If you are planning to purchase a product or service in Canada, it is important to understand what the QST is. The QST is a provincial sales tax, similar to the federal goods and services tax. Marketplace facilitators are responsible for charging this tax, whether they are selling goods or […]
What is PST in Canada?
If you’re looking for information on the provincial sales tax (PST), you’ve come to the right place. In this article, we’ll talk about the differences between the PST and GST in Canada, how it affects your wallet, and which provinces have PSTs. We’ll also discuss the HST and GST in […]
What is HST in Canada?
HST is a tax that applies to goods and services sold in Canada. It was designed to make business transactions more convenient and streamlined. However, the Canadian government made the system optional, and many provinces opted not to adopt it. As a result, British Columbia, Saskatchewan, Manitoba, and Alberta still […]
Does Welfare Recipients Getting Tax Refunds in Canada?
Many people in Canada don’t understand how to apply for welfare and how to report their income so they can get tax refunds. In Ontario, for example, more than a hundred welfare recipients weren’t collecting child benefits. Ninety-five of those recipients hadn’t applied for the program and five weren’t eligible. […]
Capital Gains Tax in Canada
In Canada, you must pay capital gains tax if you sell a property after the purchase date. This tax was first introduced by the federal government in 1972. Prior to this, capital gains were tax-free. Capital gains in Canada are the difference between an asset’s total cost and its selling […]
Canada Tax Deadlines
Canada tax deadlines are important, and it is important to file them in a timely manner. Failing to do so will result in a fine. Not filing your taxes is also a criminal offense. The author, Angela, combines a passion for linguistics with a passion for investing and money. She […]
Things You Need to Know When Filing a T4A Form
There are a few things you should know before filing your Statement of pension, retirement, annuity, and other income (T4A) form. For example, if you are a contractor, you must document the amount of money you paid them. However, you do not need to include GST/HST on these payments. You […]
CRA Netfile Vs eFile – Tax Filing Online in Canada
When it comes to filing taxes online in Canada, you may be wondering what the difference is between CRA Netfile and eFile. You can use approved tax software to file your taxes with the CRA or use approved tax software to file your taxes yourself. Both systems are available to […]
How to Qualify For a Canada Carbon Tax Rebate
The government has implemented a carbon tax on all Canadians, and the revenue from that tax will be used to help the Canadian economy transition from fossil fuels to green energy. Each province and territory will be able to use the funds to address climate-related issues, reduce other taxes, and […]
Canada Tuition Tax Credit
The Canada tuition tax credit is a form of financial aid for Canadian citizens who are studying overseas. It can help you pay for your tuition, and other fees, as well as scholarships. It is a tax credit that can be carried forward only once and must be used for […]