Question 1

How much does personal tax filing cost?

Accepted Answer

Personal tax filing starts with the Base Plan at $80 + HST. The Enhanced Plan is $100 + HST and the Advanced Plan is $120 + HST. Self-employed returns generally start at the Advanced level and final pricing depends on complexity.

Question 2

What is the personal tax filing deadline in Canada?

Accepted Answer

The personal tax filing deadline for most Canadians is April 30. If you or your spouse is self-employed, the filing deadline is June 15, but any tax owing is still due April 30.

Question 3

Do I need to file a tax return if I had no income?

Accepted Answer

You should still file even with no income. Filing allows you to claim GST/HST credits, Canada Child Benefit, climate action incentive payments, and carry-forward RRSP room.

Question 4

Does my corporation need to file a T2 every year?

Accepted Answer

Yes. All Canadian corporations, including inactive and nil corporations with zero revenue, must file a T2 return annually. Failure to file results in CRA late-filing penalties.

Question 5

What is the difference between bookkeeping and accounting?

Accepted Answer

Bookkeeping involves the day-to-day recording and reconciling of financial transactions. Accounting involves interpreting and reporting on that data, including tax preparation and financial advice. Taxxel provides both services.

Question 6

Can you file taxes for gig workers like Uber or DoorDash drivers?

Accepted Answer

Yes. Gig workers are considered self-employed and must report net income on a T2125. We help deduct eligible expenses like vehicle costs, phone, and supplies to reduce your tax owing.

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