New to Canada? Learn about taxes

By Staff | April 12, 2016 | Last updated on April 12, 2016
1 min read

If you’re new to Canada, you may be wondering how to apply for benefits and credits. You may also be unsure about what you have to fill out and send to the Canada Revenue Agency (CRA) when it comes to income taxes.

Here’s a video from CRA that answers these questions.

Here are more answers to common questions.

Do I need to file taxes?

All Canadian residents are required to file an income tax and benefit return. As a rule, you are a resident of Canada on the date you arrive and set up ties to Canada. These ties include having a house and or family in Canada.

Why should I file taxes?

  • Even if you have no income to report, you should file a return every year. When you send in your return, the CRA will review it and let you know if there are credits and benefits that you may be able to get, such as the GST and HST credit. You may also be eligible for other family credits and benefits.
  • Taxes pay for the services and benefits that all Canadians enjoy like schools, libraries, parks, hospitals, police, ambulance, fire services, roads, and bridges.

And click here for more information for new Canadians. Each of these articles is translated into Hindi, Punjabi and Chinese.

Here are some specific articles that might help, with the translated links below.

Tax implications of investing aboard

海外投资的税务问题

विदेशों में निवेश के कर संबंधी प्रभाव

ਵਿਦੇਸ਼ ’ਚ ਧਨ ਨਿਵੇਸ਼ ਕਰਨ ਦੀਆਂ ਟੈਕਸ ਗੁੰਝਲਾਂ

Tax and pension tips for immigrants

新移民税务和养老金小贴士

नए आप्रवासियों के लिए कर और पेंशन के सुझाव

ਨਵੇਂ ਪ੍ਰਵਾਸੀਆਂ ਲਈ ਟੈਕਸ ਅਤੇ ਪੈਨਸ਼ਨ ਨੁਕਤੇ

Tax tips for new homeowners

新业主税务提示

नए गृहस्वामियों के लिए कर बचत के सुझाव

ਨਵੇਂ ਮਕਾਨ ਮਾਲਕਾਂ ਲਈ ਟੈਕਸ ਨੁਕਤੇ

Advisor.ca staff

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.