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At Tax Filings Canada, we handle every part of your pension income splitting, from the filing itself to the planning around it. Our accountants work with individuals and families every week, so your return is filed correctly and you keep every credit you are entitled to.
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Tax Filings Canada provides pocket-friendly, fixed-fee pension income splitting across Canada: the T1 return with every slip — T4, T4A, T5, T3 — plus RRSP, FHSA and credit optimization, built for employees, self-employed Canadians and investors, with payment only after your work is complete.
Share your records in one go or in pieces as you find them.
Our preparers work through your pension income splitting file and note anything worth discussing.
You approve the final version only after your questions are answered.
We submit on your behalf and keep the paper trail organized for you.
| Factor | Tax Filings Canada | Typical Firm |
|---|---|---|
| Pricing model | Fixed, flat fee | Hourly / unpredictable |
| Payment | Pay after service | Upfront retainer |
| Price match | Yes, on written quotes | Rarely |
| CRA audit support | Included | Billed extra |
| Typical turnaround | 3-5 business days | 2-4 weeks |
CRA interest on unpaid balances compounds daily at the prescribed rate plus 4%, which is why filing on time matters even when you cannot pay yet. We quote pension income splitting as one pocket-friendly fixed price — the budget-friendly alternative to hourly billing.
Most of what goes wrong with pension income splitting goes wrong before anyone opens the software. As a tax practitioner, that is where these notes on Pension Income Splitting begin.
Here is where every serious conversation about Pension Income Splitting begins: T1 returns are due April 30, and June 15 for the self-employed — but any balance owing is due April 30 regardless, with interest compounding daily from that date. The June deadline misleads a great many self-employed filers into paying two months late without realising it.
There is a second layer to this. A disposition of a principal residence has to be reported and the designation made, even where the entire gain is exempt. The exemption is not lost by silence, but a late designation carries its own penalty. The CRA now has the sale data from other sources. One more, because it surfaces in reviews constantly: Charitable donations can be carried forward for up to five years and claimed by either spouse. The credit rate steps up above the first $200 of total gifts in a year. Small receipts claimed one year at a time sit in the low tier every time.
If the rules above feel like they might interact in your situation, that instinct is usually right. Sorting out how is the core of what a tax practitioner does on a pension income splitting engagement. Before the first meeting, it helps to pull together the records that let a tax practitioner see your situation whole.
Our terms are the same for every engagement: a fixed fee agreed before work begins, a full review with you before filing, and payment only after the service is complete.
Providing transparent fixed pricing and high-quality compliance work for your pension income splitting requirements.
Coverage: Standard bookkeeping and pension income splitting preparation.
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Book NowCoverage: Full-service bookkeeping, filings, and CRA compliance support.
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Ideal for companies seeking high-growth financial structuring.
Book NowWhy you should partner with Tax Filings Canada Experts for all your pension income splitting needs?
Providing tailored pension income splitting services to ensure compliance and maximize deductions.
Our tax accountants keep your business compliant with federal and provincial tax rules.
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Receive a comprehensive checklist and securely provide the required financial records and documents.
Our tax accountant and accounting experts carefully prepare your filings, identify all applicable deductions and credits, and conduct thorough reviews.
We file your documents electronically with the Canada Revenue Agency (CRA) on time and provide post-filing support.
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See how our expert Pension Income Splitting tax and accounting services have helped Canadian businesses save money and stay compliant.
A $107,000 reassessment landed at a taxpayer with US-source dividends in Kelowna, British Columbia. It rested on RRSP room accumulated over eight years and never used in a high-income year. The objection was allowed in full.
A taxpayer with US-source dividends in Kelowna, British Columbia had been reassessed for $107,000. 16 days were left on the objection deadline. The reassessment rested on RRSP room accumulated over eight years and never used in a high-income year. We filed the objection inside the deadline with a complete submission rather than a placeholder. Alongside it, we filed the outstanding T1135 disclosures under the voluntary disclosure route before the CRA raised them. The appeals officer allowed the objection in full. $107,000 was reversed and the account returned to a nil balance.
