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
2022 – Individual Income Tax Return (T1) Checklist Canada Revenue Agency systems to allow electronic filing of Individual Income tax returns (T1) for 2022 are opening on February 20, 2023 (Expected, not confirmed yet). We
Important deadlines for 2023 Please note that these are the deadlines applicable to most taxpayers. Some of the information returns may not be included here. For up-to-date information, please always follow the deadlines communicated to
Effective January 01, 2022, there is a new ‘Underused Housing Tax’ (UHT) imposed on specific taxpayers, known as “affected owners”. UHT is a tax levied on properties that are deemed to be underutilized or not
T1134 has changed for the tax years starting Jan 1, 2021 with additional reporting and disclosure requirements.
Tax filing is sometimes, if not always, a fairly complicated process! For the majority of taxpayers, it is so easy to make mistakes and overlook possible credits and deductions. It simply cannot be taken for
What is life time capital gain exemption? Common purification and crystallization strategies.
Corporate reorganization technique that may allow you to take cash out of corporation without paying income taxes in Canada.
Many professionals can now incorporate their practices as professional corporations as per the provincial legislation. Professional Corporations are now becoming a very common structure since the majority of provinces have relevant professional regulations. Professional Corporations
QSBC allows its shareholders to claim Lifetime Capital Gain Exemption on the disposition of its shares.
