S 2 Ep 1 – Tax Tips for Newcomers | Paul from Canada Revenue Agency

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Do you still need to file your 2020 income tax return? Do not fear, our expert is here! In this episode, I sit down with Paul Murphy, a Senior Communications Advisor at the Canada Revenue Agency (CRA) to discuss important tax tips that newcomers to Canada should know. Paul breaks down the process of filing your annual income tax return. He shares some definitions of various available benefits, credits and deductions that you can claim as well as which frauds and scams to look out for.

(ad) Get 10% off TurboTax online tax filing software at bit.ly/turbotaxcanada 


You don’t want to miss:

  • What is CRA and what do they do?
  • An explanation of Canada’s income tax system (e.g. Statement of Earnings, T4 Slips, Pay Deductions, Self-assessment principle)
  • When do you become a resident of Canada for income tax purposes?
  • When do you and your partner become common-law for income tax purposes?
  • Which benefits & credits could you apply for? Plus, definitions of the Canada child benefit, GST/HST credit, and Climate Action Incentive.
  • Filing your tax return: Which income tax package to use, how to file your tax return by Internet, and when to send the CRA your tax return.
  • Which deductions could you claim?
  • How to avoid falling prey to frauds and scams.

PLUS, have you been working from home due to the pandemic? Learn how you can claim up to $400 for home office expenses!

Links & Resources:

  • (ad) Save 10% on CRA certified online tax filing software TURBO TAX: bit.ly/turbotaxcanada
  • CRA’s main newcomers to Canada page: HERE 
  • CRA’s webpage on residency status determination: HERE 
  • Form RC151, GST/HST Credit Application for Individuals Who Become Residents of Canada: HERE
  • Canada Child Benefit application: HERE and HERE
  • Full list of certified software for filing electronically: HERE
  • Download my 50 free tips from newcomers to Canada: What they wish they knew before they moved! bit.ly/freetipscanada
  • Follow us on Instagram: @TheNewcomerCollective
  • For more about us and what we do, check out our website: TheNewcomerCollective.com

Don’t forget to join the Newcomer Collective so you don’t miss out on any of our inspiring interviews and valuable ‘life in Canada’ lessons.
And, if you enjoyed this episode, please let us know by leaving a review on your favourite podcast app – Until next week!