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How does the Canadian tax system work for newcomers?

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(@brown-caleb9602)
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[#43]

 
Posted : 14/02/2025 1:24 pm
(@wong_kevin)
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Canada has a progressive tax system, meaning the more you earn, the higher your tax rate. Taxes are deducted at the source if you're employed, but if you're self-employed or have additional income, you’ll need to file your taxes annually. As a newcomer, you’ll also need to apply for a Social Insurance Number (SIN) to work and pay taxes. Filing taxes is mandatory even if you have little or no income, as it helps you qualify for government benefits.


 
Posted : 14/02/2025 1:24 pm
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