Personal Tax Returns
Navigating Canada’s financial landscape has become increasingly challenging, with rising inflation, complex taxation rules, and greater scrutiny from the CRA. More than ever, Canadians are choosing to diversify their income streams to better provide for themselves and for their families. No matter what your source of income is, I am ready to support you with proactive tax planning and tax return preparation.
Employment Income
While straightforward on paper, employment income can present unique challenges and opportunities. Whether you’re wondering about the tax implications of using a company car, participating in your employer’s pension plan, or working from home, I can help you make informed decisions and ensure you receive every deduction or credit you’re entitled to.
Self-Employment Income
Whether you’re just starting a side hustle or you’ve been building your business for several years, self-employment income can present you with various opportunities for tax savings not available to those with employment income. I will help you to ensure you’re claiming every deduction you’re entitled to, understand your CPP and GST/HST obligations, and meet all tax filing and payment deadlines.
Investment Income
Also known as “passive” or property income, this includes interest, dividends, and capital gains/losses in non-registered accounts. I can help you to make sense of your T-slips (e.g., T5, T3, T5008), optimize your use of past capital losses to lower your tax burden, proactively plan the best time to cash in on capital gains, and more.
Rental Income
Whether you're renting out the basement of your home or have multiple rental properties, I will ensure you claim every allowable deduction and help you understand the impact of selling one or more of your properties down the road.
Retirement & Pension Income
After years of hard work and service, you’re ready to retire and enjoy the best of what life has to offer. I will advise you on how to optimize your RRSP/RRIF withdrawals, split your pension income with your spouse, minimize government clawback of your OAS, and more.
Foreign Income & Assets
Residents of Canada are required to declare their worldwide income on their Canadian tax returns. I will ensure you’re in compliance with all required foreign income and asset disclosures, and that you obtain credit for any foreign taxes already paid on your income from outside Canada.