Starting on February 19, 2024, you can file your personal income tax and benefit return online for 2023.
Tax filing deadline 2023 Canada for individuals
and families (except
self-employed people)
is April 30, 2024.
People in Canada who are self-employed have until June 17, 2024, to turn in their taxes for the year 2023.
April 30, 2024: Deadline to pay your taxes
Taxes are Complicated. But Not When you Have the Right Accountant!
Income tax is one of the most often paid taxes in Canada. It's an important source of revenue for the many government services and programmes that benefit the general public. Canada's tax system improves the quality of life for all Canadians and newcomers. Taxes fund numerous things, from roads and bridges to education and health care in Canada.
The tax system is complex. It involves many rules and regulations. However, there are some basic things you need to know about filing your taxes.
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First, you must file a return every year by the due date.
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Second, you must pay any taxes due before April 30th.
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Third, you should keep records of all income and expenses.
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Fourth, you may deduct certain expenses from your taxable income.
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Fifth, you may claim exemptions based on your age, marital status, dependents, etc.
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Sixth, you may take deductions for mortgage interest, charitable contributions, medical expenses, etc.
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Seventh, you can claim education expenses under the tuition tax credit Canada on T1 general.
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Finally, you may carry over unused tax credits and deductions.
You don't want to miss out on any tax breaks. That's why you should hire a qualified accountant who knows how to prepare your taxes properly. They'll make sure you're getting the most money back possible. And they'll do it quickly so you won't have to wait until the last minute.
File your Personal Tax Return with the Best Accounting Firm in Canada
Filing your Canadian income tax returns has never been easier! We know what it takes to help Canadians like you navigate through the maze of personal income tax rules. Our team has years of experience helping people just like you. With our expert team at CLaTAX, we’ll help you file your tax return the right of way. We offer in-person services, online filing, and even drop-off locations. Our tax filing services are available to all individuals and families, no matter what their tax situation is. This includes Canadian citizens, Canadian students, immigrants, visitors, newcomers to Canada, welcome Canada tax for international students, people with work permits, senior citizens, Canadian resident who spends part of the year in the U.S and so on. We also help people who have rental properties, are freelancers or self-employed contractors, and delivery drivers and couriers who work for themselves.
Take Advantage of the 2022 Tax Breaks
Take advantage of the new changes to tax breaks for 2022. Every Canadian can get three benefits from the Canada Revenue Agency (CRA). The Basic Personal Amount (BPA) tax credit, the Minimum Taxable Amount, and the Age Amount tax credit could all help you pay less federal tax.
Frustrated by Simplistic, Low-quality Tax advice that Fails to Maximize Refunds?
We like helping clients lower their tax liability. CLaTAX has helped Canadians with their personal tax returns for over 11 years.
Minimize your taxes
In the highest tax bracket, 50% of your earnings go to the government. If you overlook a deduction or credit, you might lose thousands of dollars yearly. Why prepare and arrange your own taxes when a tax accountant can save you money? Professional tax service savings often exceed tax preparation fees.
Free consultation
At CLaTAX, initial phone or online consultation is free. Don't wait! Email or phone us for a free tax return consultation with a CPA.
File in our office
You can file your tax return at our office in Burnaby or Vancouver, British Columbia (by appointment). CLaTAX has professional tax accountants who can file and plan your taxes at fair costs.
Cloud tax services
Looking to file Canadian taxes online? Do your taxes from the comfort of home. Our cloud tax service offer Canada-wide remote service. You can file your personal tax return with CLaTAX online at your convenience time.
Back taxes
Unpaid or back taxes? CRA Audit? Not all taxable income declared? You deducted ineligible expenses? Incorrect tax return? If you answered yes, we can assist. Tax security protects you from audits and back taxes. CLaTAX CPAs apply the best accounting standards and have experience battling CRA audits and unpaid taxes.
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When can I file my 2022 tax and benefit return?You can file your tax and benefit return for 2022 starting on February 20, 2023.
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I didn't file taxes before. Can I file previous tax returns?Tax returns from previous years can be filed online or on paper.
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Am I a Canadian resident if I am an international student?As an international student in Canada, you are considered a resident.
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When is the last day to file taxes 2023 in Canada?The tax filing deadline 2023 Canada for most individuals is April 30, 2023. The tax deadline for self-employed individuals is June 15, 2023.
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I am a student from a different country. Do I need to file my taxes?If you are an international student in Canada, you must file a Canadian income tax return.
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What happens if I file my taxes late in Canada?If you file your taxes late in Canada and owe money, the CRA will charge a late-filing penalty of 5% of the balance owing, plus 1% for each full month your return is late, up to 12 months. Repeat late filers face higher penalties. Additionally, interest on unpaid taxes accrues daily. For more details, visit the CRA’s official page.
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Who can claim tuition tax credits?Any student over age of 16 studying in post-secondary or trade school courses at a Designated Educational Institution in Canada can claim the tuition credit, and the credits can be transferred or carried forward.
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Do international students in Canada benefit from filing taxes?International students who work in Canada and pay taxes can save money by taking some of their tuition costs out of their taxable income. This could help them get the money they paid in taxes back. Students and their spouses or common-law partners may also be eligible for goods and services tax credits and the Canadian Child Tax Benefit.
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Who can claim home office expenses in 2024?You can claim home office expenses if you: ✅ Were required by your employer to work from home (written or verbal agreement). ✅ Worked more than 50% of the time from home for at least 4 consecutive weeks. ✅ Paid for eligible expenses that were not reimbursed by your employer. ✅ Have a signed Form T2200 from your employer.
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How do I calculate my home office expenses?You must: 1️⃣ Determine the work space percentage (size of your work area vs. total home). 2️⃣ Apply this percentage to your eligible expenses. 3️⃣ Claim the work-related portion only.
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I don't work. Will I get any benefits from filing my taxes?Filing taxes is the only way to get benefits like GST credits, the Child Tax Benefit, or a refund.
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Do students pay income tax in Canada?Students pay income tax in Canada. You may be qualified for deductions that might reduce your tax bill or provide you a refund.