Canada Revenue Agencyrecently revealedtax tips for students, including tax credits, deductions, free tax clinics and more. Whether you're filingCanada taxesfor the first time now that you're attending post-secondary school or have submittedtax returnsbefore and have questions, here's what you need...
The Canada Revenue Agency (CRA) is the federal department that collects taxes and administers tax laws for the Canadian government and for many of Canada's provinces and territories.1Also known as the Agence du Revenu du Canada, it also oversees a variety of social and economic benefit and ...
A map of the different provincial taxes in Canada. GST applies nationwide. What is a GST number? A goods and services tax (GST) number is a unique identifier issued by the Canadian Revenue Agency (CRA) that identifies businesses registered to collect and remit GST in Canada. The registration...
Canada Revenue Agency Will No Longer Automatically Back-Date a Voluntary GST/HST Registration.Carenza, Paul
The business must register with the Canada Revenue Agency (CRA) to get a valid business number. It must also ensure that GST/HST accounts are opened, payroll is enrolled, and corporate income tax is managed. To streamline the process of company registration in Canada, speak to Enterslice consu...
GST applies nationwide. What is a GST number? A goods and services tax (GST) number is a unique identifier issued by the Canadian Revenue Agency (CRA) that identifies businesses registered to collect and remit GST in Canada. The registration process is simple and straightforward, with ...
While the GST/HST holiday tax break provides relief on select items under Bill C-78, not all goods and services qualify.. The Canada Revenue Agency (CRA) has defined categories of items that remain taxable during the relief period. Misclassifying these products as tax-exempt could lead to co...
If you miss your filing deadline, you are required to pay the penalty with interest if you owe anything to the Canada Revenue Agency (CRA). The longer you take to clear the outstanding balance, the higher the penalty will increase.
(b) Make anannual electionon a prescribed form that must be filed to Canada Revenue Agency (CRA) by January 1st every year to paytax on the net rental incomeby filing a Canadian income tax return for the net rental income only. If the tax return is filed late or not at all, the no...
In order to do collect and remit these taxes, you have toregister for a GST/HST number. Once you set up your GST/HST account, you’ll also want to keep track of your effective date and subsequent filing deadlines. When filing your returns, take this wise advice fromTD Accounting Services...