Personal tax, planned rather than reported.
Personal, trust and estate returns prepared by a chartered accountant who plans through the year, so April confirms a position you already decided.
The return reflects decisions made earlier.
Personal returns planned through the year and filed against the April 30 deadline, with T3 trust and estate filings handled on their own dates.
Where a trust or an estate is involved, the planning starts well before the filing is due.
Everything in the engagement.
Personal returns
Prepared and filed against the April 30 deadline, or June 15 where self-employment applies.
Trust and estate returns
Filed on their own deadlines, including graduated rate estates and the newer bare trust reporting.
Returns on death
The deceased’s final T1, plus the optional returns that can split income across separate filings.
Clearance certificates
Applied for so the estate can be distributed without leaving the executor personally exposed.
Where this usually applies.
Individuals with more than employment income
Self-employment, rental, investment or capital gains alongside a T4.
Trustees and executors
Administering an estate or trust with filing obligations and a distribution to make.
Families planning ahead
Where the point is to reduce what the estate owes rather than report it afterwards.
Three steps, no surprises.
Plan through the year
Positions are reviewed while decisions can still change the outcome.
Prepare and reconcile
Returns are prepared against slips, statements and prior filings.
File and follow through
Filed on the applicable deadline, with CRA reviews handled if they arrive.
The ones we get asked most.
Who needs to file a T3 trust return?
Most trusts must file annually, and the reporting rules now catch many arrangements that previously did not file, including some bare trusts. The penalties for not filing apply even where no tax is owing.
When is a T3 return due?
Ninety days after the trust’s year end. For a graduated rate estate the year end can be chosen, which is itself a planning decision.
Is there an inheritance tax in Canada?
No. Canada taxes the estate rather than the beneficiary, mainly through a deemed disposition of capital property immediately before death, plus provincial probate fees.
How much can you inherit tax free in Canada?
There is no tax on receiving an inheritance. The tax is settled by the estate before distribution, which is why the final return and clearance certificate matter.
What is a clearance certificate?
CRA confirmation that the deceased’s taxes are settled. Distributing an estate without one can leave the executor personally liable for amounts still owing.
Licensed, certified, and accountable for it.
The bodies that license this practice, and the certifications behind the day-to-day work.
CPA Ontario
The provincial body that regulates Chartered Professional Accountants in Ontario.
EFILE certified
Certified by the Canada Revenue Agency to file returns electronically on behalf of clients.
Intuit ProAdvisor
Intuit certification covering QuickBooks Online setup, reconciliation and reporting.
QuickBooks Payroll
Intuit certification for running payroll, deductions and remittances inside QuickBooks.
In their words.
Aaron has done my personal taxes for six years and he’s the best. My files are sometimes complicated and I was not always the most organized client, yet he handles all of it without ever making me feel bad about the mess. He’s fast, he explains everything in plain English, and he always finds credits I would have missed.Shmuel Neft
Working with Aaron and his team, especially Anna, has been fantastic for both our camp operations and Prime Coat Painters. From complex contractor billings to seasonal accounts and corporate taxes, they handle everything with real attention to detail. If you need a reliable, top-tier accounting team for your business, I can’t recommend Aaron Herman CPA highly enough!Tzadi Zlotnick, Prime Coat Painters Inc.
I use him for personal and business accounting. He is absolutely phenomenal with his work and expertise. Thorough, reliable, dependable, and punctual with due dates. I’ve worked with many accountants previously and Aaron surpassed them all in everything on my list.Elior Zipori, Zipori Landscapes & Design
We have been using Aaron Herman CPA for about four years now and we are very happy with their services. Anna is especially great to work with. She is on the ball, always up to date, and gets back to you right away with any questions or concerns.Reuven Durbach
Very happy with Aaron’s service. He is very knowledgeable and professional. Very patient with all my questions, ready to answer and be with the client within a short period of time. All the accounting service is done in a timely manner.Artem Artemov, Rimland
Aaron is excellent! He responds quickly, explains everything clearly, and makes the whole tax process easy and stress-free. He is very knowledgeable and always helps find the best way to get everything done properly.Mai Edry
Aaron is an amazing accountant! He is very supportive and great at explaining the ins and outs of what was needed when expanding my business. I highly recommend Aaron and his team!Leah Lomiansky, Speech Volumes Therapy
He is knowledgeable, thorough and effective. He is very responsive and takes great care of his clients. I highly recommend him and his services!Rachel Danzinger, Learning Pods
Absolutely love Aaron and Anna. They are fantastic to work with, go above and beyond, and their communication and dedication is unsurpassed.Fat Cat Cookie Co.
Two people. Trusted with your year.
Aaron Herman
CPA, CA · Founder and Managing Partner
Aaron planned and prepared tax in public practice, then led financial reporting inside large Canadian companies. He is the person who answers when you call.
My number one priority is a happy client.
Anna Herman
Director of Finance and Operations
Anna runs the machinery behind the work: cloud accounting, CRA compliance, payroll and client onboarding. If your year-end is uneventful, that is Anna.
Order creates opportunity.
Tell us where your year stands.
Send the form and Aaron will come back to you directly. If it is easier, call. Someone here answers.