MAQ CPA Professional Corporation

MAQ CPA Professional Corporation Readers are strongly advised to consult a qualified professional before making any decisions based on the content of this blog.

Disclaimer: The information provided in the pages and blogs is for general informational purposes only and does not constitute professional accounting, tax, financial, or legal advice. While we strive to ensure the accuracy and timeliness of the content, the information may not apply to your specific situation or reflect the most current legislative changes. MAQ CPA and its representatives disclai

m any liability for any loss or damage incurred as a result of reliance on any information provided herein.

What Counts as a TFSA Excess Contribution?Your TFSA contribution room = (all annual limits you’ve accrued) − (all contri...
07/03/2026

What Counts as a TFSA Excess Contribution?

Your TFSA contribution room = (all annual limits you’ve accrued) − (all contributions you’ve made) + (prior-year withdrawals added back on Jan 1). If your deposits at any time exceed that room—by even $1—you’ve over-contributed. The CRA then applies a 1% per-month tax on the month’s highest excess balance until you remove it or the next year’s room absorbs it.

Understanding TFSA excess contribution is essential. Learn how to avoid penalties and maximize your savings wisely.

Personal Tax Accountants Toronto | Business Tax Preparation ScarboroughWe prepare and e-file PERSONAL Tax Return, Self-e...
02/20/2026

Personal Tax Accountants Toronto | Business Tax Preparation Scarborough

We prepare and e-file PERSONAL Tax Return, Self-employed BUSINESS returns, and GST/HST returns for Individual taxpayers, professionals, and self-employed individuals, including but not limited to the following:
- Healthcare Professionals (Doctors, Dentists, Chiropractors, Optometrist, etc.)
- Legal Professionals (Lawyers, Law Firms, Paralegal)
- IT/Media Professionals
- Real Estate Sales Agents / PREC
- Consultants
- Mortgage Agents
- Insurance Agents
- Sales Commission Agents
- Rental Businesses (Commercial, Residential Lessors)
- Real Estate Investors
- Stock Traders and Investors
- Construction Contractors and Trades
- Transportation / Trucking / Freight Business
- Airbnb / Vrbo Hosts
- Uber / Lyft / Delivery / Truck Drivers
- Retail Businesses
- Employees
- Seniors
- Students
- Any Other Product and Service-based Sole Proprietorship Businesses

Please contact us at 416-901-4126 or "[email protected]."

To learn more about our services, please visit

Expert personal tax returns services in Toronto and Scarborough. Maximize deductions, avoid errors, and file on time with a friendly tax pro.

Self-Employed Business Tax Return and GST/HST Return Filer TorontoWe prepare and e-file PERSONAL Tax Return, Self-employ...
01/23/2026

Self-Employed Business Tax Return and GST/HST Return Filer Toronto

We prepare and e-file PERSONAL Tax Return, Self-employed BUSINESS returns, and GST/HST returns for Individual taxpayers, professionals, and self-employed individuals, including but not limited to the following:
- Healthcare Professionals (Doctors, Dentists, Chiropractors, Optometrist, etc.)
- Legal Professionals (Lawyers, Law Firms, Paralegal)
- IT/Media Professionals
- Real Estate Sales Agents / PREC
- Consultants
- Mortgage Agents
- Insurance Agents
- Sales Commission Agents
- Rental Businesses (Commercial, Residential Lessors)
- Real Estate Investors
- Stock Traders and Investors
- Construction Contractors and Trades
- Transportation / Trucking / Freight Business
- Airbnb / Vrbo Hosts
- Uber / Lyft / Delivery / Truck Drivers
- Retail Businesses
- Employees
- Seniors
- Students
- Any Other Product and Service-based Sole Proprietorship Businesses

Please contact us at 416-901-4126 or "[email protected]."

To learn more about our services, please visit https://maqcpa.ca/self-employed-business-tax

-EmployedTaxPreparers

Expert tax services in Toronto for self-employed individuals, freelancers and contractors by maximizing deductions and minimizing taxes.

