Benefits and Credits

At C-note Tax Solutions, we assist you in navigating the complexities of government benefits and credits that can significantly reduce your tax burden. Understanding your eligibility and applying for the right credits is essential for maximizing your benefits . Our team is dedicated to ensuring you receive all the benefits you’re entitled to, helping you optimize your tax situation.

The GST/HST credit is designed to support low- and moderate-income individuals and families by offsetting the cost of GST/HST. We guide you through the application process, ensuring you meet all eligibility criteria and submit your application accurately. Our goal is to help you qualify for and receive the credit, reducing your overall tax liability.

The Canada Child Benefit (CCB) is a tax-free monthly payment designed to help eligible families with the costs of raising children. At C-note Tax Solutions, we assist in applying for the CCB, ensuring you receive the maximum benefit based on your household income and the number of children you have. Let us simplify the application process and ensure that your family gets the financial support you deserve.

Our goal is to simplify your tax responsibilities, helping you save time, avoid mistakes, and ensure your taxes are filed on time.

Other personal tax services

FAQ’s

Find answers to common questions and get the clarity you need for a smooth tax filing experience.

How long will it take to receive the Notice of Assessment?

When you file your tax return, the CRA will review it and send you a Notice of Assessment. If you filed electronically, standard time to issue your notice of assessment is within 2 weeks of receiving your return and any required supporting documents, and if you mailed in paper copies, it would take eight weeks (or more). Returns may take up to 16 weeks if you live outside Canada and file a non-resident personal income tax return.

How long will it take to get a refund from CRA?

Canada Revenue Agency (CRA) says that it takes about 2 weeks to process the tax returns.

How can I create my CRA Account?

To create/ login click CRA sign-in services – Canada.ca

When I was setting up my CRA account, they asked for an amount on a specific line number (eg; line number 10100). Where can I get this line number from, please?

The amount on the requested line number can be found on the tax return summary that we sent you for reference after your tax filing.

My CRA account got locked. What do I have to do?

If your account has been locked due to too many failed attempts to use your password or user ID, the CRA’s first recommendation is to contact them. They will be able to provide you with a new password to assist you in resetting and logging back into your account.

How can I update my address on CRA?

We can assist you in updating your address with the CRA during your tax filing. In all other cases, you can either contact CRA to update your address or direct deposit information, an agent may help you make these changes through a secure online channel such as My Account or you can update yourself through your CRA My account, as they won’t allow the representatives to update your personal information once after the tax filing.

How can I make payment to CRA?

For information on making payments to CRA- Make a payment for individuals – Payments to the CRA – Canada.ca

When will you receive your tax slips?

You should have received most of your slips and receipts by the end of February. However, you may not receive your T3 and T5013 slips until the end of March.

How long should you keep your income tax records?

Even if you do not have to attach certain supporting documents to your return, or if you are filing your return electronically, keep your supporting documents for six years in case the CRA asks you to provide them later.

What will happen if I file my taxes after the deadline?

The CRA will charge you a late-filing penalty if you file your tax returns after the deadline and you owe tax that remains unpaid at that time. The penalty for your current year late-filing will be 5% of your tax balance owing, plus 1% of your balance owing for each full month your return was filed after the deadline, to a maximum of 12 months.

What are the benefits applicable for new immigrants?

New immigrants can apply for GST HST Credit Application.

What is the GST HST Credit Application?

The goods and services tax/harmonized sales tax (GST/HST) credit is a tax-free quarterly payment that helps individuals and families with low and modest incomes offset the GST or HST that they pay. It may also include payments from provincial and territorial programs like Ontario trillium benefit for Ontario residents.

I received a letter from the Canada Revenue Agency regarding GST HST Credits/Ontario Trillium Benefit. What should I do?

For more information on that letter, you must call the number listed on the last page of the letter you received.
If you need any further clarification, please send us the letter to contact@cnotetax.ca.

I reside in Sault Ste Marie. Will I get northern Ontario benefits?

To become eligible for Northern Ontario benefits you must be reside in the districts of Algoma, Cochrane, Kenora, Manitoulin, Nipissing, Parry Sound, Rainy River, Sudbury (including the City of Greater Sudbury), Thunder Bay, and Timiskaming.

I filed my tax returns last April. But I haven’t received any benefits even though I come under the low-income group.

The most likely reason you did not receive the benefit is that you did not respond to the letter you received from the CRA regarding the more information request.

I am a student. How does my tuition fees work on tax returns?

Since the tuition tax credit is a non-refundable credit, it may help you to lower your tax bill if you owe taxes on any income you’ve made. If you don’t utilise the entire credit, the balance will be carried forward to the next tax year or passed to a family member who qualifies.

Am I eligible for moving expenses?

You can claim moving expenses you paid in the year if both of the following criteria apply:

you moved to work or to run a business at a new location, or you moved to study courses as a full-time student enrolled in a post-secondary program at a university, a college, or other educational institution
your new home must be at least 40 kilometres closer (by the shortest public route) to your new work location or school

How does RRSP work on tax returns?

Any income you earn in the RRSP is usually exempt from tax as long as the funds remain in the plan; you generally have to pay tax when you receive payments from the plan.

What is the advantage of TFSA?

Contributions to a TFSA are not deductible for income tax purposes. Any income earned in the account (for example, investment income and capital gains) is generally tax-free, even when it is withdrawn.

Is it necessary to provide spousal information even if the spouse is not a resident of Canada during the fiscal year?

Yes, even if your spouse is not in Canada, you must provide basic information about him or her, such as first name, last name, and date of birth, for tax purposes.

I arrived in Canada at the end of the tax year. Is it necessary for me to file my taxes for that year?

The Canadian tax system is based on residency. So, if you are in Canada on the 31st of December of the fiscal year, you can file taxes for that year.

This year, I moved to Canada. Can I apply for GST HST Credit now, or must I wait until my first tax filing?

No, you may apply for GST HST Credit at any time. It does not have any deadline.

I haven't worked this financial year. Is it necessary for me to file my taxes?

Even if you haven’t worked, you can claim your benefits by filing your taxes with a zero income.

How can I contact C-note tax solutions?

You can contact us at 416-303-3600 or pass your inquiries through contact@cnotetax.ca

What kind of services do C-note tax solutions provide?

We provide a wide range of tax related services. For more details, click here.

Will C-note create my CRA Account during my tax filing?

No, we don’t create CRA accounts for individuals.

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Benefits and Credits