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NETFILE is a transmission service that allows eligible Canadians to submit their personal income tax return to the Canada Revenue Agency using the Internet. Tax returns filed via NETFILE must first be prepared using a NETFILE-certified product.
In the U.S., [1] Canada, [2] and others, the federal and most state or provincial governments, as well as some local governments, require such withholding for income taxes on payments by employers to employees. Income tax for the individual for the year is generally determined upon filing a tax return after the end of the year.
The goods and services tax [1] (GST; French: Taxe sur les produits et services) is a value added tax introduced in Canada on January 1, 1991, by the government of Prime Minister Brian Mulroney. The GST, which is administered by Canada Revenue Agency (CRA), replaced a previous hidden 13.5% manufacturers' sales tax (MST).
Corporations may deduct the cost of capital following capital cost allowance regulations. The Supreme Court of Canada has interpreted the Capital Cost Allowance in a fairly broad manner, allowing deductions on property which was owned for a very brief period of time, [33] and property which is leased back to the vendor from which it originated ...
By 1976, the cost of the cheapest four-function pocket calculator had dropped to a few dollars, about 1/20 of the cost five years before. The results of this were that the pocket calculator was affordable, and that it was now difficult for the manufacturers to make a profit from calculators, leading to many firms dropping out of the business or ...
Its key projects include increasing enrollment in its Affordable Connectivity Program by 84,000 households, distributing 50,000 free or low-cost computer devices, and providing digital skills ...