Personal Tax Accounting & Assistance
Whether your tax situation is straightforward or full of moving pieces, we’re here to make tax season easy and stress-free. We help individuals and families across Norfolk County file on time, claim what they’re entitled to, and understand what’s going on every step of the way. Get in touch with us to get help with your taxes!
Make Tax Season Easy.
Our personal tax service goes beyond basic filing—we look at the full picture to make sure you’re not leaving anything on the table:
T1 Personal Tax Return Preparation
We handle the calculations, forms, and filing so you don’t have to worry about a thing.
Tax Credit & Deduction Optimization
We ask the right questions to help you claim every relevant deduction and credit.
Self-Employed & Side Income Support
Whether you’re running a business, freelancing, or earning gig income, we’ll help you get it filed properly. Read more about our corporate tax services if you need help with business on a larger scale.
Charitable Donations, RRSPs & Medical Claims
We organize and apply eligible credits so you get the maximum return possible.
Ongoing Support
Questions before or after filing? We’re just a call or email away—and happy to explain things in plain English.
- Questions? Contact Us Today!
Fill out the form below and send us a message to let us know the struggles your facing and the help you require.
Your Personal Taxes:
From Simple to Complex
Helping individuals like you.
We work with clients across Norfolk County who want more than just a one-size-fits-all tax return. If you’re tired of stumbling through complicated tax software or simply prefer to talk to a professional about tax credits and deductions, then we are the team for you!
Why Work with Lakeside Accounting?
- ✔️ Friendly, local service backed by professional training
- ✔️ Personalized support for individuals, couples, and self-employed filers
- ✔️ We explain what matters—and why—so you’re never left in the dark
- ✔️ Prompt filing, accurate returns, and no unanswered emails
Common Tax Questions
We take the guesswork and frustration out of personal taxes, but that doesn’t mean there won’t be questions. Here are some of the common questions we get asked:
What tax deductions can I claim to lower my tax bill?
There are several tax deductions available, depending on your situation. Common deductions include medical expenses that exceed a certain percentage of your income, childcare expenses, and charitable donations. You may also qualify for deductions related to business expenses if you’re self-employed. Our personal tax questionnaire helps us to ensure we are claiming everything relevant to your situation.
What is the difference between a tax credit and a tax deduction?
A tax deduction reduces your taxable income, meaning you pay taxes on a smaller amount. For example, if you deduct $1,000 from your taxable income, your tax bill is lowered by your tax rate times that amount. A tax credit, on the other hand, directly reduces the amount of tax you owe. For instance, a $1,000 tax credit reduces your tax bill by $1,000, regardless of your income.
When is the deadline for filing my personal taxes?
The typical deadline for filing personal taxes is April 30th each year. However, if the 30th falls on a weekend or holiday, the deadline may be extended. Self-employed individuals, and their spouses, have until June 15th to file, however the payment for any taxes owing is still due by Apr 30th.
What happens if I do not file my taxes on time?
Failing to file your taxes on time can result in penalties and interest charges on any taxes owed. The CRA charges a penalty for late filing, and interest is charged on any unpaid balance from the due date of your return. In some cases, continued failure to file taxes could lead to legal action or garnishment of wages. If you are unable to pay your taxes, it is still important to file on time to avoid penalties. You can always call the CRA to request a payment plan on the amount owing that may fit better in your budget.
Can I get an extension to file my taxes in Canada?
In Canada, you can request an extension to file your taxes if you are unable to meet the deadline, but this must be done before the due date. However, an extension to file does not extend the due date for paying any taxes owed. If you owe taxes, interest will accrue until the balance is paid, even if you file late.
What are the advantages of having a professional prepare my taxes compared to doing it myself?
While tax software can be helpful, having someone with the proper training, offers a level of expertise and personalized service that software cannot. At Lakeside Accounting, we have in-depth knowledge of the tax code and can tailor your return to your unique circumstances. We can help to identify complex tax situations that may be difficult to navigate on your own, saving you time and potentially avoiding costly mistakes. Furthermore, we can provide ongoing support and guidance if any issues arise after filing.
Can you help me avoid an audit?
While no one can guarantee that you won’t be audited, we can significantly reduce the likelihood of an audit by ensuring your tax return is accurate and fully compliant with tax laws. We know the common audit red flags and can help you avoid making mistakes that could trigger one. Additionally, in the event of an audit, we can provide professional representation and help you navigate the process smoothly.
Contact Lakeside Accounting Today!
From Port Rowan to Waterford, Simcoe, Delhi, Tillsonburg and beyond, we help individuals and families across Norfolk County prepare and file their personal taxes with peace of mind. Contact us today!
- Lakeside Accounting
- Based in Port Rowan, Ontario
- info@lakesideaccounting.ca
- (289) 681-5880
- Mon - Fri: 9am - 4pm
