June 30 Tax Deadline is Looming for Non-Residents

An important deadline is approaching for non-residents with certain Canadian-source income. June 30 is the deadline to file elected returns under Section 216 (pertaining to rental income) and Section 217 (pertaining to Canadian source pension income). There may be significant consequences for missing this deadline as returns received after this date, generally aren’t accepted. Here’s what you need to know:

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It is indeed that time of the year: tax season is upon us and there is lots of tax news for those just starting their 2022 T1.  With just under 5 million tax returns already filed by mid March, the average refund is just under $2,200 and the average balance  just under $4,500.  Here’s my top picks for tax tips you need to know to maximize your entitlements:

Be sure to claim the Ontario staycation tax credit on your 2022 tax return because it’s not staying:  the Ontario government announced its demise for future filers last December.  Here’s what you need to know to get it right for 2022:

Taking a Knowledge Bureau certificate course this year?  It will be tax deductible as a training expense if you are self-employed.  But there may also be an opportunity for you to tap into a $1,000 Canada Training Credit if you are claiming the tuition fee credit.  For those who qualified in 2022, the amount was $750.  Here’s what you need to know: