However, there’s a crucial caveat. This flexibility to change regimes is only available if the ITR is filed on or before the ...

The income tax return form, by default, applies to the new regime. It inquires from the taxpayers whether they wish to come out under Section 115 BAC. Selecting 'Yes' transfers them to the old tax ...

Many individuals are confused about whether income tax rules allow a taxpayer to choose any tax regime during the income tax ...

As the new assessment year 2025-26 gets underway, people across the country especially salaried taxpayers are preparing to ...

Know when ITR filing for AY 2025–26 will begin, key dates like Form 16 issuance, refund timelines, and how to ensure faster ...

Documents like T4 slips are still not available digitally on the Canada Revenue Agency's (CRA) online platforms in some cases, slowing down the filing process for Canadians and tax professionals ...

access necessary tax information digitally. The issue this year stems from a new validation process the CRA introduced for these slips in January 2025. The process is supposed to ensure that the data ...

This is how tax products like TurboTax, or tax preparers like accountants, access necessary tax information digitally. The issue this year stems from a new validation process the CRA introduced ...