T1 personal tax return preparation & filing
Full preparation and filing of your personal tax return, coordinated with your corporate structure (if applicable) and investment accounts. We review every line for accuracy and optimization before filing.
Services
Personal tax
Your personal tax return is not just a form. It is the last piece of a larger financial picture, and it only works properly when it is prepared in the full context of your situation, your investments, and your goals for the year ahead.
Serving clients in Manitoba and across Canada.
T1 · Coordinated with your T2
Who this is for
Personal tax returns for every situation
Whether you have a straightforward return or a complex one involving a corporation, rental properties, investments, or self-employment income, we prepare every personal tax return with the same attention. For incorporated clients, your personal and corporate returns are prepared together so nothing falls through the cracks.
- Individuals & employees
- Incorporated professionals & business owners
- Physicians, dentists & health professionals
- Self-employed & sole proprietors
- Real estate investors with rental income
- Individuals with investments or foreign assets
Why it matters
A personal tax return that actually reflects your full situation
Whether your return is straightforward or complex, the goal is the same: make sure every deduction is captured, every credit is applied, and the overall picture reflects your actual situation. For incorporated professionals, this means preparing your personal tax return in the context of your corporate structure, your compensation, and your investments. For individuals and employees, it means a thorough review of income sources, deductions, and credits to ensure nothing is missed.
We also coordinate your personal return with your spouse's situation where applicable, ensuring that dividend income, rental income, and capital gains are allocated as efficiently as possible within the rules.
What we do
Personal tax services
Rental property income (T776)
Preparation of the T776 rental income schedule for property owners, including CCA planning and expense deductions.
Self-employment & business income (T2125)
For sole proprietors and self-employed professionals, we prepare the T2125 with a full review of deductible expenses, home office claims, and vehicle use.
Investment & capital gains reporting
Accurate reporting of investment income, capital gains and losses, RRSP activity, and any corporate distributions. We ensure nothing is missed.
Foreign income & T1135 reporting
If you hold foreign assets above a certain threshold, the T1135 Foreign Income Verification Statement is a mandatory annual filing. We prepare it accurately and ensure it is filed on time alongside your personal tax return.
RRSP & TFSA optimization
RRSP contribution planning coordinated with your salary level, dividend income, and corporate structure. We ensure you are using available room efficiently without over-contributing.
Spousal & family tax coordination
Where applicable, we prepare both spousal returns together to ensure dividend income, rental income, and other allocations are structured as efficiently as possible within the current rules.
Want to get the most out of your personal tax return?
Book a consultationFrequently asked questions
Questions about personal tax
Deadlines, how your T1 connects to your corporation, and RRSPs for incorporated professionals.
Ask us directlyWhen is the personal tax filing deadline?
The personal tax filing deadline is April 30. If you or your spouse are self-employed, the filing deadline extends to June 15, though any taxes owing are still due by April 30 to avoid interest charges. We recommend filing well before the deadline regardless of whether you expect a refund or a balance owing.
How does my personal return connect to my corporation?
The salary you pay yourself and the dividends you receive from the corporation are both reported on your personal tax return. Any RRSP contributions you make depend on the salary you paid yourself, since salary creates contribution room and dividends do not. Capital gains triggered inside the corporation can also flow to you personally depending on the transaction. For incorporated professionals, the personal return is not a standalone exercise. It is the final step in a year-round planning process that begins with the corporate decisions.
Can I split income with my spouse on my personal return?
Direct income splitting through a personal tax return is limited in Canada. The pension income splitting rules allow up to 50% of eligible pension income to be allocated to a spouse, which can reduce the overall family tax bill if the spouse is in a lower bracket. For incorporated professionals, income splitting is more effectively achieved at the corporate level through dividend payments to a spouse who meets the TOSI exceptions, or through a properly structured spousal RRSP. Rental income from a jointly owned property can also be split. We review your full family situation to identify where legitimate splitting opportunities exist.
Should I be making RRSP contributions as an incorporated professional?
It depends on your situation. RRSP contributions require RRSP contribution room, which is generated by earned income, primarily through salary. If you pay yourself entirely through dividends, you generate no RRSP room. For incorporated professionals who do pay themselves some salary, RRSP contributions can be a meaningful tax deferral tool, particularly in high-income years. However, for professionals over 40 with a stable high income, an Individual Pension Plan inside the corporation can provide more contribution room than an RRSP and offers additional advantages. The right approach depends on your age, income level, and retirement planning goals.
Do I still need to file a personal tax return if all my income came from my corporation?
Yes, always. Even if your only personal income was dividends paid from your corporation, you are still required to file a T1 personal tax return every year. The corporation files its own T2 corporate tax return separately, but that does not replace your personal filing obligation. Your T1 reports any salary, dividends, or other personal income you received during the year, as well as any RRSP contributions, capital gains, or other personal tax items.
Ready to get your personal return done right?
Book a consultation and we will walk through your situation and make sure your personal tax return is accurate, complete, and filed on time.