Expert Tax Accountants in Kingston

Multiply the pre-tax price by the rate that applies where the sale happens. In Ontario that is 13% HST for 2026; in Alberta 5% GST; in British Columbia 5% GST plus 7% PST, each applied to the same base. Quebec is the exception, where 9.975% QST is charged on the pre-GST price, giving 14.975% combined. To back the tax out of a tax-included price, divide by one plus the rate.

Usually because the pay for that period is low enough that the basic personal amount covers it. Payroll annualises each cheque, so part-time or irregular hours can produce zero income tax while CPP and EI still come off. Other causes are a TD1 claiming large credits, a claim of exemption from withholding, or being paid as a contractor rather than an employee, in which case nothing is withheld and the tax is yours to set aside and remit.

Rent from an Ontario property is taxed the same way as anywhere else in Canada: you report gross rent, deduct allowable expenses, and pay tax on the net amount at your combined federal and Ontario rates. Residential rent charged to a tenant carries no HST, though commercial rent generally does at 13%. Ontario landlords also cannot deduct the cost of the building itself, only capital cost allowance, which can affect a later sale.

Yes. Tips and gratuities are taxable income in Ontario, whether they arrive through payroll, a card terminal, a tip pool or straight cash. Where your employer controls and distributes them, they are normally run through payroll with income tax, CPP and EI withheld. Tips paid to you directly are yours to report on your own return. Keep a running daily record, because unreported tips are a common focus of CRA review in hospitality.

Ontario does not issue its own refund; the Canada Revenue Agency assesses your T1 and pays the combined federal and Ontario amount. A return filed online is usually processed in about two weeks, and a non-resident return can take up to 16 weeks. Filing for the 2025 tax year opened 23 February 2026. Register for direct deposit and watch My Account for the assessment, and note that amounts you owe the CRA or certain other agencies can be applied against a refund.

Employers must file T4 slips with the CRA and give employees their copies by the last day of February following the calendar year the pay relates to; when that date falls on a weekend the next business day applies. Slips for 2025 pay were therefore due in February 2026. If yours has not arrived, ask the employer first, then check your CRA My Account, where filed slips appear and can be used to file.

Employment income is your gross pay before deductions. Box 14 of your T4 shows the full amount your employer paid you, while income tax, CPP and EI withheld appear in separate boxes rather than being subtracted from it. You report the gross figure on your T1, and the tax withheld is then credited against the tax calculated on your return, which is why the same withholding appears again further down.

No. Ontario folded its provincial sales tax into the harmonised sales tax, so a single combined tax now covers the federal and provincial portions on taxable sales. You register once, charge one rate and file one GST/HST return with the CRA instead of running a second provincial system. A narrow retail sales tax still applies in Ontario to certain insurance premiums and benefit plans, which is why some bills show a provincial tax line.

Municipal property tax is billed by your city, not the CRA, and most Canadian municipalities let you spread it over instalments or a monthly pre-authorized plan instead of paying two lump sums. Arrangements are made with the city's tax office, and arrears usually carry monthly interest set by by-law. Property tax on your own home is not deductible; on a rental or a qualifying home office it can be claimed.

Workers' compensation benefits are not taxed. The provincial board issues a slip, you report the amount on your return, and an offsetting deduction takes it out of taxable income. It still counts in net income, so it can reduce income-tested credits and benefits. Wage-loss payments from a private disability plan your employer paid for are different and are employment income. An employer top-up of board payments is also taxable and appears on your T4.

Property tax in Ontario is an annual amount, so a monthly figure is only that amount spread over your payment plan. The annual bill is your MPAC assessed value multiplied by the rate your municipal council sets, plus the provincial education rate, which is why two identical homes in different municipalities pay different amounts. Read the total off your last final bill and divide it, or look up the current rate on your municipality's website.

Rent paid on your own home is not deductible on the federal return, so most tenants report nothing. Rent does belong on the return in three cases: you are claiming a provincial benefit that is based on rent, such as the Ontario energy and property tax credit or the Manitoba renters tax credit; you are deducting a work-space-in-the-home share as an employee or a self-employed person; or you received rent as a landlord, which is taxable income.