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What to Do If You Missed a Deduction Last Year: Request an Adjustment

Discovering that you missed claiming a valid deduction on your previous year’s tax return can be frustrating. Fortunately, the Canada…

1 month ago

What is Form T5018? A Guide for Independent Contractors

For independent contractors working in the construction industry in Canada, understanding tax obligations and required documentation is crucial. One important…

1 month ago

What Happens If You Miss the CRA Filing Deadline?

Filing your income tax return on time is a crucial responsibility for all Canadian taxpayers. The Canada Revenue Agency (CRA)…

1 month ago

Using the Community Volunteer Income Tax Program (CVITP) for Free Help

Filing your income tax return can be a daunting task, especially if you have a modest income or a simple…

1 month ago

Using CRA MyAccount: How to Track Refunds, Balances, and Notices

The Canada Revenue Agency’s (CRA) MyAccount is a secure online portal designed to give Canadian taxpayers easy access to their…

1 month ago

Union Dues, Professional Fees, and Employment Expenses You Can Deduct

For many employees in Canada, union dues, professional fees, and certain employment-related expenses can be deducted from taxable income, helping…

1 month ago

Understanding the CRA’s Notice of Assessment for Individuals

After you file your income tax return, one of the most important documents you will receive from the Canada Revenue…

1 month ago

Understanding How the CRA Administers Federal Taxes in Canada

The Canada Revenue Agency (CRA) plays a pivotal role in the administration of federal taxes in Canada. As the federal…

1 month ago

Understanding Form T1213: Reduce Source Deductions for Expected Credits

Many Canadian taxpayers are entitled to various non-refundable tax credits that can significantly reduce their annual tax payable. However, most…

1 month ago

Understanding CRA’s Notice of Reassessment: What It Means for You

Receiving a Notice of Reassessment from the Canada Revenue Agency (CRA) can be unsettling and raise many questions. This document…

1 month ago

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