Client: Independent consultant (Toronto, Canada)
Challenge: Complex income mix (employment + freelance + investments) was causing overpayments and missed credits with the CRA.
What we did:
- Rebuilt prior-year records and categorized income correctly (T1).
- Applied eligible credits/deductions; optimized RRSP/TFSA strategy.
- Set quarterly estimates to avoid surprises.
Impact: - 18% reduction in tax payable; interest/penalties avoided.
- Year-round plan reduced filing time from weeks to days.
Keywords: personal tax optimization Canada, T1 filing, CRA credits, tax planning Toronto.