Frequently Asked Questions

What is the longest fiscal year that a corporation can have?

In addition to reporting my income, what other information would be useful to share with the CRA?

I am a non-resident of Canada and I’d like to draw funds from my RRSP. What is the most tax efficient method?

What are the tax implications for support payments received from a former spouse?

If GST was not collected on taxable products/services at the time of sale, what options do suppliers/purchasers have?

What is a death benefit?

What are the different methods of calculating tax installments?

I moved from the UK to Canada for school. Can I deduct moving expenses?

My partner and I are engaged in a small business together. Do we have to file a Partnership Return?

Can an independent contractor with $0 in sales still claim business expenses?