Tips & Information

When You Owe the CRA Money

2018-07-25T15:11:56+00:00

Debts the Canada Revenue Agency collects The Canada Revenue Agency (CRA) collects amounts owing such as: individual income tax payroll deductions GST/HST remittances corporation income tax customs, excise, and other levies benefit overpayments including: Canada child benefit GST/HST credit The CRA also collects the following amounts owed for other government

When You Owe the CRA Money2018-07-25T15:11:56+00:00

Tips to Avoid CRA Adjustments

2018-07-18T15:28:21+00:00

Here are some tips from the Canada Revenue Agency’s review programs. Following these tips should help reduce the number of adjustments the CRA needs to make to returns each year. No reply received If you do not provide the information requested within the timeframe indicated on the letter, the CRA

Tips to Avoid CRA Adjustments2018-07-18T15:28:21+00:00

The Different Ways to Make a Payment to the CRA

2018-07-11T14:11:02+00:00

Making a payment to the Canada Revenue Agency is now easier and more convenient than ever.  The CRA has recently expanded the payment methods they accept. Pay by online banking Pay your individual taxes to the Canada Revenue Agency (CRA) through your financial institution’s online banking, the same way you

The Different Ways to Make a Payment to the CRA2018-07-11T14:11:02+00:00

Why Have Your Benefit and Credit Payments Changed?

2018-07-04T15:10:30+00:00

Each summer, following the tax filing season, the Canada Revenue Agency (CRA) uses information from an individual’s income tax and benefit return, along with the return of their spouse or common-law partner, to calculate benefit and credit payments for the upcoming year. Starting in July, eligible benefit and credit recipients

Why Have Your Benefit and Credit Payments Changed?2018-07-04T15:10:30+00:00

Income Tax Being Reviewed? Do Not Worry.

2018-06-28T12:04:45+00:00

An income tax review is easier than you think!  Since Canada's tax system is based on self-assessment, these reviews help confirm that income amounts, deductions, and credits are reported correctly, and can be properly supported. It is OK. If you receive a letter from the Canada Revenue Agency (CRA) telling you that your income tax return

Income Tax Being Reviewed? Do Not Worry.2018-06-28T12:04:45+00:00

The FAQs: Ins and Outs of the New EI Family Caregiver Benefit

2018-06-20T15:05:36+00:00

The new Family Caregiver benefit for adults is available to help families care for a critically ill adult. This benefit allows eligible caregivers to take up to 15 weeks off work to care for or support an adult family member who is critically ill or injured. Eligible caregivers are family members or individuals that the

The FAQs: Ins and Outs of the New EI Family Caregiver Benefit2018-06-20T15:05:36+00:00

Medical Expense Tax Credit – Service Animals

2018-06-13T15:20:58+00:00

The Medical Expense Tax Credit – Service Animals (METC) provides tax relief in respect of certain expenses related to an animal specially trained to assist a patient in coping with the following impairments: blindness, profound deafness, severe autism, severe diabetes, severe epilepsy or a severe and prolonged impairment that markedly restricts the use

Medical Expense Tax Credit – Service Animals2018-06-13T15:20:58+00:00

Apprenticeship Job Creation Tax Credit Qualifications

2018-06-07T13:05:41+00:00

The Apprenticeship Job Creation Tax Credit (AJCTC) is a non-refundable tax credit equal to 10{cae2521f64dcff784c511b644c6cc8c98f9594c79acdd41ba953a724385391e5} of the eligible salaries and wages payable to eligible apprentices in respect of employment after May 1, 2006. The maximum credit an employer can claim is $2,000 per year for each eligible apprentice. If your business hires an eligible apprentice, you qualify to claim the credit. Determining if the apprentice is

Apprenticeship Job Creation Tax Credit Qualifications2018-06-07T13:05:41+00:00

Canada Pension Plan Enhancement: What You Need to Know

2018-05-30T15:27:57+00:00

Starting January 1, 2019 the first phase of Canada’s enhanced CPP will be implemented.  This will increase the amount working Canadians will receive from the CPP in their retirement years, from one-quarter to one-third of their eligible earnings.  The federal working income tax benefit (WITB) will also be increased to offset the increase in CPP

Canada Pension Plan Enhancement: What You Need to Know2018-05-30T15:27:57+00:00

Property Flipping? Know Your Tax Obligations!

2018-05-16T14:53:14+00:00

What is property flipping? Property flipping is when individuals, including real estate agents, buy and resell homes in a short period of time for a profit. This also includes buying and selling a property before its official sale or construction—a process called an “assignment sale” but sometimes also referred to as

Property Flipping? Know Your Tax Obligations!2018-05-16T14:53:14+00:00