Personal Income Tax Returns
Careful, CPA-prepared T1 returns for individuals whose tax situations deserve more than software defaults.
Tax preparation for more than the basic return
Most tax software handles a single T4 well enough. It is when your situation grows — investment portfolios, rental properties, self-employment income, stock options, family income splitting, foreign assets — that the difference between a rushed return and a considered one shows up in real dollars and real risk.
At MB Professional Accounting, every personal return is prepared and reviewed by a CPA. We take the time to understand your full financial picture, identify the deductions and credits that apply to you, and file a return that is accurate, defensible, and optimized within the rules.
How we approach your return
We begin with a structured checklist tailored to your situation, so nothing is missed and you are not chasing documents in April. We prepare the return, walk you through the results in plain language, and file electronically with the CRA. After filing, we remain available — reviewing your notice of assessment, and responding if the CRA asks questions.
Who this service is for
- Professionals and executives with employment income, RSUs, or stock options
- Investors with capital gains, dividends, and interest income
- Rental property owners with one unit or a portfolio
- Self-employed individuals and sole proprietors (T2125)
- Families coordinating credits, deductions, and income between spouses
- Newcomers to Canada and individuals with foreign income or assets (T1135)
What's included
- Personalized document checklist and organized intake
- Preparation and CPA review of your T1 return
- Employment, investment, rental, and self-employment income
- Deduction and credit optimization, including RRSP planning
- Electronic filing with the CRA and confirmation
- Notice of assessment review after filing
- Support if the CRA requests documents or review
Common questions about personal income tax returns
When should I get in touch about my personal tax return?
Earlier than you think. Reaching out before the end of February gives us time to send a tailored checklist, gather documents calmly, and identify planning opportunities such as RRSP contributions before the deadline. That said, we accept new clients throughout the year, including late and prior-year filings.
Can you file prior-year or late tax returns?
Yes. We regularly prepare multiple years of outstanding returns and, where appropriate, help clients come forward under CRA's Voluntary Disclosures Program to reduce penalties. The most important step is starting — interest accumulates until the returns are filed.
I'm self-employed. Do I need a corporate return or a personal one?
If you operate as a sole proprietor, your business income is reported on your personal T1 return using form T2125. If you have incorporated, the corporation files its own T2 return and you file a personal return for the salary or dividends you draw. We prepare both, and can advise on which structure suits you.
What documents will you need from me?
It depends on your situation, which is exactly why we prepare a personalized checklist rather than a generic list. Typical items include information slips (T4, T5, T3), RRSP contributions, medical and donation receipts, rental and business income records, and your prior-year notice of assessment.
Let's put your finances in order.
Book a consultation and speak directly with a CPA about your situation — no obligation, no pressure, just a clear conversation about what you need.