Well not exactly. Generally speaking if you are a resident in Canada for income tax purposes do not have to file a return with the Canada Revenue Agency (CRA) unless you owe taxes or the CRA asks you to file a return.
Note that if you are new to Canada you are required to pay tax on [...]






2010 Federal Budget Summary
by Tax Guy March 5, 2010The Minister of Finance released the annual federal budget on March 4th, 2010. While the budget did not contain any major programs as it had in the past, there were some important changes that will affect individuals across Canada.
Federal Tax Brackets
The federal tax brackets have changed for 2010 as has the basic personal amount. The [...]