When you work in Canada, It is essential to pay your tax. Failure to adhere to the rules of taxation in Canada can lead you to jail. Filing your taxes as a person in Canada comes with significant benefits such as Canada child benefit, GST/HST tax credit, working income tax benefit and guaranteed income supplement. As far as you are resident in Canada, even if you did work or have any income in a calendar year, it is mandatory to file your tax returns.
You can fill your tax returns online, on paper or over the phone.
Filing tax returns is divided in to
- Personal Income Tax
- Business or professional income
- Corporate income tax and
- Trust income tax
Keep visiting this space. We will be giving you everything you need to know about Taxes in Canada.
Don’t forget to reach out to follow us on our social media channels
Facebook: @ucicinc; Instagram: @ucicimmigation; Twitter: @ucicimmigation