You can qualify for eligible moving expenses if your new home is at least 40 kilometres (by the shortest usual public route) closer to the new place of work, business or school as compared to the old home or business. Who Can Claim? An Employee Self employed Full time StudentRead more →
Which Corporations have to file income tax return? Resident corporations All corporations who are resident of Canada (except provincial Crown corporations, Hutterite colonies and registered charities) have to file a corporate tax returns (T2 return) for every tax year, even if there is no income or no taxRead more →
New Immigrants and Income Tax in Canada Information about Income Tax filing is one of the first piece of information that new immigrants to Canada should know about. Though taxes in Canada are considered to be “high” in comparison to many other first world countries, the fact
Read more →