Personal Income Tax (T1) Filing

The T1 Income Tax and Benefit Return

The T1 return is the annual filing every individual resident in Canada uses to report worldwide income, claim deductions and credits, and settle tax with the Canada Revenue Agency. Filing on time protects benefit payments (Canada Child Benefit, GST/HST credit, Canada Carbon Rebate), keeps RRSP room current and avoids late-filing penalties.

Who	Filing deadline	Payment deadline
Most individuals	April 30	April 30
Self-employed individuals (and spouse/common-law partner)	June 15	April 30 — the balance is still due April 30 even though the return is not
Deceased taxpayers (final return)	April 30, or 6 months after date of death if death occurred after October	Same as filing deadline in most cases

When a deadline falls on a weekend or public holiday, CRA treats the return as on time if received the next business day.

Returns and schedules we prepare and file

Form / schedule	What it covers
T1 General	The core return, with federal Schedule 1 calculations and your provincial or territorial tax forms (e.g. BC428 for British Columbia)
Schedule 3	Capital gains and losses — securities, real estate, crypto-asset dispositions
T2125	Statement of business or professional activities for sole proprietors, contractors and gig workers, including home-office and vehicle claims and CCA
T776	Statement of real estate rentals — Canadian rental properties, co-ownership splits, CCA decisions
T777 / T2200	Employment expenses supported by an employer-signed T2200 declaration
T2091 / T2091(IND)	Designation of a property as a principal residence — required for every sale of a home since 2016
Schedule 7	RRSP, PRPP and SPP contributions, repayments under the Home Buyers' Plan and Lifelong Learning Plan
T1135	Foreign Income Verification Statement where specified foreign property exceeds $100,000 (cost)
T1-ADJ / ReFILE	Adjustments to previously filed returns, generally for any of the ten prior calendar years

Situations we handle

Employees and families — employment income, medical, donations, childcare, tuition transfers, disability tax credit (T2201) claims and pension income splitting (T1032).
Self-employed and gig economy — bookkeeping-to-return service, GST/HST coordination, instalment planning and CPP on self-employment earnings.
Investors — T3/T5 slip reconciliation, adjusted cost base tracking, capital loss carrybacks (form T1A), superficial-loss review and crypto-asset reporting.
Rental property owners — T776 preparation, change-of-use rules, and subsection 45(2)/45(3) elections to preserve the principal residence exemption.
Newcomers and emigrants — part-year residency returns, deemed disposition (departure tax) reporting on form T1243 and the T1161 list of properties, and treaty tie-breaker analysis.
Non-residents of Canada — section 216 returns for Canadian rental income (with NR6 undertakings and NR4 slips), section 217 elections for Canadian pension income, and T2062 certificates on dispositions of taxable Canadian property.
Final and estate returns — the final T1, optional returns such as the return for rights or things under subsection 70(2), and coordination with the estate's T3 return and TX19 clearance certificate.

Instalments, penalties and interest

Individuals whose net tax owing exceeds $3,000 in the current year and either of the two preceding years are generally required to pay quarterly instalments due March 15, June 15, September 15 and December 15. We calculate the safest instalment option and set reminders so instalment interest never surprises you.

Late-filing penalty: 5% of the balance owing plus 1% for each full month late (to 12 months). A repeated failure to file within a three-year window can raise this to 10% plus 2% per month for up to 20 months — in addition to arrears interest compounded daily at CRA's prescribed rate.

How Taxcent files your T1

You upload slips and documents to our secure portal; we prepare the return, walk you through the result, collect your electronic signature on form T183 (Information Return for Electronic Filing) and transmit the return through CRA-certified EFILE. You receive CRA's confirmation number the same day, and we remain your authorized representative for any CRA follow-up.