So, you want to know how to get started on tax filing? You’re in luck – we have awesome solutions to do that! And it can do everything you need to do the tax filing of your dreams!
What is Income Tax?
According to the Income Tax Act of 1985, an Income Tax is a tax payable by a person resident in Canada.
As required by the Act, an income tax shall be paid on the taxable income for each taxation year of every person resident in Canada at any time in the year.
Taxable income
A taxpayer’s taxable income for a taxation year is the taxpayer’s income plus the additions and minus the deductions permitted by the same act.
Tax payable by non-resident persons
Where a person who is not taxable under subsection 2(1) of the Income Tax Act for a taxation year
- was employed in Canada,
- carried on a business in Canada, or
- disposed of Canadian taxable property,
at any time in the year or a previous year, an income tax shall be paid, as required by the Act, on the person’s taxable income earned in Canada for the year determined under the same act.
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How to get started on tax filing?
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