Tax Accountant Toronto

Looking for a reliable tax accountant Toronto professionals and business owners can trust?

Your Modern Accountant provides expert personal tax filing, self-employed and freelance tax returns, rental income reporting, bookkeeping services, and corporate T2 filings for Toronto and GTA clients, with a fully online process and a dedicated accountant assigned to your file.

tax accountant toronto

Toronto Tax Accountant Services for Canada’s Most Complex Market

Toronto is Canada’s largest city and its financial capital, and its tax situations reflect that. Bay Street professionals with employee stock options and T5008 slips, Scarborough small business owners filing corporate T2 returns, North York landlords managing multiple rental properties, Etobicoke freelancers navigating HST registration — the range of personal and business tax complexity in this city is enormous.

Most Toronto taxpayers, especially those with more than a basic T4 return, leave money on the table when they file on their own. The credits they miss, the deductions they do not claim, and the structures they do not use cost real money year over year. Your Modern Accountant serves Toronto clients with the same expertise you would expect from a downtown accounting firm, through a fully remote process that fits how busy professionals actually work. As part of our Ontario practice, Toronto clients have access to the full range of YMA’s tax and accounting services.

Tax and Accounting Services for Toronto Clients

Our Tax services include

  • Personal income tax (T1): T4 employment, investment income, T5 and T3 slips, capital gains, RRSP and TFSA, rental income, foreign assets (T1135)
  • Self-employed and freelance tax: HST registration and remittance, business expense deductions, home office claims, annual T1 preparation
  • Rental property income: Toronto landlords with one unit to multi-property portfolios, principal residence exemptions, capital gains on sale, CCA deductions
  • Corporate T2 returns: Ontario incorporated businesses, year-end filings, T4 preparation, HST filing, shareholder documentation
  • CRA correspondence and audit support: review letters, reassessments, audit representation, notice of objection
  • Tax planning: salary versus dividend analysis, corporate structure review, capital gains planning

You can view our full pricing on the Tax Rates page before booking.

Toronto Neighbourhoods and Client Types We Work With

Our Toronto clients come from every part of the city and the GTA. The tax situations are as varied as the city itself:

    • Downtown Core and Bay Street: finance professionals, investment bankers, and executives with stock options, deferred compensation, and significant investment portfolios. These returns require careful handling of T5008 slips, adjusted cost base tracking, and sometimes T1135 Foreign Asset Reporting.
    • North York and Scarborough: a dense concentration of small incorporated businesses, professional corporations, and first-generation entrepreneurs. T2 corporate returns, HST remittance, and payroll compliance are services we provide to this community regularly.
    • Etobicoke, Mississauga, and the West End: trades contractors, IT consultants, and healthcare professionals who have incorporated or are considering it. Salary versus dividend planning and HST compliance are common needs.
    • Danforth, Leslieville, Parkdale, and the East End: creative industry freelancers, content creators, designers, and agency contractors. Many have mixed T4 and self-employment income and need help with HST registration, expense tracking, and annual T1 preparation.
    • Toronto landlords: the condo and multi-unit rental market makes real estate income one of the most common reasons Toronto clients seek professional tax help. We handle rental income reporting, CCA deductions, and capital gains on property sales.

How a Toronto Tax Accountant From YMA Works With You

Our process is entirely online. You use our Tax Package Finder to identify the right service tier for your situation. You book a free consultation by video call. You upload your documents through our secure client portal. We prepare your return, review it with you, and file electronically with CRA. A dedicated accountant is assigned to your file throughout the engagement.

For Toronto professionals who want more than a once-a-year filing service, our higher-tier packages include year-round access to your accountant. That means support for CRA correspondence, planning questions, and corporate decisions whenever they come up, not just during tax season.

We serve clients across the entire province, including Ottawa. Visit our Ontario accounting page for more.

What Our Clients Say

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Contact Cem profile picture
Contact Cem
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Patrick and Andrew know their business, are super professional and very attentive. I totally recommend them.
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R W profile picture
R W
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Casey Hinton profile picture
Casey Hinton
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Love the team at Your Modern Accountant! They are fast, efficient and reasonably priced. Through their online portal, it's easy to dump all of your info onto them, and they come back with your taxes ready to file. They have great customer service and I would highly recommend them!
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Nema McGlynn
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Worked with Patrick. He responded to all my inquiries very quickly. The online portal was convenient and easy to access. I found the overall experience quite efficient and straight forward. Highly recommend.
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Laurie Marie Turcotte
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Google should have a 10 star rating for the Superstars! It was mid-April, and I found myself without my regular tax preparer. I had called a number of companies, most said they would not be taking new clients. I found Your Modern Accountant, and started perusing reviews. I called Patrick and was instantly set at ease, that yes, they could do my taxes. I went from "peel me off the ceiling" to "I can breathe again." I was lined up with Andrew from YMA, uploaded all of my tax info, and within hours, I had the rough numbers. All of my questions were answered so quickly, I was confident that Andrew knew the tax code, and would do best by me. I thought I'd be in tax debtors prison for the rest of the year, but Andrew got me a refund! The whole process was seamless, communication was constant, and the price was right! So tickled was I with YMA, I told a friend who needs help with her taxes...and now I'm telling you.....10/5 stars. YMA has a client for life.
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Josh Rock profile picture
Josh Rock
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Your Modern Accountant has been assisting with my business taxes for the past few years and I have received nothing short of fantastic service. Every tax season, it's super easy to do everything remote via laptops/phones and their online portal. They are very responsive and help get our tax filing done quickly and efficiently. They also tie all the tax conversations back to how it affects the overall financial health and financial planning for the company - which really helps steer us in some of our decisions. Would recommend their services and advice to any small business out there!
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John Michael profile picture
John Michael
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Outstanding company. I have a small business and have been working with Patrick and YMA for ~3 years. I like to do my own taxes - and need Patrick's expertise to help ensure I do them correctly and efficiently. Patrick is always available to answer all my questions in an easy to understand manner - all at an affordable price. Whenever friends ask for a referral, I always recommend they contact Patrick or any of the team at YMA. I am confident they will receive the same high level of service I receive.
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Quisca Producciones
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I had a complicated tax situation but Patrick at YMA was there to work through it with me, showing great patience, knowledge and efficiency. Thanks for a great job well done.
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Frequently asked questions

Can you handle Toronto rental property income and capital gains on property sales?

Yes. Rental income reporting, principal residence exemption calculations, and capital gains on property disposals are among the most common reasons Toronto clients come to us. We handle CCA deduction tracking, co-ownership arrangements, and renovation expense claims as part of the service.

I am an Ontario-incorporated consultant or freelancer in Toronto. Can you file my T2 and personal taxes?

Yes. We file both your T2 corporate return and your personal T1. We also help with the decisions that sit between them, including salary versus dividend planning, shareholder loan management, and year-end timing. These decisions can have a significant impact on your combined personal and corporate tax bill.

Do you handle HST filing for Toronto self-employed professionals?

Yes. HST registration, quarterly or annual remittance, Input Tax Credit (ITC) claims, and year-end HST reconciliation are all included in our self-employed and corporate packages.

I have investment income, capital gains, and T5 or T3 slips. Can you help?

Yes. We handle T5 interest and dividend slips, T3 trust income slips, T5008 proceeds of disposition, adjusted cost base tracking for capital gains calculations, and T1135 Foreign Asset Reporting where applicable.

What if I have received a CRA review or reassessment notice?

Do not respond to CRA on your own if you are unsure what you are looking at. Our team handles CRA correspondence, audit support, and notices of objection as part of our higher-tier packages. We review the letter, advise you on your options, and communicate with CRA on your behalf.