If for any two of three consecutive taxation years, your “net tax owing” is more than $3,000 (or $1,800 if you are a Quebec resident) after you file your personal income tax return, you can expect that the Canada Revenue Agency (“CRA”) will request that you pay your current year’s income tax in quarterly instalments.
Are you a US citizen living in Canada? Did you file a US tax return? US citizens are required to file personal tax returns regardless of your residency. Here is another reason to file…. Funds may be available to you, The US government provided economic stimulus payments ranging from $600 to $1,800 in 2020 with an additional payment up to…