We prepare and e-file PERSONAL Tax Return, Self-employed BUSINESS returns, and GST/HST returns for Individual taxpayers,...
01/16/2026

We prepare and e-file PERSONAL Tax Return, Self-employed BUSINESS returns, and GST/HST returns for Individual taxpayers, professionals, and self-employed individuals, including but not limited to the following:
- Healthcare Professionals (Doctors, Dentists, Chiropractors, Optometrist, etc.)
- Legal Professionals (Lawyers, Law Firms, Paralegal)
- IT/Media Professionals
- Real Estate Sales Agents / PREC
- Consultants
- Mortgage Agents
- Insurance Agents
- Sales Commission Agents
- Rental Businesses (Commercial, Residential Lessors)
- Real Estate Investors
- Stock Traders and Investors
- Construction Contractors and Trades
- Transportation / Trucking / Freight Business
- Airbnb / Vrbo Hosts
- Uber / Lyft / Delivery / Truck Drivers
- Retail Businesses
- Employees
- Seniors
- Students
- Any Other Product and Service-based Sole Proprietorship Businesses

Please contact us at 416-901-4126 or "[email protected]."

To learn more about our services, please visit https://maqcpa.ca/personal-tax-returns

-EmployedTaxPreparers

Expert personal tax returns services in Toronto and Scarborough. Maximize deductions, avoid errors, and file on time with a friendly tax pro.

We prepare and e-file T2 corporation tax returns and GST/HST returns for small businesses and professional corporations ...
01/09/2026

We prepare and e-file T2 corporation tax returns and GST/HST returns for small businesses and professional corporations at an affordable fee.

We offer the following corporate tax return filing services:

• T2 Corporate Tax Return Preparation and Filing – Complete preparation and electronic filing of your company’s T2 returns

• Basic Corporate Tax Planning Strategies – Identifying opportunities for tax minimization and timing of income recognition

• Remuneration Strategies – Consulting on Dividend vs Salary to minimize taxes at both corporate and personal levels

• Financial Statements Preparation – Creating accurate financial statements required for corporate tax filing and for compilation engagement reports (formerly, Notice to Reader)

• Corporate Tax Installment Planning – Structuring your tax installments to optimize cash flow

• Scientific Research & Experimental Development (SR&ED) Claims – Assistance with claiming valuable R&D tax credits based on your Consultant’s prepared schedules

• Information Returns – Preparation of T4, T4A, T5, T5018, and other information returns

• GST/HST Return – Preparation and filing of GST/HST return

• CRA Audit Support – Professional representation during corporate tax audits and reviews

Please contact us at 416-901-4126 or "[email protected]."

To learn more about our services, please visit

Stay CRA-compliant, minimize your taxes, and leave the paperwork to our pros—so you can focus on growing your business.

Picking the right GST/HST accounting and reporting period is one of the fastest ways a Canadian small business can impro...
11/28/2025

Picking the right GST/HST accounting and reporting period is one of the fastest ways a Canadian small business can improve cash flow, reduce admin time, and stay audit-ready. Whether you operate in Toronto, Scarborough, Markham, Mississauga, Brampton, Vaughan, Richmond Hill, North York, Pickering, Ajax, Whitby, Oshawa, Oakville, Burlington, Hamilton or Canada, this guide explains regular vs quick method of GST/HST and shows who it’s best for, and gives you a practical way to decide.

Learn methods of GST/HST accounting and reporting, a complete guide for each method explained and best for scenarios—tailored to Canadian small businesses, with examples, decision tools, and practical tips.

Address

Scarborough, ON
M1R2Y4

Opening Hours

Monday 10am - 6pm
Tuesday 10am - 6pm
Wednesday 10am - 6pm
Thursday 10am - 6pm
Friday 10am - 6pm

Telephone

416-901-4126

Website

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