,canada ,rev5ue ,ag5cy ,,rc#djgj--,guide = ,canadian ,small ,busi;ses ,9 ,"o ,volume ,pr9t ,pages #c-fj ,brl ,pages ;i-;xi & #a-bcc ,9dex ,brl page ,po9t4 ,click4 ,x's t qk6 """"""""" #b ,ta# ( 3t5ts """""""""""""""""""""""" #c ,h[ ? guide c help y """"""""""""""" #aa ,9t]net a3ess """""""""""""""""""" #ab ,ab ! ,,cra """""""""""""""""""""" #ab ,*apt] #a3 ,sett+ up yr busi;s """"" #ag ,sole proprietor%ip """""""""""""" #ah ,h[ does a sole proprietor pay taxes8 """"""""""""""""""""""" #ai ,"pn]%ip """"""""""""""""""""""""" #bb ,h[ does a "pn]%ip pay taxes8 "" #bc ,corpor,n """""""""""""""""""""""" #bf ,h[ does a corpor,n pay taxes8 #bg ,>e y responsi# = yr corpor,n's debts8 """""""""""" #bh ,! ,busi;s ,numb] 7,,bn7 """"""""" #cj ,yr f/ /ep 6do+ busi;s )! ,,cra """""""""""""""""""""""" #cj ,>e y do+ busi;s 9 ,quebec8 """" #cc ,regi/] = ,,gst/,,hst only """ #cc ,d y ne$ a ,,bn8 """"""""""""""" #cd ;i ,9dex ,keep+ records """"""""""""""""""" #ce ,five r1sons :y keep+ records c b5efit y """"""""""""""""""" #ce ,legal require;ts = keep+ records """""""""""""""""""""" #cg ,:at records %d y keep8 """""""" #ch ,yr records m/ 2 p]man5t """"""" #ci ,:at 9=m,n %d yr records 3ta98 #ci ,reta9+ & de/roy+ records """""" #dj ,! six-ye> require;t """"""""" #dj ,reque/ = e>ly de/ruc;n """""" #da ,br++ assets 96a busi;s """""""""" #db ,fair m>ket value 7,,fmv7 """""" #db ,buy+ an exi/+ busi;s """""""""" #dd ,:y x pays 6plan ah1d """""""""" #dh ,*apt] #b3 ,gds & s]vices tax 7,,gst7 & h>moniz$ sales tax 7,,hst7 """""""""""""""""""""""""" #ec ,:at is ,,gst/,,hst8 """"""""""""" #ec ,types ( gds & s]vices """"""""""" #ed ,on : gds & s]vices d y *>ge ,,gst/,,hst8 """"""""""""""""" #ee ;ii ,9dex ,: gds & s]vices >e tax- exempt8 """""""""""""""""""""" #ef ,regi/]+ = ,,gst/,,hst """"""""""" #ei ,:o regi/]s = ,,gst/,,hst """""" #ei ,small suppli] """"""""""""""""" #ei ,volunt>y regi/r,n """"""""""""" #fb ,h[ 6regi/] = ,,gst/,,hst """""""" #fb ,report+ p]iods """""""""""""""" #fc ,fil+ & remitt+ due dates """" #fe ,annual fil]s """""""""""""""" #ff ,h[ 6collect ,,gst/,,hst on ! taxa# gds & s]vices y provide "" #fh ,prov9cial sales tax """"""""""" #fh ,9=m+ yr cu/om]s """"""""""""""" #fi ,:at 6put on yr 9voices """""""" #fi ,9put tax cr$its 7,,itc's7 """"""" #gc ,h[ 6claim an 9put tax cr$it """ #gf ,simplifi$ a3.t+ me?ods """""""""" #gg ,! ,qk ,me?od """""""""""""""""" #gg ,:o c use x """""""""""""""""" #gh ,h[ ! ,qk ,me?od "ws """"""""" #gi ,! ,simplifi$ ,me?od = claim+ ,,itc's """""""""""""""""""""" #hj ;iii ,9dex ,:o c use x """""""""""""""""" #hj ,h[ ! ,simplifi$ ,me?od "ws "" #ha ,fil+ yr ,,gst/,,hst returns """"" #hb ,h[ 6calculate ! ,,gst/,,hst y [e & file yr return """""""""" #hb ,h[ 6file yr return & remit any am.t [+ """""""""""""""""" #hd ,0mail """"""""""""""""""""""" #hd ,at yr f9ancial 9/itu;n """""" #he ,us+ ,,gst/,,hst ,,netfile & ,,telefile """"""""""""""""" #hf ,us+ ,electronic ,data ,9t]*ange 7,,edi7 """""""""" #hg ,/op fil+ ,,gst/,,hst returns tempor>ily """"""""""""""""""" #hg ,,gst/,,hst ,rul+s """"""""""""" #hh ,*apt] #c3 ,excise taxes1 excise duties & s(twood lumb] products export *>ge """""""""""""""""""""" #ia ,:at >e excise taxes & excise duties8 """""""""""""""""""""""" #ia ,excise taxes """""""""""""""""""" #ia ,excise duties """"""""""""""""""" #ic ;iv ,9dex ,s(twood lumb] products export *>ge """"""""""""""""""""""""""" #id ,*apt] #d3 ,payroll deduc;ns & remitt.es """""""""""""""""""""""" #ii ,d y ne$ 6regi/] =a payroll deduc;ns a3.t8 """""""""""""""" #ajj ,:at 6deduct f yr employees' remun],n """""""""""""""""""""" #aja ,canada ,p5.n ,plan 7,,cpp7/,quebec ,p5.n ,plan 7,,qpp7 """"""""""""""""""""" #ajb ,h[ 6calculate ,,cpp/,,qpp 3tribu;ns """"""""""""""""" #ajc ,types ( employ;t = : y d n deduct ,,cpp premiums """"" #aje ,employ;t ,9sur.e 7;,,ei7 """"" #ajf ,h[ 6calculate ;,,ei premiums """""""""""""""""" #ajf ,types ( employ;t = : y d n deduct ;,,ei premiums """"" #ajg ,9come tax """""""""""""""""""" #ajh ,h[ 6calculate 9come tax deduc;ns """""""""""""""""" #aji ;v ,9dex ,"w]s' -p5s,n """"""""""""""""" #aaj ,h[ 6report payroll deduc;ns """" #aaj ,! ,t#d slip """""""""""""""""" #aaj ,file yr ,t#d 9=m,n return electronic,y """""""""""""""" #aaa ,qu>t]ly remitt.es """""""""""" #aab ,d y h a -put]8 """"""""""""""" #aac ,*apt] #e3 ,9come tax """"""""""""" #aag ,a3.t+ = yr e>n+s """"""""""""""" #aag ,! a3rual me?od """"""""""""""" #aag ,! ca% me?od """""""""""""""""" #aah ,h[ 6keep sales & exp5se j\rnals #aah ,h[ 6record yr busi;s exp5ses """ #aai ,fiscal p]iod """"""""""""""""""" #aai ,9come """""""""""""""""""""""""" #abb ,types ( 9come """""""""""""""" #abb ,:at is busi;s 9come """""""" #abb ,h[ 6a3.t = yr busi;s 9come #abc ,bad debts """""""""""""""""" #abf ,res]ves """""""""""""""""""" #abf ,vac,n trips & aw>ds """""""" #abg ,gov]n;t grants & subsidies #abg ;vi ,9dex ,surface r5tals = petroleum or natural gas explor,n """ #abh ,r5tal 9come """""""""""""""" #abi ,b>t] transac;ns """""""""""" #acj ,sell+ a prop]ty """""""""""" #acj ,9v5tory & co/ ( gds sold """"" #aca ,h[ 6value yr 9v5tory """"""" #acb ,exp5ses """""""""""""""""""""""" #acc ,:at >e busi;s exp5ses """""""" #acd ,runn+ a busi;s f yr home """"" #acd ,types ( op]at+ exp5ses """"""" #ace ,p]sonal or liv+ exp5ses """" #ace ,prepd exp5ses """""""""""""" #acf ,a3.t+ & legal fees """"""""" #acf ,adv]tis+ exp5ses """"""""""" #acg ,busi;s tax1 fees1 lic;es1 & dues """""""""""""""""""""" #ach ,9sur.e exp5ses """"""""""""" #ach ,9t]e/ & bank *>ges """"""""" #aci ,ma9t5.e & repairs """""""""" #adj ,m1ls & 5t]ta9;t """""""""""" #adj ,motor vehicle exp5ses """""" #ada ,:at k9d ( vehicle d y [n8 "" #adb ,h[ 6record motor vehicle ;vii ,9dex exp5ses """"""""""""""""""" #ade ,:at k9d ( vehicle exp5ses c y deduct8 """"""""""""""""" #ade ,jo9t [n]%ip """""""""""""""" #adf ,busi;s use (a motor vehicle #adf ,9t]e/ exp5ses on vehicle loans """"""""""""""""""""" #adh ,vehicle l1s+ exp5ses """"""" #adi ,(fice exp5ses """""""""""""" #adi ,sal>ies1 9clud+ employ]'s 3tribu;ns """"""""""""""""" #aej ,c y deduct busi;s />t-up co/s8 """"""""""""""""""""" #aej ,*apt] #f3 ,audits """""""""""""""" #aee ,:at is an audit8 """"""""""""""" #aee ,h[ we select files 6audit """" #aee ,h[ we 3duct audits """"""""""" #aeg ,delays 9 ! audit1 & h[ 6avoid !m """""""""""""""""""""""""" #aeh ,f9aliz+ an audit """"""""""""" #aei ,*apt] #g3 ,objec;ns & app1ls """"" #afa ,:at 6d if y 4agree )a tax assess;t """""""""""""""""""""" #afa ;viii ,9dex ,! objec;n process """""""""""" #afa ,tax ,c\rt ( ,canada """""""""" #afe ,9=mal proc$ure """"""""""""" #aff ,g5]al proc$ure """"""""""""" #aff ,f$]al ,c\rt ( ,app1l """"""""" #afg ,supreme ,c\rt ( ,canada """""" #afh ,collec;n ( 4put$ am.ts """"""" #afh ,yr "rs1 5title;ts1 & oblig,ns "" #afi ,taxpay] ,relief ,provi.ns """""" #agj ,*apt] #h3 ,at yr s]vice """""""""" #age ,electronic s]vices = busi;ses "" #age ,my ,a3.t """"""""""""""""""""" #agf ,my ,busi;s ,a3.t """"""""""""" #agg ,repres5t a cli5t """"""""""""" #agh ,mak+ onl9e reque/s """"""""""" #agh ,regi/]+ yr busi;s """""""""""" #agi ,fil+ returns """"""""""""""""" #ahj ,file yr p]sonal 9come tax return us+ ,,netfile """""" #ahj ,file yr corpor,n 9come tax return ov] ! ,9t]net """""" #aha ,fil+ yr ,,gst/,,hst returns electronic,y """""""""""""" #ahb ;ix ,9dex ,mak+ electronic pay;ts """"""""" #ahd ,! ,,gst/,,hst ,regi/ry """"""""" #ahd ,electronic mail+ li/s """""""""" #ahe ,gett+ help """"""""""""""""""" #ahe ,bil+ual s]vice """"""""""""""""" #ahg ,tax s]vices (fices """"""""""""" #ahg ,tax c5tres """"""""""""""""""""" #ahh ,! ,9t]n,nal ,tax ,s]vices ,(fice """""""""""""""""""""""" #ahh ,adv.e 9come tax rul+s & 9t]pret,ns """""""""""""""""""" #ahi ,,gst/,,hst rul+s & 9t]pret,ns "" #ahi ,excise duty rul+s & 9t]pret,ns #aij ,help = taxpay]s )a he>+ or visual 4abil;y or spee* 4ord] #aia ,sem9>s1 trade %[s1 & "w%ops """" #aib ,employ] visits program """"""""" #aib ,s]vice ,canada """"""""""""""""" #aic ,sci5tific rese>* & exp]i;tal develop;t 7,,sr&,,ed7 9ve/;t tax cr$it """"""""""""""""""""" #aid ,canada ,busi;s ,s]vice ,c5tres #aid ,-pla9t resolu;n """""""""""""""" #aif ;x ,9dex ,pro#m ,resolu;n ,program """"" #aif ,,cra--,s]vice ,-pla9ts ,program """""""""""""""""""" #aig ,taxpay]s' ,ombudsman """"""""" #aih ,public,ns """""""""""""""""""""" #bjj ,summ>y ( important dates = busi;ses """""""""""""""""""""""" #bjc ,sole proprietor%ips & "pn]%ips #bjc ,corpor,ns """""""""""""""""""""" #bje ,frequ5tly us$ ,web sites = small busi;ses """""""""""""""""""""""" #bjg ,gloss>y ( t]ms """"""""""""""""""" #bac ;xi ,transcrib]'s note3 7,front cov]7 ,canada ,rev5ue ,ag5cy ,guide = ,canadian ,small ,busi;ses ,,rc#djgj7,e7 ,rev4 #jh ,transcrib]'s note3 7,9side front cov]7 ,! su3ess ( small busi;ses is an ess5tial "p ( ,canada's economic gr[?4 ,at ! ,canada ,rev5ue ,ag5cy 7,,cra71 \r goal is 6provide all ! support we c4 ,we "w closely ) small busi;ses 6improve s]vices1 reduce pap]"w burd5 &! co/ & "t ( -pli.e1 & ma9ta9 3fid;e 9 ,canada's tax sy/em4 ,if y h a visual impair;t1 y c get \r public,ns & yr p]sonaliz$ correspond;e 9 brl1 l>ge pr9t1 or etext 7;,,cd or diskette71 or on audio cassette or #a ,,mp#c4 ,= details1 visit \r ,web site at _+www.cra.gc.ca/alternate_: or call #a-hjj-iei-bbba4 ,po9t4 ,click4 ,x's t qk6 ,t's all x takes 6get tax 9=m,n :5 y ne$ x4 ,visit _+www.cra.gc.ca_: td & f9d \ h[ easy manag+ yr taxes c be4 ,! ,canada ,rev5ue ,ag5cy 7,,cra7 wants 6decr1se ! dem& = pap]4 ,! a3essibil;y (! ,9t]net 3t9ues 69cr1se4 ,9 ! future1 we 5c\rage y 6view ? guide on \r ,web site at _+www.cra.gc.ca/_e/pub/tg/_>rc4070_:1 & pr9t ! "ps y ne$4 ,? guide uses pla9 language 6expla9 ! mo/ -mon situ,ns4 ,we regul>ly revise \r public,ns 6take 96a3.t *anges 9 ! law4 #b ,ta# ( 3t5ts #c ,page ,h[ ? guide c help y """""""""""""""" #e ,9t]net a3ess """"""""""""""""""""" #e ,ab ! ,,cra """"""""""""""""""""""" #e ,*apt] #a3 ,sett+ up yr busi;s """""" #g ,sole proprietor%ip """"""""""""""" #g ,h[ does a sole proprietor pay taxes8 """""""""""""""""""""""" #g ,"pn]%ip """""""""""""""""""""""""" #h ,h[ does a "pn]%ip pay taxes8 """ #h ,corpor,n """"""""""""""""""""""""" #i ,h[ does a corpor,n pay taxes8 "" #i ,>e y responsi# = yr corpor,n's debts8 """"""""""""" #i ,! ,busi;s ,numb] 7,,bn7 """"""""" #aj ,yr f/ /ep 6do+ busi;s )! ,,cra """""""""""""""""""""""" #aj ,>e y do+ busi;s 9 ,quebec8 """" #aa ,d y ne$ a ,,bn8 """"""""""""""" #aa ,keep+ records """"""""""""""""""" #aa ,five r1sons :y keep+ records c b5efit y """"""""""""""""""" #aa #c ,ta# ( 3t5ts a#c ,legal require;ts = keep+ records """""""""""""""""""""" #ab ,reta9+ & de/roy+ records """""" #ab ,br++ assets 96a busi;s """""""""" #ac ,fair m>ket value """""""""""""" #ac ,buy+ an exi/+ busi;s """""""""" #ac ,:y x pays 6plan ah1d """""""""" #ad ,*apt] #b3 ,gds & s]vices tax 7,,gst7 & h>moniz$ sales tax 7,,hst7 """""""""""""""""""""""""" #af ,:at is ,,gst/,,hst """""""""""""" #af ,types ( gds & s]vices """"""""""" #af ,on : gds & s]vices d y *>ge ,,gst/,,hst8 """"""""""""""""" #af ,: gds & s]vices >e tax- exempt8 """""""""""""""""""""" #ag ,regi/]+ = ,,gst/,,hst """"""""""" #ag ,:o regi/]s = ,,gst/,,hst """""" #ag ,small suppli] """"""""""""""""" #ag ,volunt>y regi/r,n """"""""""""" #ah ,h[ 6regi/] = ,,gst/,,hst """""" #ah ,report+ p]iods """""""""""""""" #ah #d ,ta# ( 3t5ts b#c ,h[ 6collect ,,gst/,,hst on ! taxa# gds & s]vices y provide "" #ai ,prov9cial sales tax """"""""""" #ai ,9=m+ yr cu/om]s """"""""""""""" #ai ,:at 6put on yr 9voices """""""" #bj ,9put tax cr$its 7,,itc's7 """"""" #bj ,h[ 6claim an 9put tax cr$it """ #ba ,simplifi$ a3.t+ me?ods """""""""" #ba ,! ,qk ,me?od """""""""""""""""" #ba ,! ,simplifi$ ,me?od = claim+ ,,itc's """""""""""""""""""""" #bb ,fil+ yr ,,gst/,,hst returns #bb ,h[ 6calculate ! ,,gst/,,hst y [e & file yr return """""""""" #bb ,h[ 6file yr return & remit any am.t [+ """""""""""""""""" #bc ,/op fil+ ,,gst/,,hst returns tempor>ily """"""""""""""""""" #bc ,,gst/,,hst ,rul+s """"""""""""""" #bd ,*apt] #c3 ,excise taxes1 excise duties & s(twood lumb] products export *>ge """""""""""""""""""""" #be #e ,ta# ( 3t5ts c#c ,:at >e excise taxes & excise duties8 """""""""""""""""""""""" #be ,excise taxes """""""""""""""""" #be ,excise duties """"""""""""""""" #be ,s(twood lumb] products export *>ge """"""""""""""""""""""""""" #be ,*apt] #d3 ,payroll deduc;ns & remitt.es """""""""""""""""""""""" #bg ,d y ne$ 6regi/] =a payroll deduc;ns a3.t8 """"""""""""""""" #bg ,:at 6deduct f yr employees' remun],n """"""""""""""""""""""" #bg ,canada ,p5.n ,plan 7,,cpp7/,quebec ,p5.n ,plan 7,,qpp7 """""""""""""""""""""" #bg ,employ;t ,9sur.e """""""""""""" #bh ,9come tax """"""""""""""""""""" #bi ,"w]s' -p5s,n """""""""""""""""" #bi ,h[ 6report payroll deduc;ns """"" #bi ,! ,t#d slip """"""""""""""""""" #bi ,file yr ,t#d 9=m,n return electronic,y """"""""""""""""" #cj ,qu>t]ly remitt.es """"""""""""" #cj #f ,ta# ( 3t5ts d#c ,d y h a -put]8 """""""""""""""" #cj ,*apt] #e3 ,9come tax """""""""""""" #cb ,a3.t+ = yr e>n+s """""""""""""""" #cb ,! a3rual me?od """""""""""""""" #cb ,! ca% me?od """"""""""""""""""" #cb ,h[ 6keep sales & exp5se j\rnals """""""""""""""""""""" #cb ,h[ 6record yr busi;s exp5ses "" #cb ,fiscal p]iod """""""""""""""""""" #cb ,9come """"""""""""""""""""""""""" #cc ,types ( 9come """"""""""""""""" #cc ,9v5tory & co/ ( gds sold """""" #ce --------------------------------------#d ,exp5ses """"""""""""""""""""""""" #cf ,:at >e busi;s exp5ses """"""""" #cf ,runn+ a busi;s f yr home """""" #cf ,types ( op]at+ exp5ses """""""" #cf ,*apt] #f3 ,audits """"""""""""""""" #da ,:at is an audit8 """""""""""""""" #da ,h[ we select files 6audit """"" #da ,h[ we 3duct audits """""""""""" #da ,delays 9 ! audit1 & h[ 6avoid !m """"""""""""""""""""""""""" #db #g ,ta# ( 3t5ts a#d ,f9aliz+ an audit """""""""""""" #db ,*apt] #g3 ,objec;ns & app1ls """""" #dc ,:at 6d if y 4agree )a tax assess;t """"""""""""""""""""""" #dc ,! objec;n process """"""""""""" #dc ,tax ,c\rt ( ,canada """"""""""" #dd ,f$]al ,c\rt ( ,app1l """""""""" #dd ,supreme ,c\rt ( ,canada """"""" #dd ,collec;n ( 4put$ am.ts """""""" #dd ,yr "rs1 5title;ts1 & oblig,ns """ #de ,taxpay] relief provi.ns """"""""" #de ,*apt] #h3 ,at yr s]vice """"""""""" #dg ,electronic s]vices = busi;ses """ #dg ,my ,a3.t """""""""""""""""""""" #dg ,my ,busi;s ,a3.t """""""""""""" #dg ,repres5t a cli5t """""""""""""" #dg ,mak+ onl9e reque/s """""""""""" #dg ,regi/]+ yr busi;s """"""""""""" #dh ,fil+ returns """""""""""""""""" #dh ,mak+ electronic pay;t """"""""" #di ,! ,,gst/,,hst ,regi/ry """""""" #di ,electronic mail+ li/s """"""""" #di ,gett+ help """""""""""""""""""" #di #h ,ta# ( 3t5ts b#d ,bil+ual s]vice """""""""""""""""" #ej ,tax s]vices (fices """""""""""""" #ej ,tax c5tres """""""""""""""""""""" #ej ,! ,9t]n,nal ,tax ,s]vices ,(fice """"""""""""""""""""""""" #ej ,adv.e 9come tax rul+s & 9t]pret,ns """"""""""""""""""""" #ej ,,gst/,,hst rul+s & 9t]pret,ns """ #ej ,excise duty rul+s & 9t]pret,n """ #ej ,help = taxpay]s )a he>+ or visual 4abil;y or spee* 4ord] "" #ea ,sem9>s1 trade %[s1 & "w%ops """"" #ea ,employ] visits program """""""""" #ea ,s]vice ,canada """""""""""""""""" #ea ,sci5tific rese>* & exp]i;tal develop;t 7,,sr&,,ed7 9ve/;t tax cr$it """""""""""""""""""""" #ea ,canada ,busi;s ,s]vice ,c5tres "" #ea ,-pla9t resolu;n """"""""""""""""" #eb ,pro#m ,resolu;n ,program """""" #eb ,,cra--,s]vice ,-pla9ts ,program """"""""""""""""""""" #eb ,taxpay]s' ,ombudsman """""""""" #eb #i ,ta# ( 3t5ts c#d ,public,ns """"""""""""""""""""""" #ec ,summ>y ( important dates = busi;ses """"""""""""""""""""""""" #ed ,frequ5tly us$ ,web sites = small busi;ses """"""""""""""""""""""""" #ee ,gloss>y ( t]ms """""""""""""""""""" #ef #aj ,h[ ? guide c help y #e ,>e y />t+ a new small busi;s 9 ,canada8 ,>e y op]at+ "o alr8 ,!n ? guide is = y4 ,x w 9troduce y 6! ,canada ,rev5ue ,ag5cy 7,,cra7 programs y ne$ 6"k ab1 & give an ov]view ( yr oblig,ns & 5title;ts "u ! laws t we adm9i/]4 ,_m activities (a small busi;s >e subject 6di6]5t =ms ( tax,n4 ,? guide w help y ) ea* ( ^!1 & w expla9 h[ 6plan = taxes1 keep records1 & make & report pay;ts4 ,x w al expla9 ! di6]5t k9ds ( busi;s /ructures1 ,,gst/,,hst1 excise taxes & excise duties & products export *>ge1 payroll deduc;ns1 9come tax report+ & pay;t1 h[ 6prep>e =& h&le an audit1 objec;ns & app1ls & electronic s]vices4 ,taxes c "s"ts 2 di6icult & -plex4 ,9 s* cases1 we w ref] y 6m detail$ public,ns--all free ( *>ge4 ,if y >e n famili> ) "s (! t]ms us$ 9 ? guide1 ref] 6! ,gloss>y ( ,t]ms : />ts on page #ef4 #aa ,9t]net a3ess a#e ,y c get copies (! guides & =ms m5;n$ 9 ? public,n 0visit+ \r ,web site at _+www.cra.gc.ca/forms_: or 0call+ \r ,=ms l9e at #a-hjj-iei-bbba4 ,a li/ ( frequ5tly us$ ,web sites is 9clud$ 9 ? guide = a4i;nal 9=m,n4 ,if1 af r1d+ ? guide1 y ne$ m 9=m,n ab busi;ses or profes.nal activities1 call \r ,busi;s ,5quiries l9e at #a-hjj-iei-eebe4 ,= m g5]al 9=m,n on />t+ a busi;s1 see ! ,gov]n;t ( ,canada ,web site ,busi;s ,/>t-,up ,assi/ant at _+www.canadabusiness.ca_: ": y w f9d 9=m,n f ! f$]al1 prov9cial1 & t]ritorial gov]n;ts1 z well z _m o!r s\rces4 ,ab ! ,,cra ,! ,,cra is ! f$]al gov]n;t ag5cy responsi# = adm9i/]+ tax laws =! ,gov]n;t ( ,canada &= mo/ prov9ces & t]ritories1 adm9i/]+ t>i6s1 & #ab ,h[ ? guide c help y b#e deliv]+ v>i\s social & economical b5efit & 9c5tive programs "? ! tax sy/em4 ,we collect f$]al1 prov9cial1 & t]ritorial 9dividual 9come taxes 7except 9 ,quebec74 ,we al adm9i/] & collect gds & s]vices tax/h>moniz$ sales tax 7,,gst/,,hst7 7except 9 ,quebec71 ! ,air ,travell]s ,secur;y ,*>ge1 ! ,s(twood ,lumb] ,products ,export ,*>ge1 ,canada ,p5.n ,plan 3tribu;ns1 ,employ;t ,9sur.e premiums1 excise duties on alcohol & toba3o products1 excise taxes on gasol9e & fuel-9e6ici5t vehicles1 &a tax on 9sur.e premiums 7o!r ?an m>9e74 ,we al adm9i/] f$]al1 prov9cial1 & t]ritorial corporate 9come taxes = all prov9ces except ,alb]ta1 ,ont>io1 & ,quebec4 ,z ( ,janu>y #a1 #bjji1 we w al adm9i/] corporate 9come taxes = ,ont>io4 ,! ,,cra al adm9i/]s ,canada's 9t]n,nal tax agree;ts ) o!r c.tries4 ,we "!=e h a key role 9 help+ ,canadian #ac ,h[ ? guide c help y c#e busi;s & 9du/ry -pete 9 _w m>kets 05sur+ !y h a fair 5viron;t 9 : 6trade4 ,we >e -mitt$ 6help+ small busi;ses 9 ,canada4 ,we recognize t1 z 5trepr5eurs1 y >e v busy mak+ yr busi;s pr(ita#4 ,y may n alw h ! "t1 exp]tise1 or 9cl9,n 6d x all yrf4 ,9 "s circum/.es1 y probably 3sult ) profes.nals1 s* z lawy]s1 a3.tants1 or cu/oms brok]s1 6help y ) yr busi;s4 ,:ile ^! 9dividuals >e profes.nals & w help y1 y >e ! "o :o is ultimately responsi# =! ac;ns ( yr busi;s4 ,y ne$ 6/ay 9=m$ s t y c "w 9 "pn]%ip )! profes.nals y hire &)! ,,cra4 --------------------------------------#f ,! legislative au?or;y = ^! responsibilities >e id5tifi$ 9 !3 --,9come ,tax ,act 7,canada72 --,9come ,tax ,act 7prov9cial & t]ritorial72 --,excise ,tax ,act2 --,excise ,act2 --,excise ,act1 #bjja2 #ad ,h[ ? guide c help y a#f --,air ,travell]s ,secur;y ,*>ge ,act2 --,s(twood ,lumb] ,products ,export ,*>ge ,act1 #bjjf4 ,al? we adm9i/] ! tax laws t ,p>lia;t has pass$1 ! ,de"p;t ( ,f9.e ,canada plans ! ,gov]n;t ( ,canada's fiscal & tax policy4 ,:5 ! ,m9i/] ( ,f9.e 9troduces a new budget1 x 9cludes propos$ am5d;ts 6exi/+ legisl,n4 ,! ,de"p;t ( ,f9.e ,canada !n issues budget docu;ts 6expla9 ! r1sons 2h ! *anges 6! legisl,n4 ,! am5d;ts 2come law af ,p>lia;t debates1 approves1 & gives !m ,royal ,ass5t4 #ae #af ,*apt] #a3 ,sett+ up yr busi;s #g ,= 9come tax purposes1 a busi;s is an activ;y t y 9t5d 6c>ry on = pr(it & "! is evid;e 6support t 9t5;n4 ,a busi;s 9cludes3 --a profes.n2 --a call+2 --a trade2 --a manufacture2 --an "utak+ ( any k9d2 & --an adv5ture or 3c]n 9 ! nature ( trade 7= m details1 see ,9t]pret,n ,bullet9 ,,it-#dei1 ,adv5ture or ,3c]n 9 ! ,nature ( ,trade74 ,"! >e ?ree types ( busi;s /ructure3 sole proprietor%ip1 "pn]%ip1 & corpor,n4 ,! type ( /ructure y *oose has a significant e6ect on ! way y report yr 9come1 ! type ( returns y -plete ea* ye>1 & _m o!r matt]s4 ,"o ( yr mo/ important 3c]ns w 2 yr liabil;y = busi;s debts4 #ag ,sole proprietor%ip a#g ,a sole proprietor%ip is an un9corporat$ busi;s t is [n$ 0"o p]son4 ,x is ! simple/ k9d ( busi;s /ructure4 ,! [n] (a sole proprietor%ip has sole responsibil;y = mak+ deci.ns1 rcvs all ! pr(its1 claims all losses1 & does n h sep>ate legal /atus f ! busi;s4 ,if y >e a sole proprietor1 y pay p]sonal 9come tax on all rev5ue g5]at$ 0yr busi;s4 ,y al assume all ! risks (! busi;s4 ,! risks ext5d ev5 6yr p]sonal prop]ty & assets4 ,z a sole proprietor1 y h 6regi/] =! gds & s]vices tax/h>moniz$ sales tax 7,,gst/,,hst7 if yr _wwide annual taxa# rev5ues >e m ?an 4#cj1jjj4 ,if y op]ate m ?an "o busi;s & y h legal [n]%ip ( ea*1 x is yr responsibil;y 6regi/] !m = ,,gst/,,hst4 ,"o regi/r,n w cov] all ( yr busi;ses4 ,x is easy 6set up a sole proprietor%ip4 ,simply op]ate z an 9dividual or z a regi/]$1 #ah ,*apt] #a b#g un9corporat$ busi;s4 ,if y op]ate z an 9dividual1 j bill yr cu/om]s or cli5ts 9 yr [n "n4 ,if y op]ate "u a regi/]$ busi;s "n1 bill yr cli5ts & cu/om]s 9 ! busi;s's "n4 ,if yr busi;s has a "n o!r ?an yr [n1 y w ne$ a sep>ate bank a3.t 6process *eques paya# 6yr busi;s4 ,h[ does a sole proprietor pay taxes8 ,a sole proprietor pays taxes 0report+ 9come 7or loss7 on a p]sonal 9come tax & b5efit return 7,t#a74 ,! 