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The goods and services tax/harmonized sales tax (GST/HST) credit helps you offset the tax you pay on things you buy. If you are at least 19 years old, have a low or modest income, and are eligible, apply for a tax-free quarterly payment. Find out if you are eligible to apply for the GST/HST credit. The Canada Carbon Rebate (formerly known as ...
Under Canada's tax system, you have the right and responsibility to determine your income tax status and make sure you pay your required amount of tax each year according to the law. Guide RC17, Taxpayer Bill of Rights Guide: Understanding your Rights as a Taxpayer , outlines the fair treatment you are entitled to receive when you deal with the CRA .
Mar 8, 2022 · The free online learning tool provides you with lessons that help you understand what taxes are, why we pay them, how to read your pay stubs and income tax slips, and finally, how to do your taxes. Following each lesson, you can test yourself with exercises and quizzes. For more information, go to Learn about your taxes.
Tax filing deadlines. The tax filing deadline is April 30 of every year. If April 30 falls on a weekend, the CRA extends the deadline to the following business day. If you’re self-employed, the deadline is June 15. If you file late, you'll be liable for penalties and interest on the amount owing for that tax year.
The CRA Free File program is designed for individuals with an adjusted gross income of $73,000 or less. It offers free online tax preparation and e-filing services, making it accessible for eligible taxpayers to file their taxes without incurring additional costs. CRA e-file
Mar 17, 2024 · Canada uses a marginal tax rate, meaning that people are taxed based on how much they earn. Put simply, the more one earns, the more they are taxed, but this is not a flat rate. For example, if an individual earned $60,000 CAD last year in Ontario, they would pay 5.05% on the first $49,231 CAD, and 9.15% on the next $10,769 CAD.
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Sep 22, 2020 · The deadline for filing your personal income tax return is April 30 th. The deadline for self-employed individuals to file their personal tax returns is June 15 th, (however, any amounts due to CRA for that tax year are payable by April 30 th). If April 30th or June 15th falls on a Saturday or Sunday, then the due date is the following Monday.
