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Canada Tax Compliance

T1 Return · Schedule 3 · CRA

Tax authority
CRA
Tax year
1 January – 31 December
Filing deadline
30 April
CGT rate
50% inclusion rate (taxed at marginal rate)
Overview

The Canada tax system at a glance

Filings in Canada go through Canada Revenue Agency. The standard method is T1 General with Schedule 3.

Commodity for tax purposes. Capital gains (50% inclusion) or business income (100%).

Annual exemption: No separate CGT exemption

Key rates & treatment

Income tax rates
15% / 20.5% / 26% / 29% / 33%
Capital gains rate
50% inclusion rate (taxed at marginal rate)
Annual exemption
No separate CGT exemption
Currency
CAD (C$)

What Handy covers in Canada

Six things your Canada expert handles end-to-end.

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Capital gains vs business income classification

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Schedule 3 preparation

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T2125 for business and day-trading income

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Superficial loss rule

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Foreign property reporting (T1135)

Provincial tax considerations

Your expert

Your Canada expert holds CPA (Chartered Professional Accountant).

Every expert in our Canada network is a licensed, practising tax professional. We verify credentials and practice history before approval — no gig workers, no unlicensed bookkeepers.

When you sign up, our matchmaking system picks the best available expert for your specific situation: jurisdiction match, capability score, capacity, language, and client rating.

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Canada expert network
Canada Revenue Agency
  • Verified credentials and practice history
  • Specialised in crypto, employment, and capital gains
  • Native or fluent in your language
  • Active matchmaking based on availability

Key deadlines

When the Canada tax year runs and when filings are due.

Tax year
1 January – 31 December
The reporting period for income and gains.
Filing deadline
30 April
When your return is due to CRA.
Filing method
T1 General with Schedule 3
How returns are submitted.

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