MAXIMIZE YOUR TAX REFUNDS THROUGH ACCURATE FILING
Filing your personal taxes correctly is crucial to ensuring that you receive the full refund you're entitled to. However, mistakes or overlooked deductions in your original tax filing can lead to missed opportunities for additional refunds. At Insta Tax Services, we specialize in reviewing and refiling personal tax returns to correct any errors and claim any missed credits or deductions.
Our team of tax professionals thoroughly examines your previous filings to identify potential discrepancies. By refiling your taxes, you can often unlock additional refunds that may have been overlooked in your initial submission. Let us help you maximize your tax returns and ensure you’re not leaving money on the table.
Insta Tax Services will help you file your personal tax returns and can handle all complicated tax issues such as:
- Business as a Sole Proprietor
- Share Trading in non-registered accounts
- Rental Business
- Tax Planning
- Estate Planning
- Final returns of deceased taxpayers
ADDITIONAL INFORMATION REQUIRED
The following list includes essential documents and information required for personal income tax return filing. This list is not exhaustive. Please book an appointment to discuss your personal tax situation in detail.
- Personal Information:
- First name (as per CRA record)
- Middle initial (as per CRA record)
- Last name (as per CRA record)
- Social Insurance Number (SIN)
- Date of Birth (yyyy/mm/dd)
- Gender
- Marital Status on December 31st
- Are you a Canadian Citizen?
- Address including postal code – Has it been changed recently?
- Did you move in the tax year? Provide move date and new address
- Phone Number
- Email Address
- Residency & Filing History:
- Are you filing your tax return for the first time?
- If this is your first return after landing in Canada, please provide your landing date and the last 3 years of global income.
- If this is your last return after leaving Canada, please provide your departure date and number of days lived in Canada during the tax year.
- Did you sell a home in the year 2024? (If yes, provide the sale date and address.)
- Are you a first-time home buyer?
- Are you claiming the Northern Residents Deduction (Zone A or B)?
- If you are living in Ontario, please provide your rental expenses and utility expenses paid (for ONBEN calculation).
- Employment & Business:
- T4 (Employment income)
- Did you work from home? If yes, do you have a signed T2200 form?
- Do you have a sole proprietorship business? (Including Uber or food delivery)
- Did you receive tips or cash income not on a T4?
- Property, Investment & Rental:
- Do you have Rental Property? (Provide income, expenses, property details)
- Share trading in Non-Registered Accounts (Capital gains/loss summary)
- Do you own more than $100,000 CAD in foreign property? (T1135 required)
- Tax Slips & Receipts:
- Last Year’s Notice of Assessment
- Registered Retirement Savings Plan (RRSP) receipts
- First Home Savings Account Contribution (FHSA)
- Donation Receipts
- Medical Receipts
- Student Loan Interest Expenses
- Tuition Fees Receipts (T2202 or official statement)
- Other slips: T3, T5, T4A, T4E, T5007, etc.
- Childcare Expenses, Union Dues, or Employment-related expenses
- Dependent Information:
- Dependent/Children information if under 18 years old
- Dependents’ SIN, Names, and Date of Birth
- Do you claim Canada Child Benefit (CCB)?
- Authorization:
- Use Business Number RSL 7445911892 for authorization into my CRA account
Tax filing is a complicated task. For this reason, you must seek professional advice to file your taxes. Without professional help, you can either lose money, or you may have some tax issues in the future with the CRA.
The CRA allows individuals to claim a variety of personal expenses as deductions on their tax returns. These allowable expenses can help reduce your taxable income and, ultimately, your tax liability. Below is a summary of some of the key personal expenses that are typically deductible:
- Medical Expenses
- Moving Expenses
- Tuition Fees
- Student Loan Interest
- Childcare Expenses
- Charitable Donations
- Home Office Expenses
- RRSP Contributions
- Union and Professional Dues
- Investment Management Fees
- Employment Expenses
- Interest on Money Borrowed for Investments
- Disability Supports Deduction
- Northern Residents Deductions
- Eligible Educator School Supply Tax Credit
Efficiently enable trusted tax sources and cost-effective solutions. Serving the local Calgary community, we provide expert tax guidance, maximize your returns, and ensure you benefit from tax credits and deductions.
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