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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 ...
This year, you could get up to $456 if you are single, $598 if you are married or have a common-law partner, and/or $157 for each child under the age of 19. Provincial or Territorial Benefits. Canada has 13 different territories and provinces and each offers separate and distinct benefits for its residents.
- Alberta. Alberta Child and Family Benefit (ACFB) Alberta Child and Family Benefit provides direct financial assistance to lower and middle-income families with children under 18.
- British Columbia. BC Family Benefit. The BC Family Benefit provides tax-free monthly payments to families with children under 18 years. The benefit is administered by the CRA, which uses your information from the CCB to determine your eligibility for the BC Family Benefit.
- New Brunswick. New Brunswick Child Tax Benefit (NBCTB) The NBCTB is a non-taxable monthly amount provided to eligible families with children under 18 years old.
- Newfoundland and Labrador. Newfoundland and Labrador Child Benefit. This tax-free benefit is paid monthly to low-income families to help them with the cost of raising children under 18 years old.
Even if you lived in Canada for only part of the year, you may have to file a 2023 Income Tax and Benefit Return if you: have to pay tax for the year; want to claim a refund; want to get benefit and credit payments; To continue getting the benefits and credits you may be entitled to, you have to do your taxes each year, even if you had no income.
Jul 28, 2023 · New immigrants can access these breaks by filing an income tax return as soon as they are eligible to do so. In some cases (see below), you can apply for benefits when you first get to Canada, before you have filed a tax return. As a newcomer to Canada, here are three specific tax benefits you’ll want to know about. 1. GST/HST credit
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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.
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Jan 6, 2023 · The CPP tax rate for 2023 is 5.70%, and the EI rate is 1.63%. Taxpayers are only required to pay CPP tax on the first $66,000 earned and on the first $61,500 for EI. Newcomers must also pay provincial or territorial, and federal income tax. Their employer must also withhold these taxes from their paycheck and remit to the government on their ...
