Income Tax

Knowing How Much Tax You Have Paid
In Canada, there is both federal and provincial income tax that you must pay if you are working here. These are combined as one deduction, so that your statement of pay will tell you only one amount for income tax deducted from that paycheque… it will not tell you how much has been deducted for federal income tax and how much has been deducted for provincial income tax.

Filling an Annual Income Tax Return
Each year, your Employer will submit a record of your pay for that year to Revenue Canada Taxation. Your Employer must also give you a record of your pay for that year. The record you receive from your Employer is called a T4 slip, and it lists your total pay and deductions for that year (January 1st to December 31st). Your Employer must give you your T4 slip by February 28th of the following year. This is so you can file an income tax report with Revenue Canada Taxation by April 30th of that following year. Rosenblatt Associates can advise you on getting help with completing and filing your income tax report. 

Income Tax Refund
If you have not earned a minimum amount between January 1st and December 31st (gross), then you may be entitled to have all or some of the income tax you paid refunded to you. The specific minimum amount you must earn before you have to begin paying income tax changes from year to year.

Leaving or Changing Your Job