Moving to Canada is an exciting life change—but it also comes with important tax responsibilities. If you’ve recently become a resident of Canada, you are required to report your worldwide income and file an income tax return. Even if you...
When a loved one passes away, dealing with taxes is often the last thing on anyone's mind. However, the Canada Revenue Agency (CRA) has clear rules and requirements for filing taxes on behalf of a deceased person. As an executor,...
Falling behind on filing taxes happens more often than most people think. Whether due to financial hardship, health issues, confusion about the tax system, or procrastination, many Canadians find themselves needing to file multiple years of back taxes. Fortunately, the...
Whether you've missed a few tax filing deadlines or are just catching up on your tax obligations, filing multiple year returns with the Canada Revenue Agency (CRA) can feel overwhelming. Fortunately, CRA has established procedures to help taxpayers file overdue...
Filing your taxes in Canada involves more than just submitting a single return. The Canada Revenue Agency (CRA) uses a variety of tax forms to gather information about income, deductions, credits, benefits, and tax obligations. Each form serves a specific...
As the 2025 tax season approaches, understanding the federal tax filing process in Canada is crucial to ensure a smooth experience and maximize your refund—or minimize what you owe. This guide provides a comprehensive overview of what you need to...
Whether you’re filing your personal taxes, claiming deductions, reporting self-employment income, or applying for credits, navigating the Canada Revenue Agency (CRA) system means dealing with various forms. Understanding which forms apply to your tax situation can streamline the filing process,...
When it comes to filing your taxes in Canada, not all income is treated the same. Two of the most common income types—employment income and self-employment income—are subject to different tax rules, reporting requirements, deductions, and record-keeping responsibilities. Understanding these...
Many Canadian employees enjoy a wide range of perks and benefits provided by their employers—from group health plans and company cars to subsidized meals and gym memberships. While these offerings are appreciated, they can also raise an important tax question:...
Many Canadians are familiar with the annual tax filing process but unaware that they may also be required to pay their taxes in quarterly instalments. This system is designed for individuals whose income is not subject to sufficient tax withholding...
