income

Tax-Free Canadian Income

2018-01-17T15:33:48+00:00

Almost all income you earn in Canada is considered taxable income.  However, the Canadian government has deemed some income as exceptions to the taxable rule. You do not have to report certain amounts in your income, including the following: any GST/HST credit and Canada Child Benefit payments, including those from related provincial or territorial programs; child assistance payments and

Tax-Free Canadian Income2018-01-17T15:33:48+00:00

Applying for a Student Loan? Get Your Proof of Income Online

2017-07-12T14:34:47+00:00

Did you know? When applying for a student loan, grant or subsidy, you may be asked to provide a proof of income statement (option ‘C’ print) to your financial institution or to a municipal, provincial, territorial or federal government department. Getting your proof of income statement is easy with the Canada Revenue Agency’s

Applying for a Student Loan? Get Your Proof of Income Online2017-07-12T14:34:47+00:00

Self-Employed? Know What Your Obligations Are at Tax Time

2017-04-19T16:09:13+00:00

Did you know? As a self-employed individual, you and your spouse or common-law partner have until midnight on Wednesday, June 15, 2017, to file your 2015 income tax and benefit returns. Any balance owing for 2016 must be paid by April 30, 2017. However, as this date is a Sunday, the Canada Revenue

Self-Employed? Know What Your Obligations Are at Tax Time2017-04-19T16:09:13+00:00

Claiming medical expenses on your income tax?

2016-03-20T17:47:36+00:00

Did you know? If you paid for hospital services, paid to live in a nursing home, or bought medical supplies such as pacemakers, vaccines, or walking aids, you may be able to claim a non-refundable tax credit based on these and other eligible expenses when filing your income tax and benefit return. Non-refundable tax credits

Claiming medical expenses on your income tax?2016-03-20T17:47:36+00:00

Do you have an income tax balance owing?

2015-06-11T15:18:26+00:00

Did you know? If you have a balance owing this tax-filing season, your payment is due in full by midnight on April 30, 2015. If you received income that has no tax withheld or does not have enough tax withheld for more than one year, you may have to pay tax by instalments. We will issue

Do you have an income tax balance owing?2015-06-11T15:18:26+00:00

2014 Personal Income Tax, and Tax-Free Savings Accounts (TFSAs) Information

2013-11-13T09:26:51+00:00

Each year, certain personal income tax and benefit amounts are indexed to inflation using the Consumer Price Index data as reported by Statistics Canada. Increases to tax bracket thresholds, amounts relating to non refundable credits, and most other amounts will take effect on January 1, 2014. However, increases to the Canada child tax benefit (including

2014 Personal Income Tax, and Tax-Free Savings Accounts (TFSAs) Information2013-11-13T09:26:51+00:00

New Requirements for Canadians with Offshore Property and Income

2013-06-25T11:41:04+00:00

Vancouver, British Columbia, June 25, 2013 … Parliamentary Secretary Cathy McLeod was in Vancouver today to announce the launch of a strengthened Foreign Income Verification Statement (Form T1135), one of the Economic Action Plan 2013 measures to crack down on international tax evasion and aggressive tax avoidance. Mrs. McLeod met with members of Certified General

New Requirements for Canadians with Offshore Property and Income2013-06-25T11:41:04+00:00