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Current CRA website

GST/HST and home construction

This information does not apply if you are considered to have made a self-supply. ... Purchasers who forfeited the deposit are considered to have paid the GST/HST. ... If real property is not an element of the combined supply, the combined supply is considered to be a supply of a service only. ...
Old website (cra-arc.gc.ca)

Couriers – Employees or self-employed workers?

Please remember that all facts pertaining to the working relationship need to be considered. ... Can a courier be considered as an employee and a self-employed worker? ... It is possible for a worker to be considered an employee under one contract or agreement while at the same time being considered a self-employed worker under another contract or agreement. ...
Old website (cra-arc.gc.ca)

How contributions affect your RRSP/PRPP deduction limit

What is not considered a RRSP, PRPP, or SPP contribution? Can contributions be made to a deceased individual’s RRSP, PRPP, or SPP? ... You can claim a deduction for: contributions you made to your RRSP, PRPP or SPP contributions you made to your spouse’s or common-law partner’s RRSP or SPP your unused RRSP, PRPP or SPP contributions from a previous year You cannot claim a deduction for: amounts you pay for administration services for an RRSP brokerage fees charged to buy and sell within a trusteed RRSP the interest you paid on money you borrowed to contribute to an RRSP, PRPP, or SPP any capital losses within your RRSP employer contributions to your PRPP What is not considered a RRSP, PRPP, or SPP contribution? The following are not considered to be a RRSP, PRPP, or SPP contribution for the purpose of claiming a deduction on your tax return. ...
Current CRA website

Here’s what you need to know if you’re filing your taxes by paper

Because April 30, 2023 falls on a Sunday, your return will be considered filed on time if the CRA receives it or it is postmarked on or before May 1, 2023. Similarly, your payment will be considered on time if it is received by the CRA or processed at a Canadian financial institution on or before May 1, 2023. ... Have you considered filing online? Did you know that 92% of returns are filed electronically? ...
Current CRA website

You asked, we answered! Here are answers to six more of the top business tax information questions.

The 2023 filing deadline was June 15th, 2024, but with June 15th falling on a Saturday, returns were considered filed on time if received by June 17th. ... (This year, with June 15th falling on a Saturday, returns were considered filed on time if received by June 17th) Corporations: File T2 within six months of your tax year end, with specific due dates depending on the chosen fiscal year Corporation Payments: Depending on the type of corporation, monthly or quarterly instalments are required if the total of Part I, Part VI, Part VI.1, and Part XIII.1 taxes payable exceeds $3,000, with specific due dates based on the tax year GST/HST: Deadlines for filing and payment vary based on the chosen filing period: monthly, quarterly, or annually Note: If your business is a Canadian-controlled private corporation, get ready for the new Canada Carbon Rebate for Small Businesses announced in Budget 2024 by filing your 2023 corporate income tax return no later than July 15, 2024. ... Question 6: What is considered a receipt? When you purchase something for your business, you must keep a record of the expense. ...
Current CRA website

How contributions affect your RRSP deduction limit

How contributions affect your RRSP deduction limit On this page What is your RRSP deduction limit How is your RRSP deduction limit determined Who can contribute to an RRSP, PRPP, or SPP What is the deadline to contribute to an RRSP, PRPP, or SPP for the purpose of claiming a deduction on your 2024 return What if you contribute more than your RRSP deduction limit What RRSP, PRPP, or SPP contributions can you deduct on your income tax and benefit return What is not considered an RRSP, PRPP, or SPP contribution Can contributions be made to a deceased individual’s RRSP, PRPP, or SPP What is your RRSP deduction limit Your registered retirement savings plan (RRSP) deduction limit, is the maximum amount you can deduct from contributions made to your RRSPs, PRPP, SPP and to your spouse’s or common-law partner’s RRSP or SPP for a year. ... For more information, refer to Excess Contributions What RRSP, PRPP, or SPP contributions can you deduct on your income tax and benefit return You can claim a deduction for: contributions you made to your RRSP, PRPP or SPP contributions you made to your spouse’s or common-law partner’s RRSP or SPP your unused RRSP, PRPP or SPP contributions from a previous year You cannot claim a deduction for: amounts you pay for administration services for an RRSP brokerage fees charged to buy and sell within a trusteed RRSP the interest you paid on money you borrowed to contribute to an RRSP, PRPP, or SPP any capital losses within your RRSP employer contributions to your PRPP What is not considered an RRSP, PRPP, or SPP contribution The following are not considered to be an RRSP, PRPP, or SPP contribution for the purpose of claiming a deduction on your tax return. ...
Old website (cra-arc.gc.ca)

