TN CPA Professional Blog
The TN CPA Team is your source for the latest Canadian tax news and updates on changing tax laws.
We are pleased to provide a variety of resources on accounting, bookkeeping taxation, and other related subjects that we hope will be helpful to both individuals and businesses.
If you have any questions, simply contact us by email or call 416-318-6789. We will be happy to meet with you for a free, no-obligation consultation.Disclaimer:
The content provided in this blog is for general informational purposes only and is not intended as professional accounting, tax, or financial advice. While efforts are made to ensure the accuracy and timeliness of the content, errors or omissions may occur. The content does not constitute a client-advisor relationship. Readers should consult with a Chartered Professional Accountants or other financial professional for advice tailored to their specific needs. We are not liable for any actions one might take based on the information provided in this blog.
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2023 PERSONAL INCOME TAX
We would like to thank you for your trust in our 2023 personal tax filing services. Pls be aware of the following matters to make sure your 2023 tax is properly followed up and ready for 2024 tax filing.
1) Register for CRA account
Please follow this link to register an online CRA account for yourself and your family if you don't have one.
https://www.canada.ca/en/revenue-agency/services/e-services/digital-services-individuals/account-individuals.html
2) Obtain 2023 Tax Assessment Notice (NOA) from CRA.
If you have login to your online CRA account, pls download your 2023 NOA for your reading of your 2023 income, tax, instalment requirement, RRSP limit, TFSA limit,... to make sure you have no risk of tax compliance.
3) Tax installment for 2024
Should your 2023 tax payable is more than $3,000, you will be requested to install 2024 tax under a schedule provided by CRA in your 2023 NOA.
4) Frequently check of CRA mails
Pls keep watching your CRA account and mailbox to make sure you will catch
5) Prepare for 2024 Tax filing season
There are a lot of changes in 2024 tax rules, especially Investment and Property related. You could follow our emails and social media to update the most updated changes. And you can also book us an appointment to plan for your 2024 tax.
https://www.facebook.com/Nam.Tran.CPA/
We would like to wish you a very good year !
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