Canadian Tax Season 2024 - Tax Credits, Rates, Due Dates, and When to File Your Returns
Know key dates, tax brackets, and important changes to keep your taxes on track. We have got you covered with all the information you need as the tax season 2024 begins. First, you should know the tax brackets and your tax liabilities to the Canadian Revenue Authority (CRA).
Tax Season Planning and Deadlines to Know for 2023
Knowing tax deadlines, preparing the right documents, applying for the right tax credits, and paying the correct tax payable can all sound too complex and challenging.
It certainly is a challenge but if you plan before the busy tax season, you can feel relaxed.
Why should you read The Z-Book?
This book is designed to give an overview of the SR&ED Program of the Canadian Tax Credits & Refunds System to the busy executive and the business owner/manager. In order to keep the Canadian businesses competitive in the present global market, the Canadian government offers one of the most generous incentives to Canadian businesses to encourage them to engage in scientific research and experimental development (SR&ED). It is also available to foreign corporations conducting SR&ED in Canada. It is estimated that only a very small fraction of those eligible actually apply for this credit. It is also estimated that in the last fiscal year tax credits running into billions of dollars were approved, including refunds to eligible businesses. There is no upper limit set by the Government as to the amount of tax credits it is willing to give to eligible businesses with regard to SR&ED.
*Note: This book was released in 2011 and laws change over time. Seek professional advice.
