Tax Preparation Services in Scarborough
Expert personal and corporate tax filing that ensures full CRA compliance while maximizing your deductions and credits.
Comprehensive Tax Solutions for Individuals and Businesses
Canadian tax law is complex and changes every year. Whether you are an individual filing a straightforward T1 return or a corporation navigating multi-jurisdictional obligations, getting it right matters. Errors can lead to penalties, interest charges, or missed refund opportunities.
At CanMore Accounting, we prepare tax returns for individuals, sole proprietors, partnerships, and corporations across Scarborough and the Greater Toronto Area. Our team stays current with the latest CRA regulations and tax law amendments so you do not have to. We identify every eligible deduction and credit, ensuring you pay only what you owe — and not a dollar more.
- Corporation Tax Returns (T2)
- Personal Tax Returns (T1)
- GST/HST Filing
- Import & Export Tax
- Partnership Tax Returns
- CRA Audit Support
What Our Tax Services Cover
Personal Tax Returns (T1)
We prepare T1 returns for employees, self-employed individuals, rental property owners, and retirees. Our process includes a thorough review of all income sources and a systematic check of every deduction and credit you qualify for — from medical expenses and charitable donations to home office deductions and childcare costs. For newcomers to Canada, we also assist with first-time filing and the proper reporting of foreign income.
Corporate Tax Returns (T2)
Filing a corporate tax return involves more than plugging numbers into a form. We prepare your T2 return along with all required schedules, ensuring your corporation claims the small business deduction, capital cost allowance, and any applicable tax credits. We also handle the coordination between your personal and corporate returns to optimize your overall tax position — a critical consideration for owner-managers of Canadian-controlled private corporations.
GST/HST Returns
Whether you file quarterly or annually, we calculate your input tax credits, reconcile your GST/HST collected against GST/HST paid, and submit your return on time. We also advise on whether the quick method of accounting might save you money and ensure your invoices meet CRA requirements for claiming input tax credits.
CRA Audit Representation
Receiving a letter from the CRA can be stressful. Our team reviews the audit request, prepares all required documentation, drafts the response, and acts as your representative in communications with the CRA. We handle everything from simple document verification requests to comprehensive business audits, protecting your interests throughout the process.
Who Needs Professional Tax Preparation?
While anyone can benefit from professional tax preparation, certain situations make it especially valuable. You should consider working with a tax professional if:
- You own a business or are self-employed and need to report business income and expenses
- You have rental income, investment income, or foreign income to declare
- You have experienced a major life event such as marriage, divorce, the birth of a child, or retirement
- You have received a notice from the CRA or are being audited
- You want to ensure you are claiming all eligible deductions and credits
- You own a corporation and need to coordinate your personal and corporate tax strategy
Serving clients throughout Scarborough, Markham, Pickering, Ajax, and the wider GTA, CanMore Accounting makes professional tax preparation accessible and affordable. Pair your tax preparation with our bookkeeping services for a seamless year-round financial management experience.
Our Tax Preparation Process
Gather Your Documents
We provide a clear checklist of everything you need. You can drop off your documents at our Scarborough office, email them securely, or upload them through our client portal.
Review and Preparation
Our team reviews your documents, identifies all eligible deductions and credits, and prepares your return. We cross-reference prior-year filings to ensure consistency and catch any carry-forward amounts.
Client Review
Before filing, we walk you through your completed return. We explain your tax position, answer your questions, and make any adjustments based on your feedback.
E-File and Follow-Up
We electronically file your return with the CRA and provide you with a copy for your records. If you are expecting a refund, we can set up direct deposit to get your money faster.
Frequently Asked Questions
When is the deadline for filing my personal tax return in Canada?
For most individuals, the deadline to file your T1 personal tax return is April 30. If you or your spouse are self-employed, the filing deadline extends to June 15, but any balance owing is still due by April 30. We recommend filing as early as possible to avoid interest charges and to receive any refund sooner.
What documents do I need for my tax preparation appointment?
You will need your T4 slips from employers, T5 slips for investment income, RRSP contribution receipts, charitable donation receipts, medical expense receipts, childcare expense receipts, and any T2202 tuition forms. For self-employed individuals, bring your income and expense records for the year. If you are unsure, we provide a checklist during your consultation.
Can you help if I receive a CRA audit notice?
Yes. CRA audit support is a core part of our tax services. We review the audit request, gather the required documentation, prepare the response on your behalf, and communicate directly with the CRA. If adjustments are proposed, we evaluate whether they are justified and advise you on your options, including objections and appeals.
What is the difference between tax preparation and tax planning?
Tax preparation is the process of filing your return for the year that has already ended — reporting your income, claiming deductions, and calculating what you owe or are owed. Tax planning is forward-looking — it involves structuring your income, deductions, and investments throughout the year to minimize your tax liability legally. We offer both services at CanMore Accounting.
Do you handle GST/HST registration and filing?
Yes. If your business earns more than $30,000 in revenue over four consecutive quarters, you are required to register for and collect GST/HST. We handle the registration process, set up your filing schedule, calculate your net tax owing or refund, and submit your returns to the CRA on time.
Explore Our Other Services
Maximize Your Returns, Minimize Stress
Expert tax preparation services to ensure you pay only what you owe and stay fully compliant with the CRA.
Schedule Tax Consultation- CRA Audit Support
- Corporate & Personal Tax
- Strategic Tax Planning
- Maximum Refunds