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Personal tax · T1

Personal tax returns

Most personal returns are simple. The ones that are not usually have a business, a property or a portfolio inside them.

Quick answer: A personal return is straightforward until something is attached to it. Self-employment brings a business statement and both halves of CPP; a rental brings a decision about depreciation; investments bring a cost base nobody has tracked. Each has its own page below. Returns start at $100.

Personal taxes, coordinated with the corporate side

For an incorporated owner the two returns are one decision. How you take money out of the corporation — salary, dividends or a mix — changes both, and preparing either without the other means guessing at half the answer. The personal taxes follow the corporate choice, not the other way round.

Where we do both, that is one engagement and no handover. Corporate tax covers that side, and the salary and dividends calculator lets you see the shape of it first. Deciding the two together is also what keeps a refund on one side from being a bill on the other.

Where we do this

EverStone is a sole practitioner CPA firm working from one office at 32615 South Fraser Way in Abbotsford, British Columbia. Personal tax preparation runs remotely for businesses across Canada, and in person for the Fraser Valley when you would rather meet. The rules are federal with a provincial layer, so the work is not tied to a postcode — what changes by province is which return goes where.

Pages for the cities we work in most: Abbotsford · Chilliwack · Mission · Langley · Surrey · Maple Ridge · Vancouver · Calgary · Edmonton · Toronto · Ottawa · Winnipeg.

Not in one of those? The engagement is identical. How a remote CPA engagement works covers authorisation, secure document exchange and e-signature.

Common questions about personal returns

What does a personal return cost?+
From $100 for a basic T1. Self-employment, rental or investment income is quoted up front, because those carry real work rather than data entry. Ask us →
When is it due?+
30 April for most people. A self-employed person files by 15 June, but any balance owing is still due 30 April — the later deadline is for paperwork, not payment. Ask us →
Can you file previous years?+
Yes, and it is common. Where income was never reported, the Voluntary Disclosures Program may offer relief if you come forward first. Ask us →
Do you do returns for people who are not business owners?+
Yes. A straightforward salaried return is welcome and is the cheapest thing we do. Ask us →
Do you prepare the personal return in the same office as the corporate one?+
Yes, and that is the point of doing both here. The T4 and T5 slips the corporation issues to you are prepared from its books, so the personal return agrees with the corporate one without anyone reconciling two accountants' versions of the same numbers in April.
What do you need from me to prepare the return?+
Your T4, T5 and T3 slips, RRSP receipts, medical and donation receipts, and for a rental or business the year's income and expense totals with the supporting statements. A checklist goes out in February so nothing is chased in April, and slips the CRA already holds are pulled from your account with your authorisation.

The forms and the dates

The T1 is due April 30, or June 15 where either spouse has self-employment income — though any balance is still due April 30. Business income goes on T2125, rental income on T776, employment expenses on T777 with a signed T2200 from the employer, and the sale of a principal residence is reported on Schedule 3 with form T2091 even when no tax results.

Who this is for in the Fraser Valley

Personal returns here are mostly the personal half of a corporate file: the Abbotsford or Chilliwack owner who took salary and dividends and needs the T4 and T5 to agree with the T2, the Langley or Surrey couple with a rental and a small business on the side, the Mission family with a home office and a vehicle. Preparing both halves in one office is what keeps the numbers consistent between them.

What it costs. Personal tax from $100 per return; self-employed, rental and investment schedules are quoted with the return. Every published fee →

Talk to a CPA about this

One Chartered Professional Accountant, start to finish. Fixed fees, quoted in writing before any work begins, and no obligation from a first conversation.

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“Sunny and his team have been completing my bookkeeping, taxes and financials for the last 2 years and they have been amazing. Thank you!”
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