9come 7or loss7 =ms "p (! sole proprietor's ov]all 9come =! ye>4 ,if y >e a sole proprietor1 y m/ file a p]sonal 9come tax & b5efit return if y3 --h 6pay tax =! ye>2 --4pos$ (a capital prop]ty or _h a taxa# capital ga9 9 ! ye>2 -->e requir$ 6make ,canada ,p5.n ,plan/,quebec ,p5.n ,plan #ai ,*apt] #a c#g 7,,cpp/,,qpp7 pay;ts on self- employ$ e>n+s or p5.na# e>n+s =! ye>2 or --rcvd a dem& f u 6file a return4 ,if y >e claim+ an 9come tax refund1 a refunda# tax cr$it1 a ,,gst/,,hst cr$it1 or ! ,canada ,* ,tax ,b5efit1 y al ne$ 6file a return4 ,y may al 2 5titl$ 6rcv prov9cial tax cr$its4 ,! li/ abv does n 9clude e situ,n ": y may 2 requir$ 6file4 ,if y >e n sure :e!r y h 6file1 call u at #a-hjj-iei-eebe4 --------------------------------------#h ,note ,z a sole proprietor1 y may h 6pay yr 9come tax 09/al;ts4 ,y may al ne$ 6make 9/al;t pay;ts = ,,cpp 3tribu;ns on yr [n 9come4 ,rememb] 6budget = ^! pay;ts4 ,= m 9=m,n1 see ,pamphlet ,p#aaj1 ,pay+ ,yr ,9come ,tax 0,9/al;ts4 #bj ,*apt] #a a#h ,:5 y file yr 9come tax & b5efit return1 y m/ 9clude f9ancial /ate;ts or "o or m (! foll[+ =ms1 z applica#3 --,=m ,t#babd1 ,/ate;t ( ,busi;s ,activities2 --,=m ,t#bjcb1 ,/ate;t ( ,profes.nal ,activities 7= #bjjh & future ye>s1 ,=ms ,t#babd & ,t#bjcb w 2 -b9$ 96,=m ,t#babe1 ,/ate;t ( ,busi;s or ,profes.nal ,activities72 --,=m ,t#bjdb1 ,/ate;t ( ,f>m+ ,activities2 --,=m ,t#aafc1 ,/ate;t ;,a-- ,agri,/abil;y & ,agri,9ve/ ,programs ,9=m,n & ,/ate;t ( ,f>m+ ,activities = ,9dividuals2 --,=m ,t#aafd1 ,/ate;t ;,b-- ,agri,/abil;y & ,agri,9ve/ ,programs ,9=m,n & ,/ate;t ( ,f>m+ ,activities = ,a4i;nal ,f>m+ ,op],ns2 --,=m ,t#abgc1 ,/ate;t ;,a-- ,h>moniz$ ,agri,/abil;y & #ba ,*apt] #a b#h ,agri,9ve/ ,programs ,9=m,n & ,/ate;t ( ,f>m+ ,activities = ,9dividuals2 --,=m ,t#abgd1 ,/ate;t ;,b-- ,h>moniz$ ,agri,/abil;y & ,agri,9ve/ ,programs ,9=m,n & ,/ate;t ( ,f>m+ ,activities = ,a4i;nal ,f>m+ ,op],ns2 & --,=m ,t#baba1 ,/ate;t ( ,fi%+ ,activities4 ,we w al a3ept a -put]-g5]at$ v].n (! applica# =m4 ,= ,,gst/,,hst1 sole proprietors h report+ p]iods = : !y h 6file a return4 ,= m 9=m,n1 see 8,report+ p]iods0 on page #ah4 ,"pn]%ip ,a "pn]%ip is an associ,n or rel,n%ip 2t two or m 9dividuals1 corpor,ns1 tru/s1 or "pn]%ips t jo9 tgr 6c>ry on a trade or busi;s4 #bb ,*apt] #a c#h ,ea* "pn] 3tributes m"oy1 lab\r1 prop]ty1 or skills 6! "pn]%ip4 ,9 return1 ea* "pn] is 5titl$ 6a %>e (! pr(its or losses 9 ! busi;s4 ,! busi;s pr(its 7or losses7 >e usu,y divid$ am;g ! "pn]s bas$ on ! "pn]%ip agree;t4 ,l a sole proprietor%ip1 a "pn]%ip is easy 6=m4 ,9 fact1 a simple v]bal agree;t is 5 6=m a "pn]%ip4 ,h["e1 if m"oy & prop]ty >e at /ake1 we recomm5d t y h a writt5 agree;t4 ,! "pn]%ip is b.d 0! ac;ns ( any memb] (! "pn]%ip1 z l;g z ^! >e )9 ! usual scope (! op],ns4 ,h[ does a "pn]%ip pay taxes8 ,a "pn]%ip 0xf does n pay 9come tax on xs op]at+ results & does n file an annual 9come tax return4 ,9/1d1 ea* "pn] 9cludes a %>e (! "pn]%ip 9come 7or loss7 on a p]sonal1 corporate1 or tru/ 9come tax return4 ,y d ? :e!r or n y actu,y #bc ,*apt] #a d#h rcvd yr %>e 9 m"oy or 9 cr$it 6yr "pn]%ip's capital a3.t4 ,ea* "pn] al has 6file ei f9ancial /ate;ts or "o (! =ms ref]r$ 6in ! sec;n on sole proprietor%ip or a -put]-g5]at$ v].n ( "o ( ^! =ms3 --,=m ,t#babd1 ,/ate;t ( ,busi;s ,activities2 --,=m ,t#bjcb1 ,/ate;t ( ,profes.nal ,activities 7= #bjjh & future ye>s1 ,=ms ,t#babd & ,t#bjcb w 2 -b9$ 96,=m ,t#babe1 ,/ate;t ( ,busi;s or ,profes.nal ,activities72 --,=m ,t#bjdb1 ,/ate;t ( ,f>m+ ,activities2 --,=m ,t#baba1 ,/ate;t ( ,fi%+ ,activities2 --,=m ,t#aafc1 ,/ate;t ;,a-- ,agri,/abil;y & ,agri,9ve/ ,programs ,9=m,n & ,/ate;t ( ,f>m+ ,activities = ,9dividuals2 #bd ,*apt] #a #i --,=m ,t#aafd1 ,/ate;t ;,b-- ,agri,/abil;y & ,agri,9ve/ ,programs ,9=m,n & ,/ate;t ( ,f>m+ ,activities = ,a4i;nal ,f>m+ ,op],ns2 --,=m ,t#abgc1 ,/ate;t ;,a-- ,h>moniz$ ,agri,/abil;y & ,agri,9ve/ ,programs ,9=m,n & ,/ate;t ( ,f>m+ ,activities = ,9dividuals2 & --,=m ,t#abgd1 ,/ate;t ;,b-- ,h>moniz$ ,agri,/abil;y & ,agri,9ve/ ,programs ,9=m,n & ,/ate;t ( ,f>m+ ,activities = ,a4i;nal ,f>m+ ,op],ns4 ,a "pn]%ip has 6file a "pn]%ip 9=m,n return if1 "?\t ! fiscal p]iod1 x has six or m memb]s or if "o ( xs memb]s is a memb] ( ano!r "pn]%ip4 ,= m 9=m,n1 see ,guide ,t#djfh1 ,guide =! ,t#ejac ,"pn]%ip ,9=m,n ,return1 & ,9=m,n ,circul> ,,ic-#hi-e1 ,"pn]%ip ,9=m,n ,return1 & xs ,special ,rel1se4 #be ,*apt] #a a#i ,= ,,gst/,,hst purposes1 a "pn]%ip is 3sid]$ 6be a sep>ate p]son & m/ file a ,,gst/,,hst return & remit tax ": applica#4 ,corpor,n ,a corpor,n is a sep>ate legal 5t;y4 ,x c 5t] 963tracts & [n prop]ty 9 xs [n "n1 sep>ately & 4t9ctly f xs [n]s4 ,a corpor,n may h "s (! foll[+ f1tures3 --,x is a sep>ate legal 5t;y )a p]petual exi/;e4 --,x c g5],y raise l>g] am.ts ( capital m easily ?an a sole proprietor%ip or "pn]%ip4 --,! %>ehold]s _c claim any loss ! corpor,n su/a9s4 ,:5 =m+ a corpor,n1 ! [n]s transf] m"oy1 prop]ty1 or s]vices 6! corpor,n 9 ex*ange = %>es4 ,! [n]s >e ref]r$ 6z %>ehold]s4 #bf ,*apt] #a b#i ,y c buy & sell %>es 9 a corpor,n )\t a6ect+ ! corpor,n's exi/;e4 ,a corpor,n 3t9ues 6exi/ un.s x w9ds up1 amalgamates1 or surr5d]s xs *>t] = r1sons s* z bankruptcy4 ,s9ce a corpor,n has a sep>ate legal exi/;e1 x has 6pay tax on xs 9come1 & "!=e m/ file xs [n 9come tax return4 ,x m/ al regi/] = ,,gst/,,hst if xs taxa# _wwide annual rev5ues 79clud+ ^? ( associates7 >e m ?an 4#cj1jjj4 ,y set up a corpor,n 0-plet+ >ticles ( 9corpor,n & fil+ !m )! appropriate prov9cial1 t]ritorial1 or f$]al au?orities4 ,h[ does a corpor,n pay taxes8 ,a corpor,n m/ file a corpor,n 9come tax return 7,t#b7 )9 six mon?s (! 5d ( e tax ye>1 ev5 if x does n [e taxes4 ,x al has 6atta* -plete f9ancial /ate;ts &! nec s*$ules 6! ,t#b return4 ,a corpor,n usu,y pays xs taxes 9 mon?ly #bg ,*apt] #a c#i 9/al;ts4 ,= m details on 9/al;t pay;ts &! fil+ require;ts = corpor,ns1 see ,guide ,t#djab1 ,t#b ,corpor,n--,9come ,tax ,guide4 ,= ,,gst/,,hst1 corpor,ns h report+ p]iods = : !y h 6file a return4 ,= m 9=m,n on report+ p]iods1 see 8,report+ p]iods0 on page #ah4 ,! tax ye> =a corpor,n is xs fiscal p]iod4 ,= m 9=m,n on fiscal p]iods1 see 8,fiscal p]iod0 on page #cb4 ,= m details1 visit \r ,web site at _+www.cra.gc.ca/t2return_:4 ,>e y responsi# = yr corpor,n's debts8 ,z a %>ehold] ( yr corpor,n1 y h limit$ liabil;y4 ,9 ! /rict s5se1 ? m1ns y &! o!r %>ehold]s >e n responsi# =! corpor,n's debts4 -------------------------------------#aj ,h["e1 limit$ liabil;y may n alw protect y f cr$itors4 ,= example1 #bh ,*apt] #a a#aj if a small]1 m closely held corpor,n wants 6borr[ m"oy f a bank or o!r cr$itor1 ! cr$itor may ask =! %>ehold]'s gu>antee t ! debt w 2 repd4 ,if y agree 6? 3di;n1 y w 2 p]son,y lia# = t debt if ! corpor,n does n pay x back4 ,? applies 6taxes [+ z well4 ,if yr corpor,n [es taxes1 & y h p]son,y gu>ante$ any loan on 2half ( yr corpor,n1 we w claim ! am.t (! taxes [+ up 6! limit (! loan gu>antee4 ,directors may al 2 lia# 6pay am.ts [$ 0! corpor,n if x has fail$ 6deduct1 )hold1 remit or pay am.ts z requir$ 0! ,9come ,tax ,act1 ,employ;t ,9sur.e ,act1 ,canada ,p5.n ,plan1 ,excise ,act1 #bjja1 & ,excise ,tax ,act4 ,= m 9=m,n on director's liabil;y1 see ,9=m,n ,circul> ,,ic-#hi-b;,r#b1 ,directors' ,liabil;y--,sec;n #bbg.a (! ,9come ,tax ,act & ,sec;n #cbc (! ,excise ,tax ,act & ,subsec;n #bie7#a7 (! ,excise ,act1 #bjja4 ,y c f9d ? #bi ,*apt] #a b#aj docu;t on \r ,web site at _+www.cra.gc.ca/_e/pub/tp/ic89-2r2_:4 ,! ,busi;s ,numb] 7,,bn7 ,yr f/ /ep 6do+ busi;s )! ,,cra ,:5 y regi/] =a busi;s1 we assign y a .,busi;s .,numb] 7,,bn74 ,! ,,bn is a numb]+ sy/em t simplifies & /r1ml9es ! way busi;ses d1l ) u4 ,x is bas$ on ! idea ( 8"o busi;s1 "o numb]04 ,? helps busi;ses reduce co/s & 2 m -petitive4 ,x al 9cr1ses gov]n;t e6ici5cy4 ,y get yr ,,bn ! f/ "t y regi/] 6d busi;s ) u4 ,ev5tu,y1 busi;ses w 2 a# 6use _! ,,bn = o!r gov]n;t programs4 ,! ,,bn 3si/s ( two "ps3 ! regi/r,n numb] &! a3.t id5tifi]4 ,! f\r major ,canada ,rev5ue ,ag5cy 7,,cra7 busi;s a3.ts &! .a3.t .id5tifi]s >e z foll[s3 #cj ,*apt] #a c#aj --,,rt--,,gst/,,hst --,,rp--payroll deduc;ns --,,rc--corporate 9come tax --,,rm--import/export ,! ,,bn has #ae digits3 --#i numb]s 6id5tify ! busi;s2 --#b lrs =! type ( a3.t2 & --#d numb]s =! a3.t ref];e4 ,= example1 yr ,,bn miio1 ,nova ,scotia1 & ,briti% ,columbia programs4 ,if ! busi;s's mail+ a4ress is 9 ,quebec1 we w (f] ! op;n 6be direct$ 6! ,rev5u ,quebec ,web site at _+www.revenu.gouv.qc.ca/eng/services/_& sgp__inscription/index.asp_:4 ,note ,n all busi;ses require a ,,bn1 s x is important t y review ! 9=m,n = ea* type ( a3.t 2f regi/]+4 ,visit \r ,web site at _+www.cra.gc.ca/bn_: or 3tact u at #a-hjj-iei-eebe if y want 6f9d \ ab ! o!r types ( a3.ts & regi/] = !m4 #cb ,>e y do+ busi;s 9 ,quebec8 #aa ,= busi;ses physic,y locat$ 9 ,quebec1 y w h 6regi/] yr ,,gst/,,hst a3.ts ) ,rev5u ,quebec4 ,6regi/] yr payroll1 import-export1 or corporate 9come tax a3.ts1 y m/ / 3tact ! ,,cra4 ,regi/] = ,,gst/,,hst only ,if y plan 6regi/] only = ,,gst/,,hst 9 ,quebec1 y d n ne$ 6regi/] =a ,,bn ) u4 ,= m 9=m,n or 6regi/]1 visit ,rev5u ,quebec's ,web site at _+www.revenu.gouv.qc.ca/eng/services/_& sgp__inscription/index.asp_: or 3tact ,rev5u ,quebec3 ,rev5u ,qu@ebec #chjj1 rue de ,m>ly ,/e-,foy ,,qc ,g#a;,x #d;,a#e ,teleph"o3 #a-hjj-efg-dfib ,\tside ,canada3 #a-dah-fei-dfib #cc ,d y ne$ a ,,bn8 a#aa ,if y ne$ at l1/ "o (! f\r ,,cra busi;s a3.ts li/$ on page #aj1 y w ne$ a ,,bn4 ,h["e1 2f y regi/] =! ,,bn1 y ne$ 6"k a few ?+s ab ! busi;s y plan 6op]ate4 ,= 9/.e1 y %d "k ! "n (! busi;s1 xs loc,n1 xs legal /ructure 7sole proprietor%ip1 "pn]%ip1 or corpor,n71 & xs fiscal ye>- 5d4 ,y %d al h "s idea ( :at ! sales ( yr busi;s w be4 ,)\t ? 9=m,n1 y w n 2 a# 6-plete ,=m ,,rc#a1 ,reque/ =a ,busi;s ,numb]4 ,note ,if y >e a sole proprietor or a "pn] 9 a "pn]%ip1 y w 3t9ue 6use yr social 9sur.e numb] 7,,sin7 6file yr 9dividual 9come tax & b5efit return1 ev5 ?\< y may h a ,,bn = yr ,,gst/,,hst1 payroll deduc;ns1 & import/export a3.ts4 #cd ,*apt] #a b#aa ,= m 9=m,n on ! ,,bn1 visit \r ,web site at _+www.cra.gc.ca/bn_:1 see ,pamphlet ,,rc#b1 ,! ,busi;s ,numb] & ,yr ,canada ,rev5ue ,ag5cy ,a3.ts1 or call u at #a-hjj-iei-eebe4 ,keep+ records ,five r1sons :y keep+ records c b5efit y #a4 ,gd records c help y id5tify ! s\rces ( yr 9come4 ,y may rcv ca% or prop]ty f _m di6]5t places4 ,if y d n h records %[+ yr 9come s\rces1 y may n 2 a# 6prove t "s s\rces >e non-busi;s or non-taxa#4 #b4 ,well-kept records c m1n tax sav+s4 ,gd records s]ve z a rem9d] ( deducti# exp5ses & 9put tax cr$its4 ,if y d n record yr transac;ns1 y may =get "s ( yr exp5ses or #ce ,*apt] #a c#aa 9put tax cr$its :5 y prep>e yr 9come tax or ,,gst/,,hst returns4 ,= m 9=m,n on 9put tax cr$its1 see page #bj4 #c4 ,well-kept records c prev5t mo/ (! pro#ms y mie s 9complete t auditors _c det]m9e yr 9come f !m1 ! auditors w h 6use o!r me?ods 6e/abli% yr 9come4 ,? w co/ y "t4 ,if yr records d n support yr claims1 !y cd 2 4all[$4 #d4 ,yr records w keep y bett] 9=m$ ab ! f9ancial posi;n ( yr busi;s4 ,y ne$ gd records 6e/abli% yr pr(it or loss1 &! value ( yr busi;s4 ,9=m,n f gd records c al tell y :at is happ5+ 9 yr busi;s & :y4 ,! su3ess;l use ( records c %[ y tr5ds 9 yr busi;s1 let y -p>e p]=m.e 9 di6]5t ye>s1 & help y prep>e budgets & =eca/s4 #cf ,*apt] #a #ab #e4 ,prop] records may help y get loans f banks & o!r cr$itors4 ,cr$itors ne$ a3urate 9=m,n ab yr curr5t f9ancial posi;n 2f !y give y a loan4 ,y _c give !m ? 9=m,n if y d n keep organiz$ records4 ,al1 gd records %[ pot5tial cr$itors t y "k :at is go+ on ) yr busi;s4 ,legal require;ts = keep+ records ,all records s* z pap] docu;ts1 z well z ^? /or$ 9 an electronic m$ium 7s* z on -put] disk71 m/ 2 kept 9 ,canada or made availa# 9 ,canada at \r reque/4 ,! records m/ 2 9 ,5gli% or ,fr5*4 ,td1 _m k9ds ( records >e kept 9 electronic =mats4 ,= m 9=m,n on keep+ ^! types ( records1 visit \r ,web site at _+www.cra.gc.ca/records_:1 or see ,guide ,,rc#ddji1 ,keep+ ,records4 ,y c keep ^! docu;ts \tside ,canada if y get writt5 p]mis.n f u4 #cg ,:at records %d y keep8 a#ab ,make sure y keep ord]ly records ( all 9come y rcv4 ,al1 keep all receipts1 9voices1 v\*]s1 & c.ell$ *eques 9dicat+ \tlays ( m"oy4 ,s* \tlays 9clude3 --sal>ies & wages2 --op]at+ exp5ses s* z r5t1 adv]tis+1 & capital exp5ditures2 & --miscellane\s items s* z *>ita# don,ns4 ,if y import gds 96,canada1 yr records m/ sub/antiate ! price y pd = import$ gds & li/ _! orig9 & descrip;n4 ,!y m/ al 9clude any docu;t,n ab ! report+1 rel1se1 & a3.t+ (! gds1 z well z ! pay;t ( duties & taxes4 ,y %d keep ^! records at yr place ( busi;s or resid;e 9 ,canada 7un.s y get writt5 p]mis.n f u 6keep !m else":74 ,y h 6make !m availa# 6u if y >e ask$ 6d s4 #ch ,yr records m/ 2 p]man5t b#ab ,:i*"e a3.t+ or record-keep+ me?od y use1 yr records m/ 2 p]man5t4 ,!y m/ 3ta9 a sy/ematic a3.t ( yr 9come1 deduc;ns1 cr$its1 & o!r 9=m,n y ne$ 6report on yr 9come tax & ,,gst/,,hst returns4 ,:at 9=m,n %d yr records 3ta98 ,x is n h>d 6keep records t meet ! require;ts (! law4 ,h["e1 sket*y or 9complete records t use approximates 9/1d ( exact am.ts >e n a3epta#4 ,yr records m/3 --all[ y 6det]m9e h[ m* tax y [e1 or ! tax1 duties1 or o!r am.ts 6be collect$1 )held1 or deduct$1 or any refund or rebate y may claim2 & --be support$ 0v\*]s or o!r nec s\rce docu;ts4 ,if y d n keep yr receipts or o!r v\*]s 6support yr exp5ses or claims1 & "! is #ci ,*apt] #a c#ab no o!r evid;e availa#1 we may reduce ! exp5ses or claims y h made4 ,reta9+ & de/roy+ records ,! six-ye> require;t ,y m/ reta9 records 7o!r ?an c]ta9 docu;ts = : "! >e special rules7 = six ye>s f ! 5d (! la/ tax ye> 6: !y relate = 9come tax1 = six ye>s f ! 5d (! ye> 6: !y relate = ,,gst/,,hst & excise duty purposes1 or = six ye>s af ! gds >e import$ or export$4 ,if y fil$ yr 9come tax return late1 keep yr records & support+ docu;ts = six ye>s f ! date y fil$ ! late return4 ,! m9imum p]iod = keep+ records is usu,y m1sur$ f ! la/ ye> y us$ ! records1 n ! ye> ! transac;n o3urr$ or ! record 0 cr1t$4 ,y h 6keep e record nec = d1l+ ) an objec;n or app1l until x is #dj ,*apt] #a d#ab resolv$ &! "t = fil+ any fur!r app1l has expir$1 or until ! six-ye> p]iod m5;n$ abv has expir$1 :i*"e is lat]4 -------------------------------------#ac ,reque/ = e>ly de/ruc;n ,if y want 6de/roy yr records 2f ! six ye>s >e up1 y m/ apply 9 writ+ 6! director (! tax s]vices (fice 9 yr >ea 6obta9 writt5 p]mis.n f ! ,canada ,rev5ue ,ag5cy4 ,6d ?1 ei use ,=m ,t#acg1 ,reque/ = ,de/ruc;n ( ,records1 or prep>e yr [n writt5 reque/4 ,9 a4i;n 6\r require;ts1 "! >e o!r f$]al1 prov9cial1 & municipal laws t require y 6keep records4 ,we h no au?or;y 6approve de/ruc;n ( records t ^! o!r laws require y 6keep4 ,= m 9=m,n1 see ,guide ,,rc#ddji1 ,keep+ ,records1 & ,9=m,n ,circul> ,,ic-#gh-aj1 ,books & ,records ,ret5;n/,de/ruc;n4 #da ,br++ assets 96a busi;s a#ac ,"! may 2 ,,gst/,,hst implic,ns :5 y transf] assets f "o busi;s /ructure 6ano!r4 ,pl1se 3tact yr tax s]vices (fice = m 9=m,n on ! ,,gst/,,hst /atus ( yr "picul> situ,n4 ,fair m>ket value 7,,fmv7 ,y may f9d yrf 9 a situ,n ": y wd l 6take assets t 2l;g 6y p]son,y & transf] !m 6yr busi;s4 ,if y >e op]at+ a sole proprietor%ip1 ? is a r1sonably simple process4 ,! ,9come ,tax ,act requires t y transf] ^! assets 6! busi;s at _! fair m>ket value 7,,fmv74 ,? m1ns t we 3sid] y 6h sold ^! assets at a price equal 6_! ,,fmv at t "t4 ,if ! ,,fmv at ! "t (! transf] 6! busi;s is grt] ?an yr orig9al pur*ase price1 y m/ report ! di6];e z a capital ga9 on yr 9come tax & b5efit return4 ,y may al 2 a# 6claim a ,,gst/,,hst 9put tax cr$it bas$ on ! basic tax #db ,*apt] #a b#ac 3t5t (! assets y transf] 6yr busi;s4 ,= m 9=m,n on .basic .tax .3t5t1 visit \r ,web site at _+www.cra.gc.ca/gsthst_: or call u at #a-hjj-iei-eebe4 ,yr busi;s w %[ a pur*ase ( ^! assets1 )a co/ equal 6! ,,fmv at ! "t (! transf]4 ,? is ! value t y w add 6! capital co/ all[.e s*$ule = 9come tax purposes4 ,= 9come tax purposes1 :5 y transf] ! prop]ty 6a ,canadian "pn]%ip or a ,canadian corpor,n1 y may transf] ! prop]ty 6! "pn]%ip or ! corpor,n = an .elect$ .am.t4 ,? am.t may 2 di6]5t f ! ,,fmv1 z l;g z y meet c]ta9 3di;ns4 ,! elect$ am.t !n 2comes yr proce$s =! prop]ty transf]r$1 z well z ! co/ (! prop]ty 6! corpor,n or "pn]%ip4 ,! rules reg>d+ ^! transf]s ( prop]ty >e te*nical 9 nature4 ,!y all[ y 6*ange yr busi;s type f a sole proprietor%ip 6a corpor,n or "pn]%ip1 or f a "pn]%ip 6a corpor,n1 on a tax-free basis4 ,= m 9=m,n1 see ,9t]pret,n ,bullet9 #dc ,*apt] #a c#ac ,,it-#bia1 ,transf] ( ,prop]ty 6a ,corpor,n ,"u ,subsec;n #he7#a71 ,9=m,n ,circul> ,,ic-#gf-ai1 ,transf] ( ,prop]ty 6a ,corpor,n ,"u ,sec;n #he1 & ,9t]pret,n ,bullet9 ,,it-#dac1 ,elec;n 0,memb]s (a ,"pn]%ip ,"u ,subsec;n #ig7#b74 ,buy+ an exi/+ busi;s ,:5 y >e 3sid]+ 2com+ a busi;s [n]1 y w f9d t y h ! op;n ( ei ..buy+ an exi/+ .busi;s or ../>t+ up a new .busi;s4 ,! op;n y *oose w h a significant e6ect on h[ y a3.t =! pur*ase (! busi;s assets = 9come tax purposes4 ,:5 y buy an exi/+ busi;s1 y g5],y pay a set am.t =! 5tire busi;s4 ,9 "s cases1 ! sale agree;t sets \ a price = ea* asset1 a value =! 9v5tory (! -pany1 & if applica#1 an am.t t y c attribute 6gdwill4 ,if ! 9dividual asset prices >e set \ 9 ! sale agree;t1 &! prices >e #dd ,*apt] #a d#ac r1sona#1 !n y %d use ^! prices 6claim capital co/ all[.e4 -------------------------------------#ad ,if ! 9dividual asset prices >e n set \ 9 ! 3tract1 y h 6det]m9e h[ m* (! pur*ase price y %d attribute 6ea* asset1 h[ m* 69v5tory1 & h[ m*1 if any1 6gdwill4 ,^! am.ts %d co9cide )! am.ts ! v5dor det]m9$ :5 report+ ! sale4 ,! am.t y allocate 6ea* asset %d 2 ! ,,fmv (! asset4 ,y %d allocate 6gdwill ! bal.e (! pur*ase price t rema9s af y allocate ! ,,fmv 6ea* asset & 69v5tory4 ,example ,y pur*ase a busi;s =a total pur*ase price ( 4#dhj1jjj4 ,! ,,fmv (! net id5tifia# assets (! busi;s is z foll[s3 #de ,*apt] #a a#ad ,a3.ts receiva# """"""""""""" 4#hj1jjj ,9v5tory """""""""""""""""""" 4#dj1jjj ,l& """""""""""""""""""""""" 4#abj1jjj ,build+ """""""""""""""""""" 4#bjj1jjj ,total net id5tifia# assets 4#ddj1jjj ,y c det]m9e ! value (! gdwill 0subtract+ ! total value (! net id5tifia# assets f ! pur*ase price3 ,pur*ase price """"""""""""" 4#dhj1jjj .,m9us net id5tifia# assets 4#ddj1jjj ,am.t attribut$ 6gdwill """"" 4#dj1jjj ,once y h det]m9$ ! values =! assets &! gdwill1 add ! fix$ assets 7s* z build+s & equip;t7 96! appropriate classes =! purpose ( claim+ ! capital co/ all[.e4 ,! gdwill is 3sid]$ 6be an .eligi# .capital .exp5diture1 : is tr1t$ 9 a mann] simil> 6assets eligi# = capital co/ all[.e4 ,tr1t ! value (! 9v5tory z a pur*ase ( gds = resale1 & 9clude x 9 ! co/ ( #df ,*apt] #a b#ad gds sold 9 yr 9come /ate;t at ! 