Personal Tax

Personal Tax Filing Services for Individuals and Self-Employed Individuals in Canada

At Irvin Accounting & Tax Services, we provide expert personal tax filing services tailored to individuals and self-employed professionals in Canada. Whether you’re filing a straightforward personal tax return or managing the complexities of self-employment, our experienced team is here to ensure you meet all your tax obligations while maximizing your potential deductions and credits.

Our services are designed to simplify the process, save you time, and help you navigate the intricacies of Canadian tax law with ease.

Our Personal Tax Filing Services Include:

1. Personal Tax Return Preparation and Filing (T1) We offer comprehensive preparation and filing of your personal tax return (T1), whether you are a salaried employee, a retiree, or self-employed. We ensure all your income sources, including employment income, investments, rental income, and any other taxable income, are properly reported. Our team takes care of the details, from gathering necessary documents to submitting your return to the Canada Revenue Agency (CRA) on time.
2. Self-Employed Tax Filing (T1 and T2125) Self-employed individuals face unique tax considerations, including reporting business income and expenses. We help you file the necessary T1 return and the T2125 form, which is specifically for reporting income and expenses from a business or profession. We work with you to ensure that you claim all possible deductions such as home office expenses, business-related travel, equipment, and more.
3. Tax Planning and Strategy We offer personalized tax planning services designed to help you reduce your overall tax burden. Whether you’re an employee or self-employed, we’ll work with you to develop a strategy that makes use of available tax credits, deductions, and exemptions. For self-employed individuals, we help you plan for business-related expenses, income splitting, and long-term tax-saving strategies.
4. Maximizing Deductions and Credits Our experts will ensure you take full advantage of all available tax deductions and credits, including but not limited to:
   • Canada Workers Benefit (CWB)
   • Childcare expenses
   • RRSP contributions
   • Medical expenses
   • Charitable donations
   • Student loan interest
   • Self-employed business expenses (for freelancers, contractors, and entrepreneurs) We also help you explore available credits for self-employed individuals, including the deduction for business use of home and other industry-specific deductions.
5. CRA Compliance and Filing Deadline Management We help you stay on top of filing deadlines to avoid costly penalties and interest charges. Our team ensures that your tax return is filed accurately and on time, providing peace of mind that you’re fully compliant with CRA regulations. For self-employed individuals, we also guide you on quarterly installment payments, helping you manage your cash flow effectively throughout the year.
6. Tax Optimization for Self-Employed Professionals Self-employed individuals often have more control over their income and expenses, which provides opportunities for tax optimization. Our team will help you structure your finances in the most tax-efficient manner, taking into account business expenses, personal income splitting, and contributions to retirement savings plans like RRSPs. We also offer strategies on tax deferral through incorporation if that aligns with your long-term goals.
7. Advice on CRA Audits and Tax Disputes If you are selected for a CRA audit or receive a notice of reassessment, we offer expert assistance in responding and resolving any issues. We guide you through the audit process, ensuring that all your claims are properly supported and defended. Our goal is to minimize stress and ensure your interests are protected.
8. Post-Filing Support After your return is filed, we offer ongoing support for any questions or issues that may arise, such as adjustments, additional claims, or inquiries from the CRA. We’re here to ensure that your tax matters are always taken care of, even after the filing process is complete.

Why Choose Us?

• Expert Guidance: Our experienced team understands the tax implications for individuals and self-employed professionals. We stay up to date with the latest changes in tax laws and regulations to offer accurate, informed advice.
• Customized Approach: We take the time to understand your unique financial situation, offering personalized tax solutions that are specifically suited to your needs.
• Maximized Refunds: By ensuring you claim all applicable deductions and credits, we aim to maximize your tax refund or minimize the amount you owe.
• Comprehensive Service: Whether you’re an employee, a freelancer, or a small business owner, we provide comprehensive services that cover all your tax filing needs.
• Peace of Mind: With our help, you can rest assured that your personal tax matters are in the hands of professionals. We manage the complexities so you can focus on what matters most to you.

Let us take the stress out of tax season and help you optimize your personal tax situation. Contact us today to learn more about how our expert tax services can benefit you, whether you’re a salaried employee or a self-employed professional.