The documents required will vary according to your financial and fiscal situation. For example, if you worked as employee during the year, you will receive a T4 from your employer. If you also had investments with financial institutions, you may receive a T3, T5 or T5008. In case you paid tuition, you may receive a T2202. So, you may have only one “T” form or several. In our process we ask you to answer a few questions related to your income for us to find out what else is important to report.

Yes. All your income earned in another country must be reported in your Canadian Tax Return. You may be able to claim foreign tax credit if Canada has Tax Treaty with such country.

If you owned more than CAD 100,000 at any time during the previous year, you will have to file a simplified foreign assets return. However, if you owned more than CAD 250,000, you need to file a detailed foreign assets return.

There are several different deductions. The most common are: Medical, Dental, Union Fees, Donation to Charity, Tuition, RRSP, FHSA, Moving, Childcare, First-time home buyer, Disability, amongst others.

This is a misunderstanding about tuition paid and tuition used. The tuition paid can be used to offset your income and reduce the tax owned or increase the tax refund. The tuition itself is not refundable.

Tax Return is the document you must file before CRA to report your financial and tax situation. Tax Refund is the excess tax paid during the year which is calculated in your Tax Return that will be paid (refunded) back to you.

Yes, and this is highly recommended. We can help you set up this option when you have us prepare your tax return.

According to CRA, for Tax Returns filed electronically, the deadline is up to 2 weeks if nothing comes up. For paper filed Tax Return, CRA estimates up to 8 weeks to process and issue the payments.

1. There are different ways to pay your taxes in Canada. The best recommendation is to look at CRA website and choose the method that is more suitable for you.