Category Archives: Tax Report

Income Tax Return Canada – The Filling Process and Tips

Do you work in Canada? The Canada Revenue Agency who is the administrator of income tax return Canada is interested in your taxable income. This is usually an amount that starts at fifteen percent of your gross pay. If you make more than four thousand dollars per year, your tax rate will be higher than » Read More

How to declare your unreported foreign property to the CRA

Are you a wealthy Canadian with bulks of cash stashed in foreign banks?  Since the Canada Revenue Agency circulated its Liechtenstein lists with the names of local people who owned unreported foreign property and income, in 2007, many people got scared and came forward. The number of voluntary disclosures has gone up dramatically ever since. » Read More

Income Tax Canada Requirement: File Taxes On Time

Are you an eligible taxpayer in Canada? The Canada Revenue Agency, the chief administrator of the income tax system, wants you to pay your taxes on time. It does not matter whether you are needed to pay personal income taxes or corporate income taxes. The CRA has an internet-based procedure for filing your tax returns.  » Read More

Filing of Corporation Income Tax Toronto

For corporations in Canada who want to claim the small business deductions when filing corporation income tax Toronto or other Canadian cities such as Calgary, Vancouver, the net tax rate effective from January 2012 has been 15%. The corporation is a popular business structure form in Canada. This is because the distinction in liability protection for » Read More