In Canada you are required to pay both provincial and federal tax on the net income you earn. Once a year you are required to report your total earnings/income to the CRA (Canada Revenue Agency) by submitting a tax return. The tax rate you pay depends on the taxable income you earn. You can reduce the taxes you must pay by taking advantage of the available deductions and credits. This can be confusing since every year new credits and deductions are introduced. Our team of accounting specialist is here to ensure you maximize the use of available credits and deductions that will ensure you save the most of your hard earned money.
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