File personal or business tax return

Filing your personal or business tax return accurately and on time helps avoid CRA penalties and maximize refunds. Learn how Tiki Tax can help.

12/23/20251 min read

File Personal or Business Tax Return

Accurate & On-Time Tax Filing in Canada

Filing your personal or business tax return correctly and on time is essential to staying compliant with the Canada Revenue Agency (CRA). Errors, late filing, or missing information can result in penalties, interest, reassessments, or delayed refunds.

At Tiki Tax, we help individuals and businesses across Canada file their tax returns with accuracy, confidence, and peace of mind.

Why Filing Your Tax Return Matters

✔️ Avoid late-filing penalties and interest

✔️ Ensure eligibility for refunds and benefits

✔️ Stay compliant with CRA requirements

✔️ Reduce audit and reassessment risk

✔️ Create a strong foundation for tax planning

Even if you owe no tax—or can’t pay right away—filing on time is still required.

Personal Tax Return Filing (T1)

You need to file a personal tax return if you:

Earned employment, investment, or self-employed income

Want to claim tax credits or deductions

Receive government benefits or refunds

Are a newcomer, student, or temporary resident

Common personal tax forms include:

T4, T5, T4A income slips

RRSP, tuition, and medical receipts

Business Tax Return Filing

Self-Employed & Sole Proprietors

Business income and expenses reported on T2125

GST/HST reporting (if registered)

Proper expense categorization is critical

Corporations

Corporate tax return (T2)

Shareholder salary or dividends

Compliance with CRA corporate deadlines

📌 Business tax returns are more complex and require careful planning.

When Should You File?

Personal tax deadline: April 30

Self-employed deadline: June 15 (payment due April 30)

Corporate deadlines: Vary based on fiscal year-end

Filing early helps prevent last-minute mistakes and delays.

Common Filing Mistakes to Avoid

❌ Missing income slips

❌ Incorrect deductions or credits

❌ Late filing or late payment

❌ Poor business recordkeeping

❌ Ignoring CRA notices

Professional filing significantly reduces these risks.

How Tiki Tax Helps with Tax Filing

✔️ Personal and business tax preparation

✔️ Review of income, expenses, and deductions

✔️ CRA-compliant filing and documentation

✔️ Support for late or amended returns

✔️ Ongoing tax planning advice

We work with:

Employees and families

Freelancers and contractors

Small businesses and corporations

File with Confidence, Not Stress

Filing your personal or business tax return doesn’t have to be complicated.

👉 Contact Tiki Tax today to file accurately, avoid CRA issues, and stay one step ahead of tax season.

🌐 Website: https://www.tikitax.ca/