income tax canada tagged posts

File Tax Online: How to NETFILE

How to NETFILE - File Tax Online

As stated in my previous article, Income Tax – The Agony and the Ecstasy, many Canadians choose to prepare and submit their own tax returns, using the Income Tax and Benefit Guide and other supporting information. Increasingly, they are abandoning the paper return and opting to file electronically. This article will provide you with an overview of how to NETFILE.

A Growing Trend to File Tax Online

According to the Canada Revenue Agency (CRA) website, in 2012 almost 66 % of Canadians filed their returns electronically, either on their own or with the help of a tax preparer...

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Income Tax – The Agony and the Ecstasy

Income Tax - The Agony and the Ecstasy

It’s that time of year again! Millions of Canadians are preparing to file their annual personal income tax returns. For many, it’s a formidable task which they tend to postpone until the last possible day, which happens to be April 30th of each year. There is no denying that the tax return process can involve a number of forms, schedules, information slips, and yes, a certain amount of frustration. However, in many cases, it is not as complicated as some may think.

Main Components

The basic tax return can be broken down into three main components: income, deductions from income, and non-r...

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