When are income taxes due in Canada?

Answer All income tax returns in Canada must be filed by April 30. If you are self-employed you have until June 15 to file your taxes, unless you owe the Canada Revenue Agency money; then it must be paid ... Read More »

Top Q&A For: When are income taxes due in Canada

Are income taxes high in canada?

On One Hand: Taxes Are HighCanada levies a progressive income tax. As of May 2010, Canada imposes a 15 percent tax on the first $40,970 earned, 22 percent on the next $40,970 earned, 26 percent on ... Read More »

Common Law Income Taxes in Canada?

Entering into a common-law marriage presents unique tax advantages and disadvantages that you should address. Combined income, assets and benefits can create filing complications that are avoidable... Read More »

How to File Income Taxes Late in Canada When You Are Getting a Return?

In Canada, personal income tax returns are due to the government on April 30 of every year. If you file your tax return after that date and owe taxes, you may have to pay penalties. If you are gett... Read More »

If one received a financial compensation for loss of limb from an insurance company is that money taxable and should it be included as income for income tax in Ontario Canada?

That is going to depend on your destination. For example, if you are flying into the United States you could opt to get travel insurance from American Visitors Insurance, a well known travelers' he... Read More »