Tax Year 2025
To Our Valued Clients
It’s that time of the year again to start thinking about preparing and filing your 2025 T1 Personal Income Tax Returns! We understand this process is taxing, so rest assured, our team is here to help you!
As such, please find attached documents and take note of the following information:
– Our standard terms of engagement for your review, completion, signature and return to us.
– Complete the checklist to assist you in preparing the relevant information for us to prepare your tax returns.
The attached Excel templates will assist you with reporting the following on your personal tax return (Sole-Proprietor/Self-Employed income, Rental income, Business use of home office, Business use of personal vehicle, Medical expenses. If you’re a Sole-Proprietor/Self-Employed, then use the applicable templates.
If you will be submitting your tax documents/information electronically (which is recommended), then please upload them to your Secure Online Client Portal with our firm (ShareFile). Please click here (Client Portal Login) to log in to your client portal and submit your information online. If you’re having issues accessing your client portal, please kindly contact a member of our team for assistance. Please send us an email after you have uploaded all your tax documents to the client portal so we can commence preparation of your tax returns.
* You can also upload your tax information to us via the mobile app “ShareFile”, which can be downloaded in Apple Store or Google Play. Search “ShareFile” to download the mobile app.
*ShareFile mobile app login instructions:
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Click “Add an Account”. Our firm’s subdomain is “petersco-cpa”.
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Email – enter the email you used for registration.
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Password – enter your password.
Paper documents can still be dropped off at our office. Please insert your documents in an envelope and write your name and contact information (eg, Name, Mobile number and Email) and deliver them in our “Drop-off Box” in front of our office entrance door (Suite 22). If you do not have an envelope, please take an envelope from beside our office entrance door (Suite 22).
Returning documents back to you – We will be providing your tax returns and other deliverables to you via the Secure Online Client Portal (ShareFile). Thus, your documents will be available to you 24/7 anywhere in the world with an internet connection. If you provided us with hard/paper copies of your tax documents/information to us, then it will be available for your collection at our office during regular business hours (Monday to Friday from 9 am to 5 pm).
Signatures will be obtained electronically via e-signature software.
Tax Filings are mostly done via online EFILE. For any tax returns that need to be paper filed, we will ensure they are posted to the tax offices by the deadline.
Other items to note:
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CRA's deadline for filing the 2025 T1 personal tax return and paying any taxes owing is due by April 30, 2026. Self-employed tax returns are due by June 15, 2026, but any taxes owing is still due by April 30, 2026. Due to the lengthy process and logistics involved, we can only guarantee that these deadlines will be met if we receive all your information before the close of business day April 15, 2026. Tax returns are processed and filed in the order that they are received at our office. Tax information received after the April 15, 2026, cut-off may not be filed on time due to filing constraints and may result in interest/penalties assessed by the CRA.
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Unless other arrangements have been made, payment for our services is due before we file and deliver your tax returns to the CRA.
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Our invoices can be paid online with a credit card or a preauthorized debit.
If you have any questions or concerns, please don’t hesitate to contact our office at 403-220-1968 or email at Info@petersco.ca.
We look forward to maximizing your refund and/or minimizing your tax liability!
Sincerely
The Team at Petersco CPA