5d (! ye>4 ,= ,,gst/,,hst purposes1 if y buy a busi;s or "p (a busi;s & acquire all or sub/anti,y all (! prop]ty t c r1sonably 2 reg>d$ z nec 6c>ry on ! busi;s1 y &! v5dor may 2 a# 6jo9tly elect 6h no ,,gst/,,hst paya# on ! sale 0-plet+ ,=m ,,gst#dd1 ,elec;n ,3c]n+ ! ,acquisi;n (a ,busi;s or ,"p (a ,busi;s4 ,y _c use ? elec;n if ! sell] is a regi/rant b ! buy] is n a regi/rant4 ,9 a4i;n1 y m/ buy all or sub/anti,y all (! prop]ty1 & n only 9dividual assets4 ,=! elec;n 6apply 6! sale1 y h 6be a# 63t9ue 6op]ate ! busi;s )! prop]ty acquir$ "u ! sale agree;t4 ,y h 6file ,=m ,,gst#dd1 on or 2f ! "d y h 6file ! ,,gst/,,hst return =! f/ report+ p]iod 9 : y wd h o!rwise _h 6pay ,,gst/,,hst on ! pur*ase4 ,ev5 :5 y use ! elec;n1 ,,gst/,,hst w / apply 6a taxa# supply (a s]vice #dg ,*apt] #a c#ad made 0! sell]2 a taxa# supply ( prop]ty made 0way ( l1se1 lic;e1 or simil> >range;t2 &1 ": ! pur*as] is n a regi/rant1 a taxa# sale ( r1l prop]ty4 ,ano!r way ( buy+ an exi/+ busi;s is 6buy ! %>es ( an 9corporat$ busi;s4 ,? does n a6ect ! co/ base (! assets (! busi;s4 ,z expla9$ previ\sly1 a corpor,n is a sep>ate legal 5t;y & c [n prop]ty 9 xs [n "n4 ,a *ange 9 ! [n]%ip (! %>es w n a6ect ! tax values (! assets ! corpor,n [ns4 ,= ,,gst/,,hst purposes1 ! pur*ase ( %>es (a corpor,n is g5],y n subject 6,,gst/,,hst4 ,= m 9=m,n1 visit \r ,web site at _+www.cra.gc.ca/tax/business/topics/_& life-events_:4 ,:y x pays 6plan ah1d ,9 3sid]+ :5 6regi/] = yr ,,bn1 keep s"eal ?+s 9 m9d4 ,rememb] yr legal oblig,ns4 ,= example1 y 2come a regi/rant :o m/ #dh ,*apt] #a d#ad regi/] = ,,gst/,,hst :5 yr taxa# _wwide rev5ues 79clud+ ^? ( yr associates7 exce$ 4#cj1jjj ov] f\r 3secutive cal5d> qu>t]s1 or 9 "o cal5d> qu>t]4 ,? ?re%old is 4#ej1jjj if y >e a public s]vice body 7s* z a *>;y1 non-pr(it organiz,n1 municipal;y1 univ]s;y1 public -------------------------------------#ae college1 s*ool au?or;y1 or hospital au?or;y74 ,= m details on ^! ?re%olds1 see 8,small suppli]0 on page #ag ( ? guide4 ,if y ?9k yr sales w exce$ 4#cj1jjj 7or 4#ej1jjj if y >e a public s]vice body71 x is probably wise 6regi/] =! ,,gst/,,hst soon] r ?an lat]4 ,rememb]1 regi/]+ =! ,,gst/,,hst is ! same z regi/]+ =! ,,bn4 ,regi/]+ e>ly gives y c]ta9 advantages1 s* z ! "r 6claim ! ,,gst/,,hst y pay on yr busi;s's />t-up exp5ses f ! "t y regi/]4 ,= m 9=m,n1 see 8,9put tax cr$its0 on page #bj 9 ! *apt] on ,,gst/,,hst4 ,al see 8,c y deduct busi;s />t-up co/s80 on page #dj4 #di ,*apt] #a a#ae ,if y 9t5d 6import gds 96,canada1 y %d op5 an import/export a3.t 2f y import ! gds4 ,? w avoid delays at ! port ( 5try4 ,y %d op5 a payroll deduc;ns a3.t z soon z y "k :5 y w h employees4 ,? a3.t w all[ y 6make regul> payroll deduc;ns = yr employees & make remitt.es on "t4 ,= 9=m,n on h[ 6make payroll deduc;ns1 see 8,*apt] #d3 ,payroll deduc;ns & remitt.es0 on #bg4 ,if y decide 69corporate1 y w ne$ a ,,bn 6pay yr corporate 9come taxes & 6make 9/al;t pay;ts 6yr corporate a3.t4 ,= m 9=m,n --,t#djfh1 ,guide =! ,t#ejac ,"pn]%ip ,9=m,n ,return --,t#djab1 ,t#b ,corpor,n--,9come ,tax ,guide --,9=m,n ,circul> ,,ic-#gh-aj1 ,books & ,records ,ret5;n/,de/ruc;n --,9t]pret,n ,bullet9 ,,it-#bia1 ,transf] ( ,prop]ty 6a ,corpor,n ,"u ,subsec;n #he7#a7 #ej ,*apt] #a b#ae --,9=m,n ,circul> ,,ic-#gf-ai1 ,transf] ( ,prop]ty 6a ,corpor,n ,"u ,sec;n #he --,9t]pret,n ,bullet9 ,,it-#dac1 ,elec;n 0,memb]s (a ,"pn]%ip ,"u ,subsec;n #ig7#b7 --,=m ,,gst#dd1 ,elec;n ,3c]n+ ! ,acquisi;n (a ,busi;s or ,"p (a ,busi;s --,pamphlet ,,rc#b1 ,! ,busi;s ,numb] & ,yr ,canada ,rev5ue ,ag5cy ,a3.ts --,=m ,,rc#a1 ,reque/ =a ,busi;s ,numb] 7,,bn7 --,busi;s ,regi/r,n ,onl9e & ,9t]net reque/ =a busi;s numb] _+www.businessregistration.gc.ca_: --,web sites _+www.cra.gc.ca_: _+www.cra.gc.ca/t2return_: _+www.cra.gc.ca/bn_: ,rev5u ,qu@ebec _+www.revenu.gouv.qc.ca_: #ea ,*apt] #a c#ae ,busi;s ,/>t-,up ,assi/ant _+www.canadabusiness.ca_: #eb ,*apt] #b3 ,gds & s]vices #af tax 7,,gst7 & h>moniz$ sales tax 7,,hst7 ,:at is ,,gst/,,hst8 ,gds & s]vices tax 7,,gst7 is a tax t applies at a rate ( #e@3p 6! supply ( mo/ gds & s]vices 9 ,canada4 ,?ree "picipat+ prov9ces 7,nova ,scotia1 ,new ,brunswick1 & ,newf.dl& & ,labrador7 h>moniz$ _! prov9cial sales tax 7,,pst7 ) ,,gst 6cr1te ! h>moniz$ sales tax 7,,hst74 ,,hst applies 6! same gds & s]vices z ,,gst1 b at a rate ( #ac@3p4 ,( ?1 #e@3p is ! f$]al "p & #h@3p is ! prov9cial "p4 ,al? ! 3sum] ultimately pays ,,gst/,,hst1 g5],y busi;ses >e responsi# = collect+ & remitt+ x 6! gov]n;t4 ,busi;ses t m/ regi/] or t regi/] volunt>ily = ,,gst/,,hst >e call$ .regi/rants4 ,g5],y1 regi/rants collect ,,gst/,,hst on _! taxa# .supplies1 & pay #ec ,*apt] #b a#af ,,gst/,,hst on taxa# pur*ases !y make 6op]ate ! busi;s4 ,regi/rants c g5],y claim a cr$it1 call$ an .9put .tax .cr$it 7,,itc71 6recov] ! ,,gst/,,hst !y pd or [e on ! pur*ases !y use1 3sume or supply 9 _! -m]cial activities4 ,:5 !y -plete _! ,,gst/,,hst return1 !y deduct ! am.t (! cr$it f ! ,,gst/,,hst !y collect$4 ,if !y pay m ?an !y collect1 !y c claim a refund4 ,! t]m .-m]cial .activ;y g5],y m1ns any busi;s1 adv5ture1 or 3c]n 9 ! nature ( trade c>ri$ on 0c]ta9 p]sons1 except :5 mak+ exempt supplies4 ..,taxa# gds & .s]vices m1ns gds & s]vices taxa# at #j@3p 7z]o-rat$71 #e@3p or #ac@3p4 ,types ( gds & s]vices ,"! >e ?ree types ( gds & s]vices = ,,gst/,,hst purposes3 --gds & s]vices taxa# at #e@3p or #ac@3p2 #ed ,*apt] #b b#af --gds & s]vices taxa# at #j@3p 7z]o- rat$72 & --exempt gds & s]vices4 ,on : gds & s]vices d y *>ge ,,gst/,,hst8 ,z a ,,gst/,,hst regi/rant1 y *>ge #e@3p ,,gst or #ac@3p ,,hst on ! taxa# gds & s]vices 7o!r ?an z]o-rat$7 y sell1 l1se1 transf]1 or provide 9 "s o!r way4 ,y c g5],y claim an ,,itc 6recov] ! ,,gst/,,hst y pd or [e on pur*ases1 exp5ses & imports y use1 3sume1 or supply 9 yr -m]cial activities4 ,examples ( gds & s]vices taxa# at .#e@3p or .#ac@3p 9clude3 --comm]cial r1l prop]ty & newly 3/ruct$ resid5tial prop]ty2 --r5tals ( -m]cial r1l prop]ty2 --clo?+ & footwe>2 --c> repairs2 & --hotel a3ommod,n4 #ee ,*apt] #b c#af ,a limit$ numb] ( supplies ( gds & s]vices >e taxa# at ! rate ( #j@3p4 ,!y >e ref]r$ 6z .z]o-rat$ .supplies4 ,y d n *>ge tax on ^! supplies1 b y >e / a# 6claim an ,,itc 6recov] ! ,,gst/,,hst y pd or [e on pur*ases made 6provide !m4 ,examples ( .z]o-rat$ gds & s]vices 9clude3 --basic groc]ies s* z milk1 br1d1 & vegeta#s2 --mo/ f>m live/ock2 --m$ical devices s* z he>+ aids & >tificial tee?2 --prescrip;n drugs & drug 4p5s+ fees2 & --exports 7mo/ gds & s]vices taxa# at #e@3p or #ac@3p 9 ,canada >e z]o-rat$ :5 export$74 -------------------------------------#ag ,: gds & s]vices >e tax- exempt8 ,"s gds & s]vices >e n subject 6,,gst/,,hst4 ,!y >e .tax-exempt4 #ef ,*apt] #b a#ag ,y d n collect ,,gst/,,hst on ^! gds or s]vices4 ,y _c claim an ,,itc 6recov] ! ,,gst/,,hst y pay or [e on pur*ases & exp5ses relat+ 6s* supplies4 ,y _c regi/] = ,,gst/,,hst if y >e sell+ or provid+ .only tax-exempt gds & s]vices4 .,tax-exempt gds & s]vices 9clude3 --sales ( mo/ us$ resid5tial h\s+2 --mo/ resid5tial r5ts ( "o mon? or m & resid5tial 3dom9ium fees2 --mo/ h1l?1 m$ical1 & d5tal s]vices t >e p]=m$ 0lic5s$ physicians or d5ti/s = m$ical r1sons2 --"d-c>e s]vices provid$ = less ?an #bd h\rs p] "d prim>ily 6*n #ad ye>s ( age & "y]2 --bridge1 road1 & f]ry tolls 7f]ry tolls >e z]o-rat$ if ! s]vice is 6or f a place \tside ,canada72 --legal aid s]vices2 --_m $uc,nal s]vices s* z ^? c\rses suppli$ 0a voc,nal s*ool t l1d 6a c]tificate or diploma & all[ #eg ,*apt] #b b#ag ! practice (a trade or a voc,n1 or tutor+ s]vices made 6an 9dividual 9 a c\rse t foll[s a curriculum designat$ 0a s*ool au?or;y2 --mo/ s]vices provid$ 0f9ancial 9/itu;ns s* z l5d+ m"oy or op]at+ deposit a3.ts2 -->rang+ =& issu+ 9sur.e policies 09sur.e -panies1 ag5ts1 & brok]s2 --mo/ gds & s]vices provid$ 0*>ities2 --c]ta9 gds & s]vices provid$ 0non- pr(it organiz,ns1 gov]n;ts1 & o!r public-sector organiz,ns s* z municipal transit s]vices & /&>d resid5tial s]vices s* z wat] 4tribu;n2 & --music lessons4 #eh ,regi/]+ = ,,gst/,,hst c#ag ,:o regi/]s = ,,gst/,,hst ,y h 6regi/] = ,,gst/,,hst if3 --y provide taxa# gds & s]vices 9 ,canada2 .& --y >e n a small suppli]4 ,6f9d \ if y >e a small suppli]1 see ! next sec;n4 ,y d n h 6regi/] if yr only -m]cial activ;y is ! sale ( r1l prop]ty o!rwise ?an 9 ! c\rse (a busi;s or if y >e a non-resid5t :o does n c>ry on busi;s 9 ,canada4 ,if y >e a non-resid5t1 see ,guide ,,rc#djbg1 ,do+ ,busi;s 9 ,canada --,,gst/,,hst ,9=m,n = ,non-,resid5ts4 ,small suppli] ,y >e a small suppli] if y meet "o (! foll[+ 3di;ns3 --y >e a sole proprietor ) total taxa# rev5ues 72f exp5ses7 f all yr busi;ses ( 4#cj1jjj or #ei ,*apt] #b d#ag less 9 ! la/ f\r 3secutive cal5d> qu>t]s & 9 any s+le cal5d> qu>t]2 --y >e a "pn]%ip or a corpor,n &! total taxa# rev5ues (! "pn]%ip or corpor,n >e 4#cj1jjj or less 9 ! la/ f\r 3secutive cal5d> qu>t]s & 9 any s+le cal5d> qu>t]2 or --y >e a public s]vice body 7*>;y1 non-pr(it organiz,n1 municipal;y1 univ]s;y1 public college1 s*ool au?or;y1 or hospital au?or;y7 &! total taxa# rev5ues f all ! activities ( yr organiz,n >e 4#ej1jjj or less 9 ! la/ f\r 3secutive cal5d> qu>t]s & 9 any s+le cal5d> qu>t]4 ,a gross rev5ue ?re%old ( 4#bej1jjj al applies 6*>ities & public 9/itu;ns4 ,= m 9=m,n1 see ,guide ,,rc#djhb1 ,,gst/,,hst ,9=m,n = ,*>ities4 -------------------------------------#ah ,9 all cases1 yr total taxa# rev5ues 9clude yr _wwide rev5ues f yr supplies ( gds & s]vices subject 6,,gst/,,hst #fj ,*apt] #b a#ah at a rate ( #e@3p & #ac@3p1 & yr z]o- rat$ supplies4 ,h["e1 !y d n 9clude gdwill1 f9ancial s]vices1 & sales ( capital prop]ty4 ,y al h 69clude ! total taxa# rev5ues ( all yr associates 9 ? calcul,n4 ,3tact u at #a-hjj-iei-eebe if y ne$ help 6det]m9e if y >e associat$ 6ano!r p]son4 ,if yr total taxa# rev5ues exce$ 4#cj1jjj 74#ej1jjj = public s]vice bodies7 9 any s+le cal5d> qu>t] or 9 f\r 3secutive cal5d> qu>t]s1 y >e no l;g] 3sid]$ a small suppli] & y h 6regi/] = ,,gst/,,hst4 ,y c regi/] onl9e at _+www.businessregistration.gc.ca_:1 or 0-plet+ & submitt+ ,=m ,,rc#a1 ,reque/ =a ,busi;s ,numb] 7,,bn74 ,excep;n ,taxi & lim\s9e op]ators1 = _! taxi op],ns1 & non-resid5t p]=m]s sell+ admis.ns 6sem9>s & o!r ev5ts m/ regi/] =! ,,gst/,,hst1 ev5 if !y >e small suppli]s4 #fa ,volunt>y regi/r,n b#ah ,if y >e a small suppli] & y >e 5gag$ 9 a -m]cial activ;y 9 ,canada1 y c *oose 6regi/] volunt>ily1 ev5 if y >e n leg,y requir$ 6d s4 ,if y regi/] volunt>ily1 y h 6*>ge & remit ,,gst/,,hst on yr taxa# supplies ( gds & s]vices1 & y c claim ,,itc's =! ,,gst/,,hst y pd or [e on eligi# pur*ases relat$ 6^! supplies4 ,g5],y1 y h 6/ay regi/]$ = at l1/ "o ye> 2f y c ask 6c.el yr regi/r,n4 ,if y c.el yr regi/r,n1 y may h 6remit "p (! ,,itc's y claim$ on c]ta9 prop]ties y h on h&1 s* z 9v5tory & capital prop]ty4 ,h[ 6regi/] = ,,gst/,,hst ,if y h 6regi/]1 or if y >e a small suppli] & want 6regi/]1 use \r qk & secure ,busi;s ,regi/r,n ,onl9e at _+www.businessregistration.gc.ca_:4 #fb ,*apt] #b c#ah ,y c al provide ! nec 9=m,n 6u ov] ! teleph"o or 0fax4 ,alt]natively1 y c -plete ,=m ,,rc#a1 ,reque/ =a ,busi;s ,numb] 7,,bn7 & s5d x 6u4 ,= m 9=m,n1 visit \r ,web site at _+www.cra.gc.ca/bn_: or call u at #a-hjj-iei-eebe4 ,rememb] t if yr busi;s is 9 ,quebec1 y %d 3tact ,rev5u ,quebec at #a-hjj-efg-dfib4 ,_! a4ress is on page #aa4 ,report+ p]iods ,we w assign y a report+ p]iod = fil+ yr ,,gst/,,hst returns :5 y regi/] = ,,gst/,,hst4 ,= ea* report+ p]iod1 y m/ file a ,,gst/,,hst return4 ,! ,,gst/,,hst report+ p]iod is bas$ on yr total annual taxa# rev5ues 9 ,canada z well z ! annual taxa# rev5ues ( all yr associates1 if applica#4 ,? am.t does n 9clude z]o-rat$ exports ( gds & s]vices1 z]o-rat$ f9ancial #fc ,*apt] #b d#ah s]vices1 taxa# sales ( capital r1l prop]ty1 & gdwill4 ,2f ea* fil+ due date1 we w s5d y a p]sonaliz$ return4 ,al? we assign y a specific report+ p]iod1 y may *oose ano!r p]iod if y meet c]ta9 3di;ns4 ,! foll[+ *>t %[s ! assign$ & op;nal ,,gst/,,hst report+ p]iods1 bas$ on yr annual taxa# rev5ues1 = fiscal ye>s 2g9n+ af #bjjg4 ,transcrib]'s note3 7,! foll[+ *>t is set up 9 ?ree columns3 ,column #a3 ,annual taxa# rev5ues ,column #b3 ,assign$ report+ p]iods ,column #c3 ,op;nal report+ p]iods7 ,annual taxa# rev5ues3 4#a1ejj1jjj or less ,assign$ report+ p]iods3 ,annu,y ,op;nal report+ p]iods3 ,mon?ly/,qu>t]ly #fd ,*apt] #b e#ah ,annual taxa# rev5ues3 ,m ?an 4#a1ejj1jjj up 64#f1jjj1jjj ,assign$ report+ p]iods3 ,qu>t]ly ,op;nal report+ p]iods3 ,mon?ly ,annual taxa# rev5ues3 ,m ?an 4#fjj1jjj ,assign$ report+ p]iods3 ,mon?ly ,op;nal report+ p]iods3 ,nil ,if yr annual taxa# rev5ues >e 4#a1ejj1jjj or less1 y may elect 6file yr ,,gst/,,hst return qu>t]ly or mon?ly4 -------------------------------------#ai ,if yr annual taxa# rev5ues >e m ?an 4#a1ejj1jjj1 b n m ?an 4#f1jjj1jjj1 y may elect 6file yr ,,gst/,,hst return mon?ly4 ,fil+ & remitt+ due dates ,mon?ly & qu>t]ly fil]s ,if yr report+ p]iod is mon?ly or qu>t]ly1 y h 6file yr ,,gst/,,hst #fe ,*apt] #b a#ai return & remit any am.t [+ no lat] ?an "o mon? af ! 5d ( yr report+ p]iod4 ,annual fil]s ,if yr report+ p]iod is annual1 y usu,y h 6file yr return & remit any am.t [+ no lat] ?an ?ree mon?s af ! 5d ( yr fiscal ye>4 ,excep;n ,if all (! foll[+ apply 6y1 !n yr ,,gst/,,hst return is due 0,june #ae4 ,h["e1 any ,,gst/,,hst remitt.e is due 0,april #cj4 ,^! di6]5t due dates apply if3 --y >e an 9dividual ) busi;s 9come = 9come tax purposes2 --y file annual ,,gst/,,hst returns2 & --y h a ,decemb] #ca fiscal ye>-5d4 ,z an annual fil]1 y may al h 6pay qu>t]ly 9/al;ts4 ,if s1 !y >e due #ff ,*apt] #b b#ai no lat] ?an "o mon? af ! la/ "d ( ea* fiscal qu>t]4 ,if y base yr 9/al;ts on an e/imate ( yr curr5t-ye> net tax & "ue/imate yr net tax1 we may *>ge y p5alty & 9t]e/4 ,= fiscal ye>s 2g9n+ af #bjjg1 y w 2 requir$ 6make 9/al;t pay;ts "?\t a fiscal ye> if yr net tax 9 ! previ\s fiscal ye> 0 4#c1jjj or m4 ,=a fiscal ye> t 2gan 9 #bjjg1 y / ne$ 6use ! previ\s ?re%old am.t ( 4#a1ejj 6det]m9e if y >e requir$ 6make 9/al;t pay;ts "?\t ! fiscal ye>4 ,6/>t mak+ 9/al;t pay;ts1 y ne$ 6ord] ,=m ,,rc#afj1 ,,gst/,,hst ,9t]im ,pay;ts ,remitt.e ,v\*]4 ,y w n automatic,y rcv ,=m ,,rc#afj = yr next 9/al;t pay;t un.s y make ! curr5t pay;t4 ,= m 9=m,n on ,=m ,,rc#afj1 see ,guide ,,rc#djbb1 ,g5]al ,9=m,n = ,,gst/,,hst ,regi/rants4 #fg ,h[ 6collect ,,gst/,,hst c#ai on ! taxa# gds & s]vices y provide ,z a ,,gst/,,hst regi/rant1 y g5],y *>ge #e@3p ,,gst or #ac@3p ,,hst on ! taxa# supplies y provide 7o!r ?an z]o- rat$ supplies74 ,y remit ,,gst & ,,hst on ! same ,,gst/,,hst return4 ,note ,if y provide taxa# supplies 7o!r ?an z]o-rat$7 6cu/om]s 9 ,nova ,scotia1 ,new ,brunswick1 or ,newf.dl& & ,labrador1 9clud+ supplies %ipp$ or mail$ 6recipi5ts 9 ^! prov9ces1 y >e requir$ 6collect & remit ! #ac@3p ,,hst4 ,prov9cial sales tax ,:5 y h 6*>ge bo? ,,gst & prov9cial sales tax 7,,pst71 calculate ,,gst on ! pur*ase price exclud+ ,,pst4 ,= m 9=m,n on h[ 6calculate ,,pst1 3tact yr #fh ,*apt] #b d#ai prov9cial tax (fice4 ,visit \r ,web site at _+www.cra.gc.ca/tax/business/_& prov__links-e.html_: = l9ks 6prov9cial & t]ritorial de"p;ts ( f9.e1 busi;s s]vice c5tres1 & o!r tax & f9ancial s]vices4 ,y w f9d ! ph"o numb]s (! prov9cial tax (fices 9 ! gov]n;t sec;n ( yr teleph"o book4 ,9=m+ yr cu/om]s ,z a ,,gst/,,hst regi/rant1 y m/ %[ yr cu/om]s ! total tax paya# or let !m "k t ! am.t paya# 9cludes ! tax4 ,y c %[ ? 6yr cu/om]s on ! 9voice1 receipt1 or 3tract1 or 04play+ a3epta# signs4 ,if y %[ ! tax on yr 9voice1 receipt1 or 3tract1 y m/ %[ ! total tax or ! total (! tax rate 7e4g41 #e@3p or #ac@3p74 -------------------------------------#bj ,:at 6put on yr 9voices ,y h 6give cu/om]s :o >e ,,gst/,,hst regi/rants specific 9=m,n t w all[ #fi ,*apt] #b a#bj !m 6support _! claims = ,,itc's & rebates =! ,,gst/,,hst y *>g$4 ,! foll[+ *>t %[s ! requir$ 9=m,n4 ,transcrib]'s note3 7,! foll[+ *>t is set up 9 f\r columns3 ,column #a3 ,9=m,n requir$ = sales 9voices f ,,gst/,,hst regi/rants ,column #b3 ,total sale "u 4#cj ,column #c3 ,total sale f 4#cj 64#adi.ii ,column #d3 ,total sale ( 4#aej or m7 ,9=m,n requir$ = sales 9voices f ,,gst/,,hst regi/rants3 ,! v5dor's busi;s or trad+ "n or ! 9t]m$i>y's "n ,total sale "u 4#cj3 ;,x ,total sale f 4#cj 64#adi.ii3 ;,x ,total sale ( 4#aej or m3 ;,x ,9=m,n requir$ = sales 9voices f ,,gst/,,hst regi/rants3 ,9voice date or1 if an 9voice has n be5 #gj ,*apt] #b b#bj issu$1 ! date on : ! ,,gst/,,hst is pd or paya# ,total sale "u 4#cj3 ;,x ,total sale f 4#cj 64#adi.ii3 ;,x ,total sale ( 4#aej or m3 ;,x ,9=m,n requir$ = sales 9voices f ,,gst/,,hst regi/rants3 ,total am.t pd or paya# ,total sale "u 4#cj3 ;,x ,total sale f 4#cj 64#adi.ii3 ;,x ,total sale ( 4#aej or m3 ;,x ,9=m,n requir$ = sales 9voices f ,,gst/,,hst regi/rants3 ,! total am.t ( ,,gst/,,hst *>g$ or t ! am.t pd or paya# = ea* taxa# supply 7o!r ?an z]o- rat$ supplies7 9cludes ,,gst/,,hst &! applica# tax rate ,total sale "u 4#cj3 -- ,total sale f 4#cj 64#adi.ii3 ;,x ,total sale ( 4#aej or m3 ;,x #ga ,*apt] #b c#bj ,9=m,n requir$ = sales 9voices f ,,gst/,,hst regi/rants3 ,:5 y supply items taxa# at di6]5t rates1 a /ate;t ab : items >e tax$ at ! ,,gst rate & : >e tax$ at ! ,,hst rate ,total sale "u 4#cj3 -- ,total sale f 4#cj 64#adi.ii3 ;,x ,total sale ( 4#aej or m3 ;,x ,9=m,n requir$ = sales 9voices f ,,gst/,,hst regi/rants3 ,! v5dor's ,busi;s ,numb] or ! 9t]m$i>y's ,busi;s ,numb] ,total sale "u 4#cj3 -- ,total sale f 4#cj 64#adi.ii3 ;,x ,total sale ( 4#aej or m3 ;,x ,9=m,n requir$ = sales 9voices f ,,gst/,,hst regi/rants3 ,! buy]'s "n or trad+ "n or ! "n (! duly au?oriz$ ag5t or repres5tative ,total sale "u 4#cj3 -- ,total sale f 4#cj 64#adi.ii3 -- ,total sale ( 4#aej or m3 ;,x #gb ,*apt] #b d#bj ,9=m,n requir$ = sales 9voices f ,,gst/,,hst regi/rants3 ,a brief descrip;n (! gds or s]vices ,total sale "u 4#cj3 -- ,total sale f 4#cj 64#adi.ii3 -- ,total sale ( 4#aej or m3 ;,x ,9=m,n requir$ = sales 9voices f ,,gst/,,hst regi/rants3 ,t]ms ( pay;t ,total sale "u 4#cj3 -- ,total sale f 4#cj 64#adi.ii3 -- ,total sale ( 4#aej or m3 ;,x ,note .,9t]m$i>y (a p]son =a "picul> supply m1ns a regi/rant :o1 "u an agree;t )! p]son1 causes or facilitates ! mak+ (! supply 0! p]son4 ,9put tax cr$its 7,,itc's7 ,a funda;tal pr9ciple ( ,,gst/,,hst is t no tax %d 2 9corporat$ 96! co/ ( 9puts t regi/rants use 9 -m]cial #gc ,*apt] #b e#bj activities4 ,) c]ta9 excep;ns1 regi/rants >e 5titl$ 6a refunda# cr$it1 call$ an 9put tax cr$it 7,,itc71 = tax pd or paya# on pur*ases t relate 6a -m]cial activ;y4 ,-m]cial activities 9clude ! supply ( gds & s]vices taxa# at #j@3p1 #e@3p1 & #ac@3p4 ,-m]cial activities d n 9clude ! supply ( exempt gds & s]vices1 s* z l;g- t]m resid5tial r5t 7= example1 ( "o mon? or m74 ,"!=e1 y _c claim ,,itc's =! ,,gst/,,hst y pd or [e on items t y use 6provide exempt gds & s]vices1 or = p]sonal use4 ,y c recov] ! ,,gst/,,hst y pay or [e on gds & s]vices y use 9 op]at+ a busi;s ( mak+ taxa# supplies4 ,examples >e3 --m]*&ise y pur*ase = resale2 --adv]tis+ s]vices2 --p]sonal & r1l capital prop]ty1 s* z (fice furniture1 vehicles1 o!r #gd ,*apt] #b f#bj equip;t1 & build+s us$ 9 ! op],n (! busi;s2 & --g5]al op]at+ exp5ses s* z (fice r5t1 utilities1 (fice supplies1 &! r5tal ( equip;t s* z -put]s1 vehicles1 photocopy ma*9es1 & o!r (fice appli.es4 -------------------------------------#ba ,": gds or s]vices >e us$ "ply = p]sonal use or = mak+ exempt supplies1 y >e 5titl$ 6a "pial ,,itc 6! ext5t t !y >e = use 9 -m]cial activities1 ) c]ta9 excep;ns = capital prop]ty1 z 4cuss$ 2l4 ,exp5ses = : y _c claim an ,,itc 9clude ! foll[+3 --employee wages2 --9t]e/ & divid5d pay;ts2 --mo/ f$]al1 prov9cial1 & municipal taxes2 --mo/ fees1 f9es1 & levies2 --tax-exempt gds & s]vices2 --items = yr p]sonal use or 5joy;t2 #ge ,*apt] #b a#ba --capital p]sonal prop]ty t is n prim>ily = use 9 yr -m]cial activities2 --capital r1l prop]ty = use #aj@3p or less 9 yr -m]cial activities 7,if y >e an 9dividual us+ ! prop]ty m ?an #ej@3p = yr1 or a relat$ 9dividuals'1 p]sonal use1 y _c claim an ,,itc ev5 if y >e us+ t prop]ty m ?an #aj@3p 9 -m]cial activities472 & --memb]%ip fees or dues 6any club t provides recre,nal1 d9+1 or sport+ facilities 7s* z fit;s clubs1 golf clubs1 hunt+ & fi%+ clubs71 un.s y acquire ! memb]%ips 6resell 9 ! c\rse ( yr busi;s4 ,= m 9=m,n1 see ,guide ,,rc#djbb1 ,g5]al ,9=m,n = ,,gst/,,hst ,regi/rants4 ,h[ 6claim an 9put tax cr$it ,mo/ regi/rants claim _! ,,itc's :5 !y file _! ,,gst/,,hst return =! #gf ,*apt] #b b#ba report+ p]iod 9 : ! relat$ pur*ases 7 made4 ,if y d n claim ,,itc's at t "t1 y h f\r ye>s af ! 