Personal Tax Accountants in Toronto

Spring is usually the time when most individuals look for a personal tax accountant in Toronto. TOP TIER ACCOUNTANTS CA assists in completing and filing personal income tax return or T1 returns for hundreds of Canadians on a yearly basis and has developed extensive experience in completing these returns.

If you let TOP TIER ACCOUNTANTS  Chartered Accountant act as your personal tax accountant in Toronto then we will assist you in identifying the tax slips needed to complete your personal tax return. As a rule of thumb the following are the sources of income tax slips that are usually seen apart from the personal tax return:

1. Employment Income- T4, T4A
2. Pension and Annuities- T4A, T4A(OAS), T4A(P), T4RIF, T4RSP
3. Investment Income- T5, T3, T600, T5008, T5013 OR T5013A
4. Foreign Assets
5. Rental Income
6. Registered Retirement Savings Plan (RRSP) Income- T4RSP
7. Schedule of Capital Gains and Losses
8. Income from Self Employment
9. Debt Forgiveness
10. Other Income, including the following slips- T4E, T4PS, T5007, RC62, RC210

As your personal tax accountant in Toronto, TOP TIER ACCOUNTANTS CA will also identify deductions to be included in your personal tax return. The following is a list of deductions that may be identifiable in your personal tax return:

1. Employment Expenses- Form 2200
2. Investment Income- T101, T102, T5003, T5004, T1-CP
3. Expenses Relating to a Rental Property
4. Registered Retirement Savings Plan Contributions – up to March 1 of the following fiscal year
5. Membership Fees, Union and Professional Dues
6. Moving Expenses
7. Child Care Expenses
8. Alimony and Maintenance Payment- T1157
9. Disability Support Expenses
10. Allowable Business Investment Losses (ABIL)
11. Legal Fees
12. Stock Options
13. Income Tax Installments Paid
14. Pension Adjustment Reversal/Past Service Pension Adjustments- T10/T215
15. Fines, Penalties and Levies