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 […]
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. One of the consequences of not filing your […]
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. Eligible dividends are dividends paid by a Canadian corporation that has paid corporate income tax at the federal small business tax rate. These dividends are eligible […]