How Canadian non-residents can file taxes in 2022 easily?
With tax filing deadlines converging steadily, Tax consultants in Toronto are flooded with various queries. A majority of these queries are from Canadian non-residents about paying taxes.
The calculation of payable tax varies a great deal when it comes to Canadian residents and Canadian non-residents. Now the key aspect here is the definition as per Canadian law which differentiates a Canadian resident from a Canadian non-resident.
Canadian no-residency is an individual classification coined by the Canadian Revenue Agency for tax purposes. According to the Canadian Revenue Agency, individuals who live outside the country customarily or routinely are classified as Canadian non-residents. Some other factors play a crucial role in defining Canadian non-residents as well. For instance, if you do not have significant address proof in Canada and you have lived in the country for less than 183 days in a financial year, you will be considered as a Canadian non-resident.
Now when it comes to tax paying, you must consult Canadian Tax Consulting Service providers for the up-to-date policies. Here is a sketch of the most recent tax filing policies for Canadian non-residents.
How Canadian Non-residents Can Pay Taxes Easily?
If you are categorized as a Canadian non-resident, you are only obliged to pay taxes on the accumulative income you incur from sources in Canada. Usually, this comprises Part XIII tax or Part I tax. In simple words, Part XIII and Part I are deducted from incomes incurred in Canada.
Generally, 30th April is the last date of filing taxes for the respective financial year. However, there is a window of one month’s extension available. If you cannot pay your taxes due to personal reasons within the given timeframe, you have to file the taxes within 15th June at the latest.
Canadian Revenue Agency or CRA is the creditor for paying your taxes. The easiest ways are:
Online Payment:
You can pay your taxes by visiting the official Canadian revenue agency page. You can also opt for online banking for the same.
Via Mail:
You can mail a cheque or a money order to the Canadian Revenue Agency. However, CRA does not receive taxes in the form of gifts, cash, or Cryptocurrency.
Using CRA My Payment:
CRA My Payment is an online service that lets you make payments directly to the CRA (it does not accept credit cards).
You can also use your debit card, credit card, or PayPal card to make the payment. For further clarifications, you can consult the Personal Tax consultancy service in Toronto.
