Leading Personal Tax Accounting Experts

As spring approaches, many individuals embark on the quest for a personal tax accountant, and at Blue Canyon CPA, we’re here to provide expert guidance. Our seasoned team at Blue Canyon CPA assists countless Canadians in completing and filing their personal income tax returns, or T1 returns, every year, amassing extensive expertise in this field.

When you choose Blue Canyon CPA as your personal tax accountant, we streamline the process by helping you identify the necessary tax slips required to complete your personal tax return. As a general guideline, here are some common sources of income tax slips often encountered alongside personal tax returns:

  • Employment Income: T4, T4A
  • Pension and Annuities: T4A, T4A(OAS), T4A(P), T4RIF, T4RSP
  • Investment Income: T5, T3, T600, T5008, T5013, or T5013A
  • Foreign Assets
  • Rental Income
  • Registered Retirement Savings Plan (RRSP) Income: T4RSP
  • Schedule of Capital Gains and Losses
  • Income from Self-Employment
  • Debt Forgiveness
  • Other Income, including slips such as T4E, T4PS, T5007, RC62, RC210.
  • Let Blue Canyon CPA be your trusted personal tax accountant, ensuring a smooth and efficient tax-filing process. Contact us today
  • to discover how we can simplify your tax obligations.

As your dedicated personal tax accountant at Blue Canyon CPA, we go the extra mile to uncover valuable deductions for your personal tax return. Below is a list of potential deductions that we meticulously identify and incorporate into your personal tax return:

Employment Expenses: Form 2200
Investment Income Deductions: T101, T102, T5003, T5004, T1-CP
Expenses Related to Rental Properties
Registered Retirement Savings Plan (RRSP) Contributions – eligible up to March 1 of the subsequent fiscal year
Membership Fees, Union Dues, and Professional Dues
Moving Expenses
Child Care Expenses
Alimony and Maintenance Payments: T1157
Disability Support Expenses
Allowable Business Investment Losses (ABIL)
Legal Fees
Stock Options
Income Tax Installments Paid
Pension Adjustment Reversal/Past Service Pension Adjustments: T10/T215
Fines, Penalties, and Levies
At Blue Canyon CPA, we leave no stone unturned to maximize your tax savings while ensuring full compliance with tax regulations. Trust us to uncover every available deduction to optimize your financial position."

Expert Accountants

Blue Canyon CPA introduces a tailored suite of personal tax solutions designed to simplify the complexities of your individual income tax return. Whether you entrust us as your dedicated personal tax advisor or leverage our range of services, our team of highly educated and experienced professionals is committed to minimizing your personal tax liability.

Discover the ease of navigating your personal tax responsibilities with Blue Canyon CPA. Our personalized approach ensures that every deduction and credit available to you is maximized, ultimately working towards the goal of reducing your personal tax burden.

Connect with us today call us at 905-427-3423 to schedule a consultation. Uncover how Blue Canyon CPA can be your partner in achieving optimal results in your personal financial journey with our comprehensive personal tax solutions.

Streamline Your Finances: Book Your Consultation Today

Feel free to reach out to us to schedule a consultation. We can discuss how we can alleviate the complexities of managing your financial records, ensuring timely staff payments, and optimizing your net income.
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    Our Locations

    Brampton:

    224 Rutherford Road South, Second Floor, Brampton, ON L6W 3J6

    Phone: (905) 793-4448

     

    Toronto:

    3111 Dufferin Street, Suite 207, Toronto, ON  M6A 2S7
    Phone: 416-780-1500

     

    Bowmanville:

    104 King St. East, Bowmanville, ON L1C 1N5
    Phone: 289-626-2744

     

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    835 Westney Rd. South, Unit 3, Ajax, ON L1S 3M4
    Phone: 905-427-3423

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