Personal Tax Filing - Deadline April 30th

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Personal Tax Filing - Deadline April 30th 〰️

Personal Tax Return Filing

Personal Tax Return Filing

Maximize Your Refund and Minimize Your Stress

Filing your personal tax return doesn't have to be overwhelming. Our Personal Tax Filing Service is designed to make the process simple, accurate, and tailored to your financial situation.

With Capex CPA, we ensure that all eligible deductions, credits, and tax benefits are applied, so you get the maximum refund possible. Our team handles every step, providing you with a hassle-free experience.

Our Personal Tax Service Includes:

  • Comprehensive Tax Review: We evaluate your income, deductions, and credits to ensure maximum accuracy.
  • Maximized Deductions & Credits: Optimizing tax benefits to increase your refund or reduce what you owe.
  • CRA Compliance: Full compliance with CRA requirements for a seamless filing experience.
  • Electronic Filing: Fast and secure e-filing, with instant confirmation from CRA.
  • Support & Guidance: Expert assistance and advice on all aspects of personal tax returns.

Let us handle your tax return, so you can focus on what matters. Reach out today to get started with stress-free personal tax filing!

PERSONAL TAX FILING (APRIL 30TH)

The Personal Tax Filing Process at Capex CPA

At Capex, we make personal tax filing simple and hassle-free. Here’s a step-by-step overview of our process to ensure you’re fully prepared and compliant.

  • Authorize Capex as Your CRA Representative: Grant us Level 2 access to handle your taxes on your behalf.
  • Complete the Personal Tax Checklist: This is where tax savings begin. Fill out the checklist to maximize your deductions.
  • Upload Documents: Upload your tax documents into our secure Karbon portal. You’ll receive access within 24 hours.
  • Carry Forward or Create New Tax File: We either carry forward your existing file or create a new one, depending on your tax history.
  • Review and Optimize: We download your CRA records, review your checklist and documents, and apply all applicable deductions.
  • Final Review & PDF Preparation: Our team double-checks everything, PDFs your return, and sends it to you for eSignature.
  • eSign Your Return: Review and electronically sign your return for final submission.
  • Confirm Signatures & eFile: Once we receive your signed T183, we eFile your return to CRA and confirm the submission.
  • See You Next Year! We’re here to make tax time simple, year after year.

Important: Submit all documents by April 15th to meet the April 30th filing deadline. Please ensure payment to Capex is complete, or your filing will not be submitted to CRA.

 
Sole Proprietorship Tax Return Filing

SOLE PROPRIETORSHIP TAX RETURN FILING

SIMPLIFY YOUR TAX FILING AND STAY COMPLIANT

If you’re a sole proprietor, filing your business tax return is essential to maintain compliance and keep your financials organized. This filing includes completing a T2125 Business Return to report business income and expenses, along with an HST return if your revenue exceeds $30,000 annually.

Managing a sole proprietorship’s taxes doesn’t have to be complicated. Let us handle it for you with our Monthly Plans, designed to simplify your tax filing and maximize your tax benefits.

SOLE PROPRIETORSHIP FILING (JUNE 15TH)

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Personal Tax Filing FAQs

  • Our Personal Tax Return service includes comprehensive tax preparation, maximization of deductions and credits, CRA compliance checks, electronic filing, and expert support throughout the process.

  • We utilize a detailed tax optimizer checklist to evaluate all eligible deductions and credits, ensuring you receive the maximum refund possible.

  • Personal tax returns must be filed with the CRA by April 30th each year. It’s crucial to submit all necessary documents by April 15th to meet this deadline.

  • If you receive a CRA notice for adjustments, we can help you file a T1 Adjustment (T1ADJ) to correct any discrepancies in your tax return.

  • Yes, all individuals are required to file a T1 Personal Tax Return to report their income, including employment income, investment income, and other sources.

  • You will need to provide documents such as T4 slips, RRSP contribution receipts, tuition receipts (T2202), and any other relevant income statements.

  • Absolutely! Our team can help you strategize and plan for future tax savings to minimize your tax liabilities in the coming year.

  • The process involves authorizing us as your CRA representative, completing our personal tax checklist, uploading your documents to our secure portal, reviewing your information, and e-filing your return.

Sole Proprietorship Tax Filing FAQs

  • A T2125 Business Return is a form used by sole proprietors to report their business income and expenses for tax purposes.

  • You need to file your T2125 along with your personal tax return by June 15th if you are a sole proprietor.

    Tax Payments are still due April 30th if you owe taxes.

  • If your annual revenue exceeds $30,000, you must register for and charge HST, and file HST returns.

  • Yes, our Monthly Plans are designed to assist sole proprietors with bookkeeping and tax filing, ensuring compliance and maximizing tax benefits.

  • If your revenue is below $30,000, you are not required to register for HST, but you can choose to do so voluntarily to claim input tax credits.

  • As a sole proprietor, your business income is reported on your personal tax return, and you pay personal income tax rates on your business earnings.

  • Yes, maintaining accurate records of your business expenses is crucial for completing your T2125 and maximizing deductions.

  • By utilizing our Monthly Plans, you can streamline your tax filing process, receive expert support, and ensure compliance with all regulatory requirements.