Frequently Asked Questions: Canadian Personal Taxes & Deadlines

Pricing depends on the complexity of your return. A straightforward personal return is on the lower end, while self-employed, rental-income, or corporate (T2) filings are priced based on scope. See the Pricing page for current rates, or get in touch for a tailored quote.

Almost everything we do is fully virtual. We can collect your documents, review your situation over a video or phone call, and file your return — all without you leaving home. We serve clients across Calgary, Edmonton, and the rest of Alberta.

We use a secure document portal for tax slips, financial statements, and other sensitive records. Less-sensitive items (general questions, screenshots, low-risk attachments) can be sent by email. Please never email your full SIN, banking details, or credit card information — those go through the secure portal only.

RRSP contributions reduce your taxable income today, but withdrawals are taxed later (typically in retirement). TFSA contributions are made with after-tax dollars, but all growth and withdrawals are tax-free. RRSPs typically win when you expect to be in a lower tax bracket in retirement than you are today; TFSAs are more flexible and better for shorter-term savings goals.

At minimum: all your T-slips (T4 employment, T5 investment, T3 trust, T4A pension/other), receipts for RRSP contributions, medical expenses, charitable donations, and tuition (T2202). Self-employed and rental-income clients need additional records. We have a full checklist you can use to gather everything in one place.

Yes — you can claim eligible medical expenses for yourself, your spouse, and your dependent children. Common items include prescription drugs, dental, vision, premiums for private health plans, and travel for medical care. Medical expenses are typically claimed on the lower-income spouse's return to maximize the credit.

You must register for GST once your worldwide revenue from taxable supplies passes $30,000 in any single calendar quarter or in four consecutive quarters. Some businesses — including taxi, Uber, and Lyft drivers — must register from day one regardless of revenue.

Incorporation usually starts making sense when you are earning more than you need to live on and want to defer tax through retained earnings, or when you need formal liability protection. Below roughly $50–60K of personal net income, the tax savings are often outweighed by the extra cost of running a corporation. We are happy to model both scenarios for your specific situation.

Yes. We offer monthly bookkeeping for small businesses, which pairs naturally with year-end tax filing. You get clean, reconciled books, GST filed on time, and a clear picture of your numbers throughout the year — not just at tax time.

Don't ignore it. A Notice of Reassessment usually means CRA changed something on your return — you may owe more, get less of a refund, or have credits adjusted. Read it carefully, gather your records for the items in question, and contact us. You typically have 90 days from the date on the notice to formally object.

Common triggers include income that doesn't match what CRA already has on file (T4s, T5s), unusually high deductions relative to your income, repeated business losses, inconsistencies between GST and income tax filings, and industry-benchmark anomalies. Staying audit-ready is mostly about keeping clean records and being consistent year over year.

Yes. Asjad Zaki is a Chartered Professional Accountant in good standing with CPA Alberta, the provincial regulator of the profession. You can verify any CPA's registration on the CPA Alberta public directory.