Expert Tax Accountants in Fort Saskatchewan

For the 2025 tax year the filing and payment deadline is 30 April 2026. If you or your spouse were self-employed, the filing deadline moves to 15 June 2026, but any balance owing is still due 30 April 2026. Interest starts the day after the payment deadline, and a late-filing penalty applies on top when a return with a balance owing is filed late. File on time even with nothing owing, because income-tested benefits are recalculated from the filed return.

Canada runs three systems. The federal GST is 5% for 2026 and applies nationally. Five participating provinces fold a provincial share into one harmonised rate: 13% in Ontario, 15% in New Brunswick, Newfoundland and Labrador and Prince Edward Island, and 14% in Nova Scotia since 1 April 2025. Others add their own tax to the 5% GST, giving 12% in British Columbia and Manitoba, 11% in Saskatchewan and 14.975% in Quebec. Alberta and the territories charge 5% only.

Rental income is added to your other income and taxed at your marginal rate. You report gross rent and deduct reasonable expenses such as mortgage interest, property tax, insurance, utilities, repairs, condo fees, advertising and management on the rental schedule of your T1. Improvements are capitalised and claimed through capital cost allowance rather than deducted at once. A rental loss can usually offset other income, and when you sell, half the gain is taxable for 2025 and 2026.

Your refund is the tax already withheld or paid by instalments minus the tax you actually owe after credits and deductions, so the amount depends entirely on your own numbers - there is no standard figure. Timing is more predictable: the CRA aims to process an online return in about two weeks, and up to 16 weeks for a non-resident return. Direct deposit is faster than a cheque, and amounts owing to government can be offset.

Yes. Property tax is charged by your municipality and is owed whether or not the home carries a mortgage. Many lenders collect it alongside your mortgage payment and remit it for you, which is why it can look like a single bill; other lenders leave you to pay the municipality directly. Your mortgage statement shows which arrangement applies. Property tax on your own home is not deductible, though it is on a rental or a home office share.

There is no single answer, because provincial rates and personal credits change the result. The mechanics: federal tax for 2026 begins at 14% on the lowest bracket, and the basic personal amount of $16,452 shelters the first slice of income. Your province applies its own brackets and credits on top, and CPP and EI contributions come off separately. Run your province and pay period through the CRA's payroll deductions online calculator for a reliable figure.

Call the individual or business tax enquiries line listed on the CRA's Contact us page, then work through the automated menu to reach an agent. Have your social insurance number or business number, your date of birth and a line amount from your last assessed return ready, because the agent cannot discuss your file without them. Wait times are longest right after the filing deadline. My Account answers many questions without a call.

Up to $60,000 for 2026, taken from your RRSPs with no tax on the withdrawal. The limit is per person, so two eligible buyers can take $60,000 each toward the same home. You have to be a first-time buyer or otherwise qualify, have a written agreement to buy or build a qualifying home in Canada, and intend to live in it as your principal residence.

Taxable revenue is your worldwide revenue from supplies made in Canada that are taxable or zero-rated, measured before expenses. It leaves out exempt supplies such as residential rent and most health services, and it leaves out proceeds from selling capital property. This is the figure tested against the $30,000 small-supplier threshold over four consecutive calendar quarters or within a single quarter; going over in one quarter ends small-supplier status on the sale that takes you past it.

Interest runs on an unpaid balance from the day after the payment due date and compounds daily until the balance is cleared. The rate is a prescribed rate the CRA sets for each calendar quarter and tied to short-term government yields, so it moves through the year; the current figure is published on the CRA's prescribed interest rates page. Interest also applies to penalties once assessed, and it is not deductible. Any partial payment reduces the balance interest is charged on.

Edmonton property tax is your assessed value multiplied by the tax rate council sets each year, and the bill combines the municipal portion with the provincial education portion. Because it turns on your own assessment, there is no single amount that applies to every home. Look your property up on the City of Edmonton site to see the current assessment and levy. The city sends one annual bill and offers a monthly payment plan for owners who prefer to spread the cost.

Generally no. PST in British Columbia at 7%, Saskatchewan at 6% and Manitoba's RST at 7% are provincial taxes with no general refund route for a visitor or online buyer from Alberta, and Alberta charges no PST of its own. Narrow refunds exist in each province for specific situations and are claimed from that province, not the CRA. A business can recover GST through input tax credits, but provincial sales tax stays a cost.