Filing your T1 personal tax return in Canada can seem like a daunting task, especially when you have investment income to consider. However, with a systematic approach and a clear understanding of the relevant tax regulations, you can navigate the process smoothly. In...
As an individual, it is important for all taxpayers to file taxes before tax deadlines of 2024. The CRA requires all individuals to file taxes before 30th April, 2024. Failure to file taxes within the deadline can result in additional fees being charged. Filing...
As a self-employed individual in Canada, the tax-filing process can seem daunting. Unlike traditional employees who have income tax deducted at source, self-employed individuals are responsible for reporting their income and expenses accurately. This blog post...
Tax season can seem daunting, but it doesn’t have to be. With a little guidance and organization, you can breeze through the process of preparing your T1 personal tax return in Canada, especially when you have employment income. If you’re ambiguous about what is...
Let me share a real-life scenario. Let’s talk about Ms. Sophia. He hadn’t filed his tax return for a few years mainly because he had a T4, thought he didn’t have to pay any taxes, and was just procrastinating on an unpleasant task. In 2020 he...
