The tax brackets and rates are adjusted annually for inflation. Refer to the official CRA website for the most current year's rates. Provincial/Territorial Tax Rates: Each province and territory also has its own progressive income tax system. ...
Student loan interest is a credit that can reduce your tax liability. The CRA allows you to deduct the interest on student loans. Child & dependent care expense This is another form of deduction that you can avail of if you have children or dependants. If you pay child care for your depe...
It is mandatory for all tax returns prepared by Crowe Soberman to be e-filed(certain exceptions are provided by CRA). Filing your tax return electronically is fast, safe, easy, and environmentally friendly. The benefits of using EFILE Online are: Individuals who have their returns e-filed can...
Learn more about the CRA Working Income Tax Benefit WITB. Taxes Should You File Your Own Income Tax Return? When you're self-employed, filing your own income tax return has its advantages but also some downsides. Here's what you should know....
Registering with CRA, capital gains tax increase deferred to 2026, Home Buyers' Plan changes, new rules for sharing and gig economy workers & platforms, no rental expenses allowed for non-compliant short-term rentals, new home flipping tax for BC, bare trust reporting not required this year....
From corporate tax preparation, self-employment tax, and personal income tax filing to bookkeeping, payroll, and CRA audit representation, we offer end-to-end financial solutions under one roof. Maximize Your Tax Refund We don’t just file your taxes—we strategize to maximize your refund and ...
For example: if the first year of the CRA Exemption Period is tax year 2023, then the Income Tax Payments attributable to activity at the Building during tax year 2023 shall be due to the School Districts on or before December 31, 2024.Related...
Minimize the Taxes You Pay Taxes are an inevitable part of life, but paying too much in taxes is not. If you want to make sure that you pay only the amount of taxes required, let Ferrera Income Tax complete your tax return. We will take care of your taxes, so you don’t have to...
(federal and provincial)The taxes withheld from paycheck depends on the Nunavut tax rates and your total taxable income. If you are employed, your employer is responsible for remitting a portion of your salary to the CRA. You might be illegible for a tax return if excess tax was deducted ...
Tax & CRA Audit Specialists (Income Tax, GST/HST, PST and non-resident Tax Services) CRA does not make up the rules, and understanding the law is the first step. There is always a chance that CRA may audit your return. Make sure you never have to meet with the CRA agent alone. ...