Category: Canada – Tax

The T4 slip, officially called the Statement of Remuneration Paid, is a crucial document for Canadian employees. It summarizes your employment income and deductions for the tax year and is essential for accurately filing your income tax return. However, mistakes...

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Finding out that your tax refund has been taken to pay off government debts can come as a surprise and cause financial strain. This process, often called a refund offset, occurs when the Canada Revenue Agency (CRA) or other government...

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Receiving a reassessment or audit letter from the Canada Revenue Agency (CRA) can be intimidating and stressful. These letters indicate that the CRA is reviewing your tax return more closely to verify its accuracy or investigate specific issues. However, understanding...

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Discovering that you missed claiming a valid deduction on your previous year’s tax return can be frustrating. Fortunately, the Canada Revenue Agency (CRA) allows taxpayers to correct such mistakes by requesting an adjustment to their prior tax returns. This process...

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For independent contractors working in the construction industry in Canada, understanding tax obligations and required documentation is crucial. One important tax form relevant to contractors and subcontractors is the Form T5018, Statement of Contract Payments. This form plays a key...

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Filing your income tax return on time is a crucial responsibility for all Canadian taxpayers. The Canada Revenue Agency (CRA) sets strict deadlines to ensure efficient tax processing and compliance. Missing the filing deadline can lead to various consequences, including...

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Filing your income tax return can be a daunting task, especially if you have a modest income or a simple tax situation. Fortunately, the Canada Revenue Agency (CRA) offers the Community Volunteer Income Tax Program (CVITP), which provides free tax...

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The Canada Revenue Agency’s (CRA) MyAccount is a secure online portal designed to give Canadian taxpayers easy access to their personal tax information. Whether you want to check the status of a refund, view your balance owing, or access important...

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For many employees in Canada, union dues, professional fees, and certain employment-related expenses can be deducted from taxable income, helping to reduce the overall tax burden. Understanding which expenses qualify, how to claim them, and the documentation required is essential...

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After you file your income tax return, one of the most important documents you will receive from the Canada Revenue Agency (CRA) is the Notice of Assessment. This document summarizes the CRA’s evaluation of your tax return, confirming the amount...

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