Tax and Accounting
FAQs in Canada.

We provide corporate and personal tax return preparation, GST/HST registration and filing, bookkeeping, financial statement preparation, audit support, tax consultation and tax planning and advisory for individuals, self-employed professionals, and businesses across Canada.

Yes. We prepare and file personal income tax returns (T1) and corporate income tax returns (T2), along with prior-year and amended returns where needed.

A T1 is the personal income tax return for individuals, including self-employed people who report business income on their own return. A T2 is the corporate income tax return that an incorporated business files for the corporation, even in a year with little or no activity.

Most individuals must file their personal (T1) return by April 30. Self-employed individuals and their spouses or common-law partners generally have until June 15 to file, but any tax owing is still due April 30. A corporation must file its T2 within six months of its fiscal year-end, and tax owing is generally due two or three months after year-end. Dates shift when they fall on a weekend or holiday.

If you owe tax, CRA charges a late-filing penalty of 5% of the balance owing plus 1% for each full month late, up to 12 months, plus interest. Filing late can also delay benefits and credits. The sooner you file, the lower the cost, and we can prepare prior-year and catch-up returns for you.

It depends on your situation. Even with little or no income, filing is often worthwhile because it keeps benefits and credits such as the GST/HST credit and the Canada Child Benefit flowing. We can tell you whether you need to file.

Yes. We prepare prior-year personal and corporate returns, including multiple years at once, and can help if you have also received a CRA letter.

This depends on your filing type, but generally includes income slips (T4, T4A, T5, etc.), prior-year notices of assessment, receipts for eligible deductions, and, for businesses, bookkeeping records or financial statements. During your consultation, we'll give you a clear checklist for your situation.

We can review your prior filings and prepare an amended return (T1-ADJ or T2 amendment) if we identify missed credits, deductions, or reporting errors.

Yes. We regularly work with newcomers, freelancers, self-employed professionals, and small business owners, and can help you understand your filing obligations from the start.

Generally, once your worldwide taxable revenue passes the $30,000 small supplier threshold in a single calendar quarter or over four consecutive calendar quarters, you must register. Below that, registration is optional. Read more on our GST/HST registration and filing page.

Your filing frequency (monthly, quarterly or annually) depends on your annual taxable revenue, and in some cases it can be changed. We can confirm your filing period and file your GST/HST returns on time.

Yes. We keep your books up to date with bank and credit card reconciliations, payables and receivables tracking and catch-up bookkeeping. See small business bookkeeping.

Yes. Do not ignore the letter, as it usually has a reply deadline. We help you understand what CRA is asking for, gather and organize documents and respond. See CRA audit and review help.

Yes. We help owner-managers plan salary versus dividends, year-end strategies and the tax impact of major decisions. See tax planning and advisory.

Pricing is transparent and published upfront. Use our Fee Calculator to build an instant estimate based on the specific filings and statements you need.

Yes. The whole process is online. You upload your documents to the secure client portal, we prepare your return, and you review it with us before we file. You can create a client account to get started.

Yes. We work with individuals and businesses across Canada, fully online, by portal, phone and email.

Every client gets access to a secure online Client Portal where you can upload documents and watch each filing move through its stages, Received, In Process, Completed, and Filed, in real time.

Yes. Documents are stored securely and are only accessible to you and authorized Taxellence staff. We do not share your information with third parties outside of what is required to prepare and file your return. Read our privacy policy.

No. Taxellence supports clients year-round with bookkeeping, tax planning, financial statements, and advisory services, not just personal tax filing season.

Yes. You can book a free 30-minute consultation to talk through your situation before you commit to anything.

You can book directly through our Contact page, or log into your Client Portal and book from your dashboard if you're already a client.