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Who Has to File a Personal Tax Return in Canada?

Filing a personal income tax return in Canada is an important obligation for many individuals. However, not everyone is required…

1 month ago

Which Types of Income Are Exempt from Tax in Canada?

While Canada’s tax system requires residents to report and pay tax on their worldwide income, there are several types of…

1 month ago

Which Tax Forms Should Your Employer Give You by February?

Every year, Canadian employees receive various tax slips from their employers and other payers. These forms summarize the income you…

1 month ago

When to Use Form T1135: Reporting Foreign Income in Canada

Canadian residents are required to report their worldwide income on their annual tax returns. This includes income and assets held…

1 month ago

What’s New in the 2025 T1 Personal Income Tax Return?

The 2025 tax-filing season brings several notable updates to the T1 Personal Income Tax Return in Canada. These changes aim…

1 month ago

What Types of Income Do You Need to Report on Your Canadian Tax Return?

Filing your Canadian tax return accurately means reporting all the types of income required by the Canada Revenue Agency (CRA).…

1 month ago

What Triggers a CRA Audit and How to Prepare

The Canada Revenue Agency (CRA) conducts audits to ensure taxpayers are complying with tax laws and accurately reporting their income…

1 month ago

What to Do If Your T4 Slip Has an Error

The T4 slip, officially called the Statement of Remuneration Paid, is a crucial document for Canadian employees. It summarizes your…

1 month ago

What to Do If Your Refund Was Taken to Pay Government Debts

Finding out that your tax refund has been taken to pay off government debts can come as a surprise and…

1 month ago

What to Do If You Receive a Reassessment or Audit Letter from the CRA

Receiving a reassessment or audit letter from the Canada Revenue Agency (CRA) can be intimidating and stressful. These letters indicate…

1 month ago

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