As afactual resident, your income is taxed as if you never left Canada and you need to file a tax return. You may be considered a non-resident for tax purposes if you don't have significant residential ties in Canada, live outside Canada throughout the tax year, and stay in Canada fo...
Canada Revenue Agency Encouraging More People to File Tax Returns Online
Canada Revenue Agency introduces a new reporting requirement when selling a principal residence. There are new credits for educators and individuals eligible for the Disability Tax Credit. Children's Fitness and Arts Credits have been reduced, and the Family Tax Cut has been eliminated. ...
While Canadians can be targets of CRA scams anytime, the CAFC says many of these tactics tend to increase in appearance during tax season. While there are legitimate reasons the CRA may have to contact taxpayers by phone, email or mail, the Agency will not contact you in the manner describ...
Healthcare Spending Accounts (HSAs), or Private Health Spending Plans (PHSPs), offer business owners or self-employed individuals a tax-effective way of paying for health and dental expenses with pre-tax dollars. Canada Revenue Agency (CRA) lists a wide range of products and services which ar...
–Did I file my tax return on time? Have I received a notice of assessment or reassessment saying I owe tax? –Have I received written communication from the CRA by email or mail about the subject of the call? –Does the CRA have my most recent contact information, such as my email ...
When you file your annual tax return, be sure to submit this form as well. There are some general TFSA rules you need to stick to: Stick to your annual TFSA contribution limit. Your TFSA contribution limit is the amount you can contribute for that calendar year. The contribution limit for...
Tim Gitzel, president and CEO of Cameco, has said the Canada Revenue Agency (CRA) should consider changing the country’s transfer pricing (TP) regime if it is not happy with the Federal Court of Appeals’ decision.
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The Canada Revenue Agency uses information from Canadians’ income tax and benefit returns to calculate the amount of CCB payments for which individuals are eligible. To receive the CCB, eligible individuals must file tax returns every year, even if they did not have taxable income in the year....