Canada tax deadlines 2026.

Use this skill whenever asked about Canada Form T1135, Foreign Income Verification Statement, specified foreign property, foreign asset reporting, the $100,000 cost amount threshold, the $250,000 simplified-versus-detailed reporting boundary, or how to classify foreign accounts, foreign securities, foreign real estate, foreign trusts, and other foreign property for a Canadian resident taxpayer. Trigger on phrases like "T1135", "foreign income verification statement", "specified foreign property", "foreign assets over 100000", "do I need to file T1135", "foreign bank account reporting Canada", "US brokerage T1135", "foreign rental property T1135", "simplified T1135", "Part A Part B T1135", or any question about whether a Canadian resident individual, corporation, trust, or partnership must disclose foreign property. ALWAYS read this skill before touching any Canada T1135-related work.

Use this skill whenever asked about Canadian cryptocurrency taxation. Trigger on phrases like "crypto tax Canada", "CRA crypto", "Bitcoin capital gains Canada", "crypto business income CRA", "adjusted cost base crypto", "ACB crypto", "mining tax Canada", "staking tax Canada", "GST HST crypto", "crypto inclusion rate Canada", or any question about how cryptocurrency is taxed by the CRA. This skill covers capital gains vs business income treatment, the 50% inclusion rate, ACB tracking, mining/staking as business income, GST/HST on crypto payments, and record-keeping requirements. ALWAYS read this skill before touching any Canadian crypto tax work.

Use this skill whenever asked about a Canadian federal T1 General individual income tax return for a self-employed sole proprietor. Trigger on phrases like "T1 return", "personal tax Canada", "federal tax brackets", "basic personal amount", "CPP self-employed", "CPP2", "self-employment tax Canada", "net income", "taxable income", "federal tax calculation", "non-refundable credits", "instalment payments", or any question about computing federal tax for a self-employed individual in Canada. ALWAYS read this skill before touching any T1 return work.

Use this skill when advising on LEGAL tax minimization strategies for Canadian taxpayers — individuals, sole proprietors, and small business owners (CCPCs). Trigger on phrases like "reduce my tax Canada", "tax planning", "RRSP vs TFSA", "salary vs dividends", "income splitting", "TOSI", "small business deduction", "LCGE", "capital gains inclusion", "CRA", or any question about structuring affairs to legally minimize Canadian tax. Covers entity selection, registered account optimization, deduction strategies, loss utilization, timing, GST/HST planning, CPP optimization, and red lines. ALWAYS read this skill before giving Canadian tax optimization advice.

Use this skill whenever asked about forming, incorporating, or registering a company in Canada. Trigger on phrases like "set up a company in Canada", "Canadian incorporation", "Corporations Canada", "federal incorporation", "provincial incorporation", "CBCA", "Ontario corporation", "BC incorporation", "Inc. Canada", "Canadian company formation", "register a business Canada", or any question about starting a business entity in Canada. Covers federal vs provincial incorporation, entity types, registration process, costs, post-formation compliance, and bank account opening. ALWAYS read this skill before advising on Canadian company formation.

Use this skill whenever asked about Canada transfer pricing rules, documentation requirements, or CRA transfer pricing compliance. Trigger on phrases like "transfer pricing Canada", "Canadian TP documentation", "CRA transfer pricing", "master file Canada", "local file Canada", "CbCR Canada", "APA Canada", "Section 247", "Form T106", "contemporaneous documentation Canada", or any question about intercompany pricing for Canadian entities.

Use this skill whenever asked about Canada Pension Plan (CPP) or Employment Insurance (EI) contributions for self-employed individuals. Trigger on phrases like "CPP self-employed", "Schedule 8", "CPP2", "YAMPE", "EI opt-in self-employed", "how much CPP do I pay", "self-employed EI benefits", "CPP contribution calculation", or any question about CPP/EI obligations for a self-employed sole proprietor or single-member entity in Canada. This skill covers CPP1 rates, CPP2 second ceiling, Schedule 8 computation, EI voluntary opt-in, tax treatment (line 22200 deduction and non-refundable credit), age exemptions, overpayment recovery, and edge cases. ALWAYS read this skill before touching any CPP/EI-related work.

Use this skill whenever asked about Canadian self-employment business income reported on Form T2125 (Statement of Business or Professional Activities). Trigger on phrases like "T2125", "business income Canada", "self-employed expenses", "CCA", "capital cost allowance", "home office Canada", "motor vehicle expenses CRA", "business-use-of-home", "sole proprietor Canada", "net business income", "business number BN", "fiscal year end", "GST ITC", or any question about computing, classifying, or reporting business income and expenses for a Canadian sole proprietor. Covers Parts 1-8 of T2125, allowable expenses, CCA classes and rates, AccII, business-use-of-home, motor vehicle expenses, GST/HST interaction, and net income computation. ALWAYS read this skill before touching any T2125 work.