RRSP contributions
A deduction that lowers your taxable income, up to your personal limit.
Personal & Self-Employed Tax
Personal Tax Returns Across the GTA for Every Kind of Income
Whether you have a single T4 or income from a job, a side business, a rental property and investments, Lira Tax & Accounting prepares and e-files your T1 personal tax return accurately and on time, reviewing every credit and deduction you are eligible for. We help individuals, families, self-employed owners, landlords, investors and retirees across Canada.
- Employment, self-employed, rental and investment income
- Credits and deductions reviewed, from RRSP to childcare
- Filed on time, with CRA follow-up after you file
- 2,300+individuals & businesses served
- T1 · T2125 · T776returns and schedules we prepare
- 4offices in Ontario & Alberta
Personal tax return preparation that goes beyond typing in a T4
We deliver thorough T1 personal income tax preparation. From standard employment income and investment slips to self-employment statements, rental property schedules and foreign property reporting, we make sure every eligible deduction and credit is claimed according to current Canada Revenue Agency rules.
A correct return means more than entering numbers. It means reviewing your eligibility for RRSP and FHSA deductions, medical, childcare and tuition claims and provincial credits, and reporting income from every source accurately and on time, so you avoid CRA penalties and interest and get the benefits and credits you are entitled to.
Ideal forEmployed individuals, self-employed freelancers, landlords, investors, retirees, newcomers and families.
- Who we file for
- Employees & professionals
- Self-employed & gig workers
- Landlords
- Investors
- Retirees & seniors
- Families
- Students
- Newcomers to Canada
Forms and slips we handle
Each source of income has its own slip or schedule. These are the ones we prepare most often.
| Form or slip | What it reports | Who needs it |
|---|---|---|
| T4 / T4A | Employment income; pension, retirement and other income. | Employees, pensioners |
| T5 / T3 | Interest, dividends and trust income. | Anyone with investments |
| T5008 & Schedule 3 | Sales of securities and the capital gains or losses from them. | Investors |
| T5013 | Your share of a partnership’s income. | Partners |
| T2125 | Business or professional income and expenses. | Self-employed, gig workers |
| T776 | Rental income and expenses. | Landlords |
| T1135 | Specified foreign property costing more than $100,000 at any time in the year. | Anyone with foreign assets |
| T777 & T2200 | Employment expenses, with a declaration signed by your employer. | Employees who work from home |
| T1032 | Splitting eligible pension income with a spouse or partner. | Couples with pension income |
| T1-ADJ | Changes to a return you have already filed. | Anyone who missed something |
Not sure what to bring? Try our free T1 checklist.
Open the T1 checklist
Our Tax Tools page has an interactive checklist of the slips and receipts most people need for a T1 return, plus a calendar of key CRA deadlines. Tick off what you have, then bring the rest to us.
Want a quick estimate of your tax and take-home pay first? Try our free income tax calculator →
Prefer not to visit an office? File your taxes online with our remote tax filing service →
Credits and deductions we look for
These are commonly missed on a self-prepared return. A full review helps make sure nothing eligible is left unclaimed.
FHSA contributions
For first-time home buyers saving in a First Home Savings Account.
Childcare expenses
Daycare, camps and childcare costs that let you work or study.
Medical expenses
Eligible costs for you and your family, above the threshold.
Tuition and student loans
Tuition amounts and student loan interest, plus carry-forwards.
Charitable donations
Receipted gifts, including pooling them between spouses.
Home office
Employment expenses if your employer requires you to work from home.
Pension income splitting
Moving eligible pension income to a lower-income spouse.
Disability tax credit
If you or a family member is approved, we make sure it is claimed.
Your tax year at a glance
Dates for the 2026 tax year, which you file in spring 2027.
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End of Feb
Slips arrive
Employers and issuers must give you T4s and T5s by the last day of February.
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Mar 1, 2027
RRSP deadline
Contributions made in the first 60 days of the year still count for the 2026 tax year.
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Apr 30, 2027
File and pay
Most returns are due, and any balance owing is due for everyone.
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Jun 15, 2027
Self-employed filing
Self-employed individuals (and their spouses) can file later, but must still pay by April 30.
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Any time
Catch up or fix
Missed a year or need a change? File it late, or request an adjustment for any of the last 10 years.
