Expert Tax Accountants in Dauphin

Multiply the assessed value of the property by the tax rate for its property class. Assessment is set by a provincial assessment authority on its own cycle and increases are often phased in, so the value lags the market. The rate is set each year by the municipality out of its budget, with an education portion added by the province. Both figures appear on your notice, which is why identical homes in different municipalities carry different bills.

Pay through your bank's online banking by adding the CRA as a payee and choosing the right account and year, through My Payment with a debit card, by pre-authorised debit scheduled in My Account, by credit card through a third-party provider that charges its own fee, or at a bank counter with a remittance voucher. For 2025 personal returns the payment deadline was 30 April 2026, including for the self-employed, and interest runs daily on anything unpaid after that.

Several NETFILE certified programs are free to use for straightforward returns, and the CRA publishes the certified list each filing season. If your income is modest and your return is simple, a free volunteer tax clinic can prepare and file it for you. Some people also receive a CRA invitation to file through a simplified phone or digital service. Free tools cover most employment and pension returns; self-employment, rental or foreign income usually needs more.

Claim everything you are entitled to, and file on time. Gather every slip and receipt, use My Account to confirm the CRA holds the same slips you do, and claim RRSP contributions, tuition, medical expenses, child care, moving costs and employment expenses where they apply. Couples should compare who claims transferable credits and pooled expenses. If you are self-employed, deduct real business costs on the T2125. Contributing to an RRSP or FHSA before the deadline reduces taxable income directly.

File T5 slips and the related summary electronically through the CRA's internet file transfer or web forms service, reached from My Business Account, and give each recipient a copy of their own slip. The filing is due by the end of February for the previous calendar year. Web forms suits a handful of slips; internet file transfer suits an XML file exported from accounting software. Late slips draw a penalty that scales with slip count and lateness.

Compare the tax deducted shown on your slips, plus any instalments, with the total tax payable on your notice of assessment. If what you paid exceeds what you owed, the difference comes back as a refund and the notice shows it. Common causes are working only part of the year, two employers each withholding as though they were your only one, or credits and deductions you did not claim. Missed claims can be corrected with a T1-ADJ.

Income tax on a business is charged on net profit, meaning revenue less reasonable business expenses, not on gross sales. A sole proprietor reports that on the T2125 and a corporation on its T2. Other taxes do not work that way: GST/HST applies to your taxable sales whatever the profit, and payroll remittances follow wages paid. A business loss can usually be applied against other income or carried forward to a later year.

There is no single figure, because tax is built band by band on your own income. For 2026 the federal rates start at 14% and rise through 20.5%, 26% and 29% to 33%, each applying only to the income inside that band, and your province adds its own brackets on top. A federal basic personal amount of $16,452 for 2026 shelters the first slice, tapering to $14,829 at higher net income. Deductions and credits reduce the result further.

Sign in to CRA My Account and open the tax year: a filed return shows as received or assessed, and the notice of assessment appears there once processing finishes. Filing software also keeps a confirmation number from the moment it transmitted the return. If nothing appears in My Account and no notice arrived by post, the return was most likely never filed, and it can still be filed now. The CRA's individual enquiries line can confirm what is on record.

Payroll withholding is only an estimate. Your employer taxes each pay period as though the year continues unchanged, using nothing but the credits on your TD1. Anything payroll cannot take into account — RRSP contributions, donations, medical costs, a second job, a mid-year job change — settles only when you file, and a bonus can leave a gap as well, because the tax withheld on it is only an estimate of what the extra income will ultimately attract. Over-withholding gives you a refund; under-withholding leaves a balance owing. A refund is your own money coming back.

Manitoba's retail sales tax is 7% for 2026, charged on top of the 5% federal GST, so a taxable sale carries 12% in total. You register separately for each, with the CRA for GST and Manitoba Finance for RST, and file on different schedules. Retail sales tax paid on business purchases is generally a cost rather than a recoverable credit, unlike GST input tax credits, so it feeds straight into your pricing.

Periodic spousal support paid under a written separation agreement or a court order is taxable to the person who receives it and deductible to the person who pays it. Child support under most current orders is neither taxable nor deductible, and lump-sum settlements generally attract no deduction. Both former spouses should report matching figures and keep the order on file, because mismatched claims are a common review trigger.