Personal Tax Services

Individual Tax Services: Tax Returns for Individuals

When it comes to preparing tax returns for each individual, the Income Tax Act provides limited options. Despite these limitations, Numbers Plus® will work with you to optimize your tax return by using proven methods during the preparation process. After all, a missed deduction means more costs for you.

There are a number of considerations (deductions, tax credits and other benefits), some of which are listed below, that are always considered when preparing your tax return. These Include:

  • Pension Plan Contributions
  • Automobile, travel, supplies and office expenses – if the employer has signed a T2200 for the current year
  • Trade union and professional dues
  • Transportation Employees’ board and lodging– if the employer has provided a TL2 for the current year
  • Legal expenses to recover, or attempt to claim, salary and wages from an employer. This includes fees for dealing with a lawyer when considering either an offer (if the offer is accepted) or termination of employment. This also includes legal fees to get a payment from an insurance plan that is provided via your employer.
  • Tradesperson, and Apprentice, Tool Deductions
  • RRSP deductions
  • Medical expenses
  • Charitable Donations
  • Spousal Support payments
  • Adoption expenses
  • Foreign Pensions and the relevant Tax Treaty implications
  • Disability support and attendant care costs
  • Moving expenses
  • Child care expenses
  • Pension Income Splitting
  • Allocation of Dividend Income between spouses
  • Treatment of stock options
  • Home Buyers Plan and Life Long Learner Plans
  • Student Tuition and Education/Textbook credits

Additional items that Commissioned Sales people may deduct include:

  • Payments made for a client list
  • Employment of an Assistant
  • Possible GST rebate on the expense incurred that are not reimbursed by the employer

Important Dates

April 30

Personal tax payments are due. Tax return filing deadline is April 30th unless you or your spouse have business income then filing deadline is June 15th.

March 31

Trusts: Payment and filing deadline is March 31st (three months after the year end which is Dec 31st) unless a Graduated Rate Estate which is three months after the...

February 28

Tax Slips (T4, T4A, T5, …): Payment deadlines are as per usual (i.e.

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FAQ

Where are you located?

We are located on 168 Queen Street in Mississauga, ON in suite 209. The office is located in beautiful downtown Streetsville.

What are your hours of operation?

Our standard working day runs from 9am to 5pm. We can occasionally accommodate appointments outside of these hours.

Do you have parking?

Yes. We have parking in the back of the building with easy access to our office. If you require public transportation, the Mississauga Transit system stops in front of our office and the Streetsville Go Station is only a few blocks away.

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