Personal tax accountant in Burnaby
A Burnaby T1 is rarely just a T4. It often carries dividends from the owner’s own company, a T2125 for contract work, or rent from a condo in Metrotown or Brentwood. See personal tax services and the Burnaby CPA page.
Quick answer: A Burnaby personal return is due April 30, or June 15 if you or your spouse are self-employed, with any balance still due April 30. Owners paid through their own corporation, landlords with a condo or suite, and people with contract income all add schedules that a simple return does not have. EverStone prepares the T1 remotely from Abbotsford, alongside the corporate file where there is one. A basic T1 starts at $100.
Personal tax returns for Burnaby residents start from $100 per return; a self-employed return with schedules is commonly $250 to $450. The fee is fixed in writing before any work starts. See the published fees.
Updated .
Owners paid by their own corporation
Many Burnaby owners draw their income from a company they control, and the T1 is where that choice lands. Salary arrives on a T4, builds RRSP room and carries CPP contributions. Dividends arrive on a T5 with a gross-up and a dividend tax credit, and build no RRSP room. Neither is always better. The mix that works depends on the corporation’s profit, your other income and what you want to save for.
Because the two returns interact, it helps when one CPA prepares both. The salary or dividend is set before the corporation’s year-end, and the personal return then confirms the result rather than surprising you. The salary vs dividends calculator shows the comparison.
Self-employed income and the T2125
Burnaby has a large population of contractors: developers and designers who invoice tech firms, tradespeople, drivers and consultants. Their business income goes on a T2125 inside the T1. The filing deadline moves to June 15, but any balance is still due April 30, and interest runs from that date. That gap catches people every year.
Once taxable sales pass $30,000 in four consecutive calendar quarters, GST registration becomes mandatory too. A sole proprietor with a December year-end files the GST return by June 15 and pays by April 30. See the self-employed tax return page for what the schedules involve.
The deductions that hold up are the ones with records behind them. A vehicle used for work needs a log of business kilometres, not an estimate. A home workspace needs its share of the floor area and the bills that go with it. A phone or laptop used partly for personal life is claimed only for the business share. Keeping those records through the year is what lets the T2125 survive a CRA review. The mileage and vehicle log is a simple place to start.
Condo and suite rentals on the T776
The towers around Metrotown, Brentwood and Lougheed hold a great many rented condos, and older Burnaby houses often have a rented suite. Rental income goes on Form T776, with mortgage interest, strata fees, property tax and insurance deducted against it. Repairs are deductible in the year; improvements that last are capital and go into the CCA schedule instead.
CCA on a rental cannot create or increase a rental loss, and claiming it can matter when the property is sold. Joint owners each report their share. See rental income tax returns and current or capital expense.
Instalments once tax owing passes $3,000
The CRA expects quarterly instalments when your net tax owing is more than $3,000 in the current year and in either of the two previous years. The dates are March 15, June 15, September 15 and December 15. Owners who take dividends with no withholding, landlords and the self-employed reach this threshold quickly. Missing instalments costs interest even when the April balance is paid on time. An owner who switches from salary to dividends often crosses the threshold without noticing, because nothing is withheld at source. Planning the instalment schedule with the pay decision avoids it. The instalment calculator shows what is due.
Reviews, reassessments and the 90-day window
A CRA review letter usually asks for receipts behind a specific claim: medical expenses, childcare, RRSP contributions, or a T2125 expense. Answering it promptly and completely closes most reviews. If you disagree with a notice of assessment or reassessment, you have 90 days from its date to file a notice of objection. Records should be kept for six years. See how to file a notice of objection.
Personal tax across Burnaby’s main industries
Tech workers often combine a T4 with stock options or side contracts, and options have their own timing rules. Manufacturing and retail owners usually draw through a corporation, so their T1 depends on the year-end pay decision. Restaurant staff report tips, and owners need their T4s or T5s to match what the company filed; see restaurant accounting in Burnaby. Contractors need their T2125 to agree with the T5018 slips general contractors file about them; see contractor accounting in Burnaby.
Remote, and there is no Burnaby office
EverStone is a one-CPA firm based in Abbotsford, serving Burnaby residents entirely online. Slips are downloaded through CRA authorization, documents come in through a secure upload link, and the return is signed electronically. Questions go by email first, with a video call when it helps. The same CPA prepares the return and answers the follow-up letter if one arrives.
Prepared and reviewed by a Chartered Professional Accountant at EverStone CPA, an Abbotsford CPA firm working remotely with small businesses and incorporated owners across British Columbia. Updated . About the firm · Send an enquiry
Key personal tax dates
| Obligation | When it is due |
|---|---|
| Filing — most individuals | April 30 |
| Filing — self-employed | June 15 |
| Payment — everyone, including the self-employed | April 30 |
| Sales tax where you operate | 5% GST plus 7% BC PST: two registrations, two returns |
Source: Personal tax deadlines in detail. General information, not advice.
Burnaby personal tax FAQ
When is my personal tax return due?+
Do I report rent from a Burnaby condo?+
Should I pay myself salary or dividends?+
Why did the CRA ask me for instalments?+
What does a personal return cost?+
Do you have a Burnaby office?+
Related services and local guides
Nearby cities, the rest of what we do for Burnaby businesses, and the reference pages behind this one.
Fees are fixed and agreed in writing before the work starts; the published fee page shows the starting points.
Who this is for, and who it is not
This fits a Burnaby owner with a corporation or a rental behind the return: dividends, self-employment, a condo, or a year with a move or a sale. A single T4 and nothing more is simpler in free software, and we will say so rather than quote. Other returns are priced from the published fixed fees.
What happens when you get in touch
A Burnaby return runs through three steps, and the fee is set at the first.
- An email enquiry. We cover your income sources, any sales during the year, and what the CRA already shows. The fee is confirmed in writing.
- Slips collected for you. Through our CRA authorization, the T4, T5 and other slips filed under your SIN are downloaded directly. You supply the records the CRA never sees.
- Reviewed before filing. We walk through the result and the balance with you before the return goes in.
Send an enquiry, or ask a CPA one question first.
A corporation, a rental or contract income?
Have the personal side and the business side prepared on one file, by one CPA. Send an enquiry.
