Canadian Income Tax Calculator

Income Tax FAQ.

Why should I file my taxes?

• Filing your taxes on time ensures you receive every credit and deduction you’re owed.
• If you’re owed money, not filing a return means you could be missing out on a refund.
• Skipping any tax year could pause eligible benefit payments such as the GST/HST Credit or Canada Child Benefit payment.
• If you owe money, avoid late fees, penalties or interest when you file on time.

When are taxes due in Canada?

The deadline to file your 2022 income tax return is May 1st, 2023, since April 30th falls on a Sunday. If you’re self-employed your taxes are due on June 15, 2023.

How long does it take to get a tax refund in Canada?

It can take 2 to 3 weeks to receive a refund when you transmit your return via NETFILE. For mailed returns, refunds are mailed out in 4 to 6 weeks following receipt of the return by the CRA or the Revenu Quebec. However, when you file with us you could get your refund instantly.

Learn more about H&R Block’s Instant Refund.

Does everyone need to file an income tax return?

If you’re a resident of Canada for any part of the year and are earning income, whether that’s employment, self-employment, investment, or other income, you're subject to Canadian income tax. There are no exemptions for age or occupation.

How long should I keep my income tax records?

The CRA requires that you retain your records for a minimum of 6 years, by law. You can ask to amend your tax return for up to the previous 10 years, so it’s a good idea to maintain your records for that long.

What should be reported as income?

Income is considered all earnings for the year, from a part-time or contract job to self-employed income. ​

How do I determine my employment income?

• Your employer(s) will send you a T4 slip which outlines your earnings for the year.​
• If you worked several different jobs, you would receive a T4 from each one. ​
• If you earned additional income from freelance work or tips, those would need to be claimed as income in addition to what’s already marked on your T4.

What are RRSPs?

Registered Retirement Savings Plans (RRSPs) are a great way to save money for retirement and reduce your taxes. Learn more about how they work, by checking out our blog.

What are capital gains and losses?

You have a capital gain or loss when you sell or are considered to have sold capital property. Learn more about capital gains & losses, by checking out our blog.