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Forum: Canada

Jan 17th 2017, 7:49 pm

Replies: 25

Tax - how is it paid?

Views: 2,011

Posted By JonboyE

Re: Tax - how is it paid?

The Income Tax Act does not require a person to file a tax return if there is no tax due, except for some special circumstances such as a disposal of a capital asset during the year.

Forum: Canada

Jan 17th 2017, 4:03 pm

Replies: 25

Tax - how is it paid?

Views: 2,011

Posted By JonboyE

Re: Tax - how is it paid?

For Canada? Yes, that is correct. As I said, the tax deducted by the employer is approximate so you must still file a tax return, but there will likely be only a small refund or a small amount...

Forum: Canada

Jan 15th 2017, 3:49 pm

Replies: 25

Tax - how is it paid?

Views: 2,011

Posted By JonboyE

Re: Tax - how is it paid?

Tax will be deducted from your salary. You self-declare your allowances to your employer. The amount deducted is approximate. You must complete a tax return to calculate your final tax liability....

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