MAQ CPA Professional Corporation

Personal Tax Accountants Toronto | Business Tax Preparation Scarborough

We prepare and e-file PERSONAL Tax Return, Self-employed BUSINESS returns, and GST/HST returns for Individual taxpayers, professionals, and self-employed individuals, including but not limited to the following:
- Healthcare Professionals (Doctors, Dentists, Chiropractors, Optometrist, etc.)
- Legal Professionals (Lawyers, Law Firms, Paralegal)
- IT/Media Professionals
- Real Estate Sales Agents / PREC
- Consultants
- Mortgage Agents
- Insurance Agents
- Sales Commission Agents
- Rental Businesses (Commercial, Residential Lessors)
- Real Estate Investors
- Stock Traders and Investors
- Construction Contractors and Trades
- Transportation / Trucking / Freight Business
- Airbnb / Vrbo Hosts
- Uber / Lyft / Delivery / Truck Drivers
- Retail Businesses
- Employees
- Seniors
- Students
- Any Other Product and Service-based Sole Proprietorship Businesses

Please contact us at 416-901-4126 or "[email protected]."

To learn more about our services, please visit

Personal Tax Returns Expert personal tax returns services in Toronto and Scarborough. Maximize deductions, avoid errors, and file on time with a friendly tax pro.

https://www.canada.ca/en/revenue-agency/news/newsroom/tax-tips/tax-tips-2026/what-you-need-for-2026-tax-filing-season.html?utm_source=mediaroom&utm_medium=eml

What you need to know for the 2026 tax-filing season - Canada.ca L’Agence du revenu du Canada (ARC) est prête pour la période des impôts de 2026, l’êtes-vous?

Self-Employed Business Tax Return and GST/HST Return Filer Toronto

We prepare and e-file PERSONAL Tax Return, Self-employed BUSINESS returns, and GST/HST returns for Individual taxpayers, professionals, and self-employed individuals, including but not limited to the following:
- Healthcare Professionals (Doctors, Dentists, Chiropractors, Optometrist, etc.)
- Legal Professionals (Lawyers, Law Firms, Paralegal)
- IT/Media Professionals
- Real Estate Sales Agents / PREC
- Consultants
- Mortgage Agents
- Insurance Agents
- Sales Commission Agents
- Rental Businesses (Commercial, Residential Lessors)
- Real Estate Investors
- Stock Traders and Investors
- Construction Contractors and Trades
- Transportation / Trucking / Freight Business
- Airbnb / Vrbo Hosts
- Uber / Lyft / Delivery / Truck Drivers
- Retail Businesses
- Employees
- Seniors
- Students
- Any Other Product and Service-based Sole Proprietorship Businesses

Please contact us at 416-901-4126 or "[email protected]."

To learn more about our services, please visit https://maqcpa.ca/self-employed-business-tax

-EmployedTaxPreparers

Self-Employed Business Tax Expert tax services in Toronto for self-employed individuals, freelancers and contractors by maximizing deductions and minimizing taxes.

We prepare and e-file PERSONAL Tax Return, Self-employed BUSINESS returns, and GST/HST returns for Individual taxpayers, professionals, and self-employed individuals, including but not limited to the following:
- Healthcare Professionals (Doctors, Dentists, Chiropractors, Optometrist, etc.)
- Legal Professionals (Lawyers, Law Firms, Paralegal)
- IT/Media Professionals
- Real Estate Sales Agents / PREC
- Consultants
- Mortgage Agents
- Insurance Agents
- Sales Commission Agents
- Rental Businesses (Commercial, Residential Lessors)
- Real Estate Investors
- Stock Traders and Investors
- Construction Contractors and Trades
- Transportation / Trucking / Freight Business
- Airbnb / Vrbo Hosts
- Uber / Lyft / Delivery / Truck Drivers
- Retail Businesses
- Employees
- Seniors
- Students
- Any Other Product and Service-based Sole Proprietorship Businesses

Please contact us at 416-901-4126 or "[email protected]."

To learn more about our services, please visit https://maqcpa.ca/personal-tax-returns

-EmployedTaxPreparers

Personal Tax Returns Expert personal tax returns services in Toronto and Scarborough. Maximize deductions, avoid errors, and file on time with a friendly tax pro.

We prepare and e-file T2 corporation tax returns and GST/HST returns for small businesses and professional corporations at an affordable fee.

