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 is some of the documents/information required for personal income tax return filing. However, this list is not complete. Please book an appointment to discuss your personal tax situation to complete your personal tax returns.
- First name (as per CRA record)
- Middle initial (as per CRA record)
- Last name (as per CRA record)
- Social Insurance Number
- Date of Birth (yyyy/mm/dd)
- Gender
- Marital Status on the last day of the year
- Are you a Canadian Citizen?
- Did you sell a home in the last year?
- Are you a First-time home buyer?
- Are you filing your tax return for the first time?
- Is this your first return after landing in Canada, then please provide landing date and last three years of global income before moving to Canada?
- Is this your last return after leaving Canada? Then please provide your departure date and number of days lived in Canada in last year.
- Are you working from home? If yes, then do you have T2200?
- Last Year’s notice of assessment
- T4
- Registered Retirement Savings Plan (RRSP)
- First Home Savings Account Contribution (FSHA)
- Donation Receipts
- Do you have Rental Property?
- Do you have any sole proprietorship business? Any business including driving Uber or Food Delivery?
- Share Trading in Non-Registered Accounts
- Address – Has it been changed recently?
- Phone Number
- Greater than $100k in foreign property
- Dependent/Children information if they are less than 18 years old
- Dependents’ SIN, Names, Date of Birth
- Medical Receipts
- Student Loan Interest Expenses
- Use Business Number RSL 7445911892 for authorization into my CRA account
- Tuition Fees Receipts
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
