You can receive your refund via cheque from the CRA or direct deposit. We recommend direct deposit because it is faster, safer, and avoids postal delays.
A non-refundable tax credit reduces the amount of tax you owe. If the credit exceeds your taxes owed, it cannot generate a refund but can be carried forward to the next year.
You can apply starting February 22nd until April 30th. Filing early is recommended to avoid interest on any balance owing. If you cannot pay the full amount by April 30th, you can set up a payment plan with the CRA.
Self-employed individuals can file from February 22nd to June 15th. Early filing is advised to prevent interest on any balance owing, with the same payment plan option available.
You only need a GST/HST number if your business income exceeds $30,000 over four consecutive calendar quarters.
In most provinces, tax returns are treated independently. Quebec residents may transfer a portion of their refund to their spouse, but the transferred amount cannot exceed the spouse’s balance owing.
A TFSA allows individuals to save money tax-free. Contributions and earnings are generally tax-free even when withdrawn. Be aware of your annual contribution limit to avoid penalties.
An RRSP helps you save for retirement and defer taxes until withdrawal, when you may be in a lower tax bracket. Ensure you stay within your annual contribution limit to avoid penalties.
Since 2019, tuition refunds are no longer issued. Tuition now provides a non-refundable credit that can reduce your federal or provincial tax owing but cannot generate a refund.
Yes. All income must be reported on your tax return, and you are responsible for paying any taxes owed.
We follow all Canada Revenue Agency privacy and security regulations. Your information is stored securely, and access is restricted to authorized representatives. All transactions comply with CRA policies to ensure confidentiality and data protection.
How does AQG handle my personal information?
We strictly follow Canada Revenue Agency (CRA) privacy rules and the Income Tax Act. Your personal and financial information is kept secure, confidential, and only accessed by authorized AQG staff.
What responsibilities do I have when using AQG services?
Keep your account login details (username, password, security info) confidential.
Notify AQG immediately if you suspect unauthorized access.
Only use your own devices and phone numbers for multi-factor authentication.
Can I share my CRA access with others?
No. You cannot share your access with anyone or use scripts, bots, or automated tools to access CRA services. Misuse can result in suspension of your account.
How does AQG ensure secure transactions?
All submissions and communications with CRA through AQG portals are encrypted and monitored. CRA retains audit trails of access to taxpayer information, ensuring transparency and accountability.
What if I’m a representative or business registering for CRA services?
Ensure all employee, group, and business information is accurate and updated.
Cancel your registration if you cease to act as a representative.
AQG and CRA reserve the right to revoke access for violations, security concerns, or administrative reasons.
Are my transactions legally binding?
Yes. Online submissions through AQG portals have the same legal effect as signed paper instructions.
Conduct expectations:
Treat CRA staff respectfully.
Do not impersonate others or attempt fraud.
Only use the services for lawful purposes.
In summary:
AQG is committed to protecting your data and ensuring compliance with CRA rules. By using our services, you agree to follow security practices, keep your credentials confidential, and allow AQG to act on your behalf responsibly.
