We at Eccountant always advise people to file a tax return if they turn 18. Just file a nil return. It’s good to stay off the CRA radar. The following is a list of circumstances which require you to file a tax return
If you have a tax liability you obviously must file
If you have earnings that are subject to CPP contributions payable (i.e. self-employment income) You received a request from the CRA to file your tax return (even if you have no taxes or CPP owing) You withdrew amounts from an RRSP under the Home Buyers Plan or the Lifelong Learning Plan
You sold investments or other capital property (i.e. stocks, real estate, other property) Please feel free to contact us, you can send us an email at info@eccountant.ca or chat with us online at our website. You can also chat with us at our WhatsApp no. 905-581-5412. Keywords:
Eccountant in Canada, bookkeeping and accounting, tax preparation services, tax preparation services near me, accounting services, small business accounting
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