A full-time student with tuition credits and part-time earnings in Lethbridge, Alberta was filing correctly and still overpaying. The reason was foreign accounts that had crossed the T1135 threshold two years earlier. Restructuring the position cut $33,000 from the annual bill.
A full-time student with tuition credits and part-time earnings in Lethbridge, Alberta was compliant but paying more than it needed to. The prior year had been filed correctly. It still left foreign accounts that had crossed the T1135 threshold two years earlier on the table. We modelled the current position against the alternatives before changing anything. Then we obtained the signed T2200 and rebuilt the employment-expense claim on the prescribed form with the supporting records attached to the file. The change saved $33,000 in the first year and repeats annually. Nothing about the filings became more aggressive. The position is simply the one the rules already allowed.
A taxpayer claiming a dependant's transferred disability amount in Calgary, Alberta was overpaying instalments. The cause was a home sale never reported on the basis that the gain was exempt anyway. Rebasing them returned $46,000 to the business.
A taxpayer claiming a dependant's transferred disability amount in Calgary, Alberta was paying instalments calculated on a prior year. That year no longer reflected the business. A home sale never reported on the basis that the gain was exempt anyway was tying up $46,000 of cash. We rebased the instalments on the current-year estimate rather than the prior-year default. Alongside that, we reset the medical expense claim window, transferred credits between spouses, and applied the tuition and disability amounts to the return that used them. $46,000 of cash stayed in the business, the penalty cycle ended, and the instalment position is reviewed each quarter against actual results.
A retiree splitting eligible pension income with a spouse in Mississauga, Ontario had never tested its work against the eligibility rules. The resulting $12,500 claim was accepted without adjustment.
A retiree splitting eligible pension income with a spouse in Mississauga, Ontario assumed the credits did not apply to a business its size. Years of small donation receipts claimed one at a time instead of pooled onto a single return meant they had applied all along. We identified the qualifying activity and built the documentation to support it. Then we reported the disposition and filed the principal residence designation for the year of sale, closing the late-designation exposure before the CRA raised it. $12,500 recovered. Because the eligibility analysis is on file, the same claim can be repeated each year with a fraction of the effort.
A $100,000 reassessment was proposed against an employee who moved provinces mid-year in Ottawa, Ontario. It followed employment expenses claimed with no signed T2200 from the employer to support them. The documented response reduced it to nil.
A review notice arrived at an employee who moved provinces mid-year in Ottawa, Ontario, covering pension income splitting for two tax years. The auditor's working position was an adjustment of $100,000. It was driven by employment expenses claimed with no signed T2200 from the employer to support them. Rather than negotiate, we rebuilt the record. We recalculated the instalments on the current year’s expected income rather than the prior year’s, which stopped the instalment interest from growing. We then submitted a point-by-point response that answered each proposed adjustment with the document behind it. The auditor accepted the documented position and closed the review without adjustment, protecting $100,000 and leaving the prior filings undisturbed.
A self-employed consultant in Hamilton, Ontario had outgrown its structure. The visible cost was three years of returns filed without the slips that had been mailed to an old address. The reorganisation completed tax-deferred and saves $50,000 a year.
A self-employed consultant in Hamilton, Ontario had outgrown the structure it started with. Three years of returns filed without the slips that had been mailed to an old address was the immediate problem. The longer-term one was that the structure blocked the next step. We mapped the current structure and modelled the target. Then we carried the capital loss back against gains reported in the prior three years and generated a refund rather than a carry-forward balance. The tax-deferred elections were filed on time and the supporting valuations documented. The reorganisation completed without triggering tax, and the new structure saves approximately $50,000 a year while removing the exposure the old one carried.
Meet the specialists behind your Pension Income Splitting filings. Our Partners Are Alumni of the World's Top Accounting and Tax Institutions
CA (ICAI), CA (MIA), CPA Canada (In-Depth Tax Program)
Canada Tax, International Tax, Cross Border Tax, Transfer Pricing
International Tax, Transfer Pricing Specialist
CA (ICAI), Canada Tax Expert
CA. Fractional CFO and Senior Advisory Specialist
Same fixed fees in every province. Find your city or your sector.
