Important Deadlines: 2025 tax Returns & Information Returns The 2025 tax season is on the horizon, and it’s time to begin preparing to file your 2025 tax returns, which are due in 2026. Understanding the
Please use the below checklists to arrange for your information if you are filing Section 216 tax returns and non-resident individual income tax returns in Canada. Individual Tax Number (ITN) for Non-Residents Non-residents of Canada
2025 – Individual Income Tax Return (T1) Checklist Efiling Status: Canada Revenue Agency systems to allow electronic filing of Individual Income tax returns (T1) for 2025 will open somewhere in the third week of February
The headline measure is straightforward: the Government of Canada announced a reduction in the lowest federal marginal personal income tax rate from 15% to 14%, effective July 1, 2025. What changed for 2025 returns –
Bill C-15 and the Underused Housing Tax (UHT): Proposed Elimination of UHT Filings Starting in 2025 Last updated: January 2026 The federal Underused Housing Tax (UHT) has created significant compliance obligations for Canadian and non-resident
Voluntary Disclosure Program in Canada The Voluntary Disclosures Program (VDP), administered by the Canada Revenue Agency (CRA), is one of the most important compliance tools in Canada’s tax system. VDP gives taxpayers a structured pathway
Filing requirements: Non-residents with Rental income from Canada Non-residents of Canada who own Canadian real properties and generate rental income from such properties need to comply with certain reporting requirements. Important Disclaimer: Please note that
Important Deadlines: 2024 Tax Returns to be filed in 2025 The 2024 tax season is approaching, and it’s time for individuals and businesses to start preparing to file their 2024 tax returns due in 2025.
Question: I moved from the U.S. to Canada in April of 2024 after I got my Canadian PR approved. I have RSUs that were granted while I was in the U.S., however, they are going
Foreign Tax Credits are almost always reviewed by the Canada Revenue Agency (CRA), at least for individual taxpayers. Interestingly, based on our experience, this is often the most easily mistaken area for the DIY tax
