T1 Personal & Self-Employed

Personal Tax Returns (T1)

Stress-free T1 tax preparation covering employment, investment, and self-employment income, with every eligible deduction claimed.

CRA-authorized e-filer Serving Ontario & all of Canada Transparent, fixed quotes

Service Overview

We deliver thorough, stress-free T1 personal income tax preparation. From standard employment income and multi-stream investment income to self-employment statements (T2125), rental property schedules (T776), and foreign property reporting (T1135), our team ensures every eligible deduction and tax credit is claimed according to current Canada Revenue Agency regulations.

Filing a T1 return correctly means more than entering numbers from a T4 slip. It involves reviewing eligibility for credits and deductions — RRSP and FHSA contributions, medical and childcare expenses, tuition, and province-specific credits — while making sure income from all sources, including self-employment, investments, and rental property, is reported accurately and on time to avoid CRA penalties and interest.

Ideal forEmployed individuals, self-employed freelancers, real estate investors, retirees, and families.

What’s included

  • Employment income (T4) & investment income slips (T5, T3, T5008, T5013)
  • Self-employed and gig economy business statement preparation (Form T2125)
  • Rental property gross revenue and deductible expenses reporting (Form T776)
  • Foreign property reporting (Form T1135) and foreign tax credits
  • RRSP, FHSA (First Home Savings Account), childcare & medical expense claims
  • Prior year adjustments (T1-ADJ) and CRA Notice of Assessment review

Why choose Lira Tax for Personal Tax Returns

Certified expertise, proactive planning, and clear communication — on every engagement.

Deductions and credits reviewed thoroughly

RRSP and FHSA contributions, childcare and medical expenses, and other credits are commonly missed on a self-prepared return — a full review helps make sure nothing eligible is left unclaimed.

Self-employment and investment income covered

Business income (T2125), rental income (T776), and investment slips (T3/T5/T5008) each have their own reporting rules, all part of a standard, complete personal tax return.

Filing on time avoids real penalties

Late-filing penalties and daily compound interest apply to any balance owing after the deadline, which is why accurate, on-time filing matters every year.

Personal Tax Returns — frequently asked questions

Straight answers about how this service works and what we need from you.

For most individuals, T1 returns are due April 30. If you or your spouse are self-employed, you have until June 15 to file — though any balance owing is still due April 30 to avoid interest.

Yes, filing several years of back taxes together is a common situation, and the CRA's Voluntary Disclosures Program can apply in some cases to reduce penalties on unfiled returns.

Rental income and expenses are reported on Form T776, while investment income from T3, T5, T5008, and T5013 slips is reported according to the type of income each slip represents.

Generally, yes — the first return often involves establishing residency status and reporting any foreign property, which doesn't apply to returning filers in the same way.

Let's get your return filed right

Book a free consultation. We'll review your tax situation and give you a clear quote — no obligation.