Navigating the complexities of personal tax filing can be overwhelming, especially with ever-changing tax laws, deductions, and credits. Whether you’re a salaried employee, self-employed, or have multiple income sources, ensuring accurate and optimized tax filings is crucial to maximizing your refunds and minimizing liabilities.
At Lepore & Company, we provide professional personal tax preparation and planning services, helping individuals across Hamilton, Stoney Creek, and surrounding areas file their taxes accurately and on time. With over 30 years of experience, our expert tax advisors ensure that you take advantage of all available deductions, credits, and tax-saving opportunities.
Our Personal Tax Services
1. Personal Income Tax Preparation (T1 Returns)
Filing your T1 personal income tax return accurately is essential to avoid penalties and ensure compliance with the Canada Revenue Agency (CRA). We handle all aspects of tax preparation, ensuring that every income source, deduction, and tax credit is accounted for.
Our personal tax preparation services include:
- Accurate preparation and electronic filing of your T1 tax return.
- Ensuring all income sources are reported, including employment income, self-employment income, rental income, investments, and pensions.
- Claiming all eligible deductions and tax credits to minimize your tax bill.
- Optimizing RRSP contributions, tax-free savings accounts (TFSA), and capital gains strategies.
- Ensuring on-time filing to avoid penalties and interest charges.
Whether you have a simple tax return or a complex financial situation, we provide customized tax solutions to fit your needs.
2. Self-Employed & Small Business Tax Filings
If you are self-employed, a freelancer, or a sole proprietor, your tax filing is more complex than a standard T1 return. Unlike employees, self-employed individuals must track income and expenses carefully to ensure compliance and maximize deductions.
We specialize in tax services for:
- Freelancers, consultants, and independent contractors.
- Sole proprietors and small business owners.
- Gig economy workers (Uber, Airbnb, etc.).
- Commission-based earners (real estate agents, sales professionals, etc.).
Our self-employed tax services include:
- Accurate income reporting and expense tracking to reduce taxable income.
- Maximizing business deductions (home office, vehicle expenses, internet, travel, etc.).
- Handling GST/HST filings and ensuring proper tax remittances.
- Assisting with CRA tax audits related to self-employment income.
Whether you’re just starting your business or have been self-employed for years, we ensure compliance with CRA regulations while helping you keep more of your hard-earned money.
3. Rental Property Income & Tax Optimization
Owning rental properties can provide great financial benefits, but it also adds complexity to your tax situation. Whether you own a single rental unit or a portfolio of properties, we help you navigate tax rules and ensure you maximize deductions.
Our rental property tax services include:
- Reporting rental income and related expenses.
- Claiming depreciation (CCA) on rental properties to reduce taxable income.
- Managing capital gains tax when selling a rental property.
- Navigating CRA audits and tax obligations for landlords.
With strategic planning, we help you optimize your rental income while staying compliant with tax regulations.
4. Tax Planning for High-Net-Worth Individuals
For high-income earners, tax planning is essential to preserve wealth and reduce tax exposure. We provide customized tax strategies for professionals, executives, and business owners to minimize tax liabilities.
Our high-net-worth tax services include:
- Tax-efficient investment strategies to minimize capital gains tax.
- RRSP and TFSA optimization for long-term tax savings.
- Income splitting strategies to reduce overall tax burdens.
- Estate and succession planning to protect wealth for future generations.
Proper tax planning ensures that you are not overpaying taxes and are taking full advantage of tax-saving opportunities.
5. Tax Credits, Deductions & Benefits Optimization
Many Canadians miss out on valuable tax credits and deductions that can significantly reduce their tax bills. We ensure that you claim all eligible benefits, including:
- Canada Child Benefit (CCB) – Tax-free monthly payments for families with children.
- Disability Tax Credit (DTC) – Reducing tax burdens for individuals with disabilities.
- Medical Expense Deductions – Claiming eligible medical costs not covered by insurance.
- Tuition and Education Credits – Tax relief for students and recent graduates.
- Home Buyers’ Tax Credit (HBTC) – Savings for first-time homebuyers.
Our experts analyze your financial situation to ensure you maximize your tax refunds by leveraging all available tax-saving opportunities.
Why Choose Lepore & Company for Your Personal Tax Needs?
- Over 30 Years of Experience – Trusted personal tax advisors with deep expertise in tax laws.
- Maximized Refunds & Deductions – Ensuring you pay the least amount of tax legally possible.
- Hassle-Free Tax Filing – We handle everything from start to finish.
- Fast & Secure Electronic Filing (EFILE) – Ensuring quick processing of your tax return.
- Year-Round Tax Support & Planning – Helping you prepare for taxes throughout the year.
Don’t navigate the complexities of personal tax filing alone. Contact Lepore & Company today to schedule a consultation with our expert tax advisors. We’ll help you maximize your tax refunds, minimize liabilities, and achieve financial peace of mind.
Maximize Your Tax Refunds with Expert Personal Tax Services
Ready to simplify your tax filing and optimize your financial outcomes?
Contact us today for a consultation!