Below you'll find a list of all posts that have been tagged as “Taxes”
My Account is a secure portal that lets you view your personal income tax and benefit information and manage your tax affairs online. To register for My Account, go to canada.ca/my-cra-account and select “CRA register.” * Note that before you can use this option to register, you must have filed your income tax and benefit return for the current tax year or …
Received COVID-19 benefits in 2020? They are considered to be taxable incomes: Canada Emergency Response Benefit (CERB) Canada Emergency Student Benefit (CESB) Canada Recovery Benefit (CRB) Canada Recovery Sickness Benefit (CRSB) Canada Recovery Caregiving Benefit (CRCB) Learn where to get tax slips for the 2021 tax season. If you received the CERB or CESB, no tax was withheld when payments …
Where do you get your tax slips? Tax slips are prepared by your employer, your pension providers or financial institutions. If you’ve lost a slip or haven’t received one, ask your employer/payer for it. 🎥 Watch this short video to learn the basics of filing personal income tax return in Canada! For COVID-19 benefits recipients, you will receive a T4A …
In Canada, personal income tax returns are filed once a year. We are right in the middle of the 2021 tax season. At the beginning of each year, we prepare to file tax returns for the previous calendar year. So, in the 2021 tax season, we file tax returns for the year of 2020. Watch this short video to learn …
The Canada Revenue Agency has a series of mobile web apps to help individuals and business owners receive updates on their benefits and credits. Mobile web apps are NOT mobile applications, but websites designed to resemble the feel of smartphone apps. MyCRA Available: web securely access key portions of your tax information pay your tax balance owing MyBenefits CRA Available: …
Welcome to Newcomer LearningHub! In this short video, let’s learn about: filing personal income tax returns in Canada! Topics covered in this video include: Why do we pay income tax? What are the benefits of paying income tax? Who are required to pay income tax? What documents and receipts should you prepare before hand? Where to get free support for …
For the part of the tax year that you were considered a resident of Canada You have to report your world income. World income is income from all sources both inside and outside Canada earned after becoming a resident of Canada for income tax purposes on your Canadian tax return. Are you a resident of Canada? You become a resident …
Tax season is right around the corner, here are some things you can do to prepare yourself for the tax season. Gather your information slips! This includes your T4s, receipts, previous tax year’s notice of assessment and a copy of last year’s return to use as a model. Sign up for direct deposit, this can allow you to receive your …
We are approaching the busy tax season. Did you know that you can volunteer with a community organization to help others file their taxes? The 2021 tax season is no different. This year, you are welcome to volunteer at a virtual tax clinic and help people online or by phone. The program is called the Community Volunteer Income Tax Program …
Un message en français suivra. Employees who worked from home more than 50% of the time over a period of a least four consecutive weeks in 2020 due to COVID-19 will now be eligible to claim the home office expenses deduction for 2020. A new temporary flat rate method will allow eligible employees to claim a deduction of $2 for …
