personal income tax downtown toronto

Personal Income Tax in Downtown Toronto

Ensure your income tax is done on time and accurately by a professional accounting firm in Downtown Toronto. Maximize your income tax returns and get personalized income tax strategies.

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GTA Accounting is a highly rated CPA Firm in Toronto

With over 200 5-star reviews on Google, GTA Accounting has also won awards on Clutch 2 years in a row, featured in the Toronto Star and is one of the Best Companies for 2022 on "ThreeBest Rated".

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Personal Tax Accountants in Downtown Toronto

When do most people look for personal tax accountants in downtown Toronto? Usually around the springtime. Here, at GTA Accounting, we have highly experienced, skilled, and knowledgeable tax accountants who provide complete assistance in filing and completing personal income tax returns in Downtown Toronto and elsewhere. We help hundreds of Canadian residents and non-residents every year thanks to our extensive experience and our commitment and dedication to our clients.

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How GTA Accounting can Help With Your Personal Taxes

As your tax accountants for personal income tax in Downtown Toronto, we will help you out in determining your tax slips and completing your personal tax returns. When we talk about tax slips, we mean the following sources of income tax slips:

  • Employment Income- T4, T4A
  • Pension and Annuities- T4A, T4A(OAS), T4A(P), T4RIF, T4RSP
  • Investment Income- T5, T3, T600, T5008, T5013 OR T5013A
  • Foreign Assets
  • Rental Income
  • Registered Retirement Savings Plan (RRSP) Income- T4RSP
  • Schedule of Capital Gains and Losses
  • Income from Self Employment
  • Debt Forgiveness
  • Other Income, including the following slips- T4E, T4PS, T5007, RC62, RC210
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Services We Provide for Personal Income Tax in Downtown Toronto

As an individual, you have to file your income tax returns by the 30th of April the following year. If you or your spouse is self-employed (have your own business), your time to file your income tax is extended till the 15th of June the following year. So, for example, if you had a job in 2020, you would have to submit your personal income tax by the 30th of April 2021. If you are a business owner or your spouse is a business owner, then you can do it by the 15th of June 2021, and so on. But if they owe any taxes to the CRA, those would have to be paid by the 30th of April, just like everybody else. That is why you should partner with the top tax and accounting firm in downtown Toronto. We make sure that your tax report is complete and accurate and submitted on time—always!

If your tax returns are not filed by the proper dates, you can incur heavy penalties and interest. Our tax professionals and accountants are well-versed with Canadian tax laws and changes and ensure that your tax returns are prepared without any errors and submitted timely.

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Pay Less by Partnering With An Accounting Firm in Downtown Toronto

As a startup or a small business, we understand how important your budget is to you. You have to run your business, grow your client base, and do all the other things while staying within your budget. That could become really hard when you have to hire a full-time accountant for all your income tax and returns purposes.

When you outsource your personal income tax needs in Downtown Toronto, you save your money and get high-quality work from a professional who does this for a living. When you hire a full-time accountant, you incur additional costs like employer CPF, insurance, training, and more. Not so with GTA Accounting. We make sure that your personal income tax statement is prepared, planned, and submitted at the right time, without any mistakes or discrepancies. You only have to pay us for services rendered, and nothing else.

We make sure that you benefit from things like spousal exemption, disability, adoption expenses, tuition, fees, and education amounts, interest paid on student loans, and much more.

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Benefits of Partnering With GTA Accounting

Working with GTA Accounting gets you a plethora of benefits. We make sure that you know all about the rebates and exemptions available and that you benefit from them as much as you can. We hate a lost opportunity and make sure that all our clients access them. We prepare, plan and submit your taxes on time, every time so that you don’t incur any penalties or interests. You can count on us. Unlike other accountants, we are with you 24 hours a day, 7 days a week. Whenever you need us, all you have to do is pick up your phone or shoot us a message, and we will get right back to you. Whether you have a question or confusion, our expert consultants are always ready and willing to help you out and guide you. They will answer each and every one of your questions until you are completely satisfied.

When you partner with GTA Accounting in Downtown Toronto, you not only avail our superb skills and our vast experience, you also get peace of mind. We take away all the hassles of submitting and filing for your taxes so you can focus on your business. One of the best things is that we do all of this and more at very affordable charges. You can ensure that all your financial documentation is up to date without breaking your bank.

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Meet Our CPA

Nathan Kazmierski cpa toronto

Nathan Kazmierski, CPA

Tax & Assurance Partner

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Sukhdeep Thind, CPA, GTA Acclunting

Sukhdeep Thind, CPA,

Auditing, External CFO

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sohail afzal toronto cpa

Sohail Afzal, CPA,

Tax Accounting Partner

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Our Locations

Suite #504 - 260 Spadina Ave.,
Toronto, ON M5T 2E4
Unit 501 – 250 Consumers Rd,
North York M2J 4V6
Unit 101, 1056 Wilson Ave,
North York, ON M3K 1G6
5770 Hurontario St Unit 102,
Mississauga, ON L5R 3G5