Below are lists of the most common tax slips and receipts we encounter during tax season and time frames that you can expect to receive them. Tax Slips The following chart outlines the filing dates Canada Revenue Agency (CRA) requires for tax slips to be submitted....
In our article, “Budget 2022: What Does it Mean for Me?”, we discussed several proposed measures for implementation. Since then, the following have been passed into law.
Budget 2022 Canada The Federal budget 2022 focussed on several important factors for Canada’s immediate recovery needs and future growth. The government highlighted 3 broad areas. Making Life More Affordable for Canadians Economic Growth and Innovation A Clean Economy...
1. Assess your tax year for planning issues and opportunities a. How much tax is being withheld at source? If no tax, or too little, was withheld at source on your RRSP and RIF/LIF withdrawals, employment insurance benefits, and/or your CPP & OAS payments,...
Year-end is a great time to start organizing your tax information. Refer to your Fraser & Partners ‘Go-To Tax Envelope with the general income tax checklist on the front that identifies paperwork you’ll need to gather for submitting your taxes. Or, click here to...
Applying for the DTC could help you save on your tax bill If you or someone you support suffers from a severe, prolonged impairment, the Government of Canada acknowledges you will be impacted by additional costs and may grant eligibility for a tax credit to reduce the...