The 11 Best Personal Tax Accountants in Toronto [2022]

It’s that time of year again: time to break out the calculator, dust off the receipts, and try to make sense of it all. That’s right, it’s tax season! And if you’re like most people, the mere thought of doing your taxes is enough to send you into a panic. 

But there’s no need to dread tax season anymore. These days, you can easily find an accountant who will do your taxes for you – and save you a ton of money in the process. 

So if you’re looking for the best personal tax accountants in Toronto, look no further! We’ve done all the hard work for you and compiled a list of the 11 best ones around. We chose these firms based on a variety of factors, including their experience, fees, and customer satisfaction levels. 

Now all you have to do is choose the one that’s right for you and get started on your taxes!

For more ways to improve your finances and save money, check out our list of the best financial planners or the best mortgage brokers in Toronto.

Summary

How Much Does It Cost to Hire a Personal Tax Accountant in Toronto?

The cost of hiring a personal tax accountant varies depending on the firm you choose and the complexity of your taxes. However, most firms charge by the hour, with rates ranging from $150 to $500 per hour.  

Some factors that can affect the cost of your tax preparation include:

  • The number of years you’ve been in business
  • The type of business you have
  • The number of employees you have
  • The amount of revenue you generate
  • The complexity of your tax situation

When choosing a personal tax accountant, it’s important to compare rates and find one that’s affordable for you. However, remember that the cheapest option is not always the best – you’ll want to make sure you’re getting quality services as well.

What Should You Look for When Choosing a Personal Tax Accountant?

When choosing a personal tax accountant, it’s important to consider your needs and budget. If you have a simple tax return, you may be able to get by with a less experienced accountant who charges lower rates. 

On the other hand, if you have a complex return or are self-employed, you’ll need to find an accountant with experience in those areas. You should also consider the size of the firm and whether you’re looking for a one-on-one relationship or a more impersonal service. 

Finally, be sure to ask about the fees involved and get an estimate of how much it will cost to have your taxes done. This will help you compare different firms and ensure that you’re getting the best value for your money.

The Top Personal Tax Accountants in Toronto

Now that you know what to look for, it’s time to start your search! Here are the 11 best personal tax accountants in Toronto:

1. BBS Accounting, Chartered Professional Accountants

BBS Chartered Professional Accountants are here to help you grow your business with the most professional and tailored service for small businesses in Toronto. They proudly provide full-service accounting, bookkeeping & tax services specifically tailored to meet their clients’ needs at every stage of their entrepreneurial journey! 

They offer top-quality work at affordable prices so that even the smallest of businesses can afford them! They’re a team of professionals that work exclusively with consultants and small businesses – they bring the expertise, and you provide them with your business needs! BBS Chartered Professional Accountants know taxes are a pain, which is why their team of experts will take care to file them for you. 

They’ll provide the latest tax mitigation strategies and walk through every step of the process! Homeowners and business owners may also be able to take advantage of tax functions such as HST & tax filing, tax mitigation strategies and more. 

These guys are the best at what they do. They’ll take care of all your tax needs while you focus on running things smoothly without worrying about accounting or anything like that! Plus their responsiveness and passion show how much these professionals love helping out people in need!

Business Information:

Website: charteredprofessional.accountant
Email: info@bbsaccounting.ca
Telephone: +14166976478
Address: 300-500 King St W, Toronto, ON M5V 1L8, Canada

Customer Review Highlight:

“ We have had a fantastic experience with BBS Accounting. We have been with BBS for many years now and I highly recommend them. The BBS Accounting team is very detail-oriented, quick, reliable and attentive. We always feel very supported by their team who constantly go above and beyond and we couldn't be more grateful. “

Pros

Cons

2. Your Modern Accountant Ltd

Your Modern Accountant is the latest, greatest way to take care of all your accounting needs. With their forward-thinking and embracing technology approach, they’ll be able to help you make better decisions for years to come. They will help you with all your tax needs. 

They offer a wide range of services including making adjustments, deciphering CRA letters and more! They provide you with a transparent, flexible and scalable solution that can be tailored to your needs and offer full transparency through their audit trail which grants access anytime-anywhere in the world! 

They’re not just a company looking out for themselves. They care about your financial health and want you to have all the time in the world so that they can help make things right! Doing business with Your Modern Accountant is an experience like no other. 

