Incorporating Your Business: A Step Towards Stability
Incorporating a business in Canada offers numerous advantages, especially in a changing economic landscape. As […]
The recent victory of Donald Trump in the U.S. presidential election has sent ripples through global markets, particularly for Canadian businesses eyeing expansion into the lucrative U.S. market. With a focus on deregulation, tax reforms, and pro-business policies, the Trump administration presents a unique landscape filled with opportunities for Canadian entrepreneurs and established businesses alike.Economic […]
Well, folks, it looks like the Canadian political stage has just lost one of its leading stars. Chrystia Freeland, our former Minister of Finance and a prominent figure in the Trudeau government, has decided to take her leave just before the much-anticipated announcement of the deficit budget. You know, the kind of budget that sends […]
If you’re a landlord, you must give your tenants RL-31 slips by February 28, 2025. You can prepare them as of now using the Prepare RL-31 slips service in My Account for individuals. You can also use the Prepare and View the RL-31 Slip service. If you used the service in Full Access mode last year, you can simply […]
We’re simplifying things to make source deductions quicker. There’s a new simplified notice of assessment, the payment code is easier to get, and new filing services have been put online. Simplified notice of assessment The notice of assessment now takes into account all facets of a business and will be sent to all businesses, whether […]
The income tax return, guide and forms have been combined into a single package (TP‑1.FG-V). We will send everyone who filed their last return on paper (some exceptions apply) the new package in the mail by February 13, 2023. If you file on paper this year, we’ll mail you a package next year. Need another package? […]
If you’re a taxi business operator or an operator under agreement and have to collect dues, you can now file dues returns online. Use the service under Consumption Taxes in My Account for individuals or My Account for businesses to file returns fast. If you’re a professional representative, the service is in My Account for […]
If you’re a landlord, you can now prepare your RL-31 slips using the Prepare and View the RL-31 slip online service. You have to give the slips to your tenants by February 28, 2023. If you used the service last year, you can simply update the information you provided. You can also prepare your RL-31 […]
As part of the government’s strategy to encourage everyone to use online services, professional representatives with access to PRO Rep + services can now get payment codes or slips in My Account for professional representatives to pay their clients’ consumption taxes, source deductions and employer contributions. As a professional representative, you play a key role in encouraging your […]
If you made securities transactions last year, such as sales of public corporation shares, mutual fund units, bonds or other investments (linked notes, derivative products, etc.), be sure to meet your tax obligations by reporting the transactions in your income tax return. Individuals in business, corporations, partnerships and trusts are also required to report securities transitions […]
If you hold more than ten unclaimed financial assets that you must remit to us under the Unclaimed Property Act, you must use the new online services beginning on April 1, 2023. New services Remit property online Remit unclaimed property using an XML file Make remittance-related payments These services are now available in My Account […]
NetFile Québec will go online on February 20 so that you can file your 2022 income tax return completed using authorized software. Online filing is the easiest option and the one that the vast majority of people use to meet their obligations and get their tax credits and refunds. It’s always best to file your […]
The information on the RL-24 slip (see courtesy translation RL-24-T) is used to claim the tax credit for childcare expenses in the income tax return. Beginning in 2022, if you provide paid childcare services in Québec in the year, you will have to file an RL-24 slip and give a copy to the payer. If […]