5d ( t report+ p]iod 6claim !m on a ,,gst/,,hst return4 ,:5 y calculate yr ,,itc's1 y c 9clude pur*ases = : y h rcvd an 9voice1 b t y h n yet pd4 ,simplifi$ a3.t+ me?ods ,"! >e two simplifi$ a3.t+ me?ods availa# = small busi;ses 6calculate ! ,,gst/,,hst !y [e4 ,!y >e ! ,qk ,me?od &! ,simplifi$ ,me?od = claim+ ,,itc's4 ,! ,qk ,me?od ,! ,qk ,me?od is an easy way 6calculate ! am.t ( ,,gst/,,hst y h 6remit4 #gg ,:o c use x c#ba ,g5],y1 y c use ! ,qk ,me?od if yr _wwide taxa# annual supplies 79clud+ z]o-rat$ supplies & supplies ( associates7 >e 4#bjj1jjj or less 79clud+ ,,gst/,,hst7 9 any f\r 3secutive fiscal qu>t]s ov] ! la/ five fiscal qu>t]s4 ,? am.t does n 9clude supplies ( f9ancial s]vices1 sales ( r1l prop]ty1 sales ( capital assets1 & gdwill4 ,c]ta9 busi;ses _c use ! ,qk ,me?od 9clud+ a3.tants1 bookkeep]s1 f9ancial 3sultants1 & public s]vice bodies4 ,! ,special ,qk ,me?od is a simplifi$ a3.t+ op;n availa# 6select$ public s]vice bodies1 qualify+ non-pr(it organiz,ns1 specifi$ facil;y op]ators1 & c]ta9 *>ities4 ,= m 9=m,n1 see ,pamphlet ,,rc#dbdg1 ,! ,special ,qk ,me?od ( ,a3.t+ = ,public ,s]vice ,bodies4 #gh ,h[ ! ,qk ,me?od "ws d#ba ,y collect ,,gst at #e@3p or ,,hst at #ac@3p on taxa# supplies 6yr cu/om]s 9 ! usual mann]4 ,:5 y -plete yr ,,gst/,,hst return1 y remit "p (! tax y collect$4 ,s9ce y _c claim ,,itc's on mo/ ( yr pur*ases :5 y use ? me?od1 ! "p (! tax t y keep a3.ts =! approximate value (! ,,itc's y wd o!rwise h claim$4 ,:5 y -plete yr ,,gst/,,hst return1 y multiply yr total supplies 7,,gst/,,hst 9clud$7 =! report+ p]iod 0! ,qk ,me?od remitt.e rate t applies 6^? supplies4 ,! remitt.e rates >e expla9$ 9 ,booklet ,,rc#djeh1 ,qk ,me?od ( ,a3.t+ = ,,gst/,,hst4 -------------------------------------#bb ,y d n claim an ,,itc on yr op]at+ exp5ses 7s* z utilities1 r5t1 & teleph"o71 m1l & 5t]ta9;t exp5ses1 & 9v5tory pur*ases4 ,h["e1 y c claim ,,itc's on mo/ ( yr pur*ases ( capital & r1l prop]ty4 ,y c claim ^! cr$its :5 y -plete yr ,,gst/,,hst return4 #gi ,*apt] #b a#bb ,h["e1 if y 4pose ( capital assets1 y m/ remit ! full #e@3p ,,gst or #ac@3p ,,hst1 n ! ,qk ,me?od p]c5tage4 ,= m 9=m,n1 see ,booklet ,,rc#djeh1 ,qk ,me?od ( ,a3.t+ = ,,gst/,,hst4 ,! ,simplifi$ ,me?od = claim+ ,,itc's ,y use ! ,simplifi$ ,me?od 6calculate yr ,,itc's if y d n want 6keep track (! ,,gst/,,hst y pd or [e on yr busi;s pur*ases4 ,:o c use x ,y c use ! ,simplifi$ ,me?od if y >e regi/]$ = ,,gst/,,hst & yr 7& yr associates'7 annual _wwide taxa# rev5ues f supplies ( gds & s]vices 7 4#ejj1jjj or less 9 yr la/ fiscal ye> &! previ\s fiscal qu>t]s ( yr curr5t fiscal ye>4 ,d #hj ,*apt] #b b#bb n 9clude z]o-rat$ f9ancial s]vices1 sales ( capital r1l prop]ty1 or gdwill4 ,li/$ f9ancial 9/itu;ns1 h["e1 _c use ! ,simplifi$ ,me?od4 ,6use ! ,simplifi$ ,me?od = claim+ ,,itc's1 yr taxa# pur*ases 7exclud+ z]o- rat$ pur*ases b 9clud+ pur*ases import$ 96,canada or br"\ 96a "picipat+ prov9ce7 9 ,canada m/ al n exce$ 4#b million 9 ! immly prec$+ fiscal ye>4 ,if y qualify1 y c />t us+ ! ,simplifi$ ,me?od at ! 2g9n+ ( any report+ p]iod4 ,y d n h 6file any =m 6use x4 ,af y decide 6use ? me?od1 y m/ use x = at l1/ "o ye> if y 3t9ue 6qualify4 ,h[ ! ,simplifi$ ,me?od "ws ,us+ ? me?od1 yr records d n h 6%[ ,,gst/,,hst sep>ately f ! total pur*ases4 ,h["e1 y m/ 2 a# 6total yr taxa# pur*ases = : y c claim an ,,itc4 ,9 a4i;n1 if y make pur*ases 9 bo? #ha ,*apt] #b c#bb "picipat+ & non-"picipat+ prov9ces1 y m/ sep>ate pur*ases on : y pd ,,gst & ^? on : y pd ,,hst4 ,y m/ keep ! usual docu;ts 6support yr ,,itc claims = audit purposes4 ,= m 9=m,n on ! ,simplifi$ ,me?od1 see ,guide ,,rc#djbb1 ,g5]al ,9=m,n = ,,gst/,,hst ,regi/rants4 ,fil+ yr ,,gst/,,hst returns ,h[ 6calculate ! ,,gst/,,hst y [e & file yr return ,= ea* report+ p]iod1 y calculate3 --! ,,gst/,,hst collect$ & collecti# on yr taxa# supplies dur+ ! report+ p]iod2 .& --! ,,gst/,,hst pd & paya# on yr pur*ases = : y c claim an ,,itc4 ,! di6];e 2t ^! two am.ts1 plus or m9us any adju/;ts1 is yr .net .tax 7yr ,,gst/,,hst pay;t or yr refund74 ,if y *>ge m ,,gst/,,hst #hb ,*apt] #b d#bb ?an y pd or [e1 y pay u ! di6];e4 ,if y pd or [e m ,,gst/,,hst ?an y *>g$1 y c claim a refund4 ,we w automatic,y s5d y ,=m ,,gst#cd1 ,gds & ,s]vices ,tax/,h>moniz$ ,sales ,tax 7,,gst/,,hst7 ,return = ,regi/rants1 : 9cludes pre-pr9t$ 9=m,n ab yr a3.t4 ,! p]sonaliz$ return we s5d y = ea* report+ p]iod is n availa# on \r ,web site z we c only provide x 9 a pre-pr9t$ =mat4 ,if y d n rcv a p]sonaliz$ return )9 #ae "w+ "ds (! 5d ( yr report+ p]iod1 or if y misplace x1 y c use ,=m ,,gst#fb1 ,gds & ,s]vices ,tax/,h>moniz$ ,sales ,tax 7,,gst/,,hst7 ,return 7,non- p]sonaliz$71 9/1d4 -------------------------------------#bc ,if y h n rcvd ! p]sonaliz$ ,,gst/,,hst return 7,=m ,,gst#cd7 #ae "w+ "ds 2f xs due date1 or if y lose yr ,,gst/,,hst return1 call #a-hjj-iei-bbba 6get ,=m ,,gst#fb4 #hc ,*apt] #b a#bc ,note ,y / h 6file yr return & pay any net tax [+ 0! due date ev5 if y d n rcv yr p]sonaliz$ return on "t4 ,h[ 6file yr return & remit any am.t [+ ,dep5d+ on yr situ,n1 y may h up 6f\r di6]5t op;ns = fil+ yr ,,gst/,,hst return & remitt+ any am.t [+3 ,0mail ,y c mail yr return & yr remitt.e1 if any1 6! a4ress %[n on ! ,,gst/,,hst return4 ,pr9t yr ,,bn on yr *eque & make x paya# 6! ,rcvr ,g5]al = ,canada4 ,d n s5d ca% 9 ! mail4 ,6avoid process+ delays1 d n /aple or atta* receipts or o!r support+ docu;ts 6yr return4 #hd ,*apt] #b b#bc ,note ,y h 6make yr remitt.e at yr f9ancial 9/itu;n if x is m ?an 4#ej1jjj4 ,at yr f9ancial 9/itu;n ,if y >e remitt+ an am.t [+1 y c take yr return & remitt.e 6yr "picipat+ f9ancial 9/itu;n 9 ,canada1 .un.s3 --y >e (fsett+ an am.t [+ on ! return 0a rebate or refund2 --y >e claim+ a refund2 or --y >e fil+ a nil return4 ,9 ^! cases1 y h 6mail yr return & remitt.e 6! a4ress %[n on yr return4 ,y _c claim a refund or rebate at yr bank or f9ancial 9/itu;n4 ,if y >e pay+ at a f9ancial 9/itu;n & yr return requires atta*$ docu;t,n1 y w h 6s5d u ^! docu;ts sep>ately4 #he ,us+ ,,gst/,,hst ,,netfile c#bc & ,,telefile ,y may 2 eligi# 6file yr return electronic,y us+ ,,gst/,,hst ,,netfile or ,,telefile4 ,y ne$ 6h a f\r-digit a3ess code pr9t$ on ! "w+ copy ( yr p]sonaliz$ ,,gst/,,hst return & y ne$ 6meet c]ta9 3di;ns4 ,see ,guide ,,rc#djbb1 ,g5]al ,9=m,n = ,,gst/,,hst ,regi/rants1 6f9d \ if y >e eligi# 6file us+ ,,gst/,,hst ,,netfile or ,,telefile4 ,use ,=m ,,rc#aeh1 ,,gst/,,hst ,netfile/,telefile ,remitt.e ,v\*]1 6remit any am.t [+ on a return t y file us+ ,,gst/,,hst ,,netfile or ,,telefile4 ,=m ,,rc#aeh is n availa# on \r ,web site z we c only provide x 9 a pre-pr9t$ =mat4 ,6ord] ,=m ,,rc#aeh1 call u at #a-hjj-iei-bbba4 ,= m 9=m,n1 visit \r ,web site at _+www.cra.gc.ca/gsthst-netfile_:4 #hf ,us+ ,electronic ,data d#bc ,9t]*ange 7,,edi7 ,returns & remitt.es c al 2 fil$ electronic,y "? a "picipat+ f9ancial 9/itu;n4 ,= m 9=m,n1 visit \r ,web site at _+www.cra.gc.ca/gsthst-edi_:1 or 3tact yr f9ancial 9/itu;n4 ,/op fil+ ,,gst/,,hst returns tempor>ily ,z a regi/rant1 y m/ file yr returns = ea* report+ p]iod1 ev5 if y d n h 6remit any net tax4 ,h["e1 if y op]ate a s1sonal or "p-"t busi;s1 or if y >e a non-resid5t :o c>ries on busi;s 9 ,canada only =a %ort p]iod ( "t ea* ye>1 & y norm,y file on a qu>t]ly or mon?ly basis1 y may 2 eligi# 6/op fil+ ,,gst/,,hst returns = report+ p]iods = : y h ll or no ,,gst/,,hst 6report4 ,= ? 6apply1 y ne$ 6meet c]ta9 crit]ia4 ,= m details1 visit \r ,web site at _+www.cra.gc.ca/gsthst_:1 #hg ,*apt] #b e#bc or see ,guide ,,rc#djbb1 ,g5]al ,9=m,n = ,,gst/,,hst ,regi/rants1 or call #a-hjj-iei-eebe4 -------------------------------------#bd ,,gst/,,hst ,rul+s ,,gst/,,hst ,rul+s is ! c5tre ( te*nical exp]tise on ,,gst/,,hst 9 ! ,canada ,rev5ue ,ag5cy4 ,"? \r rul+s & 9t]pret,ns program1 we give taxpay]s "tly1 a3urate1 & a3essi# te*nical 9=m,n on _! 5title;ts & oblig,ns "u ! ,excise ,tax ,act & relat$ regul,ns4 ,= m 9=m,n1 see ,guide ,,rc#ddje1 ,,gst/,,hst ,rul+s --,exp]ts 9 ,,gst/,,hst ,legisl,n1 or visit \r ,web site at _+www.cra.gc.ca/_e/pub/gp/rc4405_:4 ,= m 9=m,n --,,rc#djbb1 ,g5]al ,9=m,n = ,,gst/,,hst ,regi/rants --,booklet ,,rc#djeh1 ,qk ,me?od ( ,a3.t+ = ,,gst/,,hst #hh ,*apt] #b a#bd --,,rc#djbg1 ,do+ ,busi;s 9 ,canada-- ,,gst/,,hst ,9=m,n = ,non-,resid5ts --,pamphlet ,,rc#dbdg1 ,! ,special ,qk ,me?od ( ,a3.t+ = ,public ,s]vice ,bodies--,9cludes ,=m ,,gst#bhg --,,rc#ddje1 ,,gst/,,hst ,rul+s-- ,exp]ts 9 ,,gst/,,hst ,legisl,n --,=m ,,rc#a1 ,reque/ =a ,busi;s ,numb] 7,,bn7 --,=m ,,gst#cd1 ,gds & ,s]vices ,tax/,h>moniz$ ,sales ,tax 7,,gst/,,hst7 ,return = ,regi/rants --,=m ,,gst#fb1 ,gds & ,s]vices ,tax/,h>moniz$ ,sales ,tax 7,,gst/,,hst7 ,return 7,non- p]sonaliz$7 ,web site _+www.cra.gc.ca_: _+www.cra.gc.ca/gsthst-netfile_: _+www.cra.gc.ca/gsthst-edi_: #hi #ij ,*apt] #c3 ,excise taxes1 #be excise duties & s(twood lumb] products export *>ge ,:at >e excise taxes & excise duties8 ,"! >e two types ( f$]al levies on products manufactur$ or produc$ 9 ,canada3 excise taxes & excise duties4 ,^! levies >e appli$ 6a limit$ range ( gds at di6]5t rates & 9 di6]5t ways1 dep5d+ on ! product4 ,excise tax & excise duty apply 6! gds 2f ,,gst/,,hst is a4$ on4 ,excise taxes ,excise taxes >e *>g$ on3 --fuel-9e6ici5t vehicles2 --automobile air 3di;n]s2 & --c]ta9 petroleum products4 #ia ,*apt] #c a#be ,note ,! excise tax on jewell]y 0 elim9at$ e6ective ,may #b1 #bjjf4 ,! h1vy vehicle wei* #ai1 #bjjg4 ,! ,excise ,tax ,act sets \ ! rates ( tax = ea* ( ^! gds4 ,:5 gds >e manufactur$ 9 ,canada1 excise tax is paya# at ! "t ! gds >e deliv]$ 6! pur*as]4 ,:5 !y >e import$1 excise tax is paya# 0! import]1 at ! "t ! gds >e import$4 ,"u c]ta9 circum/.es1 y may 2 a# 6claim a refund (! excise taxes y pd4 ,manufactur]s ne$ an excise tax lic;e 7;,e lic;e7 un.s !y qualify z a small manufactur]4 ,y qualify z a small manufactur] if yr total annual sales >e n m ?an 4#ej1jjj4 ,a :olesal] lic;e 7;,w lic;e7 all[s y 6buy gds = resale )\t pay+ excise taxes4 ,y may qualify =a ;,w lic;e "u #ib ,*apt] #c b#be c]ta9 limit$ circum/.es1 "!by 5abl+ y 6buy gds exempt ( excise tax & 6collect & remit ! excise tax at ! "t y sell ! gds4 ,= m 9=m,n1 3tact u at #a-hff-ccj-ccjd 7s]vice 9 ,5gli%7 or #a-hhh-fji-jjgc 7s]vice 9 ,fr5*74 ,excise duties ,excise duties >e *>g$ on _ss1 w9e1 be]1 & toba3o products4 ,! rates ( duty on _ss1 w9e1 & toba3o products >e set \ 9 ! ,excise ,act1 #bjja & duty rates on be] >e 3ta9$ 9 ! ,excise ,act4 ,:5 ^! gds >e manufactur$ 9 ,canada1 duty is paya# on gds at ! po9t ( packag+ r ?an at ! po9t ( sale4 ,g5],y1 :5 !y >e import$ 96,canada1 duty is paya# 0! import] at ! "t ! gds >e import$4 ,all p]sons :o manufacture ^! gds 9 ,canada m/ 2 lic5s$4 ,mo/ lic5sees m/ provide secur;y ( at l1/ 4#e1jjj4 #ic ,*apt] #c c#be ,= m 9=m,n1 visit _+www.cra.gc.ca/exciseduty_: or 3tact ! ne>e/ ,regional ,excise ,duty ,(fice4 ,=a li/+ ( _! numb]s1 pl1se 3sult ,excise ,duty ,memor&a ,,edm#a-a-b1 ,regional ,excise ,duty ,(fices1 on \r ,web site at _+www.cra.gc.ca/_e/pub/em/edm1-1-2_:4 ,s(twood lumb] products export *>ge ,! ,s(twood ,lumb] ,products ,export ,*>ge ,act1 #bjjf is ! imple;t+ legisl,n = an export *>ge 9troduc$ "u ! ,s(twood ,lumb] ,agree;t1 #bjjf 7,,sla #bjjf7 2t ! gov]n;ts ( ,canada &! ,unit$ ,/ates4 ,! ,act imposes a *>ge on c]ta9 s(twood lumb] products export$ 6! ,unit$ ,/ates af ,octob] #aa1 #bjjf4 ,products -------------------------------------#bf subject 6! export *>ge >e def9$ 0! ,,sla #bjjf1 & >e 9clud$ on ! ,export ,3trol ,li/ "u ,export & ,import ,p]mits #id ,*apt] #c a#bf ,act1 adm9i/]$ 0! ,de"p;t ( ,=eign ,a6airs & ,9t]n,nal ,trade4 ,e p]son :o exports s(twood products subject 6! *>ge 6! ,u4,s4 is requir$ 6regi/] )! ,,cra on or 2f ! "d on : ! products >e export$4 ,6regi/]1 export]s m/ -plete ,=m ,b#bec1 ,s(twood ,lumb] ,products ,export ,*>ge--,regi/r,n ,=m4 ,? =m is availa# on \r ,web site at _+www.cra.gc.ca/_e/pbg/ef/b253_: & m/ 2 submitt$ 6! foll[+ a4ress3 ,surrey ,tax ,c5tre ,s(twood ,lumb] ,divi.n #igee ,k+ ,george ,hige ,return1 9 : !y calculate ! *>ge7s7 impos$ dur+ ! cal5d> mon?4 ,! return &! export *>ge pay;t >e due on or 2f ! la/ "d (! mon? foll[+ ! mon? dur+ : a *>ge 0 #ie ,*apt] #c b#bf impos$4 ,= example1 a return &a pay;t =! mon? ( ,janu>y w 2 due on or 2f ! la/ "d ( ,febru>y4 ,= m 9=m,n1 visit \r ,web site at _+www.cra.gc.ca/swl_:4 ,= 9=m,n on regi/r,n or returns & pay;ts1 call #a-hjj-ice-jcac = s]vice 9 ,5gli%1 or #a-hjj-ice-jcdj = s]vice 9 ,fr5*4 ,= te*nical 5quiries reg>d+ ! ,s(twood ,lumb] ,products ,export ,*>ge ,act1 #bjjf1 call #a-hff-ccj-ccjd4 ,= m 9=m,n ,excise ,taxes & ,special ,levies ,memor&a ,lic;es 7#b.a7 ,small ,manufactur]s 7#b.b7 ,bonds ,giv5 z ,secur;y 0,lic5s$ ,:olesal]s 7#b.c7 ,,etsl#ec1 ,phase ,\ (! ,excise ,tax on ,jewell]y ,products ,excise ,duty ,memor&a ,regional ,excise ,duty ,(fices 7#a.a.b7 #if ,*apt] #c c#bf ,regi/r,n ,types 7#b.c.a7 ,lic;e ,types 7#b.a.a7 ,=m ,b#bec1 ,s(twood ,lumb] ,products ,export ,*>ge--,regi/r,n ,=m ,=m ,b#bge1 ,s(twood ,lumb] ,products ,export ,*>ge ,return ,web sites _+www.cra.gc.ca_: _+www.cra.gc.ca/exciseduty_: _+www.cra.gc.ca/tax/technical/_& menu-e.html_: _+www.cra.gc.ca/swl_: #ig #ih ,*apt] #d3 ,payroll deduc;ns #bg & remitt.es ,if y >e an employ]1 y m/ make regul> deduc;ns f yr employees' remun],n4 ,y >e an employ] if3 --y pay sal>ies1 wages 79clud+ adv.es71 bonuses1 vac,n pay1 or tips 6yr employees2 or --y provide c]ta9 taxa# b5efits or all[.es s* z bo>d & lodg+ 6yr employees4 ,an 9dividual is an employee if ! employ;t >range;t 2t ! "w] &! pay] is an employ]-employee rel,n%ip4 ,al? a writt5 3tract miies or wages2 --pay tips & gratuities2 --pay bonuses & vac,n pay2 --provide b5efits & all[.es 6employees2 or --ne$ 6deduct & remit am.ts f o!r types ( remun],n 7s* z p5.n or sup]annu,n74 ,if y ne$ a payroll a3.t & y alr h a ,,bn1 y only ne$ 6add a payroll deduc;ns a3.t 6yr exi/+ ,,bn4 ,h["e1 if y don't h a ,,bn1 y m/ reque/ "o & regi/] =a payroll a3.t 2f yr f/ remitt.e due date4 ,= m 9=m,n1 see ! 8,! ,busi;s ,numb] 7,,bn70 on page #aj4 ,payroll deduc;ns c 2 -plicat$4 ,if y >e hav+ tr\# ) !m1 visit \r ,web site at _+www.cra.gc.ca/payroll_: or give u a call at #a-hjj-iei-eebe4 ,we (f] an on- site 3sultative s]vice 6provide any help y may ne$ ) payroll deduc;ns4 ,z #ajj ,*apt] #d b#bg "p (! ,employ] ,visits ,program1 we c visit y 6help ) pro#ms y h4 ,:at 6deduct f yr employees' remun],n ,y're responsi# = deduct+ ,canada ,p5.n ,plan 7,,cpp7 or ,quebec ,p5.n ,plan 7,,qpp7 3tribu;ns1 ,employ;t ,9sur.e 7;,,ei7 premiums1 & 9come tax f yr employees' remun],n4 ,y >e al responsi# = remitt+ ? m"oy 6u at regul> 9t]vals1 usu,y on or 2f ! fifte5? "d (! mon? foll[+ ! mon? 9 : y deduct$ x4 ,= example1 if y make yr deduc;ns f an employee's remun],n on ,may #aj1 y !n h 6remit ! m"oy 6u on or 2f ,june #ae4 ,if ,june #ae falls on a ,satur"d1 ,sun"d1 or holi"d1 ! remitt.e is due on ! next busi;s "d4 ,if yr pay;t is late1 we may apply a late-remitt+ p5alty4 #aja ,canada ,p5.n ,plan c#bg 7,,cpp7/,quebec ,p5.n ,plan 7,,qpp7 ,! ,canada ,p5.n ,plan 7,,cpp7 came 96e6ect z a way 6provide f9ancial assi/.e 6,canadians :5 !y retire f ! "w=ce4 ,e p]son :o "ws 9 ,canada is eligi# 6get b5efits :5 he or %e retires4 ,if y run a busi;s 9 ,quebec1 y deduct ,quebec ,p5.n ,plan 7,,qpp7 3tribu;ns 9/1d ( ,,cpp4 ,y remit ! pay;ts 6,rev5u ,quebec 9/1d (! ,rcvr ,g5]al = ,canada4 -------------------------------------#bh ,bo? employees & employ]s 3tribute 6! ,,cpp or ! ,,qpp4 ,b y1 z an employ]1 >e responsi# bo? = deduct+ ,,cpp or ,,qpp 3tribu;ns f yr employees' p5.na# e>n+s &= mat*+ ^? 3tribu;ns yrf4 ,employees fall 96_m di6]5t categories1 : det]m9e h[ & :5 y %d deduct ,,cpp or ,,qpp4 ,= m 9=m,n on ,,cpp1 visit \r ,web site at #ajb ,*apt] #d a#bh _+www.cra.gc.ca/tax/business/topics/_& payroll/calculating/cpp/menu-e.html_: or see ,guide ,t#djja1 ,employ]s' ,guide-- ,payroll ,deduc;ns & ,remitt.es1 & ,guide ,t#djcb1 ,payroll ,deduc;ns ,ta#s1 = yr prov9ce or t]ritory4 ,= 9=m,n on ,,qpp1 visit ! ,rev5u ,quebec ,web site at _+www.revenu.gouv.qc.ca/_& eng/ministere/index.asp_:4 ,h[ 6calculate ,,cpp/,,qpp 3tribu;ns ,6calculate ,,cpp 3tribu;ns1 y c use ! ,payroll ,deduc;ns ,onl9e ,calculator 7,,pdoc7 availa# on \r ,web site at _+www.cra.gc.ca/pdoc_: or ! ,ta#s on ,diskette availa# at _+www.cra.gc.ca/tod_:1 or 3sult ! payroll deduc;ns public,ns m5;n$ abv4 ,^! public,ns c help y det]m9e h[ m* ,,cpp 6deduct f yr employees' p5.na# e>n+s1 dep5d+ on _! sal>ies & pay p]iods4 #ajc ,*apt] #d b#bh ,! 3tribu;n rates = ,,cpp may v>y f ye> 6ye>4 ,visit \r ,web site at _+www.cra.gc.ca/tax/business/topics/_& payroll/calculating/cpp/_& historic-e.html_: =! mo/ curr5t rates4 ,note ,y m/ 3tribute ! .same .am.t t y deduct f yr employees' remun],n4 ,? m1ns t if y deduct 4#ajj f an employee's sal>y1 y m/ al 3tribute 4#ajj4 ,y m/ !n s5d u 4#bjj = t employee4 ,6f9d \ :5 y %d deduct ,,cpp 3tribu;ns f yr employees' p5.na# e>n+s & remit !m 6u1 visit \r ,web site at _+www.cra.gc.ca/tax/business/topics/_& payroll/payments/remitter/menu-e.html_:1 or see ,guide ,t#djja1 ,employ]s' ,guide --,payroll ,deduc;ns & ,remitt.es1 & ,guide ,t#djcb1 ,payroll ,deduc;ns ,ta#s1 = yr prov9ce or t]ritory4 #ajd ,*apt] #d c#bh ,= 9=m,n on h[ 6calculate ,,qpp1 ,,qpp 3tribu;n rates & :5 6deduct & remit ,,qpp1 visit ! ,rev5u ,quebec ,web site at _+www.revenu.gouv.qc.ca/eng/_& ministere/index.asp_:4 ,types ( employ;t = : y d n deduct ,,cpp premiums ,"! >e c]ta9 types ( employ;t : >e n 3sid]$ p5.na# &= : y d n deduct ,,cpp 3tribu;ns4 ,= example1 y d n deduct ,,cpp 3tribu;ns =! employ;t (a sp\se or -mon- law "pn] if y _c deduct ! remun],n pd z an exp5se "u ! ,9come ,tax ,act1 or =! employ;t ( yr * or a p]son t y ma9ta9 if no ca% remun],n is pd4 ,= m 9=m,n1 see ,guide ,t#djja1 ,employ]s' ,guide--,payroll ,deduc;ns & ,remitt.es4 #aje ,employ;t ,9sur.e 7;,,ei7 d#bh ,employ;t 9sur.e is a f$],y adm9i/]$ 9sur.e program t gives f9ancial assi/.e 6p :o >e unemploy$4 ,x al helps p get tra9+ = jobs4 ,h[ 6calculate ;,,ei premiums ,z an employ]1 y >e responsi# = deduct+ ;,,ei premiums f yr employees' 9sura# e>n+s4 ,6calculate ;,,ei premiums1 use ! ,payroll ,deduc;ns ,onl9e ,calculator 7,,pdoc7 availa# on \r ,web site at _+www.cra.gc.ca/pdoc_:1 or ! ,ta#s on ,diskette availa# at _+www.cra.gc.ca/tod_:1 or 3sult ! payroll deduc;ns public,ns m5;n$ on ? page4 ,^! public,ns c help y det]m9e h[ m* ;,,ei 6deduct f yr employees' 9sura# e>n+s1 dep5d+ on _! sal>ies4 -------------------------------------#bi ,! rates = ;,,ei premiums may v>y f ye> 6ye>4 ,visit \r ,web site at #ajf ,*apt] #d a#bi _+www.cra.gc.ca/tax/business/topics/_& payroll/calculating/ei/_& historic-e.html_: =! mo/ curr5t rates4 ,note ,y m/ al make yr [n 3tribu;ns 6;,,ei on 2half ( yr employees4 ,g5],y1 ! employ]'s 3tribu;n w 2 slie ( ;,,ei premiums & :5 y %d deduct ;,,ei premiums f yr employees' 9sura# e>n+s & remit !m 6u1 see ,guide ,t#djja1 ,employ]s' ,guide--,payroll deduc;ns & ,remitt.es1 & ,guide ,t#djcb1 ,payroll ,deduc;ns ,ta#s1 = yr prov9ce or t]ritory4 ,types ( employ;t = : y d n deduct ;,,ei premiums ,"! >e c]ta9 types ( employ;t : >e n 3sid]$ 9sura# &= : y d n deduct ;,,ei premiums4 #ajg ,*apt] #d b#bi ,= example1 y d n deduct ;,,ei premiums :5 y & yr employee d n d1l ) ea* o!r at >m's l5g?4 ,? 9cludes 9dividuals 3nect$ 0blood rel,n%ip1 m>riage1 -mon-law rel,n%ip1 or adop;n4 ,h["e1 an employee :o does n d1l ) y at >m's l5g? c 2 9 9sura# employ;t if y wd h negotiat$ a simil> 3tract )a p]son t y d1l ) at >m's l5g?4 ,? deci.n is bas$ on ! t]ms & 3di;ns ( employ;t1 &! remun],n pd =! "w d"o4 ,= m 9=m,n1 see ,guide ,t#djja1 ,employ]s' ,guide--,payroll ,deduc;ns & ,remitt.es4 ,9come tax ,z an employ]1 y >e responsi# = deduct+ 9come tax f ! sal>ies1 wages1 or o!r remun],n y pay yr employees4 ,s9ce employees fall 96v>i\s categories 7s* z fi%]s1 employees :o get pd -mis.ns & claim exp5ses1 etc471 y ne$ v>i\s =ms1 s* z f$]al & prov9cial #ajh ,*apt] #d c#bi ;,,td#a =ms1 6help y decide :at 6deduct f _! remun],n4 ,= m 9=m,n on ^! =ms1 see ,guide ,t#djja1 ,employ]s' ,guide-- ,payroll ,deduc;ns & ,remitt.es4 ,h[ 6calculate 9come tax deduc;ns ,6calculate 9come tax deduc;ns f yr employees' remun],n1 y c use ! ,payroll ,deduc;ns ,onl9e ,calculator 7,,pdoc7 availa# on \r ,web site at _+www.cra.gc.ca/pdoc_: or ! ,ta#s on ,diskette availa# at _+www.cra.gc.ca/tod_: or 3sult ! payroll deduc;ns public,ns = yr prov9ce or t]ritory m5;n$ on page #bh4 ,^! public,ns c help y det]m9e h[ m* 9come tax 6deduct f yr employees' remun],n1 dep5d+ on _! sal>ies & pay p]iods4 #aji ,"w]s' -p5s,n d#bi ,z an employ]1 y may 2 requir$ 6make pay;ts1 & 2 subject 6c]ta9 regul,ns "u "w]s' -p5s,n legisl,n4 ,= m 9=m,n1 see ,guide ,t#djja1 ,employ]s' ,guide-- ,payroll ,deduc;ns & ,remitt.es4 ,h[ 6report payroll deduc;ns ,! ,t#d slip ,y report yr employees' sal>y1 wages1 & taxa# b5efits1 z well z any deduc;ns1 on ! ,t#d slip1 ,/ate;t ( ,remun],n ,pd4 ,y c get a copy ( ? slip f \r ,web site at _+www.cra.gc.ca/forms_:1 0call+ \r ,=ms l9e at #a-hjj-iei-bbba1 or f ! ne>e/ tax s]vices (fice4 ,y h 6fill \ & give yr employees _! copies (! ,t#d slip no lat] ?an ! 