A Q&A guide to private client law in Canada.
The Q&A gives a high level overview of tax; tax residence;
inheritance tax; buying property; wills and estate management;
succession regimes; intestacy; trusts; co-ownership; familial
relationships; minority and capacity, and proposals for reform.
TAXATION
Tax year and payment dates
1. When does the official tax year start and finish in
your jurisdiction and what are the tax payment
dates/deadlines?
Canada's constitutional system is a federal one. Income tax
is imposed by the federal government as well as by the provincial
and territorial governments. Unless specifically stated otherwise,
the answers in this chapter relate to federal laws and when
applicable, the laws of the Province of Ontario.
