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If you are new to Canada or if you are just entering the workforce, you may be wondering if filing a Canadian Income Tax return is a necessity, and if so, when do you have to file your first tax return? The Canada Revenue Agency (CRA) does require annual filing for...
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Penalties for Late Tax Filing – 2022 CRA Rules What happens if you file personal taxes late? Filing your taxes late when you have earned a refund or don’t owe any further tax will not result in any fees or penalties. However, if you owe money and file late, the...
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Hired an employee? Check CRA Deadlines for Employers If you hire an employee, you have to have your employee complete a TD1 form within seven days of being hired. You also have to send your employee a T4 information slip by the last day of February following the year...
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GST/HST Filing Deadline If you are self-employed GST/HST Registrant, you will need to file a GST/HST Return on a regular basis, even if you have no income to report. GST/HST registrants have “reporting periods” which are monthly, quarterly or annually. Monthly and...