About Canada

Income Tax

Income Tax

Paying income tax

All residents of Canada are subject to income tax. Income taxes and other deductions are usually taken from your pay cheques by your employer. These income taxes are used by governments to provide services, such as roads, schools and health care.

Canadian residents can benefit in many ways from programs that have been paid for through their income taxes and deductions. These programs include social assistance for people in need, employment insurance for workers who have lost their jobs and worker’s compensation for workers injured on the job.

Filing your tax return

Each year, you must submit an Income Tax and Benefit Return to tell the government how much money you earned and how much tax you paid. If you paid more than you were supposed to, you will get a refund. If you paid less, you will have to pay.

Filing an income tax return is extremely important—in many cases it is not optional. You must file one each year to qualify for various government benefits, such as the Canada Child Tax Benefit and the Goods and Services Tax/Harmonized Sales Tax (GST/HST) Credit.

Finding the proper forms

You can get income tax return forms from any post office or Canada Revenue Agency tax services office.

The Canada Revenue Agency has several publications for newcomers. To find out more information about income tax forms, call 1-800-959-2221.

The deadline for completing your income tax return is April 30 of each year. If you have lived in Quebec during the year, you have to file a separate provincial tax return.

UK tax specialists

Aquila Tax specialises in advising international families, private clients and entrepreneurs in respect of all their UK tax matters.

A key focus of Aquila Tax is on advising internationally mobile individuals as to how they can tax efficiently move from the UK, whilst fully understanding their UK tax obligations. All fees are fixed and agreed in advance, providing full transparency from the outset.

To find out more, contact Nick Coward by email at nc@aquilatax.com or by phone at +44(0)7545 917366. You can also check out their website here.

UK wealth and investment advisors

Vanessa Tye of Chase Buchanan works exclusively with British nationals in Canada, helping them to structure their pensions and investments in the most tax-efficient way whilst complying with regulations.

As a professional wealth adviser with extensive experience in both the UK and Canada, she is uniquely qualified to provide investment advice to British expats as a British expat herself.

To find out more, contact Vanessa Tye by email at vanessa.tye@chasebuchanan.com or by phone at +1 647 849 3184. You can also check out Chase Buchanan's website here.