Accountants & Tax Specialists for Lawyers in Toronto
Simplify Your Tax and Accounting Needs
As a self-employed individual or real estate professional, managing taxes and finances can feel overwhelming. The additional tax reporting requirements and complexities of business deductions often take valuable time away from running your business. That’s where our specialized accounting services step in. We assist hundreds of professionals in Toronto—including consultants, contractors, realtors, and small business owners—with their self-employed and real estate tax returns. Let us handle the numbers so you can focus on what you do best.

Industry-Specific Tax Services for Self-Employed Professionals
We offer tailored tax and accounting solutions to meet the unique needs of self-employed individuals and real estate business owners. Our services include:
- Self-Employed Tax Returns in Toronto
- Compliance with all CRA requirements.
- Preparation and filing of self-employed personal income tax returns.
- Guidance on quarterly tax installments and Canada Pension Plan (CPP) contributions.
- Real Estate Accounting Services
- Specialized services for real estate professionals, including trust fund accounting.
- Tax planning and compliance under Ontario’s incorporation laws.
- Reduced tax rates for incorporated real estate businesses.
- Tax Optimization Strategies
- Identification of eligible deductions to minimize taxable income.
- Tax-efficient compensation plans for self-employed individuals.
- Advisory services to transition from sole proprietorship to incorporation.
- Home Office and Business Expense Deductions
- Guidance on deducting home office expenses, including mortgage interest, utilities, and repairs.
- Comprehensive support for claiming business expenses such as advertising, meals, transportation, and more.
- Incorporation Services
- Assistance in incorporating your business to benefit from reduced corporate tax rates.
- Strategic advice for real estate professionals leveraging Ontario’s incorporation rules.
Why MBCA is the Right Choice for Doctors
Maximize Tax Savings
- Our expertise ensures that you claim all eligible deductions, from home office expenses to vehicle costs, reducing your tax burden effectively.
Save Time and Avoid Errors
- We handle the complexities of tax filing, reporting, and compliance, so you can focus on growing your business.
Stay Compliant
- Our team ensures full compliance with CRA regulations, helping you avoid penalties and audits.
Tailored Solutions for Growth
- Whether you’re a freelancer, a chiropractor, or a real estate agent, we provide customized advice to help your business thrive.
Proven Results for Self-Employed Professionals
Case Study #1: Freelance Consultant
A Toronto-based consultant struggled with managing quarterly tax installments and deductions. After working with us, they:
- Reduced their tax liability by 20% through optimized deductions.
- Streamlined their quarterly filings, saving 15+ hours per month.
Case Study #2: Real Estate Agent
A successful real estate agent needed guidance on incorporation. Our team helped them:
- Transition smoothly to an incorporated business.
- Save over $15,000 annually by leveraging the reduced corporate tax rate.

Testimonials from Satisfied Clients
Why Choose MB Accounting?
- Industry Expertise We specialize in tax and accounting services for self-employed professionals and real estate business owners.
- Comprehensive Solutions From tax filing to financial planning, we offer end-to-end services tailored to your needs.
- Transparent Pricing: No hidden fees—just clear, straightforward pricing for all services.
- Proven Track Record: With hundreds of satisfied clients, we have a history of delivering measurable results.

Let Us Handle Your Taxes
Ready to simplify your tax and accounting needs? Contact MB Accountants today for a free consultation. Let’s optimize your finances and set your business up for success.
Frequently Asked Questions (FAQ)
When are self-employed taxes due in Toronto?
The self-employed tax return filing deadline is June 15, but any taxes owed must be paid by April 30 to avoid penalties.
Can I claim home office expenses?
Yes, if your home is your principal place of business or is regularly used to meet clients, you can claim expenses such as utilities, property taxes, and more.
Should I incorporate my business?
Incorporation offers significant tax advantages, especially if you can retain earnings within the business. Our experts can guide you through the process.
What business expenses can I deduct?
You can deduct reasonable costs incurred to earn income, including advertising, office supplies, travel, and vehicle expenses. Contact us for a detailed list.
Do you offer services for small businesses?
Absolutely. We work with professionals across various industries, including IT consultants, contractors, and franchise owners.
Our Services
Our experienced team of professionals provide all forms of business consulting services in Toronto.
Some of the services includes:
- Corporate tax: We provide corporate tax services to help businesses manage tax compliance, minimize liabilities, optimize deductions, and ensure adherence to government regulations efficiently.
- Financial accounting: We provide financial accounting services that involve recording, analyzing, and reporting a company's financial transactions to ensure accuracy, transparency, and regulatory compliance.
- Auditing: We provide auditing services to examine financial records and operations to ensure accuracy, compliance with regulations, detect fraud, and enhance organizational accountability.
- Tax consulting services: We provide tax consulting services along with expert advice on tax strategies, compliance, deductions, and planning to minimize liabilities and optimize financial outcomes.
- Legal services: We provide legal services that include professional advice, representation, and support for individuals and businesses in matters of law, contracts, and disputes.