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Maximize Your Returns with Personal Tax Services

Please note that our personal tax services are offered only to our corporate clients.

Managing personal taxes can be a challenging task, but at AZ Accounting, we take pride in making it a straightforward and stress-free process for our business clients. Our customized solutions are designed to simplify the complexities of tax season and provide you with the peace of mind you deserve.

Our team of professional accountants brings diverse business and entrepreneurial backgrounds to the table. We are well-trained and have the expertise to deliver professional and reliable tax services tailored to your circumstances. Discover why AZ Accounting is the preferred choice for tax assistance in Toronto and across Canada today.

Our personal tax return services include:

  • Calculation of tax obligations, including allowances and exemptions
  • Calculation of capital gains tax and associated relief options
  • Assist with the submission of repayment claims
  • Assistance with tax disputes
  • Tax planning for individuals
  • Self-employed tax services

Personal Tax Preparation

Effective personal tax preparation is more than just filling out the right forms. Hiring a tax professional can help maximize tax savings, ensure accuracy, and reduce stress during tax season.

Personal Tax Return Filing

We specialize in preparing and filing personal tax returns for individuals. Whether you have income from employment, investments, rental properties, or other sources of income, we are able to identify all eligible deductions and credits to optimize your taxes. With our personalized approach and attention to detail, you can trust us to handle your personal taxes with expertise and efficiency.

Self-Employed Tax Filing

Whether you’re a freelancer, independent contractor, or small business owner, in addition to running a corporation, self-employment comes with a unique set of tax obligations. At AZ Accounting, we are well-versed in the intricacies of self-employed tax filing. From tracking business expenses to managing quarterly estimated taxes, we are here to help ensure that your self-employed tax filing is accurate, compliant, and optimized for maximum tax benefits.

Individual Tax Preparation

Whether you’re a student, retiree, or anything in between, we provide comprehensive individual tax preparation services tailored to your specific circumstances. Our goal is to minimize your tax liabilities, maximize your tax savings and make sure that your individual tax preparation is accurate, timely, and stress-free.

Personal Tax Services

Tax Planning for Individuals

Tax planning is essential if you wish to minimize tax liabilities. By proactively assessing your tax situation and implementing tax planning strategies, you can reduce the amount of taxes you owe by the end of the year.

Every individual’s tax situation is unique. That’s why AZ Accounting offers tailored tax planning strategies designed to suit your needs. From optimizing retirement contributions to managing investment income, our team will work closely with you to develop personalized tax optimization strategies.

Personal Tax Compliance

Personal tax compliance is essential for individuals to meet their legal obligations and avoid potential penalties or repercussions. The best way for any individual to ensure they are in compliance with the latest tax regulations is to enlist a professional accountant to establish and review a tax plan.

This is also the best way to ensure that you are taking advantage of all the possible deductions, credits, and other tax-saving strategies.

Understanding relevant tax regulations is essential for ensuring personal tax compliance. Unfortunately, these rules are complex and ever-evolving and may vary depending on factors such as income sources, residency status, and filing status. Our team works to ensure that our clients meet their tax obligations, corporate as well as perosnal. With our expertise and guidance, you can navigate the complexities of personal taxes with confidence.

Tax Credits and Deductions

Income tax deductions and credits in Canada reduce taxes owed to taxpayers. Some deductions reduce the amount of income subject to tax, while others reduce the amount of taxes owed directly. It’s important to be aware of all the deductions available so you can avoid overpayment and potentially increase your tax refund.

At AZ Accounting, we provide comprehensive guidance on the various credits and deductions available so you can take advantage of tax-saving opportunities. Some common tax deductions and credits available to individuals in Canada include:

  • Registered Retirement Savings Plan deduction
  • Child care expenses
  • Disability supports deduction
  • Canada Caregiver Credit
  • Home Buyers Amount
  • Eligible medical expenses
  • Provincial or territorial tax credits

Personal Tax Account and Its Benefits

A personal tax account with us is a central hub for managing all your tax-related information and is included for free to all our corporate clients. Some benefits of maintaining a personal tax account include:

Organization

A personal tax account helps individuals keep all their tax-related documents, records, and information organized in one place. This ensures easy access to important tax documents when needed.

Accuracy

Maintaining a personal tax account helps minimize the risk of errors and inaccuracies when filing taxes. This, in turn, reduces the chances of audits, penalties, and other tax-related issues.

Efficiency

A personal tax account streamlines the tax preparation and filing process, saving time and effort come tax season.

Why AZ Accounting Stands Out For Your Personal Tax Needs

AZ Accounting understands that tax filing can be a daunting task for individuals and sole proprietors. However, our team of expert accountants is always ready to provide tailored personal tax services that cater to your specific needs and objectives. You can trust us to help you overcome any tax-related challenges and ensure that you achieve your financial goals.

Reach Out To AZ Accounting For Individual Tax Solutions

Have a stress-free tax season! Find out how our tax preparation professionals can assist with your personal tax returns. Contact us here today.

Explore monthly plans & pricing details

700+

Clients served since inception

45+

Combined Years of Experience

15+

Cloud platforms used to ensure efficiency

25+

Types of Services offered

$14.6M+

Gross payroll amount processed for clients last year

$0

Cost to clients due to our errors or filing delays

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