Tax FAQs
Find clear answers to the most common tax questions. These FAQs cover personal, self-employed, corporate, and GST/HST topics.
👤 Personal Tax Questions
When is the tax filing deadline in Canada?
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The standard deadline is April 30. Self-employed individuals usually have until June 15, but taxes owing are still due April 30.
What documents do I need to file my taxes?
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Common documents include T4s, T5s, RRSP slips, tuition receipts, medical expenses, and donation receipts.
💼 Self-Employed Tax Questions
What expenses can self-employed individuals deduct?
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You may deduct business-related expenses such as office rent, home office costs, software, marketing, and professional fees.
Do I need to register for GST/HST?
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If your revenue exceeds $30,000 in 12 months, registration is mandatory. Voluntary registration may also be beneficial.
🏢 Corporate & GST/HST Questions
When is a corporate tax return due?
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Corporate tax returns (T2) are generally due six months after the fiscal year-end, but taxes owing may be due earlier.
What happens if I miss a GST/HST filing?
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Late filings may result in penalties and interest. Filing on time or correcting past filings can help reduce CRA issues.
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