Filing your income tax and benefit return each year is what you need to do to receive any benefit and credit payments you’re entitled to. Sometimes after you file, you realize you made a mistake or forgot to include something important. If this happens to you, don’t worry. It’s easy to change your tax return. If you …
Need to change your tax return? You can do it online! Read More »
Our digital services make handling your business tax matters faster and easier. You and your authorized employees and representatives can file, pay and access detailed information about your tax accounts. Here is information about the Canada Revenue Agency’s (CRA) most used digital services, as well as information about how to access other services too. Learn More HAPPY …
Canadians have been contributing to tax-free savings accounts (TFSA) since 2009, enjoying tax-free investment growth. Did you know that it’s possible to overcontribute and be subject to penalties? Excess contributions can occur, for example, when your TFSA is set up for pre-authorized contributions and you make additional contributions without verifying the amount of room you have available. …
Tax Free Savings Account: Watch your limit – stay within it! Read More »
If you’re self-employed, navigating your tax obligations may seem complicated. But don’t worry, the Canada Revenue Agency (CRA) is here to help you! To get ready for tax-filing season, we’ve put together helpful tips and information for self-employed individuals. Learn more
Life is full of responsibilities, from school and work to family and everything in between. We understand that taxes can easily slip to the bottom of your to-do list. Don’t worry if you haven’t filed your 2023 income tax and benefit return yet – you still have time. Use the information below to help you complete …
You still have time – Last-minute tips to help you file before the deadline! Read More »
To make it easier for you to understand your tax obligations as a platform economy participant, we made a list of the top ten tips you need to know. Learn More
To support ongoing efforts to ensure the effectiveness and integrity of Canada’s tax system, the Government of Canada introduced new reporting requirements for trusts. In recognition that the new reporting requirements for bare trusts have had an unintended impact on Canadians, the Canada Revenue Agency (CRA) will not require bare trusts to file a T3 Income Tax and …
NEW – Bare trusts are exempt from trust reporting requirements for 2023 Read More »
Worried about tax-filing season? Don’t be! Our easy-to-use digital services can improve the filing process and save you time. Using our services will also make it easier for you to manage your tax and benefit information online, and you’ll avoid delays and long wait times over the phone. Learn more Photo credits: Work from home concept vector …
Ready to file your taxes? Here’s why you should go digital! Read More »
If you’re an international student studying in Canada and a resident for tax purposes, you could get benefit and credit payments that can help with your cost of living. Check out our 3-minute benefits and credits video for everything you need to know about benefit and credit payments in Canada. Learn more Photo Credits: Two young teenagers sitting …
International students studying in Canada: Doing your taxes helps you Read More »
Every March, the Canada Revenue Agency (CRA) joins organizations around the world to recognize Fraud Prevention Month. Keeping your information secure is a top priority for the CRA. Learning how to identify fraud, scams and tax schemes helps keep your personal information safe. Learn More Photo credit: Happy Dinosaur vector by VectorLover
