When it comes to filing taxes in Canada, individuals and corporations use different tax forms with distinct requirements and procedures. The T1 General form is used by individuals to file personal income tax returns, while the T2 Corporation Income Tax...
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Being self-employed in Canada offers freedom and flexibility but also comes with unique tax responsibilities. Unlike salaried employees, self-employed individuals must navigate specific federal tax deadlines, payment schedules, and filing requirements to stay compliant with the Canada Revenue Agency (CRA)....