faq

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When is my tax return due?

Canadian personal tax returns and related tax payments are due on April 30

* The 2019 return due date has been extended to June 1, 2020.

Tax returns for self-employed persons are due on June 15.

However, any amounts owing are due by April 30.

Refer to the CRA website for other due dates.

Organized Files

How long do I need to keep my records?

The Canada Revenue Agency requires that books and records must be retained for a period of six years from the end of the last tax year they relate to. 

Refer to the CRA website for further information.

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What are the federal tax brackets?

  • 15% on the first $48,535 of taxable income, and

  • 20.5% on the portion of taxable income over $48,535 up to $97,069 and

  • 26% on the portion of taxable income over $97,069 up to $150,473 and

  • 29% on the portion of taxable income over $150,473 up to $214,368 and

  • 33% of taxable income over $214,368

Refer to the CRA website for a full list of income tax rates for individuals.

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What are the provincial tax brackets for Ontario?

  • 5.05% on the first $44,740 of taxable income

  • 9.15% on the next $44,741-$89,482

  • 11.16% on the next $89,483-$150,000

  • 12.16% on the next $150,001-$220,000

  • 13.16 % on the amount over $220,000

Refer to the CRA website for a full list of income tax rates for individuals.

Checklist

What documents are required to file my tax return?

  • Previous year's tax return and notice of assessment

  • Personal information

  • T-slips

  • Other income and expenses

  • Receipts

Use our Tax Checklist to ensure you are not missing any documentation.

Image by Scott Graham

What business expenses can I claim?

  • Only the portion of expenses that directly relates to your business can be deducted. Personal, living, or other expenses not related to the business cannot be deducted for tax purposes.

  • To simplify bookkeeping, use our Categorize Business Expenses list.

Refer to the CRA website for more information on claiming business expenses. 

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How can I submit my documents?

Click here for details on how to submit documentation to us.