TAX FREEDOM DAY
Tax Freedom Day is a measure to show the impact of taxation on Canadian families. If Canadians had to pay all of their taxes up front, then they would have to hand over every penny they earned to the government up to that date.
The average Canadian family tax bill about 42.6% of its annual income.
FORMS FOR INDIVIDUALS
Direct Deposit Enrollment: Use this form to request direct deposits of Income Tax Refund, GST/HST credit, CCB and any related provincial and territorial payments.Marital Status Change: Use this form RC65 to tell CRA of a change in your marital status. Marital Status Change
Canada Child Benefits Application: Use this form RC66 to apply for all child benefit programs, including the Canada child tax benefit (CCTB), the goods and services tax/harmonized sales tax (GST/HST) credit, and the universal child care benefit (UCCB).
Determination of residency status (leaving Canada for over 183 days): Complete all areas of this form if you plan to leave or have left Canada, either permanently or temporarily.
Statement of Real Estate Rentals: This form is used by rental property owners to report their rental income and expenses for income tax purposes.
T2200 Declaration of Conditions of Employment: This form must be completed by employers in order for their employees to deduct employment expenses from their income.
T777 Statement of Employment Expenses: Use this form if you are an employee and your employer requires you to pay expenses to earn your employment income. Check Employment Expenses Guide what kind of expenses are deductible.
Authorizing a representative Follow the steps to give your representative access to your tax information.
FORMS FOR BUSINESSES
Statement of Business or Professional Activities: This form is used to report either business or professional income and expenses.
Employee or Self-Employed?: It is important to decide whether a worker is an employee or a self-employed individual.
😊 The income tax forms have been simplified beyond all understanding.