Tax Doctors Canada Tax News And Information

For income tax return purposes, you are considered a newcomer for the first tax year that you become a new resident of Canada. As a newcomer to Canada, there are certain rules and regulations that must be adhered to when filing your tax return. Often, newcomers to Canada are unaware of their tax filing obligations and don’t file a tax return; consequently, resulting in back tax issues.

There are refundable and non-refundable tax credits. A tax credit that can't reduce the amount of tax owed to less than zero is a non-refundable tax credit.