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How to File Income Tax Electronically in Canada | 2018 ...

The Canada Revenue Agency processes more than 25 million tax returns each year and almost two-thirds of these returns are filed electronically.

That number is poised to grow as telephone filing for simple returns is no longer an option; the CRA also has encouraged taxpayers the move away from using paper forms.

Electronic Filing Options

The CRA offers two ways to file tax returns electronically....

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Can I Get a Tax Credit for the Sales Tax I Paid? | 2018 ...

Can I Get a Tax Credit for the Sales Tax I Paid?

TurboTax Canada

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You pay federal sales tax on most items purchased in Canada, and depending on the province where you make the purchase, you often pay provincial sales tax as well.

If you have a low income, you may be eligible for a tax credit, and if you carry on a business, you may be able to get a credit for the business-related sales tax...

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Federal Education and Textbook Credits: 2017 Tax Year Changes

Federal Education and Textbook Credits: 2017 Tax Year Changes

Jennifer Gorman

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The Canada Revenue Agency offers credits to offset the costs of being a student. As of the 2017 tax year, the federal education and tax credits are planned to be eliminated. However, you may still qualify for the tuition tax...

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Deceased Tax Returns in Canada: What to Do When Someone ...

Filing a Deceased Tax Return

When someone passes away, that person's legal representative (executor or estate administrator) has to file a final income tax return. The estate is everything that a person owns when they die, including their property and their debts. The legal representative also advises the CRA, Revenu Québec (if appropriate) and Service Canada of the date of death and sends in...

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Canadian Disability Tax Credit | 2018 TurboTax® Canada Tips

Disability Tax Credit in Canada

A number of programs and services are available for persons with disabilities to help them and their caregivers cope with the added expenses and to facilitate their full participation in society. The Canada or Québec Pension Plan administers monthly income programs.

The Canada Student Loan Program can help, and the Canada Mortgage and Housing Corporation (CMHC)...

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Understanding Tuition Tax Credits | 2018 TurboTax® Canada Tips

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The cost of post-secondary education represents a financial burden to many Canadian students and their families. Tuition itself comprises a big portion of a student's costs, and qualifying students can claim the tuition tax credit to offset part of the expense of college or university.

Eligibility for Tuition Credit

Generally, any student over the age of 16 who is enrolled in...

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How to Reduce Capital Gains Tax in ... - TurboTax Canada Tips

For example, if you bought shares for $10,000 and sold them for $15,000, you have to declare a $5,000 capital gain in the year you sold the shares. As of 2016, the capital gains inclusion rate is 50 percent, so you would include $2,500 in your total taxable income.

The inclusion rate is the same for everyone, but the amount of tax you pay depends on your total income, personal situation and your...

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Related topics : investment property capital gains tax rate / investment property capital gains tax exemptions / capital gains tax investment property primary residence / capital gains tax investment property sale / capital gains tax investment property calculator