GTP Tax is your trusted personal tax accountant serving the Durham Region, including Pickering, Ajax, Whitby, Oshawa, Clarington, Scugog, Uxbridge, and Brock. Our dedicated team of Professional Accountants specialize in personal tax preparation, tax planning, and comprehensive accounting services tailored to meet your unique financial needs.
Our Personal Tax Services:
- Personal Tax Preparation: Accurate and timely preparation of your personal income tax returns, ensuring compliance with the latest tax laws and maximizing your eligible deductions and credits.
- Tax Planning: Strategic tax planning to minimize liabilities and optimize your financial situation, including retirement planning and estate planning.
- Self-Employed and Small Business Taxes: Specialized services for self-employed individuals and small business owners, including sole proprietors and partnerships, to manage business income and expenses effectively.
- Rental Income Reporting: Expert assistance in reporting rental income and expenses, ensuring compliance with tax regulations and maximizing allowable deductions.
- CRA Audit Support: Professional representation and support during Canada Revenue Agency (CRA) audits or reviews, providing peace of mind and expert guidance.
Why Choose GTP Tax?
- Experienced Professionals: Our team comprises seasoned CPAs with extensive experience in personal taxation and accounting services.
- Personalized Service: We offer customized solutions tailored to your specific financial situation and goals.
- Local Expertise: As a Durham Region-based firm, we understand the local economic landscape and tax considerations unique to residents of Pickering, Ajax, Whitby, Oshawa, Clarington, Scugog, Uxbridge, and Brock.
- Year-Round Support: Beyond tax season, we provide ongoing support and advice to help you navigate financial decisions throughout the year.
Contact Us
Ready to simplify your tax filing and optimize your financial situation? Reach out to GTP Tax today to schedule your consultation. We proudly serve clients across the Durham Region, including Pickering, Ajax, Whitby, Oshawa, Clarington, Scugog, Uxbridge, and Brock.
Personal Tax FAQs:
The deadline for most individuals to file their personal income tax returns is April 30th each year. If you or your spouse/common-law partner are self-employed, the deadline is June 15th; however, any taxes owed are still due by April 30th.
Common documents include T4 slips (employment income), T5 slips (investment income), receipts for deductible expenses (e.g., medical, charitable donations), and information on other income sources such as rental or self-employment income. We provide a comprehensive checklist to ensure you gather all necessary documents.
If you are self-employed or an employee required to work from home, you may be eligible to claim home office expenses. Specific criteria must be met, and proper documentation is essential. We can help determine your eligibility and calculate the allowable deductions.
Effective tax planning can help reduce your tax liability, maximize deductions and credits, and align your financial strategies with your long-term goals. It involves proactive measures such as RRSP contributions, income splitting, and strategic investment planning.
If you receive a notice or audit request from the CRA, it’s important to respond promptly and accurately. Our team can assist you in understanding the notice, gathering necessary documentation, and communicating with the CRA on your behalf to resolve any issues.
Yes, we offer secure virtual tax preparation and consultation services to accommodate your preferences and ensure safety and convenience.
Contact us to schedule a consultation. We’ll discuss your tax situation, answer any questions, and outline the steps to proceed with your personal tax preparation and planning.