Tax Everyday | Tax Preparation Services in Toronto

How are dividends taxed at the personal level

At the personal level, dividends are taxed differently depending on the type of dividend you receive. In Canada, there are two types of dividends: eligible dividends and non-eligible dividends.

Read more

What happens if I don't file my 2022 personal taxes?

Filing your personal taxes is a legal requirement in Canada, and failing to do so can result in serious consequences. If you do not file your personal taxes for the 2022 tax year, the Canada Revenue Agency (CRA) may take action to collect the taxes you owe.

Read more

Do I need to file my Canadian taxes if I live and work in Dubai

As a Canadian citizen, you are required to file a tax return in Canada if you have earned income in Canada or if you have worldwide income that exceeds certain thresholds. If you are a resident of Canada for tax purposes, you must report all of your income from all sources, both inside and outside of Canada, on your Canadian tax return.

Read more

how will CERB will effect the 2022 personal taxes

The Canada Emergency Response Benefit (CERB) was a program introduced by the Canadian government in response to the economic impacts of the COVID-19 pandemic. The program provided financial support to individuals who were unable to work due to the pandemic, including those who were laid off, sick, quarantined, or caring for someone who was sick.

Read more

Personal tax and the CRA

Personal tax is an important aspect of being a responsible citizen in any country. In Canada, personal tax is managed by the Canada Revenue Agency (CRA), which is the federal agency responsible for administering tax laws for the Government of Canada.

Read more

Are you working from home?

If you are an employee who was asked to work from home (“WFH”) in 2020 due to the pandemic, the CRA has added a temporary simplified process that w...