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Types of income you should not report on T4 slips Do not file a T4 slip if: construction is your primary source of business income, and you paid amounts to subcontractors for goods and services rendered in connection with construction activities (file a T5018 return) you paid pensions, lump-sum payments, annuities, or other income, including amounts paid to a proprietor or partner of an unincorporated business (file a T4A return) you paid fees (except for director fees), commissions, or other amounts to a non-resident for services rendered in Canada, other than employment situations (file a T4A‑NR return) you provide former employees or retirees with taxable group term life insurance benefits, you must report the benefit on a T4A slip so long as the amount reported is greater than $50 you paid a retiring allowance to a non-resident of Canada (file an NR4 return) you paid amounts from a retirement compensation arrangement (file a T4A‑RCA, Statement of Distributions from a Retirement Compensation Arrangement return) For more information, go to T4A‑RCA return. ...

Individual income tax (self-employment) If you or your spouse or common-law partner have self-employment income (other than from a business whose expenditures are primarily in connection with a tax shelter), your filing-due date is different from your payment due date: Filing-due date – File your income tax return by June 15. ...

These apps are designed to work within a web browser with an active internet connection. ...

Note The taxable benefit included in your income in connection with an employee option agreement is not eligible for the capital gains deduction. ...

These apps are designed to work within a web browser with an active internet connection. ...

However, these sections now appear in the Table of contents for easy access; the statement that folios are only available in electronic format has been moved to the end of the Application section; and the words “as promulgated under the Act” in connection with the Income Tax Regulations have been removed from the Application section, in the interest of using plain language. ...

Brand descriptors Where a brand has been specified by the Minister, certain brand descriptors may be used in connection with that specified brand without requiring a separate approval from the CRA. ...

In particular, available financial account identifiers should be provided where the seller resides in a reportable jurisdiction or an immovable property with respect to which relevant services are being provided by a seller is located in a reportable jurisdiction The name of the holder of the financial account to which the consideration is paid or credited (if different from the name of the seller and if available to the platform operator), along with any other identifying information in respect of that account holder available to the platform operator Activity information Total consideration paid or credited to the seller in the reporting period in respect of relevant activities (broken down by calendar quarter) and the number of such relevant activities What is consideration Consideration is compensation in any form that is paid or credited to a seller in connection with relevant activities, the amount of which is known or reasonably knowable by the platform operator. ...

If in 2022, you or your spouse or common-law partner was self-employed (other than a business whose expenditures are mainly in connection with a tax shelter), you and your spouse or common-law partner have until June 15, 2023, to file your income tax and benefit returns. ...

Skills to develop Identify different types of taxes paid in Canada Describe how different levels of government use taxes to pay for public programs and services Explain the reasons to file a tax return Identify the rights and responsibilities between taxpayers and the Canada Revenue Agency (CRA) Make connections between the development of Canada’s tax system and historic events Background information We enjoy public services and social programs in Canada, like health care and education, and may not think about what makes them possible. ...