2023 Personal Tax Season

Personal tax season is just around the corner.  Please visit Personal Taxes for the following documents and other tools to help you get started:

  • Our personal tax checklist to help you gather your annual tax information and make the process as simple as possible for you;
  • Our engagement letter that documents the terms or our engagement to prepare your annual tax returns. Once you have read the engagement letter, please sign and return it to us when you send in your tax information.

We encourage everyone to provide us with their tax information as soon as possible so that we have adequate time to process the information and review your return for potential tax planning opportunities.  Please note that we cannot guarantee timely completion of your tax returns unless we receive all of your information by April 5, 2024, at the latest.  If your personal tax situation has changed significantly this year and you would like to review your information with us, please call to make an appointment with one of our senior staff.

We highly recommend the use of our firm’s client portal to send your information to us.  The portal is secured with an SSL certificate and is housed on our premises.  If you don’t already have a portal setup, please contact Nicole, our Client Relations Coordinator, to have one set up for you.  If it’s not possible for you to send your information to us either by our client portal, by email, courier or Xpresspost (which provides a tracking number), please call ahead to let us know when you are planning to come so we know when to expect you.

The deadline for RRSP contributions is February 29, 2024.  If you need assistance with how much to contribute to your RRSP, please contact us.

The Tax-Free Savings Account (TFSA) contribution limit for 2024 is $7,000.  The benefit of a TFSA is that the income earned in this account is not subject to tax, assuming that you are not a U.S. citizen.  Please contact us if you would like more information on these accounts.

The Tax-Free First Home Savings Account (FHSA) annual contribution limit is $8,000 with a lifetime contribution limit of $40,000.  Annual contributions are tax deductible like an RRSP.  Investment income earned and withdrawals to purchase a first home are non-taxable, like a TFSA.  Please contact us if you would like more information on this program.

The new trust reporting rules are now in effect, for all trust taxation years that end after December 30, 2023. Trustees will be responsible for ensuring that the beneficial ownership information is reported in trust returns, where applicable. For more information, please review our article dated December 1, 2022. If you have an In Trust For account or a bare trust arrangement, please let us know.

This year we will be implementing a nominal service charge for packages that are requested to be printed. This is to encourage environmental sustainability by reducing the amount of paper our office uses.

If you have not reviewed your will for a long time or if you have had a significant change in your circumstances, now is a good time to provide us with a copy of your will so that we can review it with you and provide you with any estate planning suggestions.

Please visit our website at for our forms and newsletters on various useful topics including personal tax information.

We appreciate your continued business and look forward to working with you in 2024.