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Tax Tips for Newcomers | Paul from Canada Revenue Agency

Tax Tips for Newcomers | Paul from Canada Revenue Agency

FromThe New to Canada Podcast


Tax Tips for Newcomers | Paul from Canada Revenue Agency

FromThe New to Canada Podcast

ratings:
Length:
30 minutes
Released:
Mar 30, 2021
Format:
Podcast episode

Description

Do you still need to file your 2020 income tax return? Do not fear, our expert is here! In this episode, I sit down with Paul Murphy, a Senior Communications Advisor at the Canada Revenue Agency (CRA) to discuss important tax tips that newcomers to Canada should know. Paul breaks down the process of filing your annual income tax return. He shares some definitions of various available benefits, credits and deductions that you can claim as well as which frauds and scams to look out for. (ad) Get 10% off CRA-approved TurboTax online tax filing software at bit.ly/turbotaxcanada  You don’t want to miss: What is CRA and what do they do? An explanation of Canada's income tax system (e.g. Statement of Earnings, T4 Slips, Pay Deductions, Self-assessment principle) When do you become a resident of Canada for income tax purposes? When do you and your partner become common-law for income tax purposes? Which benefits & credits could you apply for? Plus, definitions of the Canada child benefit, GST/HST credit, and Climate Action Incentive. Filing your tax return: Which income tax package to use, how to file your tax return by Internet, and when to send the CRA your tax return. Which deductions could you claim? How to avoid falling prey to frauds and scams. PLUS, have you been working from home due to the pandemic? Learn how you can claim up to $400 for home office expenses! Links & Resources: (ad) Get 10% off CRA-approved TurboTax online tax filing software at bit.ly/turbotaxcanada  CRA’s main newcomers to Canada page: HERE  CRA’s webpage on residency status determination: HERE  Form RC151, GST/HST Credit Application for Individuals Who Become Residents of Canada: HERE Canada Child Benefit application: HERE and HERE Full list of certified software for filing electronically: HERE Download my 50 free tips from newcomers to Canada: What they wish they knew before they moved! bit.ly/freetipscanada Follow us on Instagram: @TheNewcomerCollective For more about us and what we do, check out our website: TheNewcomerCollective.com Make sure you hit SUBSCRIBE so you don’t miss out on any of our inspiring interviews and valuable ‘life in Canada’ lessons. And, if you enjoyed this episode, please let us know by leaving a review - Until next week!
Released:
Mar 30, 2021
Format:
Podcast episode

Titles in the series (76)

The New to Canada podcast is a place for internationals from around the world to share their honest, real-life experience of moving to Canada. The host, Kate Malcolm, went backpacking solo around South-East Asia in 2016 and met a dashing Canadian... Cue an unexpected move across the world from a crowded English city to a new lake life in rural Ontario! After living and working long-term in 5 different countries, Kate is passionate about helping you adjust to your big move abroad by sharing the lessons she's learnt along the way and introducing you to others who are going through the exact same struggles that you are facing. You are not alone. Let's build a life in Canada that you love! Learn more: TheNewcomerCollective.com Instagram: @TheNewcomerCollective