What is a T1 Tax Form? This form is a summary of all income taxes paid to the Canada Revenue Agency. All working Canadians need to fill out and file this form for each tax year. As well as summarizing all of the taxes paid to tax authorities, it also declares all of the income gen...
This is more than just a difference in title—different tax authorities have very specific requirements someone must meet to be considered an independent contractor. In fact, the independent contractor classification is often scrutinized, so you don’t want to get this wrong. Our guide will walk ...
By March, you should receive a T4A slip from the CRA, which you can use to tally income from sources like pensions and some government benefits. Can I move to a lower tax bracket? Paying income tax is unavoidable if you’re living and working in Canada, but there are ways to stay in...