Have you recently got married or enter into a common-law partnership? Have you separated or divorced? Were you recently widowed? It is important to inform the CRA about changes in your marital status to make sure you receive the right amount in benefit and other credit payments.Read more →
What is Registered Retirement Savings Plan (RRSP)? A Registered Retirement Savings Plan (RRSP) is a tax-deferred savings account designed for Canadians to save toward their retirement. It is advantageous because your contributions entitle you to a tax deduction and generate investment income that is sheltered from incomeRead more →
Which Corporations have to file income tax return? Resident corporations All corporations who are resident of Canada (except provincial Crown corporations, Hutterite colonies and registered charities) have to file a corporate tax returns (T2 return) for every tax year, even if there is no income or no taxRead more →