5d ( ,febru>y foll[+ ! cal5d> ye> 6: ! slip relates4 #aaj ,file yr ,t#d 9=m,n return #cj electronic,y ,y c *oose f f\r 3v5i5t & secure op;ns 6file yr orig9al ,t#d 9=m,n returns & am5d;t 9=m,n electronic,y4 ,yr *oice w dep5d on ! numb] ( yr ,t#d slips4 ,if y file ..m ?an #ejj v>i\s 9=m,n .slips1 y .m/ file ! return electronic,y 9 ext5si# m>k-up language 7,,xml7 =mat4 --,if y file .#a 6..#c orig9al or .am5d$ ,t#d slips1 use ! ,t#d ,web ,=ms applic,n4 --,if y file .#a 6..#gj orig9al or .am5d$ ,t#d slips1 use ! ,t#d ,desktop applic,n4 --,if y use payroll1 -m]cial1 or in- h\se develop$ s(tw>e 6manage yr busi;s1 y c file ..#a 6approximately #c1ejj slips 7up 6#e .,,mb7 ov] ! ,9t]net via ,9t]net ,file ,transf] 7,,xml74 --,if yr file is ..m ?an #e .,,mb1 y m/ file electronic,y 9 ext5si# #aaa ,*apt] #d a#cj m>k-up language 7,,xml7 on electronic m$ia 7,,dvd or ;,,cd74 ,if y file ..#eja 6approximately .#c1ejj v>i\s 9=m,n slips 7..up 6#e .,,mb71 y m/ file electronic,y 9 ext5si# m>k-up language 7,,xml7 0,9t]net ,file ,transf] 7,,xml7 or on electronic m$ia 7,,dvd1 ;,,cd1 or diskette7 ,9t]net ,file ,transf] is availa# =! foll[+ 9=m,n returns3 ,t#c1 ,t#d1 ,t#d;,a1 ,t#d;,a-,,nr1 ,t#d;,e1 ,t#d;,,rif1 ,t#d;,,rsp1 ,t#e1 ,t#ejjh1 ,t#ejjg1 ,t#ejah1 ,,nr#d1 & ,,rrsp ,3tribu;n ,receipt4 ,taxpay]s w require a payroll ,busi;s ,numb] & ,web ,a3ess ,code 7,,wac7 :5 fil+ ^! returns )! ,,cra4 ,qu>t]ly remitt.es ,mo/ employ]s >e requir$ 6remit )hold+ am.ts on a mon?ly basis2 l>ge employ]s remit m frequ5tly4 ,z a small busi;s #aab ,*apt] #d b#cj employ]1 y may 2 a# 6make qu>t]ly remitt.es ( taxes & payroll deduc;ns4 ,we w automatic,y notify y if y qualify = ? program4 ,no applic,n is requir$4 ,y c 3t9ue 6remit mon?ly if y pref]4 ,= m 9=m,n on ? subject1 visit \r ,web site at _+www.cra.gc.ca/tax/business/topics/_& payroll/payments/remitter/menu-e.html_:4 ,d y h a -put]8 ,if y h a -put]1 y c use x 9/1d (! pap] ta#s 6calculate yr employees' payroll deduc;ns4 ,we provide a -put]iz$ v].n ( ,guide ,t#djcb1 ,payroll ,deduc;ns ,ta#s1 & ,guide ,t#djjh1 ,payroll ,deduc;ns ,supple;t>y ,ta#s1 call$ ,t#dadc1 ,ta#s on ,diskette 7,,tod74 ,? is a /&-al"o -put] program t calculates payroll deduc;ns = any pay p]iods1 prov9ces 7except ,quebec71 & t]ritories4 #aac ,*apt] #d c#cj ,! ,,tod is availa# on \r ,web site at _+www.cra.gc.ca/tod_:4 ,y c al use ! ,payroll ,deduc;ns ,onl9e ,calculator1 : is availa# on \r ,web site at _+www.cra.gc.ca/pdoc_:4 ,= m 9=m,n1 call u at #a-hjj-iei-eebe4 ,if y wd l 6cr1te yr [n payroll deduc;n calcul,ns1 a guide 3ta9+ ! =mulas y ne$ 7except = ,quebec prov9cial tax & ,,qpp7 is availa#4 ,see ,guide ,t#dabg1 ,payroll ,deduc;ns ,=mulas = ,-put] ,programs1 on \r ,web site at _+www.cra.gc.ca/_e/pub/tg/t4127-jan_:4 ,9 summ>y1 yr responsibilities z an employ] >e to3 --deduct ,,cpp/,,qpp 3tribu;ns1 ;,,ei premiums1 & 9come tax f am.ts y pay 6yr employees2 -------------------------------------#ca --remit ^! deduc;ns al;g ) yr %>e ( ,,cpp/,,qpp 3tribu;ns & ;,,ei premiums t y h 6pay "?\t ! ye> on yr employees' 2half2 & #aad ,*apt] #d a#ca --report ! employees' 9come & deduc;ns on ! appropriate 9=m,n return & give 9=m,n slips 6yr employees 0! la/ "d ( ,febru>y foll[+ ! cal5d> ye> 6: ! 9=m,n return applies4 ,= m 9=m,n --,=m ;,,td#a1 ,p]sonal ,tax ,cr$its ,return --,t#djja1 ,employ]s' ,guide--,payroll ,deduc;ns & ,remitt.es --,t#djcb1 ,payroll ,deduc;ns ,ta#s --,t#djjh1 ,payroll ,deduc;ns ,supple;t>y ,ta#s --,t#dadc1 ,ta#s on ,diskette 7,,tod7 --,t#dabg1 ,payroll ,deduc;ns ,=mulas = ,-put] ,programs --,,rc#daaj1 ,employee or ,self- ,employ$8 --,web sites _+www.cra.gc.ca_: _+www.cra.gc.ca/payroll_: _+www.cra.gc.ca/cppei_: #aae ,*apt] #d b#ca ,electronic ;,,pd#g;,a op;n _+www.cra.gc.ca/epd7a_: ,electronic m$ia _+www.cra.gc.ca/electronicmedia_: ,ta#s on ,diskette 7,,tod7 _+www.cra.gc.ca/tod_: ,payroll ,deduc;ns ,onl9e ,calculator 7,,pdoc7 _+www.cra.gc.ca/pdoc_: ,automobile ,b5efits ,onl9e ,calculator _+www.cra.gc.ca/_& autobenefits-calculator_: ,t#d ,desktop applic,n _+www.cra.gc.ca/t4desktop_: ,t#d ,web ,=ms applic,n _+www.cra.gc.ca/webforms_: #aaf ,*apt] #e3 ,9come tax #cb ,? *apt] 9troduces y 6! process ( report+ e>n+s & pay+ 9come tax on yr busi;s's pr(its4 ,x w expla9 h[ 6a3.t = :at yr busi;s e>ns1 & :at k9ds ( 9come y h 6report4 ,x al tells y :at exp5ses y >e all[$ 6deduct4 ,a3.t+ = yr e>n+s ,g5],y1 y h 6report busi;s 9come 7o!r ?an f>m+ or fi%+ 9come7 us+ ! a3rual me?od ( a3.t+4 ,f>m]s or fi%]s may use ! ca% me?od or ! a3rual me?od1 b n a -b9,n ( bo?4 ,! a3rual me?od ,"u ! a3rual me?od1 y h 6report 9come 9 ! fiscal p]iod y e>n x1 reg>d.s ( :5 y rcv pay;t4 ,simil>ly1 y deduct all[a# exp5ses 9 ! fiscal p]iod 9 : y 9cur !m1 :e!r or n y #aag ,*apt] #e a#cb pay = !m 9 t p]iod4 .,9cur usu,y m1ns y ei pd or w h 6pay ! exp5se4 ,! ca% me?od ,"u ! ca% me?od1 y report 9come 9 ! ye> 9 : x is rcvd 7:e!r 9 ca%1 prop]ty1 or s]vices7 & y deduct all[a# exp5ses z !y >e pd 9 ! ye> 9 : y actu,y pay !m1 except prepd exp5ses4 ,if y >e a f>m]1 fi%]1 or self-employ$ -mis.n$ sales ag5t1 y c use ! ca% me?od4 ,= m 9=m,n ab ! ca% me?od1 see ,guide ,t#djjb1 ,busi;s & ,profes.nal ,9come1 ,t#djjc1 ,f>m+ ,9come1 or ,t#djjd1 ,fi%+ ,9come4 ,h[ 6keep sales & exp5se j\rnals ,y %d keep a "d-to-"d record ( yr receipts & exp5ses4 ,a book ) columns & sep>ate pages = 9come & exp5ses is gd = ?4 ,keep ? record al;g ) yr #aah ,*apt] #e b#cb duplicate deposit slips1 bank /ate;ts1 c.ell$ *eques1 & receipts4 ,? w support yr exp5diture claims4 ,h[ 6record yr busi;s exp5ses ,y c g5],y deduct busi;s exp5ses if y 9cur !m =! sole purpose ( produc+ 9come4 ,if y claim exp5ses1 y h 6be a# 6back up yr claim4 ,y d ? 0keep+ all yr busi;s- relat$ v\*]s & receipts1 & record+ all yr exp5ses 9 a j\rnal1 a -put]iz$ file1 or a s(tw>e a3.t+ program4 ,! simple/ me?od ( record+ ^! exp5ses is a basic %eet ) columns t li/ ! -mon categories ( exp5ses4 ,at ! 5d ( ea* mon?1 total ea* column1 & !n />t a new %eet =! next mon?4 ,fiscal p]iod ,y h 6report yr busi;s 9come on an annual basis4 ,= sole proprietor%ips1 profes.nal corpor,ns t >e memb]s #aai ,*apt] #e c#cb (a "pn]%ip1 & "pn]%ips 9 : at l1/ "o memb] is an 9dividual1 profes.nal corpor,n1 or ano!r a6ect$ "pn]%ip1 yr busi;s 9come is g5],y report$ on a cal5d>-ye> basis4 ,if y >e a sole proprietor or 9 a "pn]%ip 9 : all ! memb]s >e 9dividuals1 y c elect 6h a non-cal5d> ye> fiscal p]iod4 ,6d ?1 use ,=m ,t#aaci1 ,reconcili,n ( ,busi;s ,9come = ,tax ,purposes1 6file yr elec;n4 ,y ne$ 6file ? =m 0a specific date4 ,= m 9=m,n1 see ,guide ,,rc#djae1 ,reconcili,n ( ,busi;s ,9come = ,tax ,purposes4 ,a corpor,n's tax ye> is xs fiscal p]iod4 ,a fiscal p]iod _c 2 l;g] ?an #ec weeks 7#cga "ds74 ,a .new corpor,n may *oose any tax ye>-5d z l;g z xs f/ tax ye> does n exce$ #ec weeks f ! date x 0 ei 9corporat$ or =m$ z a result ( an amalgam,n4 ,! corpor,n has 6file xs 9come tax return )9 six mon?s (! 5d ( xs fiscal p]iod4 ,:5 ! fiscal ye> 5ds on ! la/ "d (! mon?1 ! return is due #abj ,*apt] #e d#cb on or 2f ! la/ "d (! six? foll[+ mon?4 ,:5 ! fiscal ye> 5ds on a "d -------------------------------------#cc o!r ?an ! la/ "d (! mon?1 ! return is due on or 2f ! same "d (! six? foll[+ mon?4 ,! rules gov]n+ fiscal p]iods >e -plicat$4 ,x is a gd idea 6get famili> ) !m 2f y get 96busi;s4 ,= m 9=m,n1 see ,guide ,,rc#djae1 ,reconcili,n ( ,busi;s ,9come = ,tax ,purposes1 & ,t#djjb1 ,busi;s & ,profes.nal ,9come4 ,note ,if y >e a ,,gst/,,hst regi/rant1 yr deci.n ab yr fiscal p]iod-5d = 9come tax purposes may a6ect yr ,,gst/,,hst report+ p]iods1 z well z yr fil+ & remitt+ due dates4 ,= m 9=m,n1 see ,guide ,,rc#djbb1 ,g5]al ,9=m,n = ,,gst/,,hst ,regi/rants1 or call u at #a-hjj-iei-eebe4 #aba ,9come a#cc ,? "p gives y an ov]view (! busi;s 9come t y %d a3.t = 9 yr records = 9come tax purposes4 ,types ( 9come ,dur+ ! ye>1 y may rcv 9come f yr busi;s & f s\rces o!r ?an yr actual sales4 ,if !y relate 6yr busi;s1 y h 69clude !m 9 yr busi;s 9come4 ,:at is busi;s 9come ,busi;s 9come 9cludes m"oy y e>n f a profes.n1 a trade1 a manufacture or "utak+ ( any k9d1 an adv5ture or 3c]n 9 ! nature ( trade1 or any o!r activ;y y c>ry on = pr(it & "! is evid;e 6support t 9t5;n4 ,= example1 9come f a s]vice busi;s is busi;s 9come4 ,h["e1 busi;s 9come does n 9clude employ;t 9come1 s* z wages or sal>ies rcvd f an employ]4 #abb ,*apt] #e b#cc ,note ,y h 6report all am.ts ( 9come t >e requir$ = calculat+ 9come = tax purposes4 ,if y fail 6report all yr 9come1 y may 2 subject 6a p5alty ( #aj@3p (! am.t ( 9come t y fail$ 6report4 ,h[ 6a3.t = yr busi;s 9come ,busi;s [n]s h 6provide 9=m,n ab _! busi;s 9come & exp5ses4 ,al? we a3ept o!r types ( f9ancial /ate;ts1 we 5c\rage y 6use ! foll[+ =ms if !y apply 6y3 --,=m ,t#babd1 ,/ate;t ( ,busi;s ,activities2 --,=m ,t#bjcb1 ,/ate;t ( ,profes.nal ,activities 7= #bjjh & future ye>s1 ,=ms ,t#babd & ,t#bjcb w 2 -b9$ 96,=m ,t#babe1 ,/ate;t ( ,busi;s or ,profes.nal ,activities72 #abc ,*apt] #e c#cc --,=m ,t#bjdb1 ,/ate;t ( ,f>m+ ,activities2 --,=m ,t#aafc1 ,/ate;t ;,a-- ,agri,/abil;y & ,agri,9ve/ ,programs ,9=m,n & ,/ate;t ( ,f>m+ ,activities = ,9dividuals2 --,=m ,t#aafd1 ,/ate;t ;,b-- ,agri,/abil;y & ,agri,9ve/ ,programs ,9=m,n & ,/ate;t ( ,f>m+ ,activities = ,a4i;nal ,f>m+ ,op],ns2 --,=m ,t#abgc1 ,/ate;t ;,a-- ,h>moniz$ ,agri,/abil;y & ,agri,9ve/ ,programs ,9=m,n & ,/ate;t ( ,f>m+ ,activities = ,9dividuals2 --,=m ,t#abgd1 ,/ate;t ;,b-- ,h>moniz$ ,agri,/abil;y & ,agri,9ve/ ,programs ,9=m,n & ,/ate;t ( ,f>m+ ,activities = ,a4i;nal ,f>m+ ,op],ns2 & --,=m ,t#baba1 ,/ate;t ( ,fi%+ ,activities4 #abd ,*apt] #e d#cc ,y w f9d 9/ruc;ns on -plet+ !m 9 ! 9come tax guides on \r ,web site4 ,we h design$ ^! =ms 6a3ommodate ! mo/ -mon types ( 9come & exp5se categories us$ 9 busi;s1 s x %d 2 easy = y 6set up yr a3.t+ records4 ,y may use ! categories 9clud$ on ^! =ms :5 y e/abli% yr a3.t+ records4 ,y m/ al record z 9come any am.t cr$it$ 6yr a3.t or set aside = y z pay;t = provid+ gds & s]vices4 ,? al 9cludes am.ts cr$it$ 6yr a3.ts z (fsets ag/ an am.t y [e4 -------------------------------------#cd ,y m/ support all 9come 5tries 9 yr records ) orig9al docu;ts--sales 9voices1 ca% regi/] tapes1 receipts1 fee /ate;ts1 & 3tracts4 ,keep ! support+ docu;ts 9 *ronological or num]ical ord] & make !m availa# if we ask 6see !m4 ,y %d al keep a sep>ate record ( yr 9come f all o!r s\rces1 s* z profes.nal fees & 9come f prop]ty1 9ve/;ts1 taxa# #abe ,*apt] #e a#cd capital ga9s1 e/ates1 tru/s1 employ;t1 & p5.ns4 ,bad debts ,if1 dur+ ! ye>1 y rcvd any am.t t y wrote (f z a bad debt 9 a previ\s ye>1 y h 69clude ! am.t 9 yr 9come =! curr5t ye>4 ,= m 9=m,n1 see ,9t]pret,n ,bullet9 ,,it-#ddb1 ,bad ,debts & ,res]ves = ,d\bt;l ,debts4 ,"! may 2 ,,gst/,,hst implic,ns on ! recov]y ( bad debts4 ,= m 9=m,n1 see ,guide ,,rc#djbb1 ,g5]al ,9=m,n = ,,gst/,,hst ,regi/rants4 ,res]ves ,y h 6br+ any res]ve y claim$ 9 a giv5 ye> back 969come 9 ! foll[+ ye>4 ,! ,9come ,tax ,act all[s y 6take a new res]ve bas$ on yr circum/.es at t "t4 #abf ,*apt] #e b#cd ,= m 9=m,n1 see ,9t]pret,n ,bullet9 ,,it-#aed1 ,special ,res]ves4 ,vac,n trips & aw>ds ,if y rcvd vac,n trips or o!r aw>ds ( any k9d 7s* z jewell]y or furniture7 z a result ( yr busi;s activities1 y m/ 9clude ! value ( ^! aw>ds 9 yr busi;s 9come4 ,vac,n trips & aw>ds may h ,,gst/,,hst implic,ns4 ,= m 9=m,n1 see ,guide ,,rc#djbb1 ,g5]al ,9=m,n = ,,gst/,,hst ,regi/rants4 ,gov]n;t grants & subsidies ,if y rcv a grant or subsidy f a gov]n;t or gov]n;t ag5cy1 y h 6report x ei z 9come or z a reduc;n ( an exp5se4 ,g5],y1 a grant or subsidy3 --9cr1ses yr 9come or reduces yr exp5ses2 #abg ,*apt] #e c#cd --relates 6an 9come defici5cy2 or --relates 6specific exp5ses4 ,= example1 if y >e a f>m] & y rcvd a pay;t 6subsidize yr 9come 9 a dr"\ ye>1 y wd add ! pay;t 6yr 9come4 ,h["e1 if y >e a busi;s t rcvs a gov]n;t employ;t grant 6all[ y 6hire m /ud5ts1 y wd g5],y deduct x f ! wage exp5se y >e claim+4 ,gov]n;t assi/.e t 5a#s y 6acquire capital prop]ty does n 9cr1se yr net 9come4 ,h["e1 9 ! case ( deprecia# prop]ty1 y reduce ! capital co/ (! prop]ty 0! am.t (! assi/.e y rcvd4 ,9 ! case ( o!r capital prop]ty1 reduce ! adju/$ co/ base acly4 ,= m 9=m,n1 see ,9t]pret,n ,bullet9 ,,it-#bgc1 ,gov]n;t ,assi/.e--,g5]al ,-;ts4 ,surface r5tals = petroleum or natural gas explor,n ,if y h l& t y usu,y use 9 yr f>m+ or busi;s op],n1 & y >e l1s+ x \ = #abh ,*apt] #e d#cd petroleum or natural gas explor,n1 y may h 69clude ! l1s+ proce$s 9 yr 9come ei z a capital receipt or z an 9come receipt4 ,= m detail$ 9=m,n1 see ,9t]pret,n ,bullet9 ,,it-#bjj1 ,surface ,r5tals & ,f>m+ ,op],ns4 ,r5tal 9come ,r5tal 9come c 2 ei 9come f prop]ty or 9come f busi;s4 ,9come f r5tal op],ns is usu,y 9come f prop]ty4 -------------------------------------#ce ,d n 9clude r5tal 9come1 :e!r f f>m prop]ty or r1l e/ate1 ) yr busi;s or f>m+ 9come4 ,y h 6report x sep>ately on yr tax return4 ,6det]m9e ! type ( r5tal 9come y h1 & h[ 6report x1 see ,guide ,t#djcf1 ,r5tal ,9come4 #abi ,b>t] transac;ns a#ce ,a b>t] transac;n takes place :5 any two p]sons agree 6an ex*ange ( gds or s]vices1 & c>ry \ t ex*ange )\t us+ m"oy4 ,if y >e 9volv$ 9 a b>t] transac;n1 ! gds or s]vices y rcv cd 2 3sid]$ proce$s f a busi;s op],n4 ,if y >e 9 a busi;s or profes.n t provides gds or s]vices1 & y (f] ^! gds or s]vices 9 a b>t] transac;n 9 ex*ange = o!r gds or s]vices1 y h 69clude ! value (! gds or s]vices y provid$ 9 yr 9come4 ,b>t] transac;ns may al h ,,gst/,,hst implic,ns4 ,= m 9=m,n1 see ,guide ,,rc#djbb1 ,g5]al ,9=m,n = ,,gst/,,hst ,regi/rants1 or call u at #a-hjj-iei-eebe4 ,sell+ a prop]ty ,if y sell a capital prop]ty1 y may h 69clude c]ta9 am.ts 9 yr 9come1 s* z3 #acj ,*apt] #e b#ce --a recov]y ( capital co/ all[.e1 "kn z recapture2 & --"p ( any capital ga9 y r1lize on ! sale4 ,g5],y1 y h a capital ga9 or a capital loss :5 y 4pose ( capital prop]ty4 ,= example1 if y sell a piece ( l& = m ?an x co/1 y h a capital ga9 z a result4 ,simil>ly1 if y sell ! l& = less ?an x co/1 y h a capital loss4 ,= m 9=m,n on capital ga9s & capital losses1 see ,guide ,t#djcg1 ,capital ,ga9s4 ,= special rules relat+ 6f>m]s1 see ,guide ,t#djjc1 ,f>m+ ,9come4 ,al1 "! may 2 ,,gst/,,hst implic,ns :5 y sell a prop]ty4 ,= m 9=m,n1 see ,guide ,,rc#djbb1 ,g5]al ,9=m,n = ,,gst/,,hst ,regi/rants4 ,9v5tory & co/ ( gds sold ,6mat* exp5ses ) 9come1 y ne$ 6prep>e an annual 9v5tory4 ,? is usu,y a li/ ( gds held = sale4 ,if y >e a #aca ,*apt] #e c#ce manufactur]1 ? 9cludes raw mat]ials z well z packag+ mat]ial & supplies1 "w- in-progress 7gds & s]vices t y h n yet -plet$ at ! 5d ( yr fiscal p]iod71 & f9i%$ gds t y h on h&4 ,9v5tory is us$ 9 ! calcul,n (! co/ ( gds sold1 : all[s ! calcul,n ( net 9come on ,=m ,t#babd1 ,/ate;t ( ,busi;s ,activities or ,=m ,t#babe1 ,/ate;t ( ,busi;s or ,profes.nal ,activities 7= #bjjh & future ye>s74 ,h["e1 if y h a profes.nal practice & y >e an a3.tant1 d5ti/1 lawy]1 m$ical doctor1 not>y1 vet]9>ian1 or *iropractor1 y may elect 6exclude yr "w- in-progress :5 y det]m9e 9v5tory4 ,h[ 6value yr 9v5tory ,! value y place on ! items 9 yr ye>- 5d 9v5tory is important 9 det]m9+ yr 9come4 ,= 9come tax purposes1 ! two a3epta# me?ods ( valu+ yr 9v5tory >e 0det]m9+3 #acb ,*apt] #e d#ce --! fair m>ket value ( yr 5tire 9v5tory 7use ei ! price y wd pay 6replace an item1 or ! am.t y wd get if y sold an item72 or --! value ( 9dividual items 7or classes ( items1 if specific items >e n r1dily 4t+ui%a#7 9 ! 9v5tory1 at ei _! co/ or _! fair m>ket value1 :i*"e is l[]4 ,once y *oose a me?od ( 9v5tory valu,n1 y m/ 3t9ue 6use ? me?od 9 subsequ5t ye>s4 ,= m 9=m,n ab valu+ 9v5tory1 see ,9t]pret,n ,bullet9 ,,it-#dgc1 ,9v5tory ,valu,n4 -------------------------------------#cf ,exp5ses ,? sec;n gives y an ov]view (! busi;s exp5ses t y c claim = 9come tax purposes4 ,= m 9=m,n1 visit \r ,web site at _+www.cra.gc.ca/business_: or see ,guide ,t#djjb1 ,busi;s & ,profes.nal ,9come4 #acc ,:at >e busi;s exp5ses a#cf ,a busi;s exp5se is a co/ y 9cur =! sole purpose ( e>n+ busi;s 9come4 ,y m/ back up busi;s exp5se claims )a sales 9voice1 an agree;t ( pur*ase & sale1 a receipt1 or "s o!r v\*] t supports ! exp5diture4 ,if y pay ca% = any busi;s exp5ses1 2 sure 6get receipts or o!r v\*]s4 ,receipts %d 9clude ! v5dor's "n &! date4 ,rememb] 6keep yr c.ell$ *eques if y rcv !m f ! bank4 ,? is "p ( yr pro( t ! bill 0 pd or ! asset pur*as$4 ,keep ! c.ell$ *eques 9 an ord]ly mann] s we c easily review !m4 ,runn+ a busi;s f yr home ,y c deduct exp5ses =! busi;s use (a "w space 9 yr home1 z l;g z y meet ."o ( ^! 3di;ns3 --x is yr pr9cipal place ( busi;s2 or #acd ,*apt] #e b#cf --y use ! space only 6e>n yr busi;s 9come1 & y use ,,x on a regul> & ongo+ basis 6meet yr cli5ts or cu/om]s4 ,y c deduct a "p ( yr ma9t5.e co/s1 s* z h1t+1 home 9sur.e1 electric;y & cl1n+ mat]ials4 ,y c al deduct a "p ( yr prop]ty taxes1 mortgage 9t]e/1 & capital co/ all[.e 7,,cca74 ,6calculate ! "p y c deduct1 use a r1sona# basis1 s* z ! >ea (! "w space divid$ 0! total >ea ( yr home4 ,= m 9=m,n1 see ,guide ,t#djjb1 ,busi;s & ,profes.nal ,9come4 ,types ( op]at+ exp5ses ,p]sonal or liv+ exp5ses ,9 mo/ cases1 y _c deduct p]sonal & liv+ exp5ses1 except = travell+ exp5ses y 9cur 9 ! c\rse ( c>ry+ on a busi;s :ile away f home4 #ace ,*apt] #e c#cf ,! g5]al rule is t y _c deduct \tlays or exp5ses t >e n relat$ 6e>n+ busi;s 9come4 ,prepd exp5ses ,a prepd exp5se is an exp5se y pay ah1d ( "t4 ,if y use ! a3rual me?od ( a3.t+1 claim any exp5se y prepay 9 ! ye> or ye>s 9 : y rcv ! relat$ b5efit4 ,= m 9=m,n1 see ,9t]pret,n ,bullet9 ,,it-#dag1 ,prepd ,exp5ses & ,def]r$ ,*>ges4 ,a3.t+ & legal fees ,y c deduct ! fees y 9curr$ = ext]nal profes.nal advice or s]vices1 9clud+ 3sult+ fees4 ,y c deduct a3.t+ & legal fees y 9cur 6get advice & help 9 keep+ yr records4 ,y c al deduct fees y 9cur = prep>+ & fil+ yr 9come tax & ,,gst/,,hst returns4 #acf ,*apt] #e d#cf ,= m 9=m,n1 see ,9t]pret,n ,bullet9 ,,it-#ii1 ,legal & ,a3.t+ ,fees4 ,adv]tis+ exp5ses ,y c deduct exp5ses = adv]tis+1 9clud+ ads 9 ,canadian newspap]s & on ,canadian televi.n & radio /,ns4 ,y c al 9clude any am.t y pd z a f9d]'s fee4 ,c]ta9 re/ric;ns apply 6! am.t (! exp5se y c deduct = adv]tis+ 9 a p]iodical4 ,y c deduct all ! exp5se if yr adv]tis+ is direct$ 6a ,canadian m>ket &! orig9al $itorial 3t5t 9 ! issue is #hj@3p or m (! total non-adv]tis+ 3t5t 9 ! issue4 -------------------------------------#cg ,y c deduct #ej@3p (! exp5se if yr adv]tis+ 9 a p]iodical is direct$ 6a ,canadian m>ket &! orig9al $itorial 3t5t 9 ! issue is less ?an #hj@3p (! total non-adv]tis+ 3t5t 9 ! issue4 #acg ,*apt] #e a#cg ,y _c deduct exp5ses = adv]tis+ direct$ ma9ly 6a ,canadian m>ket :5 y adv]tise )a =eign broadca/]4 ,busi;s tax1 fees1 lic;es1 & dues ,y c deduct any annual lic;e fees & busi;s taxes y 9cur 6run yr busi;s4 ,y c al deduct annual dues or fees 6keep yr memb]%ip 9 a trade or -m]cial associ,n4 ,h["e1 y _c deduct club memb]%ip dues 79clud+ 9iti,n fees7 ": ! ma9 purpose (! club is 6provide d9+1 recre,nal1 or sport+ facilities = xs memb]s4 ,9sur.e exp5ses ,y c deduct all regul> -m]cial 9sur.e premiums y 9cur on any build+s1 ma*9]y1 & equip;t t y use = yr busi;s4 #ach ,9t]e/ & bank *>ges b#cg ,y c deduct ! 9t]e/ y 9cur on m"oy y borr[ 6run yr busi;s4 ,h["e1 "! >e "s limits4 ,"! is a limit on ! 9t]e/ y c deduct on m"oy y borr[ 6buy a pass5g] vehicle4 ,= m detail$ 9=m,n1 see 8,motor vehicle exp5ses0 9 ,guide ,t#djjb1 ,busi;s & ,profes.nal ,9come4 ,"! is al a limit on ! am.t ( 9t]e/ y c deduct = vacant l&4 ,y c *oose 6capitalize ! 9t]e/ y pay on ! m"oy y borr[ =! foll[+ purposes3 --6buy deprecia# prop]ty2 --6buy a res\rce prop]ty2 or --= explor,n & develop;t4 ,9 ! case ( explor,n & develop;t1 :5 y *oose 6capitalize 9t]e/1 y add ! 