Government News Releases

Tax scams and fraud – Protect Yourself!

2016-03-23T09:43:05+00:00

Taxpayers should be vigilant when they are contacted by an organization, either by telephone, mail, text message or email, that claims to be from the Canada Revenue Agency (CRA) requesting personal information such as a social insurance number, credit card number, bank account number, or passport number. These are scams and taxpayers should never respond

Tax scams and fraud – Protect Yourself!2016-03-23T09:43:05+00:00

Own Foreign Property That Needs to be Reported to CRA?

2015-12-10T15:49:29+00:00

Taxpayers who own specified foreign property costing more than $ 100,000 but less than $ 250,000 throughout the year can now file Form T1135, Foreign Income Verification Statement using a new simplified reporting method. All Canadian resident taxpayers are required to file Form T1135, Foreign Income Verification Statement if, at any time in the year,

Own Foreign Property That Needs to be Reported to CRA?2015-12-10T15:49:29+00:00

News for B.C. Film and Digital Media Industry

2015-02-18T10:03:31+00:00

VICTORIA - British Columbia is expanding the Digital Animation or Visual Effects tax credit to post-production activities, and extending the Interactive Digital Media tax credit to 2018, Minister of Finance Michael de Jong announced today with the introduction of Balanced Budget 2015. The Digital Animation or Visual Effects (DAVE) tax credit will apply to labour

News for B.C. Film and Digital Media Industry2015-02-18T10:03:31+00:00

Are you new to Canada?

2014-03-06T09:17:30+00:00

If you are a newcomer to Canada for all or part of a tax year, you may need to file an income tax and benefit return if you have to pay tax, want to claim a refund, or receive benefits.You become a resident of Canada for income tax purposes when you establish significant residential ties

Are you new to Canada?2014-03-06T09:17:30+00:00

Workers Aged 60 and Over, CPP Contribution Rules

2013-12-17T09:48:54+00:00

Did you know? Are you 60 to 70 years of age and did you return to work in 2013 after being away from the workforce? You may not know about changes to Canada Pension Plan (CPP) contributions that came into effect in January 2012. The changes affect employees and self-employed workers aged 60 to 70

Workers Aged 60 and Over, CPP Contribution Rules2013-12-17T09:48:54+00:00

Interest Rates for the First Calendar Quarter

2013-12-13T09:57:28+00:00

Ottawa, Ontario, December 13, 2013... The Canada Revenue Agency (CRA) today announced the prescribed annual interest rates that will apply to any amounts owed to the CRA and to any amounts the CRA owes to individuals and corporations. These rates are calculated quarterly according to the laws that apply and will be in effect from

Interest Rates for the First Calendar Quarter2013-12-13T09:57:28+00:00

CRA Reminds Canadians: Beware of Phishing Schemes

2013-12-10T14:28:56+00:00

Ottawa, Ontario, December 10 2013... The Canada Revenue Agency (CRA) warns all Canadians to beware of telephone calls, mail, or email that claim to be from the CRA but are not. These are phishing scams that could result in identity thefts. Email scams may also contain embedded malware, or malicious software, that can harm your

CRA Reminds Canadians: Beware of Phishing Schemes2013-12-10T14:28:56+00:00

Taxpayer Relief Deadline Information

2013-11-29T13:32:35+00:00

Ottawa, Ontario, November 29, 2013...The Canada Revenue Agency (CRA) reminds taxpayers and registrants (for both GST/HST and non-GST/HST purposes) that they have until December 31, 2013, to make a taxpayer relief request related to 2003. The deadline applies to taxpayer relief requests for: the 2003 tax year; any reporting period that ended during the 2003

Taxpayer Relief Deadline Information2013-11-29T13:32:35+00:00

2014 Personal Income Tax, and Tax-Free Savings Accounts (TFSAs) Information

2013-11-13T09:26:51+00:00

Each year, certain personal income tax and benefit amounts are indexed to inflation using the Consumer Price Index data as reported by Statistics Canada. Increases to tax bracket thresholds, amounts relating to non refundable credits, and most other amounts will take effect on January 1, 2014. However, increases to the Canada child tax benefit (including

2014 Personal Income Tax, and Tax-Free Savings Accounts (TFSAs) Information2013-11-13T09:26:51+00:00

Canada Revenue Agency Announces Maximum Pensionable Earnings for 2014

2013-11-01T09:28:00+00:00

Ottawa, Ontario, November 1, 2013... The Canada Revenue Agency announced today that the maximum pensionable earnings under the Canada Pension Plan (CPP) for 2014 will be $ 52,500—up from $ 51,100 in 2013. The new ceiling was calculated according to a CPP legislated formula that takes into account the growth in average weekly wages and

Canada Revenue Agency Announces Maximum Pensionable Earnings for 20142013-11-01T09:28:00+00:00