You’ll be able to work closely alongside someone who shares your values, beliefs and goals for the future of your company – all while feeling their support every step along the way! 

Business Information:

Website: yourmodernaccountant.ca
Email: info@YourModernAccountant.ca
Telephone: +14169347744
Address: Toronto, ON, Canada

Customer Review Highlight:

“ Nicole at Your Modern Accountant has done our taxes for two years and we have been very happy. We actually had to do it all remotely from overseas and she made the whole process really easy. Nicole was great at explaining things and kept us updated. She was very quick to respond and sort out our tax returns. My employer was late with my T4 and she was great with chasing that. I'm very happy with the service and very happy to recommend her. “

Pros

Cons

3. Filing Taxes

Filing Taxes is a one-stop-shop for any tax needs you may have. They’re a professional accounting firm that works for individuals and businesses and takes care of their tax needs. They know how important it is to have a professional handle your tax returns so they offer expert help with personal and corporate taxes, income tax preparation, bookkeeping and payroll accounting. 

They also do HST returns! As a team of experienced tax preparers, they take care of your financial needs and have an unrivalled track record in satisfying clients. Their expert professional accountants provide you with all the guidance necessary to manage your or someone else’s money wisely according to what’s best for you! 

Plus their prices are great and they also respond promptly by phone or email, so if you`re looking for quality service – look no further!

Business Information:

Website: filingtaxes.ca
Email: tax@filingtaxes.ca
Telephone: +14164798532
Address: 401 Bay St. Suite 1600, Toronto, ON M5H 2Y4, Canada

Customer Review Highlight:

“ They were the best at filing taxes. I am a student who was in real need of help to file my taxes and they were so helpful. I was so stressed about filing my taxes for the first time on my own but due to their help the process ran very smoothly. I felt so relieved that some pressure was taken out of my shoulders. “

Pros

Cons

4. Daniel Toma Chartered Accountant

Daniel Toma is a Toronto-based accountant and experienced business advisor who is committed to providing clients with exceptional service. He established his own practice devoted to building solid client relationships while adding value whenever possible for each new client he encounters.

Wherever you are in your life, he’s there to serve up the best advice. From tax return preparation and compensation planning all the way through retirement & estate strategy – if it has anything at all to do with taxes or finances then this man is an expert! 

His practice is focused on servicing the accounting & tax needs of small to medium-sized business clients, including personal financial service for owners who want assistance with their family’s taxes. The Canadian system evolves constantly and remains at its forefront by providing innovative services that keep up-to-date with changes in the industry. 

The cornerstone of his practice is building strong relationships with clients and helping them reach their objectives. So if you want to receive a quality professional service at an affordable rate – contact him to start a conversation!

Business Information:

Website: danieltoma.ca
Email: info@danieltoma.ca
Telephone: +14166551050
Address: 120 Eglinton Ave E Suite 800, Toronto, ON M4P 1E2, Canada

Customer Review Highlight:

“ Daniel Toma is a highly professional and client focused accountant. He has prepared my corporate and personal taxes. His questions are always direct and succinct, they demonstrate a solid understanding both of my situation and of the tax requirements and implications. He is very thorough, pays excellent attention to detail, is a great communicator and is proactive in giving advice. He has also prepared (and cleaned up) my father in laws tax returns, with my wife also being very impressed with his professionalism. I cannot recommend Daniel highly enough. “

Pros

Cons

5. WebTaxonline

WebTaxOnline is here to help you with your taxes, no matter what kind of accounting or financial advice might be needed. Their team has been working in this industry for many years and is always happy to provide the best service possible! 

They provide a variety of services for all your business needs, including personal and small-business transactions. From simple tax returns to complex corporate structure advice – their team has it covered! 

WebTaxOnline offers a convenient way to file your taxes at home. No more running all over town looking for an accountant, scheduling appointments or keeping track of receipts – this service does it all! When you’re looking for a company that you can trust – WebTaxOnline is perfect! 

They are knowledgeable and experienced enough not just to handle but also to educate you on all things related specifically to this field so there would be no need to worry about anything whatsoever!

