This webinar is for the people who would like a better understanding of Canada's Tax System.
1. Introduction to Canada's Tax System
• Overview of the Canadian tax system
• Key tax authorities and regulations
2. Personal Income Tax Returns for Newcomers
• Tax residency status for newcomers
• Filing requirements and deadlines
• Canadian tax brackets and rates
• Tax credits and deductions for individuals
• Reporting foreign income and assets
3. Common Mistakes and Recommendations
• Mistakes to avoid when filing personal income tax returns
• Tips for maximizing deductions and credits
• Importance of record-keeping and documentation
• Tax planning strategies for newcomers
4. Business Structures and Reporting
• Overview of different business structures in Canada
• Tax implications and considerations for each structure
• Registering a business in Canada
• Reporting requirements for businesses
• Tax deductions and credits for businesses
