Canadian income tax rules will be applicable to any person who is a resident of Canada and there are various factors that will help in determining this. An individual is said to be a resident of this country, if he or she maintains a residence there, has relatives residing or has bank accounts in Canada.

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Canada revenue agency is the primary nodal agency that administers tax laws. The agency oversees individual and corporate taxation in the country. It also administers the Federal value added tax that is essentially the Goods and Services Tax.  The registration and functioning of charitable organizations operating in the country are also overseen by it.

The [...]

Canada is divided into ten provinces and three territories and each one of these has a different tax structure that will be applicable depending on where the individual lives or where the business has been established.

The ten provinces include Alberta, Manitoba, British Columbia, New Brunswick, Newfoundland and Labrador, Ontario, Nova Scotia, Prince Edward Island, [...]

Many times it is exciting to be a Canadian, and sometimes it is not when it comes to issues of taxes on individuals and businesses. Taxes can really put you in a fix and it may be really difficult to wriggle out if not properly managed, and that is why you many need the help [...]

Unlike about a decade ago, people are now getting wiser and taking advantage of many available government policies and programs to have their tax burden drastically reduced and within bearable limits. About a decade ago, many people lamented their lots when they had problems paying their tax rates because they could not cope with how [...]

It is always easy to reduce your tax exposure if you are a Canadian taxpayer, but you must know what to do and the right financial steps to take. Many people still continue to groan under the burden of an ‘unfair’ tax system, while those who have found a way around and wait for another [...]

There is a definite advantage to tax payment when you are a business man in Canada. You will enjoy lower tax rates if you know what to do or if you apply the professional advice of tax consultants on the matter. You can never rise above what you do not know, and many businesses continue [...]

Many persons strategize to pay fewer taxes, without having to owe at all. Furthermore, they do not mind paying taxes as long as they pay at a reduced rate. This is not surprising, but the government also does not mind people paying reduced tax rates, as long as, it is legal and according to laid [...]

There are still many things some are unaware of about personal finance and hence still murmur and grumble against the tax system. Then again, there are many things you can learn about the tax system and how you can improve your personal finance and life through simple tax procedures. As a resident of Canada, you [...]

As a legal resident in Canada, you must be aware of your obligations to pay your taxes as at when due; and you must also be aware that sanctions may follow if you fail to pay your taxes in time. Then one might go further and presume that with the above knowledge, you must know [...]