How to File Taxes in Canada
Filing taxes is a straightforward process in Canada
and you are allowed to file your taxes in different ways. You may ask the Canadian Tax Revenue for further information but here are the basic steps to fulfill your obligations.
Who Pays Taxes in Canada?
All persons who reside and earn a living on the territory of Canada
are requires to pay taxes
. International students who study in the country are responsible for filing their tax returns. Deemed residents, non-residents, residents, students and persons with residential ties are also required to file their tax returns. When one establishes ties in the country, he is considered a resident with regard to taxation
. Residential ties are the following: furniture, homes, and cars. In general, resident status determines the tax amount one has to pay. Canadian citizens
and residents have to report income that is earned outside the territory of Canada. Persons who move to another state during the current financial year are still required to file their taxes in the country. They are treated as part-time residents and as such are obliged to file a tax return for the period they were residents.
Step 1 Keep Information Organized
Put relevant government forms, expense forms, receipts, and other paperwork in a file or compile a list. Keep all information organized so that you dont have to search all over the house for missing papers in the last moment.
Step 2 Fill in Paperwork
Visit the local Canada Revenue Office in your area or go to the post office. Fill out paperwork promptly, making sure you have written down your earnings for the previous year together with expenses you can lawfully claim.
Step 3 Submit Documents
Submit paperwork through H&R Block Canada. You can either submit your documents through
their website or go to any of their nine hundred branches in the country. You will have the opportunity to ask questions if unsure how to file your tax documents. H & R Block is known as one of the reliable tax companies in Canada and you may entrust it to handle your personal information and documents.
Step 4 Mail Taxes
Send your taxes to a division of the Canadian Revenue Agency
by mail. The Agency has multiple locations and you may find the one that is closest to your whereabouts.
Step 5 File Return
You can use an e-filing software such as Quick Tax in order to file your return. The software will calculate the amount of your taxes when you fill in numbers from your tax forms. Then, the program will recheck the return and the file is ready to be sent. E-filing software is a convenient tool which limits the chances for human error when it comes to calculations. This also means that you will receive the refund faster.
You can also file your taxes on a tax submission form at the website of Canada Revenue Agency. An official will look at your taxes and request proofs of employment paychecks and receipts.