9t]e/ 6ei ! co/ (! prop]ty or ! explor,n & develop;t co/s4 ,d n deduct ! capitaliz$ 9t]e/ z a curr5t exp5se4 ,see 8,9t]e/0 9 ,guide ,t#djjb1 ,busi;s & ,profes.nal ,9come4 #aci ,*apt] #e c#cg ,if y ne$ m 9=m,n1 call u at #a-hjj-iei-eebe4 ,ma9t5.e & repairs ,y c deduct ! co/ ( lab\r & mat]ials = any m9or repairs or ma9t5.e d"o 6prop]ty y use 6e>n 9come4 ,h["e1 y _c deduct ! value ( yr [n lab\r4 ,y _c deduct co/s y 9cur = repairs t >e capital 9 nature4 ,h["e1 y may 2 a# 6claim capital co/ all[.e on ! repair$ prop]ty4 ,a capital exp5se g5],y gives a la/+ b5efit or advantage4 ,= example1 ! co/ ( putt+ v9yl sid+ on ! ext]ior walls (a wood5 h\se is a capital exp5se4 ,= m 9=m,n ab capital co/ all[.e1 see ,guide ,t#djjb1 ,busi;s & ,profes.nal ,9come4 ,m1ls & 5t]ta9;t ,! maximum "p y c claim = food1 b"eages1 & 5t]ta9;t exp5ses is #ej@3p ( #adj ,*apt] #e d#cg ei ! am.t y 9cur or an am.t t is r1sona# 9 ! circum/.es1 :i*"e is less4 ,! #ej@3p limit al applies 6! co/ ( yr m1ls :5 y travel or g 6a 3v5;n1 3f];e1 or simil> ev5t4 ,h["e1 special rules c a6ect yr claim = m1ls 9 ^! cases4 ,= an update & m details1 see 8,m1ls & 5t]ta9;t10 8,3v5;n exp5ses10 or 8,travel0 9 ,guide ,t#djjb1 ,busi;s & ,profes.nal ,9come4 ,= m 9=m,n1 see ,9t]pret,n ,bullet9 ,,it-#eah1 ,food1 ,b"eages1 & ,5t]ta9;t ,exp5ses4 ,motor vehicle exp5ses ,y c deduct exp5ses y 9cur 6run a motor vehicle t y use 6e>n busi;s 9come4 ,h["e1 s"eal factors c a6ect yr deduc;n4 #ada ,:at k9d ( vehicle d y [n8 #ch ,! k9d ( vehicle y [n c a6ect ! exp5ses y deduct4 ,= 9come tax purposes1 "! >e ?ree types ( vehicles3 #a4 ,motor vehicle--,any automotive vehicle design$ or adapt$ = use on hiily 6c>ry p on hily m>k$ police & fire em]g5cy- response vehicles2 --a motor vehicle y b"\ 6use m ?an #ej@3p z a taxi1 a bus us$ 9 ! busi;s ( transport+ pass5g]s1 or a he>se 9 a fun]al busi;s2 #adb ,*apt] #e a#ch --a motor vehicle y b"\ 6sell1 r5t1 or l1se 9 a motor vehicle sales1 r5tal1 or l1s+ busi;s2 --a motor vehicle 7except a he>se7 y b"\ 6use 9 a fun]al busi;s 6transport pass5g]s2 --a van1 pick-up truck1 or simil> vehicle t s1ts no m ?an ! driv] & two pass5g]s :1 9 ! tax ye> y b"\ or l1s$1 0 us$ m ?an #ej@3p 6transport gds & equip;t 6e>n 9come2 --a van1 pick-up truck1 or simil> vehicle t1 9 ! tax ye> y b"\ or l1s$1 0 us$ #ij@3p or m 6transport gds1 equip;t1 or pass5g]s 6e>n 9come2 --a pick-up truck t1 9 ! tax ye> y b"\ or l1s$1 0 us$ m ?an #ej@3p 6transport gds1 equip;t1 or pass5g]s :ile e>n+ or produc+ 9come at a remote "w loc,n or at a special "w site t is at l1/ #cj kilometres f ! ne>e/ -mun;y #adc ,*apt] #e b#ch hav+ a popul,n ( at l1/ #dj1jjj p]sons2 & --a cle>ly m>k$ ,em]g5cy ,m$ical ,s]vice vehicle us$ 6c>ry p>am$ics & _! em]g5cy m$ical equip;t4 #c4 ,pass5g] vehicle--,an automobile y b"\ af ,june #ag1 #aihg4 ,a pass5g] vehicle is al an automobile t y l1s$ "u a l1se agree;t y 5t]$ 9to1 ext5d$1 or renew$ af ,june #ag1 #aihg4 ,) c]ta9 excep;ns1 mo/ c>s1 /,n wagons1 vans1 & "s pick-up trucks >e 3sid]$ pass5g] vehicles4 ,if y [n or l1se a pass5g] vehicle1 "! may 2 a limit on ! am.ts y c deduct = capital co/ all[.e1 9t]e/1 & l1s+ co/s4 ,= def9i;ns & m detail$ 9=m,n ab capital co/ all[.e limits1 9t]e/ limits1 & l1s+ co/s1 see ,guide ,t#djjb1 ,busi;s & ,profes.nal ,9come4 #add ,h[ 6record motor vehicle c#ch exp5ses ,y c deduct motor vehicle exp5ses only :5 !y >e r1sona# & y h receipts 6support !m4 ,6get ! full b5efit ( yr claim = ea* vehicle1 keep a record (! total kilometres y drove1 &! kilometres y drove 6e>n busi;s 9come4 ,= ea* busi;s trip1 li/ ! date1 de/9,n1 purpose1 &! numb] ( kilometres y drove4 ,2 sure 6write d[n ! odomet] r1d+ ( ea* vehicle at ! />t & 5d (! ye>4 ,if y *ange motor vehicles dur+ ! ye>1 write d[n ! odomet] r1d+ at ! "t y buy1 sell1 or trade ! vehicle4 ,record ! dates ( ^! r1d+s4 ,:at k9d ( vehicle exp5ses c y deduct8 ,! types ( exp5ses y c deduct 9clude3 --fuel & oil2 --ma9t5.e & repairs2 #ade ,*apt] #e d#ch --9sur.e2 --lic;e & regi/r,n fees2 --capital co/ all[.e2 -------------------------------------#ci --9t]e/ y pay on a loan us$ 6buy ! motor vehicle2 & --l1s+ co/s4 ,jo9t [n]%ip ,if y & ano!r p]son [n or l1se a pass5g] vehicle tgr1 ! limits on capital co/ all[.e1 9t]e/1 & l1s+ / apply4 ,z a jo9t [n]1 ! total am.t y & any o!r [n]s deduct _c 2 m ?an ! am.t t "o p]son [n+ or l1s+ ! vehicle cd deduct4 ,busi;s use (a motor vehicle ,if y use a motor vehicle = bo? busi;s & p]sonal use1 y c deduct only ! por;n (! exp5ses t relates 6e>n+ busi;s 9come4 ,h["e1 y c deduct ! full am.t ( p>k+ fees relat$ 6yr busi;s activities #adf ,*apt] #e a#ci & supple;t>y busi;s 9sur.e = yr motor vehicles4 ,6support ! am.t y deduct1 keep a record ( bo? ! total kilometres y drove1 &! kilometres y drove 6e>n 9come4 ,! foll[+ *>t %[s y h[ 6keep ? type ( record4 ,jay [ns a /]eo retail busi;s & has a van t he uses =! busi;s4 ,9 keep+ 8 records1 ,jay wrote d[n ! foll[+ 9=m,n =! curr5t ye>3 ,kilometres driv5 6e>n busi;s 9come """""""""""""""""""""""" #bg1jjj ,total kilometres driv5 """""""" #cj1jjj ,gas & oil """"""""""""""""""""" 4#b1djj ,capital co/ all[.e """""""""""" 4#d1ejj ,9sur.e """""""""""""""""""""""""" 4#hjj ,lic;e & regi/r,n fees """"""""""" 4#ajj ,ma9t5.e & repairs """"""""""""""" 4#bjj ,total exp5ses =! van """""""""" 4#h1jjj #adg ,*apt] #e b#ci ,jay calculates ! exp5ses he c deduct = 8 van 9 ! curr5t ye> z foll[s3 #bg1jjj 7busi;s kilometres7 divid$ 0#cj1jjj 7total kilemetres7 multipli$ 04#h1jjj equals 4#g1bjj ,note ,:5 y use m ?an "o motor vehicle 6e>n 9come1 calculate ! exp5ses = ea* vehicle sep>ately4 ,9t]e/ exp5ses on vehicle loans ,y c deduct 9t]e/ on m"oy y borr[ 6buy a motor vehicle1 automobile1 or pass5g] vehicle t y use 6e>n busi;s 9come4 ,9clude ! 9t]e/ z an exp5se :5 y calculate yr all[a# motor vehicle exp5ses4 ,h["e1 :5 y use a pass5g] vehicle 6e>n busi;s 9come1 "! is a limit on ! am.t ( 9t]e/ y c deduct4 ,= m 9=m,n1 see ,guide ,t#djjb1 ,busi;s & ,profes.nal ,9come4 #adh ,vehicle l1s+ exp5ses c#ci ,y c deduct ! l1s+ co/s (a motor vehicle t y use 6e>n busi;s 9come4 ,9clude ! l1s+ co/s :5 y calculate yr all[a# motor vehicle exp5ses4 ,h["e1 :5 y use a pass5g] vehicle 6e>n 9come1 "! is a limit on ! am.t ( l1s+ co/s y c deduct4 ,6calculate yr eligi# l1s+ co/s1 see ,guide ,t#djjb1 ,busi;s & ,profes.nal ,9come4 ,(fice exp5ses ,y c deduct ! co/ ( (fice exp5ses1 : 9clude small items s* z p5s1 p5cils1 pap] clips1 /,n]y1 & /amps4 ,(fice exp5ses d n 9clude items s* z calculators1 fil+ cab9ets1 *airs1 & desks1 : >e capital items4 ,= m 9=m,n1 see ,guide ,t#djjb1 ,busi;s & ,profes.nal ,9come4 #adi ,sal>ies1 9clud+ employ]'s d#ci 3tribu;ns ,y c deduct sal>ies y pay 6employees4 ,y report ^! sal>ies 0! 5d ( ,febru>y on a ,t#d slip1 ,/ate;t ( ,remun],n ,pd1 or ,t#d;,a slip1 ,/ate;t ( ,p5.n1 ,retire;t1 ,annu;y & ,o!r ,9come4 ,= m details on ^! slips1 see ,guide ,t#djja1 ,employ]s' ,guide--,payroll ,deduc;ns & ,remitt.es4 -------------------------------------#dj ,c y deduct busi;s />t-up co/s8 ,6be a# 6deduct a busi;s exp5se1 y _h 6h c>ri$ on a busi;s 9 ! fiscal p]iod 9 : ! exp5se 0 9curr$4 ,2c ( ?1 y h 6be v cle> ab ! date yr busi;s />t$4 ,det]m9+ exactly :at y c claim z a />t-up exp5se c 2 di6icult4 ,= m 9=m,n1 see ,9t]pret,n ,bullet9 ,,it-#cfd1 ,-m;e;t ( ,busi;s ,op],ns4 #aej ,*apt] #e a#dj ,= m 9=m,n --,t#djjb1 ,busi;s & ,profes.nal ,9come --,t#djjd1 ,fi%+ ,9come --,t#djjc1 ,f>m+ ,9come --,t#djcf1 ,r5tal ,9come --,t#djcg1 ,capital ,ga9s --,t#djja1 ,employ]s' ,guide--,payroll ,deduc;ns & ,remitt.es --,,rc#djbb1 ,g5]al ,9=m,n = ,,gst/,,hst ,regi/rants --,=m ,t#babd1 ,/ate;t ( ,busi;s ,activities --,=m ,t#bjcb1 ,/ate;t ( ,profes.nal ,activities --,=m ,t#babe1 ,/ate;t ( ,busi;s or ,profes.nal ,activities 7= #bjjh & future ye>s7 --,=m ,t#bjdb1 ,/ate;t ( ,f>m+ ,activities --,=m ,t#baba1 ,/ate;t ( ,fi%+ ,activities --,=m ,t#aafc1 ,/ate;t ;,a-- ,agri,/abil;y & ,agri,9ve/ #aea ,*apt] #e b#dj ,programs ,9=m,n & ,/ate;t ( ,f>m+ ,activities = ,9dividuals --,=m ,t#aafd1 ,/ate;t ;,b-- ,agri,/abil;y & ,agri,9ve/ ,programs ,9=m,n & ,/ate;t ( ,f>m+ ,activities = ,a4i;nal ,f>m+ ,op],ns --,=m ,t#abgc1 ,/ate;t ;,a--,h>moniz$ ,agri,/abil;y & ,agri,9ve/ ,programs ,9=m,n & ,/ate;t ( ,f>m+ ,activities = ,9dividuals --,=m ,t#abgd1 ,/ate;t ;,b--,h>moniz$ ,agri,/abil;y & ,agri,9ve/ ,programs ,9=m,n & ,/ate;t ( ,f>m+ ,activities = ,a4i;nal ,f>m+ ,op],ns --,9t]pret,n ,bullet9 ,,it-#ddb1 ,bad debts & ,res]ves = ,d\bt;l ,debts --,9t]pret,n ,bullet9 ,,it-#aed1 ,special ,res]ves --,9t]pret,n ,bullet9 ,,it-#dgc1 ,9v5tory ,valu,n --,9t]pret,n ,bullet9 ,,it-#dag1 ,prepd ,exp5ses & ,def]r$ ,*>ges --,9t]pret,n ,bullet9 ,,it-#cfd1 ,-m;e;t ( ,busi;s ,op],ns #aeb ,*apt] #e c#dj --,web site _+www.cra.gc.ca_: #aec #aed ,*apt] #f3 ,audits #da ,:at is an audit8 ,audit+ is a way =! ,,cra 6monitor & 9spect ,,gst/,,hst & 9come tax returns1 excise taxes & duties1 & payroll records4 ,al? "! is a hi< /&>d ( -pli.e )! law 9 ,canada1 audits help u ma9ta9 public 3fid;e 9 ! fair;s & 9tegr;y ( ,canada's tax sy/em4 ,h[ we select files 6audit ,yr tax return is record$ 9 a -put] sy/em t 5a#s u 6select returns 6be audit$4 ,! sy/em al all[s u 6sort returns 96v>i\s gr\ps 6help ) \r selec;n4 ,9 "s cases1 we -p>e select$ f9ancial 9=m,n = curr5t & previ\s ye>s ( cli5ts 5gag$ 9 simil> busi;ses or o3up,ns4 ,f -put]-g5]at$ li/s ( returns = pot5tial audit1 we !n *oose specific returns4 #aee ,*apt] #f a#da ,mo/ returns >e select$ 9 ? way4 ,b "! >e f\r -mon ways ( select+ files4 #a4 ,-put]-g5]at$ li/s ,mo/ returns >e select$ = audit review f -put]-g5]at$ li/s4 ,= example1 ! -put] sy/em c -p>e select$ f9ancial 9=m,n ( taxpay]s 5gag$ 9 simil> busi;s or o3up,ns & g5]ate li/s ( returns ) audit pot5tial4 ,f ^! li/s1 we *oose specific returns 6be audit$4 #b4 ,audit projects ,9 "s cases1 we te/ ! -pli.e (a "picul> gr\p ( taxpay]s4 ,if ! te/ results 9dicate t "! is significant non-compli.e )9 ! gr\p1 we may audit xs memb]s on a local1 regional1 or n,nal basis4 #c4 ,l1ds ,l1ds 9clude 9=m,n f o!r audits or 9ve/ig,ns1 z well z 9=m,n f \tside s\rces4 #aef ,*apt] #f b#da #d4 ,second>y files ,"s"ts we select files = audit 2c ( _! associ,n ) o!r previ\sly select$ files4 ,= example1 if y >e 9 "pn]%ip ) ano!r taxpay]1 & t p]son's file has be5 select$ = audit1 x is usu,y m 3v5i5t 6exam9e all ! records at ! same "t4 ,h[ we 3duct audits ,if y >e select$1 an auditor w review yr records at a ,,cra (fice 7(fice audit7 or at yr place ( busi;s 7field audit74 ,! audit usu,y 9cludes an exam9,n (! foll[+ docu;ts3 --9=m,n on file at ! ,,cra1 s* z ! returns select$ = audit1 f9ancial /ate;ts1 audit reports f previ\s audits1 if any2 & --yr busi;s records 9clud+ yr l$g]s1 j\rnals1 bank a3.ts1 sales 9voices1 pur*ase v\*]s1 & exp5se a3.ts4 #aeg ,*apt] #f c#da ,! auditor w 3tact y & ei reque/ t y s5d specific records 6a ,,cra (fice1 or >range a 3v5i5t date & "t 6/>t ! audit at yr place ( busi;s4 ,if a field audit is requir$1 ^u >riv+ at yr place ( busi;s1 ! auditor w pres5t an id5tific,n c>d4 ,2f exam9+ yr records1 ! auditor may want 64cuss ! g5]al nature ( yr busi;s1 or t\r ! premises 6get a bett] "u/&+ (! transac;ns record$ 9 yr books4 ,"?\t ! process1 ! auditor may ne$ 6get 9=m,n & assi/.e f yr employees1 "picul>ly ^? :o d yr a3.t+4 -------------------------------------#db ,delays 9 ! audit1 & h[ 6avoid !m ,! "t an audit takes dep5ds on ! /ate ( yr a3.t+ records & relat$ docu;ts1 z well z ! size & -plex;y ( yr busi;s4 ,yr co-op],n w help keep ? "t 6a m9imum4 ,well-kept records w reduce ! "t requir$ 6-plete ! audit4 ,ref] 6! #aeh ,*apt] #f a#db record-keep+ guidel9es on page #aa ( ? guide4 ,f9aliz+ an audit ,:5 ! audit is -plet$1 ! auditor may propose c]ta9 adju/;ts 6yr return4 ,he or %e w prep>e a summ>y (! propos$ adju/;ts4 ,9iti,y1 ! auditor w 4cuss ? ) y or yr repres5tative4 ,if y reque/ x1 or if x is r1sona# 6expect t y w ne$ "s "t 6analyze ! propos$ adju/;ts1 ! auditor w 3firm ! proposal 9 writ+ & all[ a r1sona# "t = yr reply4 ,if y provide a4i;nal 9=m,n )9 ? p]iod1 ! auditor w 3sid] x & w issue a new proposal lr1 if applica#4 ,if "! >e no propos$ adju/;ts 6yr return1 ! auditor w 9=m y ( ? :5 ! audit is -plet$4 ,if "! >e *anges1 y w 2 issu$ a ,notice ( ,assess;t or ,notice ( ,reassess;t4 #aei ,*apt] #f b#db ,note ,! auditor's role is 6det]m9e ! correct am.t ( duty or tax paya#4 ,? may m1n t yr taxes w 2 reduc$ & y w get a refund z a result4 #afj ,*apt] #g3 ,objec;ns & #dc app1ls ,:at 6d if y 4agree )a tax assess;t ,if y d n "u/& or y 4agree ) an assess;t1 call #a-hjj-iei-hbha4 ,y c al write 6! tax c5tre t d1lt ) yr return4 ,we resolve _m pro#ms ) assess;ts 9 ? way4 ,if y employ ! s]vices (a tax profes.nal1 y may wi% 63sult ) t p]son4 ,! objec;n process ,"u 9come tax & ,,gst/,,hst legisl,n1 y c file an objec;n if y 4agree ) yr ,notice ( ,assess;t or ,notice ( ,reassess;t & y ?9k t ! law has be5 appli$ 9correctly4 .,9come .tax--,y c d ? 0us+ ! 8,regi/] my =mal 4pute0 op;n at ,my ,a3.t on \r ,web site at _+www.cra.gc.ca/myaccount_:1 or 0s5d+ ,=m ,t#djj;,a1 ,objec;n--,9come #afa ,*apt] #g a#dc ,tax ,act1 or a sign$ lr a4ress$ 6! ,*ief ( ,app1ls1 at yr local ,app1ls ,9take ,c5tre4 ,resid5ts (! prov9ces we/ ( ,ont>io &! #c t]ritories may s5d ! objec;n 6! foll[+ a4ress3 ,we/]n ,9take ,c5tre ,burnaby/,fras] ,,tso #igcg ,k+ ,george ,hiio & prov9ces ea/ may s5d ! objec;n 6! foll[+ a4ress3 ,sudbury ,9take ,c5tre ,sudbury ,tax ,s]vices ,(fice ,app1ls ,divi.n #ajej ,notre ,dame ,av5ue ,sudbury ,,on ,p#c;,a #e;,c#a ,= m 9=m,n1 visit \r ,web site at _+www.cra.gc.ca/resolvingdisputes_:4 #afb ,*apt] #g b#dc ,if y >e an 9dividual 7o!r ?an a tru/7 or if y >e fil+ =a te/a;t>y tru/1 y m/ file yr objec;n 0! lat] (3 --"o ye> af ! due date (! return2 or --#ij "ds af ! date we mail$ yr ,notice ( ,assess;t or ,notice ( ,reassess;t4 ,9 e o!r case1 y h 6file yr objec;n )9 #ij "ds (! "d we mail$ ! ,notice ( ,assess;t or ,notice ( ,reassess;t4 ,,gst/,,hst--,y m/ use ,=m ,,gst#aei1 ,notice ( ,objec;n 7,,gst/,,hst71 6file yr objec;n4 ,s5d x 6! ,*ief ( ,app1ls at yr local ,app1ls ,9take ,c5tre )9 #ij "ds (! "d we mail ! ,notice ( ,assess;t or ,notice ( ,reassess;t4 ,:5 we rcv yr objec;n1 ! ,app1ls ,divi.n w 3duct an 9dep5d5t im"pial review (! assess;t4 ,if ! ,*ief ( ,app1ls agrees ) y 9 :ole or 9 "p1 we w adju/ yr return & s5d y a ,notice ( ,reassess;t4 ,h["e1 if ! ,*ief ( ,app1ls #afc ,*apt] #g c#dc 4agrees1 we w s5d y a ,notice ( ,3firm,n 3firm+ t ! assess;t 0 correct4 .,excise .,act1 .#bjja--,y m/ use ,=m ,e#fhj1 ,notice ( ,objec;n--,excise ,act1 #bjja1 6file yr objec;n )9 #ij "ds (! "d we mail$ ! ,notice ( ,assess;t or ,notice ( ,reassess;t4 ,s5d yr objec;n 6! foll[+ a4ress3 ,assi/ant ,-mis.n]1 ,app1ls ,bran* ,tw5ty-second ,floor #be ,ni*olas ,/reet ,ottawa ,,on ,k#a;,a #j;,l#e ,,cpp/;,,ei--,if y ?9k we h mis9t]pret$ ! facts or appli$ ! law 9correctly1 y h ! "r 6app1l assess;ts & rul+s relat$ 6! ,,cpp & ;,,ei4 ,6file an app1l 6! ,m9i/]1 y c3 --use ,my ,busi;s ,a3.t2 --mail yr app1l directly 6! ,,cpp/;,,ei ,app1ls (fice locat$ 9 yr region or 6any tax s]vices (fice2 #afd ,*apt] #g #dd --if y want 6app1l a .rul+ ( ,,cpp &/or ;,,ei1 y c use ,=m ,,cpt#ajj1 ,app1l (a ,rul+ "u ! ,canada ,p5.n ,plan &/or ,employ;t ,9sur.e ,act2 or --if y want 6app1l an assess;t ( ,,cpp &/or ;,,ei1 y c use ,=m ,,cpt#aja1 ,app1l ( an ,assess;t "u ! ,canada ,p5.n ,plan &/or ,employ;t ,9sur.e ,act4 ,9 all cases1 y c *oose 6s5d a lr detail+ yr reque/1 sign$ 0! appellant or 0an au?oriz$ (fic] (! corpor,n4 ,tax ,c\rt ( ,canada ,if y / d n agree1 y c app1l \r deci.n 6! ,tax ,c\rt ( ,canada4 ,y h #ij "ds f ! date we mail \r deci.n on yr objec;n 7a ,notice ( ,reassess;t or a ,notice ( ,3firm,n74 ,y c al file an app1l 6! ,tax ,c\rt ( ,canada if we d n notify y ( \r deci.n )9 #ij "ds (! date y fil$ yr 9come tax objec;n1 or )9 #ahj "ds #afe ,*apt] #g a#dd (! date y fil$ a ,,gst/,,hst or excise duty objec;n4 ,! ,tax ,c\rt ( ,canada d1ls ) app1ls "u ! 9=mal or g5]al proc$ure4 ,9=mal proc$ure ,? proc$ure is design$ 6resolve less -plex cases 9volv+ small] am.ts ( taxes1 9t]e/1 & p5alties4 ,y h 69dicate 9 yr app1l t y want ! ,c\rt 6he> yr case "u ? proc$ure4 ,"? a s]ies ( /rict "t frames built 96? proc$ure1 deci.ns %d 2 made )9 ab six mon?s (! date y fil$ yr app1l4 ,deci.ns >e f9al & n subject 6app1l4 ,h["e1 !y >e subject 6judicial review 0! ,f$]al ,c\rt ( ,app1l4 ,g5]al proc$ure ,if y d n elect 6h yr app1l he>d "u ! 9=mal proc$ure1 x w 2 he>d "u ! g5]al proc$ure4 #aff ,*apt] #g b#dd ,? is a m =mal process t 9cludes3 --fil+ a writt5 notice ( app1l2 --pay+ a fil+ fee2 --re/rict+ repres5t,n 9 c\rt 6ei y or yr lawy]2 --aw>d+ co/s 6ei "py 7! pla9tiff or ! def5dant74 ,! ,f$]al ,c\rt ( ,app1l reviews app1ls 0ei "py ( deci.ns made "u ? proc$ure4 ,f$]al ,c\rt ( ,app1l ,if ei y or ! ,m9i/] ( ,n,nal ,rev5ue want 6app1l a deci.n ! ,tax ,c\rt ( ,canada made "u ! g5]al proc$ure1 ! app1l m/ 2 fil$ )! ,f$]al ,c\rt ( ,app1l no lat] ?an #cj "ds af ! deci.n4 ,ei "py c reque/ t ! ,f$]al ,c\rt ( ,app1l review a deci.n ! ,tax ,c\rt ( ,canada made "u ! 9=mal proc$ure4 ,! ,f$]al ,c\rt review w 2 re/rict$ 6"qs ( law & jurisdic;n4 ,an applic,n = ? type ( review has 6be fil$ no lat] ?an #afg ,*apt] #g c#dd #cj "ds af ! deci.n (! ,tax ,c\rt ( ,canada4 ,supreme ,c\rt ( ,canada ,y c app1l a judge;t (! ,f$]al ,c\rt ( ,app1l 6! ,supreme ,c\rt ( ,canada4 ,h["e1 y f/ h 6get ! ,supreme ,c\rt's p]mis.n4 ,collec;n ( 4put$ am.ts ,if y object 6or app1l an 9come tax assess;t1 we usu,y po/p"o collec;n ac;n on am.ts 9 4pute until #ij "ds af we mail \r deci.n 6y4 ,we w n po/p"o collec;n ac;n on "s 4put$ am.ts1 s* z employees' 9come tax t y 7 requir$ 6)hold & remit4 ,y d n h 6pay ! tax y >e 4put+ :ile y >e wait+ =! ,,cra or a c\rt 6settle yr app1l4 ,h["e1 ^! taxes >e / subject 6! usual 9t]e/ *>ges4 ,2f y app1l a l[] c\rt's deci.n 6a hi<] c\rt1 y h #afh ,*apt] #g d#dd 6pay ! tax 9 4pute or po/ a3epta# secur;y4 -------------------------------------#de ,if y lose yr app1l 6! ,tax ,c\rt ( ,canada1 we w resume collec;n ac;n ev5 if y app1l ! ,c\rt's deci.n4 ,h["e1 we w a3ept secur;y = pay;t :ile yr app1l is \t/&+4 ,if y object 6a ,,gst/,,hst assess;t1 collec;n ac;n may 2 po/pon$4 ,h["e1 y may po/ a3epta# secur;y :ile we >e review+ yr objec;n4 ,yr "rs1 5title;ts1 & oblig,ns ,! ,,cra op]ates on ! funda;tal 2lief t xs taxpay]s >e m likely 6-ply )! law if !y >e tr1t$ fairly & h ! 9=m,n1 advice1 & o!r s]vices !y ne$ 6meet _! oblig,ns4 ,^! oblig,ns may 9clude fil+ requir$ returns1 pay+ taxes1 provid+ 9=m,n1 & prop]ly dclg import$ or export$ gds4 #afi ,*apt] #g a#de ,:ile we want 6make sure y >e aw>e ( yr oblig,ns1 we al want 6make sure t y "u/& & c ex]cise yr "rs4 ,= m 9=m,n on ,taxpay] ,relief ,provi.ns & taxpay] "rs1 visit \r ,web site at _+www.cra.gc.ca/fairness_:1 or see ,guide ,,rc#ag1 ,taxpay] ,bill ( ,"rs ,guide3 ,"u/&+ ,yr ,"rs z a ,taxpay]4 ,= 9=m,n on ! ,,cra's ,-mit;t 6,small ,busi;s1 visit \r ,web site at _+www.cra.gc.ca/agency/fairness/_& tbrbill-e.html#smb_:4 ,taxpay] ,relief ,provi.ns ,we c waive or c.el all or "p (! 