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For individuals who are resident in Canada for tax purposes, the TIN is generally the individual’s Social Insurance Number. Outside Canada, a TIN is generally a tax number used in that jurisdiction to identify an individual or entity (or a functional equivalent in the absence of a TIN).
1 Φεβ 2021 · If you pay premiums for a private health insurance plan, you may be eligible for a credit against your taxes. Find out how to report these amounts on your income tax return.
Canadian financial institutions have to collect the information on this form to open or maintain an account. It is a requirement under Canadian regulations relating to the Common Reporting Standard (CRS) and Foreign Account Tax Compliance Act (FATCA).
This chart indicates whether the taxable allowances and benefits are subject to Canada Pension Plan (CPP) and employment insurance (EI) withholdings. Chart also indicates whether the GST/HST has to be included in the value of the table benefit for income tax purposes.
Canadian income tax liability is determined by an individual’s residence status. An individual resident in Canada is taxable on worldwide income. Non-residents are taxed on Canadian-source income only. The tax statutes do not contain a specific definition of “residence.”
You can claim only eligible medical expenses on your tax return if you, or your spouse or common-law partner: paid for the medical expenses in any 12-month period ending in 2023; did not claim them in 2022; Generally, you can claim all amounts paid, even if they were not paid in Canada.
Complete Form T90, Income Exempt from Tax under the Indian Act, to help the CRA calculate your CWB, Canada training credit limit and your provincial or territorial benefits. This page lists the types of income that are not taxable and you do not have to report on your return.