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Personal Tax
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How Can we help?
You expect quick, accurate and cost effective personal income tax preparation services and solutions to your income tax concerns. Our tax and accounting specialists will:
- Expertly prepare and process your personal tax return
- Maximize deductions by selecting the best filing choices to minimize your tax payable
- E-file your return ensuring the quickest processing of your tax return
- Support your tax filing with the Canada Revenue Agency, as required
Our professional accounting services provide you with:
- Personal Tax Return Preparation
- Tax Planning & Compliance
- Accounting & Auditing
Your tax obligations
Personal Income Tax
Filing as Married
Filing as Married
If you were married or in a common-law relationship in the tax year for which you are filing, you must note your status as in the “information about you” section of your tax return, including information about your spouse – their name, social insurance number, net income and employment status. Reporting married maximizes the benefits for the couple as a whole while you still have two separate returns.
Canada tax benefit enrollment that are calculated based on family income:
- GST/HST entitlement
- CCB
- Child Disability Benefit
Being a couple may give your tax advantage by reducing your tax liability:
- Tuition fees Transfers
- Medical Expenses Deduction
- Charitable Donations
- Split Pension Income Deductions
- Contributing to Spousal RRSP
- Pension Income Amount
- Age Amount
- Disability Amount
To be considered common-law partners, you must have lived together in a conjugal relationship for the last 12 months. If you have lived together for less than 12 months, the CRA considers you common-law partners if you share a child by birth or adoption or if one of you supports the other one’s child.
Income that are not taxable
You do not need to report certain non-taxable amounts as income, including the following:
- most lottery winnings
- most gifts and inheritances
- amounts paid by Canada or an allied country (if the amount is not taxable in that country) for disability or death of a war veteran due to war service
- GST/HST credit and Canada child benefit (CCB) payments, including those from related provincial or territorial programs
- family allowance payments and the supplement for handicapped children paid by the province of Quebec
- compensation received from a province or territory if you were a victim of a criminal act or a motor vehicle accident
- most amounts received from a life insurance policy following someone’s death
- most types of strike pay you received from your union, even if you perform picketing duties as a requirement of membership
- Note
Income earned on any of the above amounts (such as interest you earn when you invest lottery winnings) is taxable.
- Note
- most amounts received from a tax-free savings account (TFSA)
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