Canadian Tax
Returns - Personal Tax Return
In Canada, Taxpayer
files return based on residency and not citizenship. This means if the Taxpayer has established
significant residential ties in Canada, then the Taxpayer must file tax return
in Canada. Residential ties include
where your spouse or common-law partner or dependants reside, maintain
principal residence (owned or leased), drivers license, territorial
hospitalization etc.
Canadian citizens are
not required to file an income tax return in Canada if they are living outside
Canada.
Who should
file Canadian Tax Return?
You should file a Canadian Tax Return, if...
- You lived in Canada during the year and have
earned income or sold shares in Canada;
- You received a T4slip or T4A-NR;
- CRA sent you a request to file a return;
- You want to receive Child Tax Benefit;
- You are in receipt of old age security pension
benefits;
- Your spouse is electing to split pension income
for the year;
- You sold real estate in Canada;
- You have not paid back all the amounts withdrawn
from RRSP under the Home Buyer's Plan;
Due Date
Canadian personal tax return must
be filed by April 30 of the following year.
For example, 2009 tax return must be filed on or before April 30,
2010. No extensions are available in
Canada.
Self-Employed Individuals
Individuals with self-employment
income have until June 15 to file the tax return. Even though individuals are granted one and a
half month extension to file their tax return, all the tax liabilities must be
paid by April 30.