (T4A, T4A(OAS), T4A(P), T4RIF, T4RSP) and any other income slip (T4E, T4PS, T5007, RC62, RC210).
Our tax experts will also help you enjoy tax deductions that you might not know about if you’re filling the taxes yourself. These tax exemptions include stock options, disability support expenses, child support expenses, ABIL, paid income tax installments, legal fees, moving expenses, and others.
More to deductions, your personal tax accountant from FShad CPA will help you identify the tax credits you’re eligible to claim. These tax credits will reduce the actual amount of tax you owe the government. Tax credits are important since they reduce your net liability. Some of the tax credits you may be eligible to include:
- Charitable donations
- Political contributions (From the federal government or Ontario)
- Adoption expenses
- Medical expenses
- Home Accessibility tax credit
- Child fitness expenses
- Attendant care and nursing home expenses
- Disability tax credit
- Spousal exemption
- Teacher and Early Childhood Educator School Supply tax credit.
- Student loan interest
- Home buyers’ amount credit