Looking to apply for SR&ED investment tax credits? The CRA is here to help!
The Canada Revenue Agency (CRA) has launched re-designed Scientific Research and Experimental Development (SR&ED) Tax Incentive Program web pages to make it easy for you to find the information you need to claim SR&ED investment tax credits.
We have also updated our interactive Self-Assessment and Learning Tool (SALT), so you can determine whether your research and development (R&D) work could qualify for investment tax credits and your potential claim amount.
Feel like you’re missing out on something? It could be your benefits and credits or your tax refund!
Did you know that some Canadians are entitled to benefits and credits but they don’t know that they are? You may be leaving money on the table by not filing your income tax and benefit return.
The Canada Revenue Agency (CRA) wants you to receive the benefits and credits you’re entitled to. We use the information from your tax return to calculate your benefit and credit payments.
The only way to find out what you are missing is by filing!
Running a business is difficult; understanding your tax obligations doesn’t need to be.
June 15, 2022, is the deadline for self-employed individuals to file their 2021 income tax and benefit return. The Canada Revenue Agency (CRA) wants to remind businesses that we are here to support you and your business in meeting your tax obligations.
The Liaison Officer Service
The CRA offers free Liaison Officer services to owners of small businesses and self-employed individuals to help them understand their tax obligations. A visit from a Liaison Officer is 100% confidential: the information you choose to discuss with them will not be shared with other areas of the CRA, or anyone else.
June 15, 2022, is the deadline for self-employed individuals to file their 2021 income tax and benefit return
The Canada Revenue Agency (CRA) is here to support you and your business in meeting your tax obligations.
If you are a self-employed individual, or if your spouse or common-law partner is self-employed, you have until June 15, 2022, to file your 2021 income tax and benefit return.
What are my tax obligations as a self-employed individual?
If you earned self-employment income from a business that you operate yourself or with a partner, you have to report that income by filing a tax return.
When you're self-employed and you operate your business, you must pay the following:
personal income tax
Canada Pension Plan contributions
Employment Insurance premiums if you are eligible and have registered to participate
Reporting your income also means that the CRA will have the most accurate information on file to determine if you are eligible for provincial and territorial tax credits and benefits, the GST/HST credit and the Canada child benefit.