want to qualify for some government programs.want to apply for tax credits and benefits.You may be able to access tax credits and benefits, like sales tax credits or support for child care. Why file a returnĮven if you had no income, you should still file your taxes before you turn 19. Subscribe to the Ontario Ministry of Finance’s personal income tax email alerts to stay up-to-date on changes to personal income tax requirements or new or changing tax credits and benefit programs. Find out what’s new on the tax return to see how it affects you. If you are self-employed or filing for someone who has passed away, please see the CRA’s website for filing deadlines. After April 30, penalties and interest start to apply to any outstanding balance owed. The deadline for filing personal income tax returns and paying outstanding income tax is April 30, 2021.
#Canada revenue agency address ottawa how to
Learn how to fill out your return using tax preparation software or on paper. elementary, secondary and post-secondary school scholarships.You do not have to report certain non-taxable amounts as income, including: investments (such as interest, dividends and capital gains).rental income, including renting out a portion of your home.self-generated income (for example, a home business, selling goods or services online, earning tips).You have to report any taxable income you earn inside and outside Canada when you file your tax return. Learn more about how much tax you should pay on each portion of your income. ensure you’ve paid the correct amount of income tax.You may also have to calculate the tax you owe and send a payment to the CRA.Įach year, you should file a tax return with the CRA to: Income tax is commonly taken off your pay by your employer, or off your pension, and sent directly to the CRA. How income tax worksįederal and Ontario income taxes are paid to the Canada Revenue Agency ( CRA), which is part of the federal government. For example, the basic personal amount, a non-refundable tax credit, allows every Canadian resident to earn more than $10,000 each year before any income tax is payable. You can reduce or eliminate the amount of income tax you need to pay by claiming tax credits and certain expenses. The amount you pay is based on how much income you earn in a year. Calculate your Ontario tax credits Income tax basics About income tax