Business Information:

Website: webtaxonline.ca
Email: contact@webtaxonline.ca
Telephone: +12897521215
Address: 401 Bay St. Suite 1600, Toronto, ON M5H 2Y4, Canada

Customer Review Highlight:

“ Multiple complex needs were resolved fast and cost-effectively by WebTaxOnline, including regular annual self-employed tax, plus an international dual tax resident surprise issue that needed resolving. When other advisors requested hundreds of dollars upfront, Daniel and his team just worked. Recommended.“

Pros

Cons

6. Maroof HS CPA Professional Corporation

Established in Ontario, Canada and registered with the appropriate regulatory bodies around North America – Maroof HS CPA Professional Corporation is a professional accounting firm that offers quality services for businesses of all sizes. 

They have trusted advisors to individuals and businesses who need help with their taxes in Canada or the United States. Whether you’re a resident, non-resident or somewhere between – they’ve got your back! 

They offer a wide range of high-quality tax services, including income taxes and corporate rates in Canada. They also have the expertise you need to make informed decisions with your finances! They help Canadian taxpayers with U.S. reporting and filing requirements and theU.S. taxpayers to achieve compliance with Canadian tax laws. 

They are an IRS authorized acceptance agent in Canada. Their clients are their top priority. They make sure that each customer gets the personalized care and attention they deserve, with a thorough research for perfect compliance at every step in their process – all while maintaining professionalism throughout!

Business Information:

Website: maroofhs.com
Email: Canada@MaroofHS.com
Telephone: +14372202074
Address: 85 Queens Wharf Rd #4102, Toronto, ON M5V 0J9, Canada

Customer Review Highlight:

“ Maroof is amazing, very professional, knowledgeable and friendly. He's been an integral part of our tax journey to move to Canada and now got done with our first tax return too. Made it easier than it was supposed to be. Great Job! “

Pros

Cons

7. Parkdale Accounting

If you’re looking for a trustworthy accounting company, Parkdale Accounting is the place to go! They are a team of passionate and knowledgeable accountants that will work with you to take care of your taxes this year, next year or whenever they need attention. 

They offer a wide range of tax-related services, from simple returns all the way up to complex estate planning. Located in the heart of Parkdale on the northside of Queen Street W just east of Lansdowne Avenue, Parkdale Accounting is proud to offer their new and existing clients the opportunity for a comprehensive review of their financial situation.

They make you feel like you are their top priority and keep you in touch with updates to prevent any problems from arising throughout the process! They are smart, knowledgeable & service-oriented professionals who strive in delivering personalized service that will meet your needs!

Business Information:

Website: 5e5bc0fce87ac.site123.me
Email: parkdaleaccounting@hotmail.com
Telephone: +14165334554
Address: 1436 Queen St W, Toronto, ON M6K 1M2, Canada

Customer Review Highlight:

“ I can't say enough good things about Parkdale Accounting and Steve A. When I first went to them in 2016, I was incredibly anxious about an issue I had but Steve was so calm, non-judgmental, friendly and EFFICIENT. I've since moved out of the neighborhood but still travel to Parkdale for all my tax issues. They serve their clients with kindness, their fees are very fair and it's very clear that they care more about clients than compensation. If only every business were as efficient and compassionate. “

Pros

Cons

8. Harbourfront Tax & Bookkeeping

Harbourfront Tax and Bookkeeping will take care of all your tax needs, no matter how big or small they are. From accurate filing to ensure that you get the largest refund possible – they’ve got your back. 

They also offer other services like bookkeeping for small businesses in order to make sure everything is kept organized! Their professional accountants and bookkeepers will take care of all your financial needs, from tax preparation for corporate business or personal income taxes. 

You can be confident in the pricing structure at HT&B because they offer a transparent approach to all of their services. 

A team of experts is always available to help with any questions or concerns that arise during the process – they’re quick, reassuring and kind–and their knowledge is unparalleled. Plus they really go above and beyond for their clients – so don’t hesitate and call them now!

Business Information:

Website: harbourfronttax.com
Email: support@HarbourfrontTax.com
Telephone: +14167927918
Address: 16 Yonge St Suite 1009, Toronto, ON M5E 2A1, Canada

Customer Review Highlight:

“ I reached out to Micheal and Mariette regarding my personal taxes. Micheal took the time to speak to me on the phone and explain to me very clearly what I needed to do without prior consultation - and working with Mariette is so professional and delightful. Amazing team and communication, highly recommended! “

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9. Karen Echeverria Income Tax & Accounting Services

Karen Accounting Services is a full-service accounting firm located in the Greater Toronto Area. With personalized service for all of your financial needs, they provide tax advice and payroll services to their clients throughout Ontario as well! 