Direct answers to what Canadian business owners actually ask before hiring an accountant.
Pension Income Splitting starts at a fixed fee quoted before any work begins. The quote is locked at the outset and does not change mid-engagement, and you pay only after you have reviewed and approved the deliverable. Compare every plan on our transparent pricing page.
At minimum: prior-year returns and notices of assessment, your bank and credit-card statements for the fiscal period, payroll records if you have employees, and GST/HST filings. We send a checklist tailored to your situation after the free 15-minute call.
Most engagements are completed within 3 to 5 business days once your documents are complete. Catch-up work covering multiple years takes longer, and we tell you the realistic timeline before you commit rather than after.
We respond on your behalf at no extra charge for any return we prepared. Every figure we file is supported by documentation retained in your file, which is what turns a CRA review from a crisis into correspondence. See how our CRA audit representation works.
Yes. Late filing penalties compound at 5% of the balance owing plus 1% per month, so the cost of waiting is real. We prioritise catch-up work and, where eligible, file under the CRA's Voluntary Disclosures Program to reduce penalties.
Yes. We serve clients in every province and territory at the same fixed fees, so your location does not change the price or the service. Browse our coverage across Canada to find your city.
We work across construction, healthcare, e-commerce, professional services, restaurants, real estate, transportation, technology and non-profits, each with its own deduction profile and CRA scrutiny patterns. See all industries we serve.
Software applies the rules you already know about. An experienced tax accountant finds the ones you do not: capital cost allowance timing, the small business deduction threshold, shareholder loan repayment rules, and TOSI exposure on family dividends. The fee is usually smaller than the deductions it surfaces.
Our pension income splitting services include complete filing, compliance management, and strategic advice customized to Canadian tax laws.
You can start by booking a free 15-minute call. We will review your files, provide a fixed quote, and start working immediately.
The honest answer comes down to one rule. A T1 adjustment can reach back ten calendar years, and ReFILE handles most changes without a paper T1-ADJ. Most missed refunds are still recoverable years later. Very few taxpayers go back and look. That is the part we verify before anything is filed.
Our answer starts where the legislation starts. An expense is deductible where it was incurred to earn income and is reasonable in the circumstances. The business-use portion must be supported, which for vehicles means a logbook. The CRA rarely argues that an expense category is wrong; it argues that the proportion claimed was never substantiated. From there it is a matter of applying it to your year — and that application, not the rule itself, is where a tax practitioner earns the fee.
The questions Canadians actually search on this topic, answered plainly. Browse every question in the Canadian tax answers directory.
Yes. Most people file electronically through NETFILE using CRA-certified software, which submits the return directly and confirms receipt immediately. Filing online is also what makes a fast refund possible: for 2025 returns filed in 2026 the CRA service standard is about two weeks online, against a considerably longer standard for a paper return, and registering direct deposit removes the cheque step. CRA online filing for 2025 returns opened 23 February 2026 and closes 29 January 2027.
As the rules stand for the 2025 tax year filed in 2026, the late-filing penalty is 5% of the balance owing plus 1% of that balance for each full month the return is late, to a maximum of 12 months, so 17% at worst. It rises to 10% plus 2% per month for up to 20 months, a 50% maximum, but only where the CRA formally demanded the return and had already charged a late-filing penalty for any of the three preceding tax years. Interest compounds daily.
Most tax saving comes from a short list of levers: contributing to an RRSP or a spousal RRSP, holding investments inside a TFSA, FHSA or RESP so growth is sheltered, claiming every deduction and credit you actually qualify for, and splitting income where the rules allow, such as pension income splitting. Business owners add expense timing and salary versus dividend planning. Order matters, so decide before year end rather than at filing time.
Your marginal tax rate is the rate on your next dollar of income, not on your income as a whole. Federally for 2026 that is 14%, 20.5%, 26%, 29% or 33% depending on the bracket you have reached, and your province's rate stacks on top, so an Ontario earner in the 26% federal band adds the Ontario rate for their own band. The two sets of thresholds rarely line up, so add the two rates together.
