Income Tax Canada

Do you operate a Canadian small business? This guide presents all the information you need to know about preparing and filing your Canadian income tax return, from which business expenses qualify as legitimate Canadian income tax deductions through details on completing the T1 Personal and T2 Corporate Income Tax Returns.

Wondering when Canadian taxes are due? Here's information on Canadian taxes due dates for both personal income tax and corporate income tax returns.

Are you able to file Canadian taxes online? Here are the details on who can and who can't CRA Netfile and Efile in Canada.

This Canadian income tax FAQ describes the different options for filing income tax in Canada, including Canadian tax filing online.

What is business income and how do you declare it on your Canadian income tax? Here are the details.

Filing your first income tax return in Canada as a business this year? Here’s what you need to know about completing and filing your T1 Canadian income tax form.

Do you have business income? Then you need to fill out Form T2125 when you're preparing your Canadian income tax. Find out more here.

Learn how to prepare and file corporate income tax in Canada with this Canadian Corporate Tax Guide.

Answers to common income tax questions such as which income tax forms to use, claiming business expenses, reporting income from other countries, and what happens if you file your taxes late or can't pay what you owe.

Investment Tax Credits cut down on the amount of tax that Canadian corporations or individual business owners have to pay and in some cases, also provide refunds for some expenditures. This article explains what federal Investment Tax Credits are available and outlines how to claim these tax credits.

If you're looking for income tax preparation software, here are the best for small business people filing Canadian T1 (personal) or T2 (corporate) income tax returns.

If your Canadian corporation has a balance owing when you file your corporate tax return, here are the details about how long you have to pay the Canadian corporate tax that is due.

Does the Canadian tax software you've tried live up to its promises? Use this form for tax software reviews to share what you think of the Canadian tax software or online income tax preparation service you've used. See submissions

The services of a good accountant can be invaluable to your small business - especially at income tax time. But how do you find a good accountant? These tips for finding a good accountant will help.

How long does a tax refund take after you file Canadian income tax? This Canadian income tax refund FAQ has the answer.

Make getting your tax records together for your accountant easier with this checklist of the key records your tax accountant will need for your income tax preparation - and learn how to save money on your tax accountant’s fee.

One of the advantages of running a home based business is that there are additional income tax deductions that you can claim. How many of these home based business deductions apply to your Canadian home based business?

Eight tax strategies that you may be able to use to reduce the amount of income tax you pay if you operate a small business in Canada.

Are you an independent contractor or an employee? There’s a big difference when it comes to income taxes in Canada. This article explains the four-point test the Canada Revenue Agency uses to determine whether a worker is a contractor or an employee and what you can do to clarify your independent contractor status.

What happens when you have business expenses but not enough business income to offset them on your income tax? This explanation will help you make the most of your business loss (part of the income tax FAQ for Canadian small businesses).

Here's a real aid when you're preparing your income tax in Canada - a list of common business expenses for Canadian businesses with links to details about using particular business expenses as income tax deductions.

The answer to the question: Do you include the tax you paid on business expenses when claiming business expenses on your Canadian income tax?

Instead of writing off the total cost of any property or equipment you purchase to use in your business, you need to write it off gradually using Capital Cost Allowance. Find out the details here.

The answer to the question: Do you include the GST/HST you paid when claiming Capital Cost Allowance on your Canadian income tax?

Computer equipment and systems software are now in their own Capital Cost Allowance class. Here are the details to help with your Canadian income tax preparation.

How are Internet businesses taxed? Here's an explanation. Part of the income tax FAQ for Canadian small businesses.

Investment Tax Credits reduce the amount of income tax that Canadian corporations and individual business owners have to pay. Here's an explanation of how the Investment Tax Credit works and potential tax credits in Canada a business might claim.

If you disagree with your Canadian income tax assessment, you have the right to an assessment appeal. Here are the details on the Canadian income tax assessment appeal process.

This first installment of getting ready to file your Canadian income tax covers keeping track of your receipts, small business tax deductions related to the cost of doing business, and income tax deductions for home-based businesses.

Working on your Canadian income tax return? The second installment of small business tax deductions covers vehicle business expenses, travel-related expenses, employing your child or spouse, advertising expenses, and the kind of business expenses that fall into the CRA's 'other' category.

The profit test refers to the business definition used by the Canada Revenue Agency and is used to determine whether a person who claims to be operating a business actually is. Learn more about what the profit test is and how it applies to your Canadian small business here.

An explanation of the charitable donation deduction limits for Canadian businesses. This information on charitable deductions is part of the Canadian Income Tax FAQs for small businesses.

How does having a home-based business affect your income tax? This outline of tax deductions specific to home-based businesses explains.

Use these six year end small business tax tips to implement tax-saving strategies before the New Year and reduce this year’s income tax.

Canada Online Guide Susan Munroe explains how to use NETFILE, the CRA's online income tax filing system, and who may use it.

Use this convenient checklist from the Certified General Accountants of Ontario to make sure you have all the records your accountant needs to do your income tax.

The income tax guide for anyone who's part of a partnership in Canada, includes all the relevant forms, instructions, and an overview of the changes to the Partnership Information Return (CRA).

Need to know when your T1 is due, how to check the status of your return, or what to do if you owe personal income tax that you can't pay now? Check this FAQ from the Canada Revenue Agency.

This CRA document explains who has to pay their income tax by instalments, what the instalment options are, and the procedure for making instalment plan payments.

Income from a business and income splitting are just two of the topics explained in this very readable booklet designed to help individuals minimize their income taxes payable, from the Certified General Accountants of Ontario.

The page where you can download the Canada Revenue Agency Guide that explains what is and isn't considered business or professional income, allowable expenses, the capital cost allowance, and investment tax credits. MUST reading.

A reference for professionals or business people whose usual fiscal period does not end on December 31. Line-by-line instructions are included (CRA; PDF files).