Personal Tax Returns simplified
Get set for life with a wide range of strategies to help you not only maximize your savings, but also retain a larger portion of your income. With continued support from Tangent Consulting, you will be making informed financial decisions that will lead to big savings helping you upgrade your lifestyle every year.
Get your personal taxes filed conveniently
Our team helps you file your taxes quickly, with zero errors.
It’s crucial to stay informed and ensure that you are accurately reporting your income and deductions. Our team of tax professionals will work closely with you to gather all the necessary information and guide you through the process. We will make sure that you understand what you are filing and help you maximize your deductions while minimizing your tax liability.
What sets Tangent Consulting apart is our expertise in serving clients from all Canadian industries, with different levels of complexities. We have the knowledge and experience to handle your personal tax returns. You can trust us to navigate through the complexities of the tax system and ensure that your returns are filed accurately, on time, and everytime.
You can rely on our team to handle your taxes efficiently, giving you a continued peace of mind from your financial side.
Contact Tangent Consulting today and let our expert team take care of your personal tax returns. Stay in the know, reduce your tax burden and enjoy the convenience of our one-stop-shop service.
Benefits of hiring Tangent Consulting Services
- One Stop Shop for all Financial Needs
- Expert Guidance for Business Growth
- Informed Financial Decision Making
- Human Support, a Call Away
- Industry-Backed Solutions
- Increased Business Value
- Reduced Financial Load
- Solution-Oriented Team
- Avoiding Tax Penalities
- Minimizing Tax Liability
- Save Time and Energy
Get a Comprehensive BookKeeping Service
What is personal tax filing?
Personal tax filing is the process of reporting your income and expenses to the Canada Revenue Agency (CRA) and paying any taxes that you owe. Everyone who has income from a Canadian source must file a personal tax return, unless they are specifically exempt. This includes income from employment, self-employment, investments, and government benefits. You are required to file a tax return if you had income in the tax year.
Personal tax filing is important because it helps the government to fund essential services, such as healthcare, education, and infrastructure. It also helps to ensure that everyone pays their fair share of taxes.
What are the Steps of Personal Tax Filing?
Personal Tax Filings are most of the time simple, yet long and thus daunting in nature. A simple miscalculation or a misplaced zero (0) or +/- can potentially land you in trouble with the Canada Revenue Agency (CRA). To avoid such errors, specialized personal tax filing service providers in Ontario (and elsewhere) have strict checks and balances in place. Any mistake, no matter how insignificiant it may look, can be financialy lethal. When you outsource your personal tax filings to specialized accountants, they can help you file your taxes year in and year out without any hard work on your side. Simply send in all your transactions and we will take care of the rest! That’s how easy it becomes to be a compliant tax filer with Tangent Consulting on your back!
Common Sources of Income Tax Slips
- Pension and Annuities (T4A, T4A(OAS), T4A(P), T4RIF, T4RSP)
- Registered Retirement Savings Plan (RRSP) Income (T4RSP)
- Investment Income (T5, T3, T600, T5008, T5013 OR T5013A)
- Other Income (T4E, T4PS, T5007, RC62, RC210)
- Schedule of Capital Gains and Losses
- Income from Self Employment
- Employment Income (T4, T4A)
- Debt Forgiveness
- Foreign Assets
- Rental Income
Your Taxes Done Right By Experts CPAs
We guide you through every form, every line, and every deduction in your personal taxes, ensuring you feel confident and clear about your situation. With us, you’ll find that clarity leads to opportunities – opportunities to save, to grow, and to plan for a brighter financial future. We want you to feel confident and clear about your tax situation. That’s why we take the time to explain everything to you and answer any questions you have. We’ll also review your tax return with you before you file it to make sure that everything is accurate and complete.
Potential Tax Credits
- Tuition, Fees and Education Amounts- T2202 or T2202A
- Dependents (born earlier than 1993 in the 2013 tax year)
- Rent or Property Tax Credit (specific conditions apply)
- Children’s Arts Tax Credits (max. $500 per child)
- Child Fitness Credit (max. $500 per child)
- Federal or Ontario Political Contributions
- Interest Paid on Student Loans
- Public Transit Pass Amounts
- Disability Amounts- T2201
- Charitable Donations
- Spousal Exemption
- Caregiver Amounts
- Adoption Expenses
- Medical Expenses
Schedule a one-on-one meeting to
- Develop a tax plan that gets you closer to your financial goals
- Get all the deductions & credits you are applicable for
- Navigate through taxes with confidence & ease
Why a One-Stop Accountant?
One-stop accountants like Tangent Consulting offer a wide range of tax services, from tax preparation and filing to tax planning and consulting. This means that you can get all of your tax needs taken care of in one place, without having to worry about juggling between multiple different professionals.
Your one-stop accountant will be skilled and experienced to provide you with:
- Personalized service: One-stop accountants in Ontario, like Tangent Consulting, offer a more personalized level of service than larger accounting firms. They will take the time to understand your individual needs and circumstances, and they will work with you to develop a tax plan that meets your goals.
- Affordability: In many cases, the money you save on taxes by using a one-stop accountant to prepare and file your personal taxes will far outweigh the cost of their services.
- Convenience: One-stop shop accountants can handle all of your tax needs, from start to finish. This can save you a lot of time and hassle, especially during the busy tax season.
- Expertise: One-stop accountants have the knowledge and experience to help you through the nitty gritty of personal taxation rules with minimal hassle. They can make sure that you’re claiming all of the deductions and credits that you’re eligible for, and that your return is filed accurately and on time.
- Flexibility: Often more flexible due to the nature of their offered services, one-stop accounting providers can schedule appointments and meet deadlines according to your needs. This can be especially important if you are a busy professional or an entrepreneur/freelancer.
- Peace of mind: Knowing that your taxes are in the hands of a qualified professional can give you peace of mind. You can relax and focus on other things, while your accountant takes care of all the details.
Why Choose us as your One-Stop Accountants?
Our (awesome) tax team specializes in providing practical and insightful recommendations to minimize your tax burden and help you keep more of your hard-earned money. We believe in establishing proactive partnerships with our clients. This way, we can come up with effective strategies for planning your taxes every year. We’re no strangers to dealing with the stress and financial strain that comes with high-value taxation disputes, having resolved so many of them over years of practice. We’ve got your back!
Our in-house personal tax experts actually look forward to diving into new sophisticated (some people call it complex) processes involved in maximizing your income. We’ll handle everything from dealing with document requests from the Canada Revenue Agency (CRA) to full-on tax audits of varying magnitude.
You will feel at ease and confident once your finances are in the good and capable hands of the Tangent Consulting team. Whether you’re a high net worth individual or an ambitious entrepreneur, get in touch with us today and let us help you with your annual personal tax return.
No financial issues left unattended.
That’s our promise to you. We are a one-stop shop for all your tax and accounting needs. To go above and beyond, we always provide value-added services that will exceed your expectations.
So, if you’re on the lookout for an accountant in Ontario that can give your situation dedicated time and attention, that’s what we do! Fill the form below to have us call you!