Tax Lawyers in Toronto

The Canada Revenue Agency (CRA) administers Ontario’s personal and corporate income tax, and harmonized sales tax (HST). While Ontario’s ministry of finance manages other taxes, including beer and wine, estate administration, fuel, tobacco, and more. Ontario’s income tax rates are progressive, i.e., they increase as one’s income increases. The province has a 13% HST (5% GST + 8% RST), while also providing 8% rebate on specific items through a point-of-sale rebate from the province’s sales tax.

For Ontario’s income tax rates, click here. To learn about other taxes administered by Ontario’s ministry of finance, click here.

Ontario has a progressive tax system i.e.; higher income equals higher tax rates. The province has multiple tax brackets for different income levels, in addition to federal taxes (Click here to see). They have a 13% HST with provisions for an 8% rebate on the province’s provincial sales tax i.e., their retail sales tax (RST).

They offer special tax benefits such as the Ontario Trillium Benefit, which helps low-to moderate-income Ontario residents pay for energy costs, sales and property tax, Ontario Disability Support Program (ODSP), Ontario child benefit, Ontario Student Assistance Program (OSAP), Ontario innovation tax credit, trillium drug program, and more.

In Toronto, as in the rest of Ontario, certain types of income are not taxed. These include:

• Most gifts and inheritances, though tax consequences may apply.
• Lottery winnings, including from Canadian lotteries, are tax-free, with conditions.
• GST/HST credits, Canada Child Benefit (CCB), and Climate Action Incentive Payment (CAIP) now referred to as Canada Carbon Rebate (CCR).
• Most life insurance payouts after someone’s death.
• Ontario energy and property tax credit.
• Ontario sales tax credit.
• Compensation received for victims of criminal acts or motor vehicle accidents.
• Most strike pay from your union, even if picketing duties were required.
• Disability or death payments to war veterans from Canada or an allied country.

These exemptions help to reduce the overall tax burden for individuals and families in Toronto.

Ontario offers several tax exemptions by way of tax credits. These exemptions can help individuals and businesses reduce their taxes. Below are some of the exemptions:

• Ontario’s basic personal and spousal amounts: Allows you to reduce your tax burden resulting in more money in your pocket.
• Principal residence exemption.
• Charitable donations.
• Ontario trillium benefit.
• Ontario child benefit.
• Tax-Free Savings Accounts (TFSAs): Withdrawals from TFSAs are tax-free.
• college or university tuition.
• medical expenses for the lesser of an amount equal to 3% of your income or the annual amount set by the government.
• Caregiver expenses.
• Small business deductions.
• Certain export sales.

In Toronto, the cost of a tax lawyer varies based on the complexity of your matter, whether you’re facing a CRA audit, tax litigation, or corporate restructuring. Rates reflect the scope, urgency, and sophistication of the legal support required.

At TaxLawyer.com, we connect Toronto taxpayers with experienced Toronto tax lawyers who deliver strategic, high-level guidance – without financial guesswork. Through our in-house counsel and trusted local directory, we make top-tier tax representation more accessible and cost-conscious.

Before hiring a tax lawyer Toronto, it’s important to:

• Identify your specific tax needs.
• Research potential candidates and conduct due diligence.
• Initiate contact.
• Discuss fees and make necessary arrangements.

At taxlawyer.com, we simplify this process by maintaining a directory of experienced Toronto tax lawyers and tax law firm Toronto. Through our 10-minute Toronto tax lawyer free consultation, we’ll connect you with the best tax lawyer in Toronto best suited to your needs.