E-filing your income tax return is faster, secure and simpler than filing offline. As the returns are filed online, they are processed by the systems automatically and, therefore, the refunds are issued faster. 

Normally CRA can ask for the documents of 6 years prior to the current Financial Year. Therefore, you must maintain your documents at least for this period. However, in some special cases, Income Tax Department can also ask for documents pertaining to periods older than 6 years, so it is advisable to keep your documents as long as possible.

NOA or the Notice of assessment is issued by CRA after you file your income tax return. This means that CRA has reviewed your return and it is generally asked by all the lenders for your credits and review purposes n Canada.

Form T2125 is to report business and professional income for people who are self employed in Canada. This form contains details of all the business income and expenses including use of motor vehicle, home office etc.

In Canadian Income Tax Act, there are certain payments including salary, interest etc. in which the one who makes such payment is liable to deduct tax. Tax is finally adjusted with the final tax payable at the time of computation of income tax return.

These taxes are reported by the employer and income provider in the forms T4 and T5 respectively. The due date of filing these forms are February 28 every year.

In Canada, an employer is not liable to deduct taxes for their independent contactors, however they have to report their income on the form T4A. It is the responsibility of the contractor to report and pay his/her taxes on their income tax return.

In Canada this is applicable to the construction industry. All payments made by the construction company to their trades men and sub-contractors are to be reported on the form T-5018. This is form is due within six month from the end of the fiscal year of the corporation.

You can split your other pension with your spouse but you cannot split your CPP received from the government with your spouse. You can always contact us for further clarifications.