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PARKER GARBER & CHENEY, LLP Chartered AccountantsWilshire Management Services Ltd. CANADIAN PERSONAL TAX INFORMATION SHEET2016 TAXATION Earth following document is meant to provide you with a reminder
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Canadian personal tax information refers to the details and documentation that individuals must submit to the Canada Revenue Agency (CRA) in order to report their income, expenses, credits, and deductions for tax purposes.
All Canadian residents who earn income are required to file Canadian personal tax information, including individuals, employees, and self-employed individuals.
Canadian personal tax information can be filled out either online using CRA's My Account portal, or by mailing a paper tax return to the CRA.
The purpose of Canadian personal tax information is to report income, claim applicable tax credits and deductions, calculate taxes owed or refund due, and comply with Canadian tax laws.
Common information to be reported on Canadian personal tax information includes employment income, investment income, capital gains, expenses, deductions, and tax credits.
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