As a Canadian resident, you are required to pay both federal and provincial taxes on your worldwide income. The specific taxes you pay depend on your residency status and the type of income you earn. We can help you understand your tax obligations and ensure compliance, while optimizing your tax situation.

The normal tax filing deadline is April 30 for the previous tax year. If you are self-employed, you have until June 15 to file, but any taxes that are owed must still be paid by April 30 to avoid interest. We can help you meet these deadlines and prepare your return accurately.

Canada has a global tax system, which means you must declare all income, no matter where it was earned. We can help you declare your foreign income correctly and use tax treaties to avoid double taxation where possible.

There are numerous tax deductions and credits available in Canada, including child benefits, housing subsidies, education tax credits, and medical expense deductions. As a new Canadian, you may also be eligible for a relocation expense deduction.

You will need documents to prove your income, expenses and tax deductions, such as T4 forms (income from employer), medical receipts, tuition receipts and documents showing income from abroad.

You will need to obtain a Social Insurance Number (SIN) and register with the Canada Revenue Agency (CRA). We can help you with the registration process and explain the steps needed to properly set up and file your taxes in Canada.

Penalties are usually imposed for late filing or providing incorrect information. It is important to file your tax return on time and include all relevant information. We can help you avoid common mistakes and minimize your risk of penalties.

As a business owner, you must pay income tax, Goods and Services Tax (GST/HST), and possibly contributions to the Canada Pension Plan (CPP). We can help you register your business, file your taxes, and optimize your tax obligations.

Yes, in some cases you may be eligible to receive a refund of some of the costs associated with moving to Canada, especially if the move was for work or study.

Buying real estate in Canada has tax implications, including transfer taxes, possible capital gains taxes on the sale, and other fees. We can help you understand the tax implications and plan for a purchase with minimal tax implications.

It is important to plan your asset transfers properly to avoid unnecessary taxes and fees. We can help you develop a strategy to effectively manage your assets in Canada while minimizing your tax liabilities.

In your first year, you may be considered a resident or a partial resident for tax purposes, depending on your intention to remain in Canada and whether you have a permanent residence. We can help you determine your status and file your return correctly.

Filing your tax return on time by April 30 avoids penalties and gives you the opportunity to claim tax breaks and credits. These include the Goods and Services Tax, the Combined Sales Tax (GST/HST), the Canada Child Benefit (CCB), the Old Age Security Benefit (OAS), and the GIS.

The Canada Revenue Agency (CRA) issues a Notice of Assessment (NOA) after processing your return. The document contains information about your tax situation, including the amount of tax you owe, the amount of tax you have already paid, and a list of any benefits or credits that are available.

The CRA charges late filing penalties that increase. The penalty starts at 5% of the outstanding tax, plus 1% of that amount for each full month of delay, up to 12 months. Individuals who fail to file returns on time for three consecutive years pay penalties of twice the regular rate—10% plus 2% each month, for up to 20 months.