Expert Tax Accountants in Kenora

Ontario HST is 13% for 2026: the 5% federal GST plus an 8% provincial component, unchanged since 1 July 2010, and the CRA collects all of it. A $100 taxable purchase therefore carries $13 of HST. The rate follows the place of supply, so an Ontario delivery takes 13% even if you invoice from another province. Basic groceries and prescription drugs are zero-rated; most long-term residential rent is exempt and carries no HST.

Most people pay through online or telephone banking, adding the CRA as a payee and choosing the exact account and year, such as a personal balance owing or an instalment. The alternatives are CRA My Payment with a debit card, pre-authorised debit scheduled in My Account, a credit card or e-transfer through a third-party provider that charges its own fee, or paying at your bank with a remittance voucher. For the 2025 tax year the balance was due 30 April 2026.

An Ontario resident pays federal tax of 14% to 33% for 2026 plus a separate Ontario calculation on the same taxable income, so your combined marginal rate is the federal rate for your band added to the Ontario rate for its band. Ontario also layers surtaxes onto the provincial portion at higher incomes and collects the Ontario Health Premium through the return. Take the current Ontario bracket, surtax and premium figures from the CRA's Ontario tax page.

Ontario has no single property tax rate. Every municipality sets its own rate each year from its budget, and the province adds an education levy, so the same assessed value produces very different bills across the province. Assessed values come from the provincial assessment corporation rather than from your purchase price. Lower-income homeowners and tenants, and seniors, may qualify for the Ontario energy and property tax credit, which is claimed with the T1 return.

A deposit labelled Canada Pro in Ontario is normally the Ontario Trillium Benefit, which bundles the Ontario energy and property tax credit, the Northern Ontario energy credit and the Ontario sales tax credit. One labelled Canada FED is a federal payment such as the GST/HST credit or the Canada workers benefit. Both are calculated from your filed T1, so file every year even with no income. Sign in to CRA My Account to see exactly what was paid and why.

If you are incorporated, you can take salary, dividends, or a mix of both. Salary is deductible to the corporation, builds RRSP room and CPP entitlement, and requires payroll registration and regular remittances. Dividends need no payroll but come out of after-tax corporate income and create no RRSP room. Sole proprietors and partners simply draw money and pay tax on the business profit. The right mix depends on your cash needs and the corporation's tax position, so model both.

Not alone. A municipal council sets the property tax rate when it votes the annual budget and levy, and the mayor holds one vote, though a few provinces give mayors added budget powers that council can still override. Your bill is the assessed value of the property multiplied by that rate, plus an education portion the province sets. Assessments come from a provincial assessment body, not from the mayor.

The CRA assigns tax centres by where you live, so the right one depends on your province or territory, and for a corporation on where its records are kept. The mailing address is printed in the return package and listed on the CRA's page of addresses, which is the only reliable source because centres are consolidated from time to time. Filing electronically removes the question altogether and gets a refund out in about two weeks rather than months.

Yes. CRA My Account holds your notices of assessment and reassessment, lets you view returns for a number of prior years, and lists the slips the CRA received, such as T4, T4A and T5. Keep in mind these are the CRA's records of what was assessed, not the file your software produced, so figures can differ if the return was adjusted. Records supporting a return should be kept six years from the end of the last tax year they relate to.

Federal taxation is the part of the system Parliament sets and the CRA administers: personal and corporate income tax, GST, excise duty and customs. Each province levies its own income tax as well, and the CRA collects provincial personal tax alongside the federal amount on one return everywhere except Quebec, which administers a separate provincial return. That is why your total rate has two components even though most people file only once.

Check CRA My Account first: it shows whether the refund was issued, the date, and whether it went by direct deposit or cheque. Common reasons are direct deposit to a closed account, a mailed cheque still in transit or sent to an old address, the refund applied to tax you owe for another year, or it being set off against another government debt. Update your banking and address details with the CRA.

An Ontario corporation files its initial return with the province, not the CRA. You report the registered office address and the directors and officers through the Ontario Business Registry, signing in with your company key, and there is no fee. It is separate from your federal T2 and from the annual return. The filing is due soon after incorporation and a late filing carries a penalty, so confirm the current deadline on the Ontario Business Registry before you start.