Tax Service- Residents

«  The Tax Accountant (CPA- Certified Public Accountant) will help you deal with personal financial statement and issues.

«  All consulting services is free for Maiti members.

«  Free service to apply Netfile access code (non-residents)

«  For Residents - Income Tax and Tax Refund service: $120 CAD

l   What is the taxation system in Canada?

In Canada, the federal, provincial and municipal governments collect money from individuals and companies to help pay for government programs and services, such as roads, public utilities, schools, health care, economic development and cultural activities.

Common types of taxes are income taxes, sales taxes, property taxes, and business taxes (if you own a business).

l   Income Tax

The Canada Revenue Agency (CRA) collects income taxes.

Each year, people who are Canadian residents for tax purposes complete an income tax return. On this return you list your taxable income, deductions and tax credits to calculate how much tax you owe.

l   Sales Tax

In Ontario, there is a Harmonized Sales Tax (HST) of 13%. Usually, HST is added at the cash register so the amount on the price tag may not be the final price.

8% of the HST goes to the provincial government and 5% goes to the federal government.

You pay HST on many goods and services but there are a few exceptions, such as basic food products, child care services, and prescription drugs.