Personal Tax

Helping you discover all the tax-saving opportunities and developing a personalized tax
strategy.

Personal Tax Income Returns

In case you didn’t know already, personal income taxes may end up being one of your biggest annual costs. And since almost all of the financial decisions you make have influenced your taxes, having a robust strategy is extremely vital. Because, at the end of the day, efficient tax management is the cornerstone for effectively managing your wealth. Over here at DEFI CPA, our qualified tax maestros can assist you in exploring all the potential tax-saving opportunities and help you build a rapport tax strategy. Having worked in the finance sector for over a decade now, our financial wizards can offer you with highly personalized guidance to match your circumstances so that your tax strategy is aligned other components of your lifestyle and financial framework. For individuals, executives, and business owners, we also assist in determining the probable tax aftermaths of your personal and business decisions, ensuring integrated guidance to retain most of your hard-earned wealth.

Personal Tax Services For Canadians

At DEFI CPA, our global mobility team comprises certified and committed Canadian tax specialists based in the region who offer individual income tax compliance services to Canadian citizens/PR holders residents working and living in Canada.

We can handle all matters related to the following:

Provincial Schedules from British Columbia, Alberta, and Ontario
Qualifying credits
Medical Expense Credits (surpassing 3% of income)
Support Payments
Payments from Trust-T3
Conditions of Employment Write-Offs (T2200)
Dividends Pay-T5

Qualifying Moving Expenses
Children Activity Credits
Tuition Credits (T2202)
Child-Care Credits
Public Transit Credits
New Home Buyer
Tax-Free Savings Accounts (TFSA)
RRSP Contributions Credits

We understand that it can be difficult to handle the fierce personality of CRA agents. At times,
people even accept the ruling without even giving the auditor’s judgement much thought.
Understanding, studying, and knowing the complexity of your case can assist in making sure
you receive the right judgement

Personal Income Tax Filing Due Dates

Generally, all personal taxes are due by April 30th of each year. If you file your return after April 30th, your GST/HST credit (including any related provincial credit), Canada Child Tax Benefit payments (including those from certain related provincial or territorial programs), and Old Age Security benefit payments may be delayed. In addition, penalties will apply to individuals who owe taxes and fail to file their return by the April 30th deadline.

Self-Employed Individuals Tax Filing Due Dates

If you or your spouse or common-law partner carried on a business in a calendar year (other than a business whose expenditures are primarily connected with a tax shelter), your return for that year should be filed on or before June 15th of the following year. However, if you have a balance owing for that year, you will still have to pay it on or before April 30th.

Personal Needs Require Personal Approaches

At DEFI CPA, we believe personal taxes are as individual as the clients themselves. Our experts work in collaboration with all our clients to get a comprehensive understanding of their demands and devise our strategies accordingly.
All our staff and partners take a hands-on, proactive approach. We closely monitor all the closely follow proposed and current legislation to figure out how it will impact a person’s personal financial aims and offer ongoing assistance. We realize that a lot of personal and business taxes are related, and our experts provide the integration of both services to ensure further drive efficiencies. Our highly extensive line of services includes:

Asset protection
Retirement planning
Tax compliance
Family tax minimization
Tax planning for owner-manager remuneration