If you are new to Canada, navigating the tax system can seem overwhelming—but it doesn’t have to be. Regardless of whether you are working part-time, full-time, or are self-employed, you are required to file a tax return each year with the Canada Revenue Agency (CRA). Filing your tax return helps determine if you owe taxes or if you qualify for refunds or benefits.
Your income from all sources—inside and outside of Canada—must be reported. Yes, that includes freelance work or money made abroad. But don’t worry, filing is easier than you think. You can file online using certified software or with help from tax clinics available in many communities.
Why does this matter for your money transfers? Keeping your finances organized ensures smoother international remittance, avoids compliance issues, and helps you manage foreign income properly. With Switch Hub, you can send and receive money online with confidence, knowing your transactions are secure, fast, and compliant.
We offer instant money transfers, real-time exchange rates, and encrypted transactions, all with no hidden fees. When sending money to Nigeria, Switch Hub simplifies cross-border payments, making them easy and stress-free.
Stay financially smart, understand your taxes and use Switch Hub to move your money the right way.
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