Questions and answers about Form T1142

Questions and answers about Form T1142 Are distributions from an offshore mutual fund considered to be received and reportable if they're either re-invested in the same trust or invested in a different mutual fund trust? ... Are distributions from an offshore mutual fund considered to be received and reportable if they're either re-invested in the same trust or invested in a different mutual fund trust? ...
Old website (cra-arc.gc.ca)

GST/HST rebate for foreign representatives, diplomatic missions, consular posts, international organizations, or visiting forces units

GST/HST rebate for foreign representatives, diplomatic missions, consular posts, international organizations, or visiting forces units On this page Find out if you are eligible for the GST/HST rebate for foreign representative or official (reason code 2) Find out if you are eligible for the GST/HST rebate for diplomatic mission, consular post, international organization, or visiting forces units (reason code 3) Determine if you are considered an exception and you are not eligible for the GST/HST rebate How to apply for the GST/HST rebate When to file the GST/HST rebate application What information to include with the GST/HST rebate application and what records to keep Find out if you are eligible for the GST/HST rebate for foreign representative or official (reason code 2) Rebate eligibility is determined by the Department of Foreign Affairs, Trade and Development Canada, which regularly provides the Canada Revenue Agency with an updated list of eligible foreign representatives or officials and their spouses. ... Determine if you are considered an exception and you are not eligible for the GST/HST rebate The GST/HST rebate for foreign representatives and diplomatic missions is not available to: Canadian nationals who form part of the household, or are employed by missions or consulates honourary consular officers service staff private servants How to apply for the GST/HST rebate To apply for the rebate, use Form GST498, GST/HST Rebate Application for Foreign Representatives, Diplomatic Missions, Consular Posts, International Organizations, or Visiting Forces Units. ...
Old website (cra-arc.gc.ca)

Electronic Funds Transfer Reporting

What is considered an international electronic funds transfer? An international electronic funds transfer means the transmission of instructions for the transfer of funds, other than the transfer of funds within Canada. ... They must also report two or more EFTs of less than $10,000 each that are made within 24 consecutive hours by or on behalf of the same individual or entity when they total $10,000 or more, as these are considered to be a single transaction. ...
Current CRA website

GST/HST rebate for foreign representatives, diplomatic missions, consular posts, international organizations, or visiting forces units

GST/HST rebate for foreign representatives, diplomatic missions, consular posts, international organizations, or visiting forces units On this page Find out if you are eligible for the GST/HST rebate for foreign representative or official (reason code 2) Find out if you are eligible for the GST/HST rebate for diplomatic mission, consular post, international organization, or visiting forces units (reason code 3) Determine if you are considered an exception and you are not eligible for the GST/HST rebate How to apply for the GST/HST rebate When to file the GST/HST rebate application What information to include with the GST/HST rebate application and what records to keep Find out if you are eligible for the GST/HST rebate for foreign representative or official (reason code 2) Rebate eligibility is determined by the Department of Foreign Affairs, Trade and Development Canada, which regularly provides the Canada Revenue Agency with an updated list of eligible foreign representatives or officials and their spouses. ... Determine if you are considered an exception and you are not eligible for the GST/HST rebate The GST/HST rebate for foreign representatives and diplomatic missions is not available to: Canadian nationals who form part of the household, or are employed by missions or consulates honourary consular officers service staff private servants How to apply for the GST/HST rebate To apply for the rebate, use Form GST498, GST/HST Rebate Application for Foreign Representatives, Diplomatic Missions, Consular Posts, International Organizations, or Visiting Forces Units. ...

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