❓ FAQ
This section contains the most common questions that may arise when filing a tax return in Canada. We have prepared answers to key questions to help you better understand the process of filing your return, the required documents, and various nuances related to taxes. If you have additional questions, feel free to reach out for consultation.
🧾 Do you provide services to newcomers to Canada?
Yes, I help newcomers adjust to the Canadian tax system, including foreign income, moving expenses, northern residents deductions, and other nuances.
🚗 I work for Uber / DoorDash. Can you help me?
Of course! I work with self-employed individuals and those who earn through platforms like Uber, Uber Eats, DoorDash, Skip, etc. I help you take into account expenses (fuel, repairs, depreciation, phone, etc.) to reduce your tax liability.
💼 Do you help the self-employed and freelancers?
Yes. I work with freelancers, consultants, craftsmen, creative professionals and small business owners. I help with reporting, expenses, tax planning and GST/HST registration.
🌎 I have income from abroad. Do I have to declare it?
Yes, if you are a tax resident of Canada, you must report all income - Canadian and foreign. I will help you correctly declare such income and use available credits/deductions.
🗣 In what languages do you provide services?
I provide services in Ukrainian, Russian and English.
🔐 Is my information confidential?
Yes. I comply with all personal information protection standards as required by the CRA. Your information will be safe.
⛔ Do I need to file a declaration if I have no reportable income?
If you have no taxable income, in most cases you do not need to file a tax return. However, in some cases, filing a declaration may be useful for obtaining a tax refund or other tax benefits.
✍ Who should file an income tax return?
A tax return must be submitted by all persons who have taxable income or who can claim tax benefits such as tax refunds or tax credits.
🏦Why should I submit a "zero" declaration?
Filing a "zero" declaration (if you have no taxable income) can be useful to record your lack of income per hour. This can also help maintain your legal purity in the tax authorities and become the basis for receiving various tax benefits.
📌 What do I need to submit a tax return?
To submit a declaration, you will need your T-shaped receipts, information about income, expenses, possible tax credits, as well as any other documents related to your finances, for example, documents for medical expenses or education.
⏰ When should I receive all my T-receipts?
Usually, T-shaped receipts must be sent by the employer or other organizations by the end of February of the year following the reporting year.
🚨 What to do if I have not received all T-shaped receipts or some information is missing from them?
If you have not received all T-receipts or they contain errors, contact your employer or organization that issued the receipt. If the problem is not resolved, you can contact the CRA (Canadian Revenue Agency) for clarification.
🏪 What are the deadlines and dates for submitting income tax returns in Canada?
The tax return filing deadline for most taxpayers is April 30. If the last day falls on a weekend or holiday, the deadline is postponed to the next working day.
⏰ What is the earliest time I can file a tax return electronically?
Electronic filing of the tax declaration can be started from February 1 of each year. This gives you the opportunity to submit the declaration as early as possible and get a refund faster.
🎫 What are the fines for late submission of the declaration?
If you submit the declaration late, you may be charged a penalty of 5% of the amount of tax to be paid, plus 1% for each month of delay. Fines can increase if you do not submit a declaration for several years in a row.
🌪 What if I did not submit a declaration for the previous year(s)? Can I do it?
Yes, you can submit a declaration for previous years. It is important not to delay filing, as fines and interest may be charged for missed years.
🛎 How long do I need to keep checks?
It is recommended to keep receipts and other documents confirming your expenses for at least 6 years, starting from the end of the year in which you submitted the declaration.
⛳Can I carry over donations made during the year to future years?
Yes, you can carry over donations to future years if you didn't use them all to get the tax credit in the current year. This will help you maximize your returns in the future.
⏳ What is the difference between an RRSP and a TFSA?
RRSP (Registered Retirement Savings Plan) is a plan for saving for retirement, contributions to which reduce taxable income in the current year. A TFSA (Tax-Free Savings Account) allows you to save and invest money without paying taxes on future income. Both have their advantages depending on your financial situation.