Frequently Asked Questions

Kennedy Tax & Accounting Inc. is at 2390 Eglinton Ave E, Suite 205, Scarborough, ON M1K 2P5, near Kennedy Station.

Mon–Fri 10 a.m.–6 p.m.. Sat 11 a.m.–6 p.m.. Sun Closed.

Personal income tax returns start at $49.99 + HST. Every other service is quoted before work starts.

Yes. The team works in English, Bengali, Tamil. Ask for the language you want when you book.

Our former Lawrence Ave E office has closed. All services are now at 2390 Eglinton Ave E, Suite 205.

Yes. You can send the papers and the firm can e-file the return with the CRA.

For the 2025 tax year, most people file and pay by 30 April 2026. The dates are on the tax deadlines page, with the CRA source.

If you or your spouse or common-law partner is self-employed, the 2025 return is due 15 June 2026. Any balance owing is still due 30 April 2026.

A corporation files its T2 within six months after the end of its tax year. CRA corporation income tax return.

A T3 trust return is generally due 90 days after the trust’s tax year ends. Check the guide for the year you are filing. CRA T3 trust guide.

The final return is due on the later of the normal filing date and six months after the date of death. CRA: when someone has died.

Yes. Filing late can delay benefits, and a balance owing can bring a penalty and interest. File even if you cannot pay yet.

If you file late and owe tax, the CRA’s late-filing penalty is 5% of the balance owing plus 1% of that balance for each full month the return is late, up to 12 months. A higher rate can apply after a demand to file. Interest is charged separately. CRA late-filing penalty.

You do not file the same year again. A change is a T1 adjustment. The CRA page explains how far back that request can go. CRA: change your return.

Bring the slips that apply: T4, T4A, T4E, T4RSP, T5007, RC62, T3, T5 and any other income slips. Also bring a rent or property tax receipt, donation and medical receipts, child-care receipts, RRSP contributions or a Home Buyers’ Plan withdrawal, and interest paid on a student loan. Bring last year’s notice of assessment or reassessment.

Bring the slips that apply, such as T4A(P), T4(OAS), T4RSP, T4RIF, T4A, T3 and T5, plus last year’s notice of assessment.

Bring the tuition slip (T2202) and any T4A, plus the other income slips for the year.

Bank statements, income records, and the invoices for business expenses. If you use a vehicle, keep fuel, repairs, lease payments and the other vehicle records.

The platform summary for the year, any access details the platform asks for, and the HST reporting period if you are registered. Bring the paper copies Lyft or Uber Eats sent you.

Keep the property tax receipt. It is one of the papers a personal return may use.

Keep the rent received and the house costs: insurance, mortgage interest, legal fees, condo fees where they apply, repairs, property tax, and utility bills.

If a corporation owes tax and does not pay, the CRA may freeze a bank account, garnish receivables, put a lien on property, or take the matter to court. File and pay by the corporation’s due date.

Once you are a client, the firm can explain how the return was prepared and help with questions the CRA sends about that work.

Call the office. The previous website offered up to 15 minutes to look at a CRA letter before a quote. Ask what that conversation includes.

Yes. Bookkeeping, payroll and HST returns are separate from a personal tax return and are quoted before work starts.

Call (647) 827-2220, email info@kennedyaccounting.ca, or use the message form on the contact page. Do not send a SIN in that form.

Only 2390 Eglinton Ave E, Suite 205, Scarborough, ON M1K 2P5. Our former Lawrence Ave E office has closed. All services are now at 2390 Eglinton Ave E, Suite 205.