Canada Tax Obligations for Non-Residents | Non-Resident Tax Filing in Canada | Tax Requirements for Non-Residents in Canada | Canada Tax Tips for Non-Residents | Tax Essentials for Non-Residents in Canada

A Quick Guide for The Non-Residents in Canada over Tax Returns

Are you someone who is seeking some elementary facts regarding the filing of your tax return with this rapidly approaching mid-year 2021? Sit back and just refer to the points that we are discussing below for those who are filing a Canadian tax return for the first time or is confused regarding the process. The very first information that you need to note is the Canadian tax year runs from January 01 to December 31. There are majorly 3 types of taxes that you need to pay and are collected by Canadian Revenue Agency (CRA)-

Income Tax
CPP (Canadian Pension Plan)
EI (Employer Insurance)

A document in the name of T4 is provided by employer to the employees, which elaborates the respective tax summary. This T4 document will outline how much tax has been paid by you. If you do not want to be a part of unwanted hustle and confusion, here are things that you make sure while filing your tax return–

Mention your delivery email address with utmost precision on file for the employer to email your T4.

Make sure you follow the deadlines defined by the government while filing the tax return. For instance, the deadline for filing your tax return for this year (2021) will be in the month of June of the next year (June 2022).

Check with your residency status in Canada. The tax obligations are specifically defined based on your residency status (resident or non-resident).

In case, you are a non-resident, you are expected to accomplish an on paper Canadian tax return as this category is excluded from online tax return filing.

For this, you must collect the T1 tax return form here and signing in.

Make sure to mention any kind of deductions to cut-off your determinate income, hence condensing your tax obligation. These deductions may include eligible transit and healthcare expenses, or rent costs.

You must check based on your province of stay, if you are eligible for the GST/HST credit which depends on the income you earn.

The very important aspect that you need to understand is in case you have overpaid taxes during the year, you have the privilege to claim a refund by ensuring the amount over the tax calculator for Canada.

Tax payment can be a lengthy process. You have to make sure that you follow the instructions carefully to avoid any discrepancy. In next blog, we will discuss the tips on how to make the tax payment easy.