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Tax in Canada

Your personal tax guide for Canada

The content in this tax guide is provided by EY.

Going to or leaving Canada

Local tax information for Canada

Local information Details
Tax authority Canada Revenue Agency (CRA)
Website www.canada.ca/en/revenue-agency
Tax year 1 January to 31 December
Tax return due date 30 April
Is joint filing possible No

Are tax return extensions possible

Yes – filing deadline can be extended to 15 June only for individuals (and their spouses) earning self-employment or business income

Local tax information for Canada

Local information Tax authority
Details Canada Revenue Agency (CRA)
Local information Website
Details www.canada.ca/en/revenue-agency
Local information Tax year
Details 1 January to 31 December
Local information Tax return due date
Details 30 April
Local information Is joint filing possible
Details No
Local information

Are tax return extensions possible

Details Yes – filing deadline can be extended to 15 June only for individuals (and their spouses) earning self-employment or business income

2020 Federal Income Tax Rates

2020 Federal Income Tax Rates

Taxable income band CAD National Income Tax Rates

1 to 48,535

15%

48,536 to 97,069

20.5%

97,070 to 150,473

26%

150,474 to 214,368

29.22%

214,369+

33%

2020 Federal Income Tax Rates

Taxable income band CAD

1 to 48,535

National Income Tax Rates

15%

Taxable income band CAD

48,536 to 97,069

National Income Tax Rates

20.5%

Taxable income band CAD

97,070 to 150,473

National Income Tax Rates

26%

Taxable income band CAD

150,474 to 214,368

National Income Tax Rates

29.22%

Taxable income band CAD

214,369+

National Income Tax Rates 33%

Provinces and territories also impose income taxes on individuals in addition to federal taxes.

Expat tax guides

Read tax guides for expats provided by EY.

Additional information

The Tax Navigator section is provided by EY in accordance with their Terms and Conditions (PDF). EY accepts no responsibility for the accuracy of this information. By using this information, you are accepting the terms under which EY is making the content available to you based on the legislation and practices of the country concerned as of 15/09/21 by EY and published in its Worldwide Personal Tax Guide, 2020-21.

Tax legislation and administrative practices may change, and this content is a summary of potential issues to consider. This content is provided for guidance purposes only; it is not meant for direct implementation of transactions or reliance upon when considering entering into transactions. It should not be used as a substitute for professional tax, legal, financial, accounting, consulting, regulatory or other professional advice and you should seek professional advice before taking any action. It is your responsibility to ensure you make all relevant disclosures to the relevant tax authorities and that you are compliant with local tax legislation. EY accepts no responsibility for any loss arising from any action taken or not taken by anyone using this material.

HSBC accepts no responsibility for the accuracy of this information.

This information does not constitute advice and no liability is accepted to recipients acting independently on its contents. The views expressed are subject to change.

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