1. Time for filing individual income tax returns: Before April 30th every year, Canadian taxpayers need to file their individual income tax returns for the previous year with the Inland Revenue Department. What needs to be declared is all personal income (including salary income, interest income, dividend income, capital appreciation income and rental income, etc. ). Declare the personal income of the previous year at the same time every year. Canada's individual income tax declaration is based on the calendar year. After the end of each calendar year, the tax bureau requires relevant units or individuals (including banks and employers) to prepare relevant tax declaration documents, and send them to the tax bureau and taxpayers (including T3, T4, T5 and tuition T2202) in February and March. Taxpayers can prepare to declare personal income tax after receiving the relevant information of tax declaration.
2. Time to declare overseas assets: Before April 30th of each year after the second declaration of individual income tax, if you have total assets (including deposits, stocks, creditor's rights, trust investment and real estate) outside Canada, you need to declare overseas assets. Remind everyone that starting from this year, the declaration of overseas assets below 250,000 Canadian dollars will be simplified, and only part A of T 1 135 is needed, while those above 250,000 Canadian dollars need a complete T 1 135. New immigrants do not need to declare overseas assets when filing personal income tax for the first time, mainly because the tax bureau considers that new immigrants have just arrived in Canada and need some time to adapt to the new environment and understand the relevant tax declaration requirements. However, individual income tax should be declared every year after the second declaration. It should be noted that you don't need to pay asset tax to declare overseas assets, just state how many assets you have overseas. You can choose to transfer your assets to Canada at any time. Only when overseas assets are sold can they generate income or increase value can they pay taxes to the government.
3. Time for overseas subsidiaries to declare: Similar to the time for overseas assets declaration, new immigrants do not need to declare for the first time. However, within 15 months after the end of the second year of the tax year, if you own more than 10% of the shares of subsidiaries in countries or regions outside Canada, you need to declare your overseas subsidiaries to the Canadian Taxation Bureau (T 1 134). For example, if you landed in Canada on August 20 13, and the second year of the tax year refers to 20 14, 1 to12,31,the deadline for filing is 25438+05 months after the end of the tax year. However, if the investment cost of the enterprise is less than100000 Canadian dollars, and the enterprise is dormant, the total assets are less than100000 Canadian dollars, or the total annual income is less than 25000 Canadian dollars, there is no need to declare.
4. Time to declare business in Canada: If you do business in Canada, if you are a non-listed company, whether in the form of self-employment, partnership or limited company, you must declare within 90 days from the last day of the company's fiscal year. If the company needs to provide T4, T4A, etc. For employees, the fiscal year must be completed before the end of February.