If a deadline falls on a weekend or holiday, the next business day applies. Late filing costs 5% of your balance owing plus 1% for each full month late (up to 12 months), and 10% plus 2% a month if you were also late in a previous year. The penalty only applies if you owe. View all deadlines →
2026 tax brackets and limits at a glance
Federal and provincial tax are added together, and each province has its own brackets. Here are the 2026 brackets for Ontario and Alberta, where our offices are.
Federal
Applies across Canada- First $58,52314%
- Up to $117,04520.5%
- Up to $181,44026%
- Up to $258,48229%
- Over $258,48233%
Ontario
Added to the federal rate- First $53,8915.05%
- Up to $107,7859.15%
- Up to $150,00011.16%
- Up to $220,00012.16%
- Over $220,00013.16%
Alberta
Added to the federal rate- First $61,2008%
- Up to $154,25910%
- Up to $185,11112%
- Up to $246,81313%
- Up to $370,22014%
- Over $370,22015%
Key 2026 limits
$33,810
RRSP dollar limit
or 18% of last year’s earned income, if lower
$7,000
TFSA limit
new room added for 2026
$8,000
FHSA a year
$40,000 over the account’s life
50%
of a capital gain is taxable
the inclusion rate stays at one-half
Brackets and limits checked against the CRA in September 2026 and updated every year. The provincial rate that applies is based on where you lived on December 31; ask us if you live in another province.
How we prepare your return
Four steps, and most of the work is ours.
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You send your slips
Bring or send your slips and receipts. We give you a checklist so nothing is missed.
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We prepare and review
We enter your income and look for every credit and deduction you qualify for.
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You review and approve
We walk you through the result in plain English before anything is filed.
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We e-file and follow up
We file with the CRA, confirm it was accepted and review your Notice of Assessment.
Need help gathering your slips? Use our free T1 checklist →
Behind on your taxes? You are not alone.
Unfiled years, a CRA letter, or something you missed on a past return can all be fixed. We can file several back years together, request adjustments to returns you have already filed, and review what the CRA has assessed. The CRA’s Voluntary Disclosures Program can also reduce penalties in some cases.
How the Voluntary Disclosures Program works
How much does a personal tax return cost?
Every return is different, so we quote each one individually instead of publishing a one-size-fits-all price. You will know exactly what you are paying before we start.
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Number of slipsHow many income slips and receipts.
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Self-employmentA business or gig income to report.
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Rental incomeOne property or several.
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InvestmentsCapital gains and foreign property.
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Years to fileThe current year or several back years.
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Family returnsFiling for a spouse and children too.
- Free, no-obligation consultation
- Clear quote agreed before we start
- No hidden fees or surprise billing
Prefer to talk it through first? Call us, or send a quote request.
Call (437) 421-7171 Request a QuotePersonal tax preparation across Canada
Get directionsMeet us in person at any of our four offices, or work with us by phone and video. We file personal returns for clients across Ontario, Alberta and the rest of Canada.
Outside Ontario or Alberta? We can still help.
Ask about your province
We prepare personal returns for clients in other provinces and territories across Canada too, by phone and video. Provincial rates and credits differ, and we will apply the ones for where you live.
What our personal tax clients say
View other testimonials★★★★★
“I've been filing my taxes with different companies for the past 9 years, but Lira Tax is on another level. Truly one of the best experiences I've had. Very professional, efficient, and knowledgeable. Everything was handled smoothly and quickly, and they made the whole process stress-free. Highly recommend Lira Tax to anyone looking for reliable and excellent tax service!”
★★★★★
“Razu just helped me with my tax filing within less than 3 hours! And calculated better than other consultants! Fast and friendly response, fast process as well! Thank you very much Lari Tax & Accounting!”
★★★★★
“A friend recommended me Lira tax for my personal and corporation tax and it was done perfectly. Excellent service. If you think of someone to do your taxes, I recommend Lira tax 100%”
Personal tax FAQs: deadlines, credits and filing
Straight answers to the questions people ask us most at tax time.
For most people, your T1 return is due April 30. If you or your spouse are self-employed you have until June 15 to file, but any balance owing is still due April 30 to avoid interest. When the date falls on a weekend or holiday, the next business day applies. For the 2026 tax year those dates are April 30, 2027 and June 15, 2027.
If you owe tax, the CRA charges a late-filing penalty of 5% of your balance owing plus 1% for each full month you are late, up to 12 months. If you were also late in a previous year, it becomes 10% plus 2% per month, up to 20 months. Interest is charged on the balance too. If you are owed a refund there is no penalty, but filing late delays it and can delay benefits.
You can file by June 15, but any tax you owe is due April 30. Paying late means interest from May 1 even if you file on time. We prepare Form T2125 for your business income and expenses with your personal return.
Your income slips (T4, T4A, T5, T3, T5008, T5013), RRSP and FHSA receipts, tuition, childcare, medical and donation receipts, last year’s Notice of Assessment, and records for any self-employment or rental income. We give you a checklist tailored to your situation so nothing is missed.
Often, yes, and it is worth doing. Filing is how you receive benefits and credits such as the GST/HST credit, and it builds RRSP and other contribution room. Ask us if you are not sure whether you are required to file.
Contributions made in the first 60 days of the year still count for the previous tax year: March 1, 2027 for 2026. Your limit is 18% of last year’s earned income up to the annual dollar limit, which is $33,810 for 2026, plus any unused room from earlier years. Your Notice of Assessment shows your exact limit.
Employees can if their employer requires them to work from home and signs Form T2200. The expenses are then claimed on Form T777. Self-employed people claim the business-use-of-home portion on Form T2125 instead.
Rental income and the expenses of earning it are reported on Form T776, and the net amount is added to your income. If you co-own a property, each owner reports their share. Keep records of rent received and every expense.
Yes. Half of a capital gain is added to your income, because the capital gains inclusion rate is one-half. Sales of securities are reported from your T5008 slips on Schedule 3. Gains on your principal residence are generally reported but can be exempt.
Yes, if the total cost of your specified foreign property was more than $100,000 at any time in the year. You file Form T1135 with your return, with simpler reporting if the total is between $100,000 and $250,000. Foreign income is taxable in Canada, and foreign tax you paid may earn a credit.
You report income from the date you became a Canadian resident, and you may need to report foreign property. Filing also opens the door to benefits and credits you may qualify for. Bring your date of arrival and details of any income earned since then.
Yes. If you missed a slip, a credit or a deduction we can request an adjustment using Form T1-ADJ. The CRA accepts adjustment requests for any of the 10 previous calendar years, so an old return is often still fixable.
You may be a non-resident for tax, which changes what you file. Canada generally withholds 25% on income such as rent and pensions, and work in Canada or a property sale goes on a non-resident return. If you still have a home, a spouse or dependants in Canada you may still be a resident, so check before you file.
You can file a notice of objection. Individuals have the later of 90 days from the date on the notice and one year after the filing deadline for that return, which is April 30, or June 15 if you or your spouse or common-law partner were self-employed. For a simple mistake, such as a missing slip, an adjustment request can be quicker. Send us the notice and we will tell you the exact date.
Contact the CRA before it contacts you, or have us do it. The usual route is a payment arrangement based on what you can afford. The CRA says legal action may begin if you have not confirmed arrangements or you miss scheduled payments, and interest keeps building on the unpaid balance in the meantime.
File them as soon as you can. Filing several years together is common, and we can prepare them in one engagement. The CRA’s Voluntary Disclosures Program may reduce penalties in some cases, and we will tell you whether it could apply.
Keep records for six years from the end of the last tax year they relate to. That includes slips, receipts and any supporting documents for the credits you claimed.
Yes. Many families file with us together, which lets us review credits that involve more than one person, such as childcare, donations and spousal amounts. Call us and we will explain what we need for each person.
It depends on how many slips you have, whether you have self-employment, rental or investment income, and how many years need to be filed, so we quote each return individually. Call us or book a free consultation and you will get a clear quote before any work starts — no hidden fees.
Related services for you
View other servicesAccounting & Bookkeeping
Self-employed or renting out property? Keep clean books all year.
Learn moreGST/HST Registration
Register for and file GST/HST if you earn self-employment income.
Learn moreUnfiled Tax Returns
Missed a year? Catch up on overdue returns and deal with the CRA.
Learn moreNon-Resident Tax Returns
Living outside Canada with Canadian income or property? File as a non-resident.
Learn moreTaxpayer Relief Requests
Late-filing penalties or interest you couldn't help? Ask the CRA to cancel them.
Learn moreVoluntary Disclosures Program (VDP)
Unreported income or an old error? Come forward and ask for relief.
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Book a free consultation. We will review your situation, tell you what we need and give you a clear quote — no obligation.