We offer the following corporate tax return filing services:

• T2 Corporate Tax Return Preparation and Filing – Complete preparation and electronic filing of your company’s T2 returns

• Basic Corporate Tax Planning Strategies – Identifying opportunities for tax minimization and timing of income recognition

• Remuneration Strategies – Consulting on Dividend vs Salary to minimize taxes at both corporate and personal levels

• Financial Statements Preparation – Creating accurate financial statements required for corporate tax filing and for compilation engagement reports (formerly, Notice to Reader)

• Corporate Tax Installment Planning – Structuring your tax installments to optimize cash flow

• Scientific Research & Experimental Development (SR&ED) Claims – Assistance with claiming valuable R&D tax credits based on your Consultant’s prepared schedules

• Information Returns – Preparation of T4, T4A, T5, T5018, and other information returns

• GST/HST Return – Preparation and filing of GST/HST return

• CRA Audit Support – Professional representation during corporate tax audits and reviews

Please contact us at 416-901-4126 or "[email protected]."

To learn more about our services, please visit

Corporate Tax Returns Stay CRA-compliant, minimize your taxes, and leave the paperwork to our pros—so you can focus on growing your business.

Picking the right GST/HST accounting and reporting period is one of the fastest ways a Canadian small business can improve cash flow, reduce admin time, and stay audit-ready. Whether you operate in Toronto, Scarborough, Markham, Mississauga, Brampton, Vaughan, Richmond Hill, North York, Pickering, Ajax, Whitby, Oshawa, Oakville, Burlington, Hamilton or Canada, this guide explains regular vs quick method of GST/HST and shows who it’s best for, and gives you a practical way to decide.

Regular vs Quick Method of GST/HST for Small Businesses Learn methods of GST/HST accounting and reporting, a complete guide for each method explained and best for scenarios—tailored to Canadian small businesses, with examples, decision tools, and practical tips.

What Counts as a TFSA Excess Contribution?
Your TFSA contribution room = (all annual limits you’ve accrued) − (all contributions you’ve made) + (prior-year withdrawals added back on Jan 1). If your deposits at any time exceed that room—by even $1—you’ve over-contributed. The CRA then applies a 1% per-month tax on the month’s highest excess balance until you remove it or the next year’s room absorbs it.

TFSA Excess Contribution: What It Is, Penalties, How to Fix It Understanding TFSA excess contribution is essential. Learn how to avoid penalties and maximize your savings wisely.

If you own shares in your own company — maybe a small incorporated business or professional corporation — you’ve probably heard the term “shareholder benefits” before.

It sounds simple, but when it comes to taxes, this is one area where the Canada Revenue Agency (CRA) keeps a close eye.

In plain language, a shareholder benefit is when your company gives you something of personal value — like paying your phone bill or letting you use a company car — and you don’t fully pay for it. CRA may then say, “That’s a taxable benefit.”

Shareholder Benefits in Canada: What They Are and Tax Rules Discover the insights on shareholder benefits and CRA tax regulations. Protect yourself from audits and penalties.

An RRSP excess contribution can sneak up on even the most diligent saver—especially if you contribute at multiple institutions, use a group RRSP through work, or top up during the first 60 days of the year. This guide explains what counts as an excess contribution, how the 1% per-month penalty works, exact steps to fix it, which forms apply, and the tools that keep you safe going forward. We’ve written it for self-employed professionals, employees, and incorporated owners across Canada.

RRSP Excess Contribution: Avoiding the Penalty Tax Learn about RRSP excess contribution and how to avoid penalties. Discover steps to fix contributions and protect your refund.

An RRSP contribution is money (or qualifying assets) you deposit into your Registered Retirement Savings Plan. This contribution can be deducted from your taxable income in the year you claim it (subject to limits). Investments inside the RRSP grow tax‑deferred until you withdraw.
https://maqcpa.ca/rrsp-contribution-guide-canada

If you earn rental income in Canada, understanding what you can deduct—and how to document it—can meaningfully lower your tax bill. This in-depth guide explains all major deductions you can claim from rental income, how to separate current repairs from capital improvements, what to do about mortgage interest, condo fees, vehicle travel, and CCA (Capital Cost Allowance), and how to keep audit-ready records for your T1 and Form T776 (Statement of Real Estate Rentals). Each section explains what’s deductible, the practical way to claim it, and the tools that keep you organized—without overcomplicating the rules.

15 Major Deductions You Can Claim from Rental Income Maximize your rental income by discovering the deductions you can claim from rental income. Save on your tax bill effectively.