Expert Tax Accountants in Corner Brook

File a T1 return for the year, sending it electronically with CRA-certified software or mailing a paper return. Gather your slips and receipts first and check them against the ones listed in My Account. For the 2025 tax year the filing and payment deadline was 30 April 2026, or 15 June 2026 to file if you or your spouse were self-employed, with payment still due 30 April 2026. CRA online filing for 2025 returns closes 29 January 2027.

Property tax is billed by your municipality, not the CRA, so payment goes to the city or town that issued the bill. Most municipalities accept online or telephone banking once you add the property tax roll number as a payee, pre-authorised instalment plans, cheque, or payment at your bank. If your mortgage lender collects tax with your mortgage payment, the lender remits it for you. Condominium owners get their own bill, separate from monthly condo fees.

Sign in to CRA My Account, or use the CRA's mobile app, where the return shows as received, in process or assessed, and the refund amount and payment date appear once it has been assessed. The CRA also runs an automated telephone service giving the same information. A representative you have authorised through Represent a Client can check it for you. If the status has not moved past the published processing time, the return is probably under review.

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.

Wait for your notice of assessment, then use Change my return in CRA My Account, ReFILE through approved tax software, or mail a T1-ADJ with supporting documents. Adjustments are allowed for the current year and a set number of earlier years; the CRA's Change my return page states the limit. Explain each line you are changing and attach the receipts. A change takes longer to process than an original return, and interest on any extra tax runs from the original due date.

Most people say tax preparer or accountant. In Canada the work is not reserved to a single title: preparers, bookkeepers, accountants and tax agents all prepare and file returns, and anyone filing more than a set number of returns for payment must use an electronic filer number from the CRA. Some designations are protected titles, so check what a person actually holds. Ask who reviews the return, how the fee is set, and whether CRA follow-up is included.

Payroll liabilities are amounts you owe because you paid staff but have not yet handed over: income tax, CPP and EI withheld from pay, the employer's share of CPP and EI, and accrued wages and vacation pay. Withheld amounts are held in trust, so late remittance draws penalties and interest. For 2026, CPP is 5.95% each for employee and employer, and EI is $1.63 per $100 for employees with the employer paying 1.4 times that.

Rent on your home is not deductible on a Canadian personal return by itself. Three routes can still put it on your return: a home office used for employment or self-employment lets you deduct the share of rent for that workspace; several provinces give renters a property-tax or housing credit claimed with your T1; and rent for space used entirely by a business is a business expense on a T2125. Check your province's credit page.

A real CRA agent will ask you to confirm identifying details, including your social insurance number, once you have called them or after they reach you about a known file. What the CRA does not do is demand your SIN, banking details or a payment over a call you were not expecting, threaten arrest, or ask for gift cards or crypto. If a call feels wrong, hang up and phone the CRA back on a number from canada.ca.

Taxable value is the amount a tax is actually calculated on, after the exemptions and adjustments that apply to that particular tax. For property tax it is the assessed value your assessment authority sets. For sales tax it is the price charged for the supply, though Quebec applies QST of 9.975% to the pre-GST price. For income tax the equivalent is taxable income. Where a value has to be estimated, the usual standard is fair market value on the relevant date.

No. Property tax is set by your municipality from the assessed value of the property and the annual tax rate, and neither changes because a mortgage was discharged. What changes is who pays it. Many lenders collect tax along with the mortgage payment and remit it for you, so once the loan is gone the municipality bills you directly and the full amount appears as its own instalment. Enrol in the municipality's payment plan so a bill is not missed.

Unpaid property tax attracts interest and penalties set by the municipality, and the arrears attach to the property rather than to you personally. A municipality can register a tax arrears certificate and, if the account stays unpaid long enough, sell the property through a tax sale. A lender holding your mortgage may pay the arrears and add them to the loan. Contact the municipality early, because most will agree to a payment arrangement.