Filing is required once tax is owed, and also in several situations regardless of income, including selling property, repaying benefits, splitting pension income, or receiving a request to file from the CRA. Below the basic personal amount most people owe nothing, yet filing still pays: the Canada Child Benefit, the GST/HST credit and provincial credits are all calculated from a filed return. Check the basic personal amount for the year you are filing.
Car insurance is claimable only for the business or employment use of a vehicle, never for personal driving. Keep a log of business kilometres and total kilometres for the year, then claim that share of insurance along with fuel, repairs, licence fees and loan interest. Employees need their employer to certify in writing that the vehicle was required for the job. Driving between home and a regular workplace counts as personal use.
Yes. GST/HST you charge customers is collected on the government's behalf, so it sits as a liability until you remit it. Input tax credits on your purchases reduce that balance, and the net amount is what the GST/HST return reports. Record the tax in its own account at the point of sale; treating collected tax as revenue overstates sales and hides what you owe. Reconcile the account every filing period against the return.
A Canadian business can face corporate income tax federally and provincially, GST/HST or provincial sales tax on what it sells, payroll withholding with employer CPP and EI, property tax on premises it owns, and payroll or health levies in some provinces. An unincorporated business reports its profit on a T2125 with the owner's T1 instead of paying corporate tax. Which ones apply depends on structure, where you operate, and whether you have employees.
Yes. GST and HST are one federal tax, so a registrant claims tax paid anywhere in Canada on the same return, at whatever rate applied where the supply was made. An Alberta business billed 13% HST on an Ontario hotel stay recovers the full 13%, as long as the expense relates to commercial activity and the invoice shows the tax. Provincial retail taxes are different: British Columbia PST, Saskatchewan PST and Manitoba RST are costs, not credits.
Basic groceries are zero-rated, so no GST/HST is charged on bread, milk, vegetables, meat and similar staples. Restaurant meals, catering, most snack foods, candy, carbonated drinks and food sold heated or ready to eat are taxable at the provincial rate: 13% in Ontario, 14% in Nova Scotia since 1 April 2025, or 5% GST where there is no HST. Some provinces rebate the provincial part on qualifying prepared food.
Where you owe money, a late-filing penalty applies: 5% of the balance owing plus 1% for each full month the return is late, up to twelve months, with compound daily interest on top. If the CRA served a demand to file and charged you a late-filing penalty in any of the three preceding years, that rises to 10% plus 2% a month to twenty months. Filing late also stops benefit and credit payments, even when no tax is owed.
Most personal legal fees are not deductible. A claim is allowed only in defined situations: fees paid to collect or establish a right to salary or wages owed by an employer, to secure a pension or a retiring allowance, or to object to and appeal a tax assessment. Fees for a divorce, a home purchase or defending a personal dispute do not qualify. Any reimbursement or award you later receive reduces the amount claimable.
Reviewed and fact-checked by Udit Gupta
Ex Big 4 — Ernst & Young, Deloitte · International & cross-border tax specialist · CPA Canada (In-Depth Tax Program) · Chartered accountant, ICAI & MIA
Udit Gupta has over 15 years of experience helping corporations and business owners with corporate structuring, corporate tax filing, bookkeeping, payroll, GST/HST, cross-border tax and CRA representation. He is Big 4 trained, at Ernst & Young and Deloitte, and qualified as a chartered accountant in India and again in Malaysia. In 2014 he founded his accounting practice to serve entrepreneurs, startups and non-resident business owners across Canada. View full member bio.
The Institute of Chartered Accountants of India — member 521458 · Malaysian Institute of Accountants — member CA 44667 · Ex Big 4: Ernst & Young, Deloitte · CPA Canada (In-Depth Tax Program), completed 19 Dec 2023 · In-Depth GST/HST Part I, 12 Jul 2022 · Part II, 5 Jul 2023
Editorial policy. Every page is researched against primary sources — the Income Tax Act, CRA publications and CPA Canada guidance — and every rate or threshold is stated with the tax year it applies to.
Sources. CRA — Businesses · Income Tax Act (Justice Laws Website)
