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The Income Tax Act, Part I, subparagraph 2(1), states: "An income tax shall be paid, as required by this Act, on the taxable income for each taxation year of every person resident in Canada at any time in the year." After the calendar year, Canadian residents file a T1 Tax and Benefit Return [5] for individuals. It is due April 30, or June 15 ...
A Capital gains tax was first introduced in Canada by Pierre Trudeau and his finance minister Edgar Benson in the 1971 Canadian federal budget. [56] Some exceptions apply, such as selling one's primary residence which may be exempt from taxation. [57] Capital gains made by investments in a Tax-Free Savings Account (TFSA) are not taxed.
The Canada Revenue Agency (CRA; French: Agence du revenu du Canada; ARC) is the revenue service of the Canadian federal government, and most provincial and territorial governments. The CRA collects taxes, administers tax law and policy, and delivers benefit programs and tax credits. [4]
Canada's tax protester and pseudolaw tradition was influenced by earlier idiosyncratic interpretations of Canadian law and constitution.In 1937, R. Rogers Smith self-published Alberta has the Sovereign Right to Issue and Use Its Own Credit, which argued that the British North America Act and the Statute of Westminster 1931 did not make Canada an independent nation, but left it a British ...
Canadian nationality law details the conditions by which a person is a national of Canada. The primary law governing these regulations is the Citizenship Act, which came into force on February 15, 1977 and is applicable to all provinces and territories of Canada .
Not only should this tax put our income tax structure on a more secure foundation but it should operate in a like manner with regard to succession and inheritance taxes levied by the provinces. [20] As a consequence, it was imposed by the Parliament of Canada later that year as part of the Income War Tax Act. [21] The tax was wide in its scope ...
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The Tax Court of Canada Act (French: Loi sur la Cour canadienne de l’impôt) was a 1983 Act of the Parliament of Canada concerning the Tax Court of Canada.