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  2. Tax returns in Canada - Wikipedia

    en.wikipedia.org/wiki/Tax_returns_in_Canada

    Tax returns in Canada refer to the obligatory forms that must be submitted to the Canada Revenue Agency (CRA) each financial year for individuals or corporations earning an income in Canada. The return paperwork reports the sum of the previous year's (January to December) taxable income, tax credits, and other information relating to those two ...

  3. Income tax in Canada - Wikipedia

    en.wikipedia.org/wiki/Income_tax_in_Canada

    Canada levies personal income tax on the worldwide income of individual residents in Canada and on certain types of Canadian-source income earned by non-resident individuals. The Income Tax Act, Part I, subparagraph 2(1), states: "An income tax shall be paid, as required by this Act, on the taxable income for each taxation year of every person ...

  4. Taxation in Canada - Wikipedia

    en.wikipedia.org/wiki/Taxation_in_Canada

    If one's income is primarily derived from capital gains then it may not qualify for the 50% multiplier and will instead be taxed at the full income tax rate. [58] [59] CRA has a number of criteria to determine whether this will be the case. For corporations as for individuals, 50% of realized capital gains are taxable.

  5. Canada Revenue Agency - Wikipedia

    en.wikipedia.org/wiki/Canada_Revenue_Agency

    The CRA is the largest organization in the Canadian federal public service by number of personnel, employing 54,933 people and has an operating budget of $5.1 billion [7] as of the 2018–19 fiscal year. The agency's headquarters are based in Ottawa, itself divided into five program branches, which directly support the CRA's core ...

  6. NETFILE - Wikipedia

    en.wikipedia.org/wiki/NETFILE

    The software or Web application produces a .tax file, which must then be uploaded to the CRA independently to constitute a tax filing. NETFILE was introduced in 2001. [1] According to CRA, 26% of total 2014 tax returns were sent by Netfile. [2] To Netfile taxes, users need a certified tax program, which is listed on the CRA website.

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