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FAQ'S
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What is the deadline for filing my personal income tax return?The deadline is typically April 30th. For more details, visit Canada.ca Tax Deadlines.
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How can I get a copy of my previously filed tax returns?You can request copies through the CRA’s My Account service. Learn more here.
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What are the different types of taxes in Canada?Canada has federal, provincial, and municipal taxes. Find more information here
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How do I register for a CRA My Account?Registering is easy and can be done online. Follow the steps here.
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What is the CRA's Voluntary Disclosures Program (VDP)?The VDP allows taxpayers to correct previous errors or omissions without facing penalties. More details here.
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How long should I keep my tax records?Keep records for at least six years. Learn more about record-keeping requirements here.
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What is the difference between a tax deduction and a tax credit?A tax deduction reduces your taxable income, while a tax credit directly reduces the amount of tax you owe. More information here.
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How do I file my taxes online?You can file your taxes online using certified software. Find out more here.
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Can I file my taxes by paper?Yes, you can still file by paper. Learn how here.
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What should I do if I missed the tax filing deadline?File as soon as possible to minimize penalties. More guidance here.
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How do I correct a mistake on my tax return?Use the CRA's ReFILE service or submit a T1-ADJ form. Details here.
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What documents do I need to file my taxes?You will need your T4 slips, receipts, and any other relevant documents. More information here.
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How can I check the status of my tax return?Check your status online through My Account or by phone. Instructions here.
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What is the penalty for filing late?Penalties vary but start at 5% of the balance owed. Learn more here.
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What is the Canada Child Benefit (CCB)?The CCB is a tax-free monthly payment to eligible families. More details here.
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Am I eligible for the GST/HST credit?Low-income individuals and families can qualify. Check eligibility here.
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How do I apply for the Disability Tax Credit (DTC)?You need to submit Form T2201. Learn more here.
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What is the Climate Action Incentive (CAI)?The CAI is a refundable credit for residents of provinces without a carbon pricing system. More info here.
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Can I claim medical expenses on my taxes?Yes, you can claim eligible medical expenses. Find the details here.
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What is the Canada Training Credit?This refundable credit helps cover training costs for eligible Canadians. More information here.
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How do I claim tuition and education credits?Use Schedule 11 on your tax return. More details here.
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How do I register my business for a GST/HST account?Register through the CRA's Business Registration Online. More info here.
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What expenses can I deduct as a small business owner?Common deductions include office expenses, travel, and salaries. Details here.
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How do I file a corporate tax return?File using T2 forms. More guidance here.
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What is the small business deduction?It reduces the tax rate on your small business income. Learn more here.
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How can I manage my business payroll taxes?Use the CRA’s payroll deductions online calculator. More info here.
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What are the tax implications of hiring employees vs. contractors?Employees require source deductions; contractors do not. More details here.
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How do I keep proper tax records for my business?Keep all receipts, invoices, and financial statements for six years. More information here.
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What is the GST/HST rate in my province?Rates vary by province. Check the rates here.
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How do I file my GST/HST return?File online through My Business Account. Instructions here.
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What is input tax credit (ITC)?ITCs allow businesses to recover the GST/HST paid on business expenses. Learn more here.
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Who needs to register for GST/HST?Businesses with taxable sales over $30,000 must register. More details here.
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How do I claim a GST/HST rebate?Rebates are available for certain expenses and groups. More info here.
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