9t]e/ or p5alties :5 !y result f circum/.es t >e 2y yr 3trol4 ,s* circum/.es cd 9clude a s]i\s ill;s1 natural 4a/]s1 or a po/al s]vice /rike t prev5ts y f fil+ an 9come tax or ,,gst/,,hst return1 or mak+ a pay;t 0! requir$ d1dl9e4 ,provi.ns 9 ! ,9come ,tax ,act & ,excise ,tax ,act 7= ,,gst/,,hst7 #agj ,*apt] #g b#de help u adm9i/] ! legisl,n fairly4 ,^! provi.ns apply 69dividuals1 te/a;t>y tru/s1 small busi;s [n]s1 & corpor,ns4 ,all reque/s = relief %d 2 submitt$ 9 writ+4 ,= reque/s made on or af ,janu>y #a1 #bjje "u ! taxpay] relief provi.ns (! ,9come ,tax ,act1 ! ,m9i/] may grant relief = any tax ye> 7or fiscal p]iod 9 ! case (a "pn]%ip7 t 5d$ )9 #aj ye>s 2f ! cal5d> ye> 9 : ! taxpay]'s reque/ 0 made4 ,= m 9=m,n1 see ,9=m,n ,circul> ,,ic-#jg-a1 ,taxpay] ,relief ,provi.ns4 ,= reque/s made on or af ,april #a1 #bjjg "u ! taxpay] relief provi.ns (! ,excise ,tax ,act1 ! ,m9i/] may grant relief = any report+ p]iod t 5d$ )9 #aj ye>s 2f ! cal5d> ye> 9 : ! taxpay]'s reque/ 0 made4 ,taxpay]s c a4ress reque/s 9volv+ ! taxpay] relief provi.ns 6any ,,cra (fice4 ,=m ,,rc#dbhh1 ,reque/ = ,taxpay] ,relief1 c 2 us$ 6make a reque/4 ,a copy ( ? =m is availa# on \r ,web site #aga ,*apt] #g c#de at _+www.cra.gc.ca/_e/pbg/tf/rc4288_:1 or 0call+ #a-hjj-iei-bbba4 -------------------------------------#df ,= m 9=m,n --,=m ,t#djj;,a1 ,objec;n--,9come ,tax ,act --,=m ,,gst#aei1 ,notice ( ,objec;n 7,,gst/,,hst7 --,=m ,e#fhj1 ,notice ( ,objec;n-- ,excise ,act1 #bjja --,=m ,,rc#dbhh1 ,reque/ = ,taxpay] ,relief --,=m ,,rc#aic1 ,s]vice-,relat$ ,-pla9t --,=m ,,cpt#ajj1 ,app1l (a ,rul+ "u ! ,canada ,p5.n ,plan &/or ,employ;t ,9sur.e ,act --,=m ,,cpt#aja1 ,app1l ( an ,assess;t "u ! ,canada ,p5.n ,plan &/or ,employ;t ,9sur.e ,act --,pamphlet ,p#adh1 ,resolv+ ,yr ,4pute3 ,objec;n & ,app1l ,"rs ,"u ! ,9come ,tax ,act #agb ,*apt] #g a#df --,booklet ,,rc#ddbj1 ,9=m,n on ,,cra --,s]vice ,-pla9ts --,9=m,n ,circul> ,,ic-#jg-a1 ,taxpay] ,relief ,provi.ns --,,rc#ag1 ,taxpay] ,bill ( ,"rs ,guide3 ,"u/&+ yr ,"rs z a ,taxpay] --,web sites _+www.cra.gc.ca_: _+www.cra.gc.ca/forms_: ,fair;s & ,taxpay] ,bill ( ,"rs _+www.cra.gc.ca/fairness_: ,taxpay] relief provi.ns & volunt>y 4closures _+www.cra.gc.ca/agency/_& programs__services/disagree/_& fairness-e.html_: #agc #agd ,*apt] #h3 ,at yr s]vice #dg ,y c get 9=m,n & public,ns1 & 3duct o!r types ( busi;s on \r ,web site at _+www.cra.gc.ca_: or 3tact u at #a-hjj-iei-eebe = busi;s 5quiries & #a-hjj-iei-bbba = =ms4 ,"s ( ^! public,ns & s]vices >e al availa# at ,gov]n;t ( ,canada ,9fo ,c5tres4 ,y c 3tact ^! (fices = writt5 9=m,n on 9come tax1 cu/oms duties & t>i6s1 & ,,gst/,,hst programs4 ,electronic s]vices = busi;ses ,electronic s]vices help busi;ses 0/r1ml9+ -munic,ns )! ,,cra & simplify+ ! prep>,n & submis.n ( tax 9=m,n4 ,take advantage (! gr[+ l9e ( secure electronic s]vices t we (f]4 ,65sure ! privacy & secur;y ( yr 9=m,n1 we use m1sures s* z firewalls & "o (! mo/ secure =ms ( 5cryp;n availa# 9 ,nor? #age ,*apt] #h a#dg ,am]ica4 ,we use ! same level ( 5cryp;n z ,nor?-,am]ican f9ancial 9/itu;ns4 ,my ,a3.t ,my ,a3.t is a secure onl9e s]vice t gives y ! 3v5i;e & flexibil;y ( view+ & manag+ yr p]sonaliz$ 9=m,n4 ,? s]vice gives y a3ess 6yr tax refund or bal.e [+1 direct deposit 9=m,n1 au?oriz$ repres5tatives & s m* m4 ,x al all[s y 6manage yr p]sonal 9come tax & b5efit a3.t onl9e 0*ang+ yr return1 *ang+ yr a4ress or teleph"o numb]s1 apply+ = * b5efits1 au?oriz+ yr repres5tative1 sett+ up a pay;t plan & =m,y 4put+ yr assess;t4 ,= m 9=m,n1 visit ,my ,a3.t on \r ,web site at _+www.cra.gc.ca/myaccount_: or see ,pamphlet ,,rc#djei1 ,my ,a3.t = ,9dividuals4 #agf ,my ,busi;s ,a3.t b#dg ,my ,busi;s ,a3.t1 "o ( ,,cra's onl9e s]vices1 provides 3v5i5t & secure a3ess 6a gr[+ range ( p]sonaliz$ busi;s a3.t 9=m,n & s]vices4 ,x (f]s busi;s [n]s onl9e a3ess 6_! ,,gst/,,hst1 payroll1 corpor,n 9come tax1 excise tax1 excise duty1 & o!r levies a3.ts4 ,y c view a3.t bal.es & transac;ns1 file ,,gst/,,hst returns1 transmit corpor,n 9come tax & 9=m,n returns 7s* z ,t#d slips71 & view previ\sly issu$ correspond;e items "r f yr p]sonal -put]4 ,? s]vice al all[s y 6regi/] a =mal 4pute reg>d+ payroll1 corpor,n 9come taxes1 & excise duty4 ,z ( ,octob] #bjjg1 ,my ,busi;s ,a3.t all[s y 6au?orize yr repres5tatives onl9e1 9clud+ yr employees4 ,= m 9=m,n1 visit \r ,web site at _+www.cra.gc.ca/mybusinessaccount_:4 #agg ,repres5t a cli5t c#dg ,z ( ,octob] #bjjg1 au?oriz$ repres5tatives >e a# 6view a3.t 9=m,n & transact onl9e on 2half (! busi;s [n]s "? ! ,repres5t a cli5t s]vice4 ,busi;s [n]s c au?orize _! repres5tatives "? ,my ,busi;s ,a3.t1 or )! newly revis$ ,,rc#ei1 ,busi;s ,3s5t ,=m4 ,= m 9=m,n1 visit _+www.cra.gc.ca/representatives_:4 ,mak+ onl9e reque/s ,y c reque/ c]ta9 f9ancial ac;ns 7s* z pay;t se>*1 cr$it transf]1 or 9t]e/ review7 6be process$ on ,,gst/,,hst1 corpor,n 9come tax1 excise tax1 excise duty1 & o!r levies a3.ts4 ,! ,onl9e ,reque/s = ,busi;s s]vice al a3epts reque/s =! foll[+ items3 --a4i;nnal remitt.e v\*]s2 --cu/omiz$ /ate;ts2 -------------------------------------#dh --copies ( previ\sly issu$ -munic,n items2 #agh ,*apt] #h a#dh --*anges 6mail+ 9/ruc;ns 7/op/re/>t a3.t /ate;ts & remitt.e 5velopes74 ,= m 9=m,n on ? 3v5i5t s]vice1 visit _+www.cra.gc.ca/requests-business_:4 ,regi/]+ yr busi;s ,busi;s ,regi/r,n ,onl9e is a "o-/op regi/r,n s]vice t all[s y 6apply =a ,,bn )! ,,cra & regi/] = programs adm9i/]$ 0,briti% ,columbia1 ,nova ,scotia1 & ,ont>io4 ,y c al use ? onl9e s]vice if y alr h a ,,bn & ne$ 6regi/] = any (! f\r major program a3.ts 7,,gst/,,hst1 payroll deduc;ns1 corpor,n 9come tax1 & import/export74 ,busi;ses )a physical a4ress 9 ,quebec t ne$ a ,,gst a3.t w 2 automatic,y l9k$ 6! ,rev5u ,quebec site4 ,= m 9=m,n1 visit _+www.cra.gc.ca/bro_:4 #agi ,fil+ returns b#dh ,file yr p]sonal 9come tax return us+ ,,netfile ,,netfile is "o ( \r electronic tax- fil+ op;ns4 ,? transmis.n s]vice all[s y 6file yr p]sonal 9come tax return directly 6! ,,cra us+ ! ,9t]net4 ,y c only transmit yr [n tax return 6! ,,cra us+ ,,netfile4 ,au?oriz$ repres5tatives _c transmit tax returns on 2half ( _! cli5ts via ,,netfile4 ,:5 y use ,,netfile1 y _c *ange any ( yr p]sonal 9=m,n s* z yr "n1 a4ress1 date ( bir?1 or direct deposit 9=m,n4 ,6*ange yr a4ress1 pl1se visit ,my ,a3.t prior 6us+ ,,netfile4 ,y w ne$ an epass 6use ,my ,a3.t4 ,if y don't h "o1 y c call #a-hjj-gad-gbeg 6make ! nec *anges 6yr a4ress 2f us+ ,,netfile4 #ahj ,file yr corpor,n 9come c#dh tax return ov] ! ,9t]net ,y c file yr corpor,n 9come tax return directly )! ,,cra us+ ! ,9t]net4 ,y w b5efit f fa/] process+ & refunds1 less pap] use1 & l[] mail+ & c\ri] co/s4 ,once a corpor,n 9come tax return has be5 prep>$ us+ ,,cra,'-c]tifi$ -m]cial s(tw>e1 simply a3ess ! ,corpor,n ,9t]net ,fil+ ,web site1 foll[ ! easy-to-use 9/ruc;ns1 & transmit ! return4 ,y w rcv imm 3firm,n t ! return has be5 a3ept$ = process+4 ,if y 5c.t] pro#ms s5d+ ! electronic return1 onl9e messages w help y correct !m4 ,:5 y regi/] )! ,,cra = direct deposit "? yr f9ancial 9/itu;n1 local bran* or s]vice provid]1 yr refund w 2 9 yr a3.t ! same "d we wd h mail$ yr *eque4 ,6take advantage ( ? s]vice1 simply -plete & submit ,=m ,t#b-;,,dd1 ,direct ,deposit ,reque/ ,=m = ,corpor,ns1 availa# at _+www.cra.gc.ca/dd-bus_:4 #aha ,*apt] #h d#dh ,= m 9=m,n1 visit _+www.cra.gc.ca/corporation-internet_: or call ! ,corpor,n ,9t]net ,fil+ ,help ,desk at #a-hjj-iei-bhjc4 ,fil+ yr ,,gst/,,hst returns electronic,y ,! ,,cra (f]s y ! op;ns ( fil+ yr ,,gst/,,hst returns ov] ! ,9t]net1 0teleph"o1 or "? yr f9ancial 9/itu;n or ?ird-"py s]vice provid]4 ,eligi# ,,gst/,,hst regi/rants fil+ a return )a debit bal.e or nil bal.e1 or claim+ a refund ( 4#aj1jjj or less1 c d s qkly1 easily1 & securely ov] ! ,9t]net ) ,,gst/,,hst ,,netfile1 or 0us+ a t\*-t"o ph"o ) ,,gst/,,hst ,,telefile4 ,n only w y rcv imm 3firm,n t yr return has be5 rcvd1 b y w al rcv yr refund fa/]4 -------------------------------------#di ,:5 y regi/] )! ,,cra = direct deposit "? yr f9ancial 9/itu;n1 local bran* or s]vice provid]1 yr refund w 2 9 #ahb ,*apt] #h a#di yr a3.t ! same "d we wd h mail$ yr *eque4 ,6take advantage ( ? s]vice1 simply -plete & submit ,=m ,,gst#dfi1 ,direct ,deposit ,reque/1 availa# at _+www.cra.gc.ca/dd-bus_:4 ,y may al 2 a# 6electronic,y file yr return & make yr pay;t "? a "picipat+ f9ancial 9/itu;n or ?ird-"py s]vice provid]4 ,3tact yr local bran* or s]vice provid] 6see if !y (f] ? s]vice1 or visit _+www.cra.gc.ca/gsthst-edi_:4 ,= m 9=m,n ab ! v>i\s ways ( fil+ ,,gst/,,hst returns1 visit _+www.cra.gc.ca/gsthst-filing_:4 ,note ,eligi# corpor,n 9come tax1 ,,gst/,,hst1 & 9=m,n returns c 2 fil$ electronic,y 0busi;s [n]s "? ,my ,busi;s ,a3.t1 or 0au?oriz$ repres5tatives "? ,repres5t a ,cli5t4 #ahc ,mak+ electronic pay;ts b#di ,y may 2 a# 6make yr pay;ts electronic,y "? yr f9ancial 9/itu;n's teleph"o or ,9t]net bank+ s]vices or "? a ?ird-"py s]vice provid]4 ,visit _+www.cra.gc.ca/electronicpayments_:1 or 3tact yr f9ancial 9/itu;n or s]vice provid] 6see :at s]vices !y (f]4 ,mo/ f9ancial 9/itu;ns al all[ y 6s*$ule future-dat$ pay;ts4 ,! ,,gst/,,hst ,regi/ry ,! ,,gst/,,hst ,regi/ry is an onl9e s]vice t all[s y 6validate ! ,,gst/,,hst numb] (a busi;s1 : helps 65sure t claims submitt$ = 9put tax cr$its only 9clude ,,gst/,,hst *>g$ 0suppli]s :o >e regi/]$ = ,,gst/,,hst4 ,= m 9=m,n1 visit _+www.cra.gc.ca/gsthstregistry_:4 ,y c validate ! ,quebec ,sales ,tax 7,,qst7 regi/r,n numb] 0a3ess+ ! #ahd ,*apt] #h c#di ,,qst regi/ry on ! ,rev5u ,qu@ebec ,web site at _+www.revenu.gouv.qc.ca/eng/services/_& sgp__validation__tvq/index.asp_:4 ,electronic mail+ li/s ,we c notify y immly ab new 9=m,n on payroll1 ,,gst/,,hst1 electronic fil+ = busi;ses1 & m4 ,6subscribe free ( *>ge1 visit _+www.cra.gc.ca/lists_:4 ,gett+ help ,6get help us+ ,my ,busi;s ,a3.t1 ,,gst/,,hst ,,netfile1 ,,gst/,,hst ,,telefile1 ,9=m,n ,returns ,electronic ,fil+1 ,repres5t a cli5t1 or ! ,payroll ,deduc;ns ,onl9e ,calculator1 call \r ;e-s]vice helpdesk at #a-hgg-cbb-ghdi &= ,teletypewrit] 7,,tty71 3tact u at #a-hhh-gfh-jiea4 ,! foll[+ ta# %[s _! h\rs ( s]vice3 #ahe ;,e-s]vice ,helpdesk h\rs d#di ( s]vice ,"t z"o """""""" ,mon"d 6,fri"d ,pacific "t """" #c3de a4m4 6#e3jj p4m4 ,m.ta9 "t """""" #d3de a4m4 6#f3jj p4m4 ,c5tral "t """"" #e3de a4m4 6#g3jj p4m4 ,ea/]n "t """""" #f3de a4m4 6#h3jj p4m4 ,atlantic "t """ #g3de a4m4 6#i3jj p4m4 ,newf.dl& & ,labrador "t """ #h3ae a4m4 6#i3cj p4m4 ,\tside ,canada &! ,u4,s4 7,ea/]n "t7 """" #f3de a4m4 6#h3jj p4m4 ,note ,! ;e-s]vice helpdesk is n availa# on week5ds & /atutory or civic holi"ds4 ,= assi/.e ) ,corpor,n ,9t]net ,fil+1 call #a-hjj-iei-bhjc4 ,= g5]al busi;s 5quiries1 call #a-hjj-iei-eebe4 ,= m 9=m,n on ! ,,cra's electronic s]vices = busi;s1 visit \r ,web site at _+www.cra.gc.ca/electronicservice #ahf ,*apt] #h e#di s_:1 or see ,pamphlet ,,rc#dceh1 ,s]vice ,op;ns = ,busi;ses4 -------------------------------------#ej ,bil+ual s]vice ,9 e (fice acr ,canada1 we (f] \r s]vices 9 bo? ,5gli% & ,fr5*4 ,all public,ns & =ms >e al availa# 9 bo? (ficial languages4 ,tax s]vices (fices ,! ,,cra ,web site1 _+www.cra.gc.ca_:1 has ! answ]s 6yr "qs4 ,f 9=m,n ab regi/]+ a busi;s 6fil+ a tax return1 ! ,,cra ,web site cov]s x all4 ,) xs specializ$ tools & improv$ se>* capabilities1 x is a 3v5i5t self-s]vice res\rce4 ,/ _c f9d :at y >e look+ =8 ,= answ]s 6yr tax "qs1 call u at #a-hjj-iei-eebe4 ,if y / ne$ help af sp1k+ )a teleph"o ag5t1 y c book an appo9t;t at a tax s]vices (fice 7,,tso7 at a "t t #ahg ,*apt] #h a#ej is 3v5i5t = y4 ,visit \r ,web site at _+www.cra.gc.ca/tso_:1 : provides y )! a4resses & fax numb]s ( tax s]vices (fices or tax c5tres4 ,tax c5tres ,/aff memb]s at ! tax c5tres process & /ore 9come tax returns4 ,!y s5d assess;t notices1 >range = refund *eques1 & provide writt5 explan,ns ( tax assess;ts4 ,!y al process tax pay;ts4 ,=a li/+ (! tax c5tres1 _! a4resses1 (fice h\rs1 & fax numb]s1 visit \r ,web site at _+www.cra.gc.ca/tso_:4 ,! ,9t]n,nal ,tax ,s]vices ,(fice ,! ,,cra's ,9t]n,nal ,tax ,s]vices ,(fice 7,,itso7 is locat$ 9 ,ottawa4 #ahh ,*apt] #h b#ej ,/aff memb]s at ,,itso process 9dividual & corporate tax returns1 respond 6writt5 taxpay] 5quiries1 process reque/s = adju/;ts1 & provide teleph"o & c.t] 5quiry s]vices = non- resid5ts1 deem$ resid5ts1 emigrants z well z newcom]s 6,canada 7immigrants74 ,! (fice al ma9ta9s ! a3.ts ( ^? 9dividuals & 9/itu;ns t issue pay;ts 6non-resid5ts ( ,canada4 ,adv.e 9come tax rul+s & 9t]pret,ns ,an adv.e 9come tax rul+ is a writt5 /ate;t 6a taxpay] f ! ,9come ,tax ,rul+s ,directorate t /ates h[ ! ,,cra w 9t]pret & apply ,canadian 9come tax law 6transac;ns ! taxpay] is 3sid]+4 ,,gst/,,hst rul+s & 9t]pret,ns ,y c ask =a writt5 rul+ or 9t]pret,n on h[ ,,gst/,,hst applies 6yr #ahi ,*apt] #h c#ej op],ns or transac;ns4 ,we w provide guid.e & z m* c]ta9ty z possi# ab h[ ,,gst/,,hst applies &! 3sequ;es ( yr transac;ns or propos$ transac;ns4 ,if y require g5]al 9=m,n ab ,,gst/,,hst1 visit _+www.cra.gc.ca/gsthst_: or 3tact \r ,busi;s ,5quiries l9e at #a-hjj-iei-eebe4 ,we provide \r ,,gst/,,hst rul+s & 9t]pret,ns s]vice f rul+s c5tres acr ,canada 7except 9 ,quebec74 ,y c 3tact u at #a-hjj-iei-hbhg4 ,= s]vice 9 ,quebec1 3tact ,rev5u ,quebec at #a-hjj-efg-dfib4 ,excise duty rul+s & 9t]pret,ns ,y c ask =a writt5 rul+ or 9t]pret,n on h[ excise duties apply 6c]ta9 gds 7s* z alcohol & toba3o products74 ,= m 9=m,n1 pl1se 3tact a ,regional ,excise ,duty ,(fice4 ,=a li/+ ( _! numb]s1 pl1se 3sult ,excise ,duty #aij ,*apt] #h d#ej ,memor&a ,,edm#a-a-b1 ,regional ,excise ,duty ,(fices1 on \r ,web site at _+www.cra.gc.ca/_e/pub/em/edm1-1-2_:4 -------------------------------------#ea ,help = taxpay]s )a he>+ or visual 4abil;y or spee* 4ord] ,taxpay]s )a he>+ 4abil;y or spee* 4ord] :o h a3ess 6a .teletypewrit] 7,,tty7 c get 9come tax 9=m,n & help 0call+ \r bil+ual 5quiry s]vice at #a-hjj-ffe-jced4 ,! s]vice is availa# week"ds f #h3ae a4m4 6#e3jj p4m41 local "t1 ) ext5d$ h\rs (f]$ dur+ ! 9come tax fil+ s1son4 ,visu,y impair$ p]sons c get \r public,ns & _! p]sonaliz$ correspond;e 9 brl1 l>ge pr9t1 or etext 7;,,cd or diskette71 or on audio cassette or ,,mp#c4 ,= details1 visit \r ,web site at _+www.cra.gc.ca/alternate_: or call #a-hjj-iei-bbba week"ds f #h3ae a4m4 6#e3jj p4m4 7,ea/]n "t74 #aia ,sem9>s1 trade %[s1 & a#ea "w%ops ,6help small busi;s taxpay]s "u/& _! "rs & oblig,ns "u exi/+ & frequ5tly *ang+ legisl,n1 we (f] ! foll[+ s]vices3 .,sem9>s--,^! cov] a v>iety ( topics1 f g5]al 6-plex matt]s4 ,we give sem9>s on reque/ & t>get !m 6meet ! ne$s or 9t]e/s (! audi;e4 .,trade .%[s--,^! >e "o & two-"d ev5ts sponsor$ 0! private sector1 ": we pres5t 9=m,n on \r s]vices4 .,"w%ops--,^! >e "o & two-"d ev5ts ": we pres5t1 9/ruct1 or walk "? examples ( h[ 6-plete v>i\s =ms & s*$ules4 ,6regi/] =a sem9> or "w%op1 visit \r ,web site at _+www.cra.gc.ca/events_: or 3tact ! ,busi;s ,5quiries sec;n ( yr tax s]vices (fice4 ,employ] visits program ,if y op]ate a small busi;s1 y may 2 too busy 6att5d an 9=m,n sem9>4 #aib ,*apt] #h b#ea ,if s1 \r /aff is availa# on reque/ 6visit y at yr place ( busi;s4 ,? w give y a *.e 6ask "qs ab record+1 )hold+1 or report+ employee e>n+s1 tax1 ,canada ,p5.n ,plan 3tribu;ns1 or ,employ;t ,9sur.e premiums4 ,we d n *>ge = ? s]vice4 ,= 9=m,n ab ? s]vice1 call #a-hjj-iei-eebe4 ,s]vice ,canada 7=m]ly ,gov]n;t ( ,canada ,9fo ,c5tres7 ,we "w ) o!r f$]al ag5cies & de"p;ts 6s]ve ,canadians 9 small] -munities 0(f]+ a v>iety ( gov]n;t s]vices 9 s+le loc,ns call$ ,s]vice ,canada c5tres4 ,visit _! ,web site at _+www.servicecanada.gc.ca_: =! (fice ne>e/ y4 #aic ,sci5tific rese>* & c#ea exp]i;tal develop;t 7,,sr&,,ed7 9ve/;t tax cr$it ,we h set up a s]vice 6a4ress ! ne$s ( 9dividuals & busi;ses t h claim$ ! ,,sr&,,ed 9ve/;t tax cr$it4 ,we regul>ly 3duct public 9=m,n ses.ns 6expla9 ! m1n+ ( ,,sr&,,ed1 describe eligi# activities1 expla9 :at exp5ditures qualify =! cr$it1 & describe ! docu;t,n requir$ =a claim4 ,y c get 9=m,n ab ^! ses.ns at _+www.cra.gc.ca/sred_: or 0call+ \r ,busi;s ,5quiries l9e at #a-hjj-iei-eebe4 ,= m 9=m,n on sci5tific rese>* & exp]i;tal develop;t1 see ,guide ,t#djeb1 ,an ,9troduc;n 6! ,sci5tific ,rese>* & ,exp]i;tal ,develop;t ,program4 ,canada ,busi;s ,s]vice ,c5tres ,^! c5tres provide busi;ses ) a3ess 69=m,n ab ! programs & s]vices ( #aid ,*apt] #h d#ea v>i\s f$]al de"p;ts & ag5cies1 9clud+ ! ,,cra1 ,9du/ry ,canada1 & economic develop;t ag5cies s* z ! ,atlantic ,canada ,opportunities ,ag5cy1 ,we/]n ,economic ,div]sific,n ,canada1 &! ,f$]al ,(fice ( ,regional ,develop;t -------------------------------------#eb 7,quebec74 ,o!r "pn]s 9clude prov9cial & non-gov]n;t ag5cies4 ,at ! ,canada ,site1 _+www.canada.ca_:1 y c f9d a li/ ( l9ks 6! ,web sites ( ,gov]n;t ( ,canada de"p;ts1 ag5cies1 & ,cr[n corpor,ns4 ,y c al f9d l9ks 6,web sites ma9ta9$ 0organiz,ns = : f$]al de"p;ts & ag5cies >e responsi#4 ,?irte5 ,canada ,busi;s ,s]vice ,c5tres op]ate acr ! c.try--in e prov9ce & t]ritory4 ,!y >e 9 ,*>lottet[n1 ,$monton1 ,fr$]icton1 ,halifax1 ,montr@eal1 ,saskatoon1 ,/4 ,john's1 ,toronto1 ,vanc\v]1 ,:itehorse1 ,w9nipeg1 ,yell[knife1 & 9 ! t]ritory ( ,nunavut4 #aie ,-pla9t resolu;n a#eb ,pro#m ,resolu;n ,program ,mo/ "qs & 3c]ns c 2 resolv$ qkly "? \r g5]al 5quiries s]vice 0call+ #a-hjj-iei-eebe4 ,h["e1 f "t 6"t1 "s p h situ,ns t ne$ special att5;n4 ,6a4ress s* cases1 we cr1t$ ! ,pro#m ,resolu;n ,program4 ,\r ,pro#m ,resolu;n ,program h&les1 on a prior;y basis1 cases t _c 2 resolv$ "? regul> *annels4 ,! program co- ord9ators exam9e any 3c]ns br"\ 6_! att5;n 0! teleph"o /aff1 trace ! pro#m 6xs s\rce1 det]m9e :e!r ! case is isolat$ or "p (a l>g] tr5d t ne$s att5;n1 & take ac;n 6resolve ! case4 ,= m 9=m,n on objec;ns & app1ls1 visit \r ,web site at _+www.cra.gc.ca/resolvingdisputes_:4 #aif ,,cra--,s]vice ,-pla9ts b#eb ,program ,on ,may #bh1 #bjjg1 ! ,,cra 9troduc$ a -pla9t resolu;n process call$ ,,cra-- ,s]vice ,-pla9ts 6support ! s]vice "rs \tl9$ 9 ! ,taxpay] ,bill ( ,"rs4 ,= m 9=m,n1 visit \r ,web site at _+www.cra.gc.ca/rights_:4 8,s]vice0 ref]s 6all 9t]ac;ns1 solicit$ & unsolicit$ 2t ! ,,cra & taxpay]s4 ,a s]vice-relat$ -pla9t cd 9clude ]rors1 omis.ns1 or ov]sids1 poor or misl1d+ 9=m,n y may h rcvd 9 yr d1l+s ) u1 or any unprofes.nal 2havi\r f \r /aff4 ,if y >e n satisfi$ )! s]vice y h rcvd af exhau/+ normal -pla9t *annels at ! ,,cra1 y h ! "r 6make a =mal writt5 -pla9t "? ,,cra--,s]vice ,-pla9ts ,program4 ,= m 9=m,n ab ! -pla9t process1 see ,booklet ,,rc#ddbj1 ,9=m,n on ,,cra-- ,s]vice ,-pla9ts1 : #aig ,*apt] #h c#eb 9cludes ,=m ,,rc#aic1 ,s]vice-,relat$ ,-pla9t4 ,visit \r ,web site at _+www.cra.gc.ca/complaints_: or call \r ,=ms l9e at #a-hjj-iei-bbba 6ord] ^! docu;ts4 ,taxpay]s' ,ombudsman ,! ,m9i/] ( ,n,nal ,rev5ue ann\nc$ ! appo9t;t ( ,canada's f/ ,taxpay]s' ,ombudsman on ,febru>y #ba1 #bjjh1 65h.e ! ,,cra's a3.tabil;y & s]vice 6! public & 6provide ! p x s]ves ) renew$ assur.e t !y w 2 tr1t$ fairly1 equitably1 &) respect4 ,! ,taxpay]s' ,ombudsman is an 9dep5d5t & im"pial (fic] :o op]ates at >m's l5g? f ! ,,cra1 reports 6! ,m9i/] ( ,n,nal ,rev5ue1 & reviews s]vice-relat$ -pla9ts ab ]rors1 undue delays1 poor or misl1d+ 9=m,n1 or /aff 2havi\r4 ,! ombudsman al reviews -pla9ts ": any (! s]vice "rs \tl9$ 9 ! ,taxpay] #aih ,*apt] #h d#eb ,bill ( ,"rs may n h be5 respect$ 0! ,,cra4 ,! role (! ,taxpay]s' ,ombudsman is 6provide a f9al1 im"pial review (a s]vice-relat$ -pla9t af y h exhau/$ ! normal -pla9t *annels1 9clud+ ! ,,cra-- ,s]vice ,-pla9ts program1 & y >e / n satisfi$ -------------------------------------#ec )! way yr s]vice-relat$ -pla9t 0 h&l$ 0! ,,cra4 ,y c 3tact ! ,taxpay]s' ,ombudsman's (fice at3 ,taxpay]s' ,ombudsman ,suite #gbd #ej ,o',3nor ,/reet ,ottawa ,,on ,k#a;,p #f;,l#b ,teleph"o3 #a-hff-ehf-chci ,\tside ,canada3 #a-fac-idf-bcaj ,= m 9=m,n1 visit _! ,web site at _+www.taxpayersrights.gc.ca_:4 #aii ,*apt] #h a#ec ,note ,"! >e no co/s associat$ ) fil+ a -pla9t or = any s]vice provid$ 0! ,taxpay]s' ,ombudsman4 ,public,ns ,9 a4i;n 6! s]vices m5;n$ abv1 we (f] num]\s tax guides1 pamphlets1 bullet9s1 & circul>s4 ,y c get 9=m,n on any tax- relat$ matt] f ^! public,ns4 ,_m ( !m >e availa# on \r ,web site at _+www.cra.gc.ca/forms_:4 ,y c al ord] copies ( ^! public,ns 0call+ u at #a-hjj-iei-bbba4 ,! foll[+ >e "s (! types ( public,ns availa#3 --,9come tax guides--,! guide t a3ompanies ea* 9come tax return is an important s\rce ( 9=m,n4 ,we al publi% o!r guides 6meet ! ne$s ( specific gr\ps ( taxpay]s4 ,^! 