They help you with a variety of taxes, including corporate tax and business-related ones. They also take care of your personal finances when you are retired or on social assistance as well as assist with the payment process so that no worries may come up during this difficult time in life! 

They are a company with an obsession with excellence, and they strive to be the best in every way. Their main objective is to provide personalized attention from professional staff who will work hard on your behalf while also providing cost-effective solutions tailored specifically towards meeting your needs – whether they’re individual or corporate clients! 

They’ll guide you through every step, no matter how complicated or straightforward the process might seem at first glance, as well as provide their clients with the best service and make sure that everything is transparent! 

Business Information:

Website: karenaccountingservices.com
Email: info@karenaccountingservices.com
Telephone: +16475637620
Address: 51 Goodwood Ave, Toronto, ON M6E 1J1, Canada

Customer Review Highlight:

“ I would like to highly recommend Ms. Karen Echeverria's tax and accounting services. She is extremely competent, friendly, helpful, and truly listens to her clients. She makes everything understandable, and does not make you feel foolish for asking questions. I needed information and help quickly, and she was absolutely wonderful in getting things done and reassuring that she would help me along the way. I am a client for life! “

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10. Softron Tax

Softron Tax is a team of experts who specialize in tax law and can be reached 24/7 for financial advice. They’re based just outside their Head Office in Mississauga and have been a leader in providing quality tax services to Canadians. 

Their tax professionals want to make sure you get the most out of your taxes, so they’ll work with each individual client in order to find solutions that meet all expectations. Their tax preparation service includes personal and corporate taxes, and estate planning death taxes. 

They also provide professional advice for any US or overseas-related needs that come up as well as some other types of taxation like property sale taxes. They want you and your business to succeed so they’re committed not only to competitive prices but also to friendly service that will meet all of their client’s needs.

Business Information:

Website: softrontax.com
Email: softron@softrontax.com
Telephone: +14169640666
Address: 250 Carlton St, Toronto, ON M5A 2L1, Canada

Customer Review Highlight:

“ Softron Tax is a life savior when it comes to tax. They are friendly, professional and they know what they are doing. Pam has been taking care of our tax for many years and we are always happy with her outstanding work. I would highly recommend Pam and her team to anyone who find themselves in a difficult situation when it comes to tax “

Pros

Cons

11. JD Accounting & Income Tax Services

JD Accounting & Income Tax Services is one of the best places to go in Toronto for legal services! It has been ranked highly by Nicelocal, which makes it a great choice if you’re looking around town. Their experience in the industry is vast and they are able to provide a range of services that will suit your business needs perfectly – from tax advice for entrepreneurs or bookkeeping assistance if needed by way of their accountancy firm! 

Their financial reporting and tax services are tailored to suit your needs. Whether you’re a small business owner, corporation or individual in need of advice – they’ll be there for all the help that you require! 

They are humble and knowledgeable professionals who will get you the maximum tax refund. Their charges are also reasonable, which makes them stand out from other firms in town plus their work ethic makes you feel safe about your taxes for this year as well as years ahead!

Business Information:

Website: nicelocal.ca
Telephone: +14165714322
Address: 1602 Queen St W, Toronto, ON M6R 1A8, Canada

Customer Review Highlight:

“ This was my first time using this service, and I will be returning! JD was very kind and knowledgeable, and made me feel very welcome. I was in and out in less than half and hour, and he was very detailed in his explanations. I will definitely be referring him to my friends and family 🙂 “

Pros

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FAQs About Personal Tax Accountants

The three main types of personal tax accountants are certified public accountants (CPAs), enrolled agents (EAs), and tax attorneys
You should hire a personal tax accountant when you have a complex tax return or are self-employed. You may also want to hire an accountant if you’re not comfortable doing your own taxes.
It depends. If you have a simple tax return, it may be cheaper to do your own taxes. However, if you have a complex return or are self-employed, it’s usually better to hire an accountant.
The best time to see a personal tax accountant is typically during tax season (January-April). However, some accountants offer services throughout the year.

Final Thoughts

Choosing the best personal tax accountant for your needs is an important decision. Be sure to compare rates, experience levels, and customer satisfaction levels when making your choice. And don’t forget to ask about fees!

We hope this guide has been helpful in your search for the best personal tax accountant in Toronto.

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