9clude ,guide ,t#djjb1 ,busi;s & ,profes.nal ,9come1 ,guide #bjj ,*apt] #h b#ec ,t#djjc1 ,f>m+ ,9come1 & ,guide ,t#djjd1 ,fi%+ ,9come4 --,,gst/,,hst guides--,6help busi;ses & organiz,ns -ply ) ,,gst/,,hst1 we h develop$ a range ( guides4 ,"s ( !m >e g5]al 9 scope1 "s >e = specific types ( busi;ses & organiz,ns1 & "s >e = -plet+ di6]5t ,,gst/,,hst returns & rebate applic,ns4 ,= m 9=m,n1 or 6get copies ( ,,gst/,,hst public,ns1 =ms1 & applic,ns1 visit \r ,web site at _+www.cra.gc.ca/_& formspubs/topics/gsthst-e.html_:1 or 3tact yr tax s]vices (fice4 ,if y >e a resid5t ( ,quebec1 3tact an (fice ( ,rev5u ,quebec4 ,y c al visit ,/rategis at _+www.strategis.gc.ca_:4 ,? l9k provides y ) easy1 direct a3ess 6,9du/ry ,canada's ext5sive exp]tise & 9=m,n res\rces4 #bja #bjb ,summ>y ( important dates = #ed busi;ses ,sole proprietor%ips & "pn]%ips ,mon?ly1 0! fifte5? ,remit ! payroll deduc;ns f yr employees' remun],n1 al;g ) yr "p ( ,canada ,p5.n ,plan 7,,cpp7 3tribu;ns & ,employ;t ,9sur.e 7;,,ei7 premiums1 0! fifte5? (! foll[+ mon?4 ,la/ "d ( ,febru>y ,file yr ,t#d & ,t#d;,a slips al;g )! relat$ ,summ>y =m4 ,4tribute ! slips 6yr employees4 ,qu>t]ly1 0! fifte5? ,if y >e self-employ$1 make yr 9/al;t pay;ts ( tax & ,,cpp 3tribu;ns 0^! dates3 f/ 9/al;t3 ,m>* fifte5?2 seconnd 9/al;t3 ,june fifte5?2 ?ird 9/al;t3 ,septemb] fifte5?2 & f\r? 9/al;t3 ,decemb] fifte5?4 #bjc ,summ>y a#ed ,m>* #ca ,"pn]%ips 7except ^? made up ( corpor,ns1 or a -b9,n ( 9dividuals1 corpor,ns1 or tru/s ) di6]5t fil+ dates7 t >e requir$1 m/ file a "pn]%ip 9=m,n return4 ,april #cj ,file yr ,t#a p]sonal 9come tax & b5efit return =! previ\s ye>4 ,pay any tax am.ts [+4 ,self-employ$ 9dividuals & _! sp\ses or -mon-law "pn]s h until ,june #ae 6file _! returns4 ,june #ae ,self-employ$ 9dividuals 7& _! sp\ses or -mon-law "pn]s7 m/ file _! ,t#a p]sonal 9come tax & b5efit returns4 ,h["e1 y h 6pay any bal.e [+ 0,april #cj1 6avoid 9t]e/ *>ges4 ,decemb] #ca ,= f>m]s & fi%]s1 calculate & pay ! am.t ( yr curr5t-ye> 9/al;t pay;t4 #bjd ,corpor,ns b#ed ,la/ "d ( ,febru>y ,file yr ,t#d & ,t#d;,a slips al;g )! relat$ ,summ>y =m4 ,4tribute ! slips 6yr employees4 ,mon?ly ,remit ! payroll deduc;ns f yr employees' remun],n 6u1 al;g ) yr "p ( ,canada ,p5.n ,plan 7,,cpp7 3tribu;ns & ,employ;t ,9sur.e 7;,,ei7 premiums1 0! fifte5? (! foll[+ mon?4 ,mon?ly ,corpor,ns h 6pay 9/al;ts ( _! curr5t- ye> taxes1 0! la/ "d ( ea* mon?4 ,two mon?s f yr tax ye>-5d ,! bal.e (! corpor,n tax paya# is due4 ,?ree mon?s f yr tax ye>-5d ,= ,canadian 3troll$ private corpor,ns claim+ ! small busi;s deduc;n1 ! bal.e (! corpor,n tax paya# is due4 ,six mon?s f yr tax ye>-5d ,corpor,ns m/ file a ,t#b ,corpor,n ,9come ,tax ,return no lat] ?an six mon?s af ! corpor,n's ye>-5d4 #bje ,summ>y c#ed ,note ,x is important t y file any requir$ returns & remit pay;ts on "t4 ,p5alties apply if y d n1 & 9t]e/ is *>g$ on unpd taxes & p5alties4 ,= important dates reg>d+ ,,gst/,,hst1 see 8,report+ p]iods0 on page #ah1 or visit \r ,web site at _+www.cra.gc.ca/importantdates_:4 #bjf ,frequ5tly us$ ,web sites = #ee small busi;ses ,transcrib]'s note3 7,! foll[+ *>t is set up 9 two columns3 ,column #a3 ,topic ,column #b3 ,web site7 ,topic3 ,busi;s a3.t regi/r,n ,web site3 _+www.cra.gc.ca/bn_: ,topic3 ,canadian ,agricultural ,9come ,/abiliz,n 7,,cais7 ,program ,web site3 _+www.agr.gc.ca/caisprogram_: ,topic3 ,-plet+ & fil+ 9=m,n returns ,web site3 _+www.cra.gc.ca/slips_: ,topic3 ,3duct+ busi;s on ! ,9t]net ,web site3 _+www.cra.gc.ca/ecomm_: ,topic3 ,3tact u ,web site3 _+www.cra.gc.ca/contact_: #bjg ,frequ5tly ,web sites a#ee ,topic3 ,3tract pay;t report+ ,web site3 _+www.cra.gc.ca/contract_: ,topic3 ,corporate 9come tax ,web site3 _+www.cra.gc.ca/t2return_: ,topic3 ,corpor,n ,9t]net fil+ ,web site3 _+www.cra.gc.ca/corporation-internet_: ,topic3 ,direct deposit--,busi;s ,web site3 _+www.cra.gc.ca/dd-bus_: ,topic3 ,electronic pay;ts ,web site3 _+www.cra.gc.ca/electronicpayments_: ,topic3 ,electronic mail+ li/s ,web site3 _+www.cra.gc.ca/lists_: ,topic3 ,ev5ts--,\tr1* ,web site3 _+www.cra.gc.ca/events_: #bjh ,frequ5tly ,web sites b#ee ,topic3 ,excise & ,,gst/,,hst ,news ,web site3 _+www.cra.gc.ca/formspubs/_& type/gsthstnews-e.html_: ,topic3 ,fair;s & taxpay] bill ( "rs-- ,ov]view ,web site3 _+www.cra.gc.ca/fairness_: ,topic3 ,,faq's availa# on ! ,,cra ,web site ,web site3 _+www.cra.gc.ca/faqs_: ,topic3 ,file on electronic m$ia ,web site3 _+www.cra.gc.ca/electronicmedia_: ,topic3 ,=ms & public,ns ,web site3 _+www.cra.gc.ca/forms_: ,topic3 ,=ms & public,ns--,onl9e ord] =ms ,web site3 _+www.cra.gc.ca/orderforms_: #bji ,frequ5tly ,web sites c#ee ,topic3 ,,gst/,,hst electronic fil+ & remitt+ ,web site3 _+www.cra.gc.ca/gsthst-edi_: ,topic3 ,,gst/,,hst ,,netfile ,web site3 _+www.cra.gc.ca/gsthst-netfile_: ,topic3 ,,gst/,,hst ,,telefile ,web site3 _+www.cra.gc.ca/gsthst-telefile_: ,topic3 ,9=m,n = ,aborig9al p ,web site3 _+www.cra.gc.ca/aboriginalpeoples_: ,topic3 ,ma9 page = busi;s ,web site3 _+www.cra.gc.ca/business_: ,topic3 ,my ,busi;s ,a3.t ,web site3 _+www.cra.gc.ca/mybusinessaccount_: #baj ,frequ5tly ,web sites d#ee ,topic3 ,onl9e ,reque/s = ,busi;s ,web site3 _+www.cra.gc.ca/requests-business_: ,topic3 ,payroll ,web site3 _+www.cra.gc.ca/payroll_: ,topic3 ,payroll ,deduc;ns ,onl9e ,calculator 7,,pdoc7 ,web site3 _+www.cra.gc.ca/pdoc_: ,topic3 ,prescrib$ 9t]e/ rates ,web site3 _+www.cra.gc.ca/interestrates_: ,topic3 ,public holi"ds ,web site3 _+www.cra.gc.ca/duedates_: ,topic3 ,secur;y op;ns--,taxa# b5efit ,web site3 _+www.cra.gc.ca/stockoptions_: #baa ,frequ5tly ,web sites e#ee ,topic3 ,t#d ,9t]net fil+ ,web site3 _+www.cra.gc.ca/t4internet_: ,topic3 ,ta#s 9 ,diskette 7,,tod7 ,web site3 _+www.cra.gc.ca/tod_: ,topic3 ,taxpay]'s ,ombudsman ,web site3 _+www.taxpayersrights.gc.ca_: ,topic3 ,tax s]vices (fices & tax,n c5tres ,web site3 _+www.cra.gc.ca/tso_: ,topic3 ,! ,,cra w>ns ,canadians ag/ tax 8my?s0 ,web site3 _+www.cra.gc.ca/myths_: ,topic3 ,visitor ,rebate ,program ,web site3 _+www.cra.gc.ca/visitors_: #bab ,gloss>y ( t]ms #ef ,t]ms t appe> 9 capital lrs h _! [n li/+ else": 9 ! gloss>y4 ,a3.t--,a =mal record ( transac;ns 9volv+ a "picul> item or p]son4 ,a3.ts paya#--,debts y h z a result ( pur*as+ ,,assets or rcvg s]vices on an op5 a3.t or on cr$it4 ,y h a3.ts paya# :5 y h n yet pd =! assets or s]vices y h rcvd4 ,a3.ts receiva#--,am.t ( m"oy y >e [$4 ,g5],y1 y >e [$ ? am.t 2c y sold ,,assets or provid$ s]vices4 ,a3rual me?od ( a3.t+--,) ? me?od1 ,,9come is report$ 9 ! ,,fiscal ,,p]iod x is e>n$1 reg>d.s ( :5 x is rcvd4 ,! exp5ses >e al deduct$ 9 ! fiscal p]iod !y >e 9curr$1 :e!r !y >e pd or n4 ,? me?od is g5],y us$ 0busi;ses or profes.nals4 #bac ,gloss>y a#ef ,app1l--,a process 0: y ask a ,c\rt 6review ! deci.n ! ,app1ls ,divi.n made on 2half (! ,m9i/] ( ,n,nal ,rev5ue4 ,>ticles ( 9corpor,n--,legal docu;t fil$ )a prov9cial or t]ritorial gov]n;t1 or ! f$]al gov]n;t1 : sets \ a ,,corpor,n's purpose & regul,ns4 ,assess;t--,a =mal det]m9,n ( taxes1 duties1 or o!r am.ts 6be pd or refund$4 ,an assess;t 9cludes a reassess;t4 ,see ,,notice ,,( ,,assess;t4 ,assets--,any prop]ty [n$ 0a p]son or busi;s4 ,assets 9clude m"oy1 l&1 build+s1 9ve/;ts1 9v5tory1 c>s1 trucks1 boats1 or o!r valua#s t 2l;g 6a p]son or busi;s4 ,!y al may 9clude 9tangi#s s* z ,,gdwill4 ,bad debt--,m"oy [$ 6y t y _c collect4 ,bal.e--,! am.t rema9+ 9 an ,,a3.t af record+ all deposits & )drawals4 ,bal.e %eet--,/ate;t (! f9ancial posi;n (a busi;s4 ,x /ates ! ,,assets1 liabilities1 & [n]s' equ;y at a "picul> po9t 9 "t4 #bad ,gloss>y b#ef ,budget--,a plan \tl9+ an organiz,n's f9ancial & op],nal goals4 ,busi;s exp5ses--,c]ta9 co/s t >e r1sona# =a "picul> type ( busi;s1 & t >e 9curr$ =! purpose ( e>n+ ,,9come4 ,busi;s exp5ses c 2 deduct$ = tax purposes4 ,p]sonal1 liv+1 or o!r exp5ses n relat$ 6! busi;s _c 2 deduct$ = tax purposes4 ,busi;s ,numb] 7,,bn7--,a numb] y get :5 y regi/] 6d any busi;s ) u4 ,x is a s+le numb] t replaces ! numb]s t ,canadian busi;ses previ\sly ne$$ 6d1l )! f$]al gov]n;t4 ,cal5d> ye>--,! twelve-mon? p]iod 2g9n+ ,janu>y #a & 5d+ ,decemb] #ca4 ,dep5d+ on yr busi;s circum/.es1 y may or may n use ! cal5d> ye> z yr ,,fiscal ,,p]iod4 ,canada ,p5.n ,plan 7,,cpp7--,an 9sur.e program 6help ,canadians provide ,,9come = _! retire;t4 ,x al gives !m 9come if !y 2come 4a#d4 ,3tribu;ns >e directly relat$ 6annual e>n+s4 #bae ,gloss>y c#ef ,capital co/ all[.e 7,,cca7--,a ye>ly deduc;n or depreci,n on ! co/ ( c]ta9 ,,assets4 ,y c claim ,,cca = tax purposes on ! assets (a busi;s s* z build+s or equip;t1 z well z on a4i;ns or improve;ts1 if ^! assets >e expect$ 6la/ = "s ye>s4 ,capital ga9s--,! am.t 0: ,,proce$s ,,( ,,4posi;n less \tlays & exp5ses exce$ ! adju/$ co/ base ( ,,capital ,,prop]ty4 ,capital loss--,! am.t 0: ! adju/$ co/ base & \tlays & exp5ses ( ,,capital ,,prop]ty exce$s ,,proce$s ,,( ,,4posi;n4 -------------------------------------#eg ,capital prop]ty--,g5],y1 any prop]ty ( value1 9clud+ ,,deprecia# ,,prop]ty4 ,-mon types ( capital prop]ty 9clude pr9cipal resid;es1 cottages1 /ocks1 bonds1 l&1 build+s1 & equip;t us$ 9 a busi;s or r5tal op],n4 ,ca% me?od ( a3.t+--,) ? me?od1 y report ,,9come 9 ! ye> x is #baf ,gloss>y a#eg actu,y rcvd4 ,simil>ly1 exp5ses >e deduct$ 9 ! ye> !y >e actu,y pd4 ,f>m]s1 fi%]s1 & c]ta9 salespeople :o "w on -mis.n may use ! ca% me?od4 ,-m]cial activ;y--,= ,,gst/,,hst purposes1 g5],y1 any busi;s1 adv5ture or 3c]n 9 ! nature ( trade c>ri$ on 0c]ta9 p]sons1 except :5 mak+ exempt supplies4 ,3fid5tial;y--,! ,,cra w protect 9come tax1 ,,gst/,,hst1 excise duty1 tax1 & o!r relat$ tax & ,,duty 9=m,n4 ,! only p ) a3ess 6? 9=m,n >e ^? :o >e au?oriz$ 0law or ^? 6:om ! taxpay]1 ,,regi/rant or ,,lic5see has giv5 p]mis.n 9 writ+4 ,corpor,n--,a =m ( busi;s au?oriz$ 0f$]al1 prov9cial1 or t]ritorial law 6act z a sep>ate legal 5t;y4 ,xs purpose & regul,ns >e set \ 9 xs ,,>ticles ,,( ,,9corpor,n4 ,"o or m p]sons may [n a corpor,n4 ,co/ ( gds sold--,! actual co/ (! items sold 9 ! normal c\rse ( busi;s dur+ a specific p]iod4 #bag ,gloss>y b#eg ,debt--,an am.t t is [$4 ,if y borr[ m"oy or pur*ase "s?+ on cr$it1 y h cr1t$ a debt4 ,deem$--,a legal t]m us$ :5 "s?+ is 3sid]$ 6be "s?+ else = c]ta9 purposes4 ,deprecia# prop]ty--,prop]ty t we>s \ z x is us$ ov] ! ye>s4 ,= example1 c>s1 f>m equip;t1 & busi;s ma*9es >e deprecia#4 ,see ,,capital ,,co/ ,,all[.e4 ,depreci,n--,a decr1se 9 ! value ( an asset "? age1 use1 & det]ior,n4 ,9 a3.t+ t]m9ology1 depreci,n is a deduc;n or exp5se claim$ = ? decr1se 9 value4 ,4posi;n--,g5],y1 ! 4posal ( prop]ty 0sale1 gift1 transf]1 or *ange 9 use4 ,duty--,g5],y1 ! duty impos$ "u ! ,excise ,act1 #bjja1 ! ,excise ,act1 &! duty levi$ "u c]ta9 sec;ns (! ,cu/oms ,t>iff &1 ) "s excep;ns1 9cludes special duty4 ,elec;n--,a =mal *oice am;g specific op;ns on h[ tax laws >e appli$ 6a #bah ,gloss>y c#eg taxpay]'s f9ancial a6airs4 ,usu,y y make an elec;n on yr tax return4 ,employ;t 9come--,see ,,sal>y4 ,employ;t ,9sur.e 7;,,ei7--,a f$]al program t provides f9ancial assi/.e 6p :o >e tempor>ily \ ( "w4 ,x is an 9sur.e program1 ) employ]s & employees mak+ pay;ts 96! ,employ;t ,9sur.e ,fund4 ,employ;t ,9sur.e premiums--,deduc;ns t an employ] m/ make f employees' pay*eques & =w>d 6! ,rcvr ,g5]al = ,canada4 ,employ]s m/ al 3tribute ,,employ;t ,,9sur.e pay;ts4 ,excise--,taxes on ! manufacture1 sale1 or use ( gds & items4 ,fiscal p]iod--,? is ! twelve-mon? p]iod ov] : a busi;s or profes.n reports xs 9come-e>n+ activities4 ,! fiscal p]iod may or may n co9cide )! ,,cal5d> ,,ye>4 ,! busi;s usu,y e/abli%es xs fiscal p]iod :5 x files xs f/ 9come tax return4 #bai ,gloss>y d#eg ,gdwill--,! excess (! pur*ase price (a busi;s ov] ! fair m>ket value (! net ,,assets (! busi;s4 ,gross pr(it--,sales m9us ,,co/ ,,( ,,gds ,,sold4 ,half-ye> rule--,a provi.n 9 ! ,9come ,tax ,act t all[s y 6claim only half (! ,,capital ,,co/ ,,all[.e availa# on an ,,asset 9 ! ye> y pur*as$ ! asset4 ,9come--,! sum ( rev5ues e>n$ 9 a specific p]iod ( "t4 ,x 9cludes rev5ues f sal>ies1 wages1 b5efits1 tips1 & -mis.ns1 pr(its f op]at+ a busi;s or profes.n1 & 9ve/;ts e>n$4 -------------------------------------#eh ,9come /ate;t--,a f9ancial /ate;t t summ>izes ! results ( busi;s activities 79come & exp5ses7 =a giv5 p]iod ( "t4 ,"s"ts call$ a ,,pr(it ,,& ,,loss ,,/ate;t4 ,9come tax payroll deduc;ns--,employ]s m/ deduct 9come tax f _! employees' sal>ies or wages4 ,!y m/ base ^! #bbj ,gloss>y a#eh deduc;ns on ! 9come tax deduc;ns ta#s1 : reflect ea* prov9ce's rates4 ,9=m,n circul>s--,public,ns t we issue 6give detail$ explan,ns on a v>iety ( tax subjects4 ,9=m,n slips--,=ms t employ]s1 tru/s1 & busi;ses use 6tell taxpay]s &! ,,cra h[ m* 9come 0 e>n$1 & h[ m* tax 0 deduct$4 ,9put tax cr$it--,a cr$it ,,gst/,,hst ,,regi/rants c claim 6recov] ! ,,gst/,,hst !y pd or [e = gds or s]vices !y acquir$1 import$ 96,canada or br"\ 96a ,,"picipat+ ,,prov9ce = use1 3sump;n or supply 9 ! c\rse ( ,,-m]cial ,,activities4 ,9/al;t--,9/al;ts >e p]iodic pay;ts ( 9come tax t 9dividuals >e requir$ 6pay 6! ,,cra 6cov] tax !y wd o!rwise h 6pay on ,april #cj4 ,= ,,gst/,,hst purposes1 p]iodic pay;ts may al 2 paya# 0p]sons :o file annual returns4 ,^! p]iodic pay;ts >e al ref]r$ 6z 9/al;ts4 #bba ,gloss>y b#eh ,9t]pret,n bullet9s--,public,ns t give \r 9t]pret,n ( "ps (! ,9come ,tax ,act4 ,9v5tory--,g5],y1 ! total value (! gds on h& t a busi;s 9t5ds 6sell1 uses = manufacture1 or use 6r5d] a s]vice4 ,9 c]ta9 cases1 9v5tory c al 9clude s]vices4 ,9ve/;t--,exp5diture 6acquire prop]ty t yields or is expect$ 6yield rev5ue or s]vices4 ,l1se--,a 3tract "u : a prop]ty is r5t$ f "o p]son or busi;s 6ano!r =a fix$ p]iod ( "t at a specifi$ rate4 ,liabil;y--,,debt [$ 0a p]son or busi;s4 ,lic5see--,a p]son :o holds a lic;e issu$ "u ! ,excise ,act1 #bjja4 ,loss--,! am.t 0: exp5ses exce$ rev5ues4 ,net 9come--,,9come subject 6tax,n af all[a# deduc;ns h be5 subtract$ f gross or total 9come4 ,notice ( ,assess;t--,a =m t we s5d 6all taxpay]s & ,,gst/,,hst #bbb ,gloss>y c#eh ,,regi/rants af we process _! returns4 ,x tells taxpay]s or ,,gst/,,hst regi/rants if we made any correc;ns 6! returns or rebate applic,ns &1 if s1 :at !y >e4 ,x al 9=ms taxpay]s or regi/rants if !y [e m tax or :at ! am.t ( _! refund w be4 ,objec;n--,a /ate;t ( facts & r1sons detail+ :y a taxpay]1 ,,regi/rant1 or ,,lic5see or o!r p]son 4agrees ) an ,,assess;t4 ,op]at+ exp5ses--,! r\t9e co/s ( runn+ a busi;s4 ,!y 9clude exp5ses = gasol9e1 electric;y1 & (fice supplies4 ,!y d n 9clude ! co/ ( build+s or ma*9]y t >e expect$ 6la/ = s"eal ye>s4 ,see ,,capital ,,co/ ,,all[.e4 ,"picipat+ prov9ces--,= ,,gst/,,hst purposes1 ?ree prov9ces 7,nova ,scotia1 ,new ,brunswick1 & ,newf.dl& & ,labrador7 h>moniz$ _! prov9cial sales tax ) ,,gst 6cr1te ,,hst4 ,payroll deduc;ns--,9come tax deduc;ns1 ,,canada ,,p5.n ,,plan #bbc ,gloss>y d#eh 7,,cpp7 or ,,quebec ,,p5.n ,,plan 7,,qpp7 3tribu;ns1 & ,,employ;t ,,9sur.e 7;,,ei7 premiums : >e deduct$ f an employee's wages or ,,sal>y & s5t regul>ly 6u4 ,employ]s al make _! [n 3tribu;ns 6! ,,cpp or ,,qpp1 & ;,,ei4 ,p5alties--,am.ts taxpay]s1 ,,regi/rants1 or ,,lic5sees m/ pay if !y fail 6file returns or remit or pay am.ts [+ on "t1 or if !y try 6evade pay+ or remitt+ tax 0n fil+ returns4 ,p5alties m/ al 2 pd 0p :o "k+ly1 or "u circum/.es am.t+ 6gross neglig;e1 "picipate 9 or make false /ate;ts or omis.ns 9 _! returns1 & 0^? :o d n provide ! 9=m,n requir$ on a prescrib$ =m4 -------------------------------------#ei ,p]sonal tax cr$it return 7,=m ;,,td#a7--,! f/ 9come tax =m a p]son has 6-plete :5 />t+ a new job4 ,x tells an employ] h[ m* 9come tax 6deduct f ! employee's pay4 #bbd ,gloss>y a#ei ,prepd exp5se--,an exp5se y pay = 9 adv.e2 an exp5se y 9cur = gds & s]vices y w rcv 9 a lat] ,,fiscal ,,p]iod2 am.ts y pay 9 9t]e/1 9come taxes1 municipal taxes1 r5t1 dues1 or 9sur.e = lat] fiscal p]iods4 ,^! am.ts >e 9clud$ z assets on ! bal.e %eet at ! 5d (a fiscal p]iod4 ,proce$s ( 4posi;n--,usu,y1 ! sell+ price ( prop]ty :5 x is 4pos$ (4 ,proce$s ( 4posi;n al 9clude -p5s,n rcvd = prop]ty t has be5 de/roy$1 expropriat$1 /ol51 or damag$4 ,x is al ! fair m>ket value ( prop]ty :5 x is transf]r$ 6ano!r p]son1 or :5 "! is a *ange 9 xs use4 ,profes.nal dues--,memb]%ip fees pd 6ma9ta9 a profes.nal /atus recogniz$ 0law1 s* z lawy]s' annual law society fees4 ,pr(it & loss /ate;t--,same z an ,,9come ,,/ate;t4 #bbe ,gloss>y b#ei ,proprietor%ip--,a non-9corporat$ busi;s 5tirely [n$ 0"o p]son4 ,same z a ,,sole ,,proprietor%ip4 ,quebec ,p5.n ,plan 7,,qpp7--,a p5.n plan equival5t 6! ,,canada ,,p5.n ,,plan 7,,cpp7 b ma9ta9$ 0! prov9ce ( ,quebec4 ,! prov9cial gov]n;t h&les ! 3tribu;ns4 ,rates ( tax--,p]c5tages ( ,,9come t m/ 2 pd z tax4 ,! ,de"p;t ( ,f9.e sets ! basic 9come tax rates1 : v>y progressively )! am.t ( 9come rcvd4 ,= ,,gst/,,hst purposes1 ! ,,gst rate is #e@3p1 :ile ! ,,hst rate is #ac@3p4 ,records--,docu;ts s* z a3.t books1 sales & pur*ase 9voices1 3tracts1 bank /ate;ts1 & c.ell$ *eques4 ,y m/ keep records 9 an ord]ly mann] at yr busi;s or resid;e 9 ,canada = at l1/ six ye>s f ! 5d (! la/ tax ye> 6: ! records relate4 ,y m/ make ^! books & o!r docu;ts availa# 6\r (fic]s = audit purposes4 ,refund--,! ov]pay;t ( 9come tax or ,,gst/,,hst return$ 6a taxpay] af we assess ! return4 #bbf ,gloss>y c#ei ,regional ,excise ,duty ,(fice-- ,(fices t s]ve z ! ,,cra's liaison ) ,,regi/rants1 ,,lic5sees1 &! g5]al public on all matt]s relat+ 6! excise duty program4 ,regi/rant--,a p]son :o is regi/]$ or requir$ 6be regi/]$ "u ,,gst/,,hst legisl,n4 ,remitt.e--,a pay;t ( ,,cpp or ,,qpp1 ;,,ei1 9come tax1 or ,,gst/,,hst t is pd 6u "? a f9ancial 9/itu;n1 or t a busi;s or 9dividual s5ds directly 6u4 ,x al 9cludes ! employ]'s %>e ( ,,cpp 3tribu;ns & ;,,ei premiums4 ,rese>* grants--,am.ts ( m"oy giv5 69dividuals 6explore >1s 9 v>i\s fields ( /udy4 ,! grants cov] ! co/ ( rese>* plus ! rese>*]'s 9come4 ,^! am.ts >e taxa# b "s (! rese>*]'s exp5ses may 2 deducti# = tax purposes4 ,= m specific 9=m,n1 ref] 6,9t]pret,n ,bullet9 ,,it-#ge1 ,s*ol>%ips1 ,fell[%ips1 ,burs>ies1 ,prizes1 ,rese>* ,grants & ,f9ancial ,assi/.e4 #bbg ,gloss>y d#ei ,res]ves--,funds set aside 6cov] future exp5ses1 losses1 or claims4 ,sal>y--,! am.t an employ] pays an employee = "w d"o4 ,ea* employ] records ? type ( employ;t 9come on ,t#d slips4 ,same z ,,employ;t ,,9come & wages4 ,self-employ;t--,! op],n ( yr [n busi;s4 -------------------------------------#fj ,%>ehold]s--,a p]son 79dividual or corpor,n7 :o [ns %>es 9 a limit$ -pany4 ,social 9sur.e numb] 7,,sin7--,a numb] giv5 6ea* 3tributor 6! ,,canada ,,p5.n ,,plan1 ,,quebec ,,p5.n ,,plan1 & ,,employ;t ,,9sur.e4 ,x helps record ! 3tribu;ns & premiums pd 96&! b5efits pd \ (! plans4 ,s9ce ^! social 9sur.e programs >e 3nect$ 6! tax sy/em1 ! ,,sin is al us$ z an id5tifi] = f$]al 9come tax purposes4 ,"ey"o :o files an 9come tax & b5efit return m/ provide a ,,sin4 ,sole proprietor%ip--,an un9corporat$ busi;s 5tirely [n$ 0"o p]son4 ,same z a ,,proprietor%ip4 #bbh ,gloss>y a#fj ,sp\se--,= purposes (! ,9come ,tax ,act1 s9ce #bjja1 ! t]m sp\se only m1ns a m>ri$ "pn]4 ,! t]m -mon-law "pn] 9cludes "pn]s (! same sex or opposite sex1 :o meet c]ta9 3di;ns4 ,= m 9=m,n1 see ! ,g5]al ,9come ,tax & ,b5efit ,guide4 ,/ate;t ( 9come & exp5ses--,=m t summ>izes rev5ue1 9come1 & exp5ses =a specific p]iod4 ,/ate;t ( remun],n pd 7,t#d slip7-- ,9=m,n slip t %[s ! 9come t an employ] pays 6an employee4 ,taxa# all[.es & b5efits1 s* z pay;ts made on ! employee's 2half 6a prov9cial h1l? c>e plan1 >e 9clud$ z 9come4 ,a ,t#d slip al %[s h[ m* ! employ] deduct$ = 9come tax1 ,,cpp or ,,qpp 3tribu;ns1 ,,employ;t ,,9sur.e premiums1 & 3tribu;ns 6! employ]'s p5.n plan4 ,supply--,= ,,gst/,,hst purposes1 ? g5],y m1ns ! provi.n ( prop]ty or a s]vice 9 any mann]1 9clud+ sale1 #bbi ,gloss>y b#fj transf]1 b>t]1 ex*ange1 lic;e1 r5tal1 l1se1 gift1 or 4posi;n4 ,tax c5tres--,(fices 9 di6]5t regions ( ,canada ": we process tax returns4 ,tax ,c\rt ( ,canada--,a c\rt t he>s app1ls ab 9come tax & ,,gst/,,hst assess;ts4 ,9 a4i;n1 ! ,c\rt has jurisdic;n 6he> app1ls "u ! ,canada ,p5.n ,plan1 ,employ;t ,9sur.e ,act1 & s"eal o!r acts4 ,! ,tax ,c\rt ma9ta9s f\r (fices 7,vanc\v]1 ,ottawa1 ,toronto1 & ,montr@eal7 & regul>ly 3ducts he>+s 9 major c5tres acr ,canada4 ,tax paya#--,! am.t ( 9come tax t y m/ pay on ,,taxa# ,,9come =! tax ye>4 ,x is al ! am.t ( tax paya# on a taxa# supply 7= ,,gst/,,hst purposes74 ,tax s]vices (fices--,(fices acr ! c.try t provide a po9t ( 3tact =! public4 ,visit ! ,,cra ,web site at _+www.cra.gc.ca/tso_: =! a4ress & s]vices availa# at yr ,,tso4 #bcj ,gloss>y c#fj ,tax tr1ties--,gov]n;t agree;ts sign$ 2t c.tries4 ,!y help citiz5s :o e>n =eign ,,9come avoid d\# tax,n4 ,taxa# b5efits--,am.ts ( m"oy1 or ! value ( gds or s]vices1 t an employ] pays or provides 9 a4i;n 6,,sal>y4 ,= example1 ! "p (a h1l? 9sur.e plan t ! employ] pays is a taxa# b5efit4 ,taxa# gds & s]vices--,? ref]s 6gds & s]vices taxa# at #j@3p 7z]o-rat$71 #e@3p or #ac@3p4 ,taxa# 9come--,! am.t ( ,,9come left af all all[a# deduc;ns h be5 subtract$ f ,,net ,,9come4 ,? am.t is us$ 6calculate ! ,,tax ,,paya#4 ,tax ye>--,! ,,cal5d> ,,ye> or ,,fiscal ,,p]iod = : 9come tax is 6be pd4 ,toba3o products--,? ref]s 6manufactur$ toba3o1 packag$ raw l1f or cig>s4 ,"w]s' -p5s,n--,m"oy pd 6-p5sate a p]son 9jur$ on ! job4 ,x is an 9sur.e #bca ,gloss>y d#fj plan pd = 0employ]s & adm9i/]$ 0! ,"w]s' ,-p5s,n ,bo>d4 #bcb ,transcrib]'s note3 7,back cov]7 ,yr op9ion c.ts6 ,if y h any -;ts or su7es;ns t cd help u improve \r public,n1 we wd l 6he> f y4 ,pl1se s5d yr -;ts to3 ,taxpay] ,s]vices ,directorate ,canada ,rev5ue ,ag5cy #gej ,h]on ,road ,ottawa ,,on ,k#a;,a #j;,l#e #bcc