canada revenue agency

When You Owe the CRA Money


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


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

Why Have Your Benefit and Credit Payments Changed?


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.


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

Property Flipping? Know Your Tax Obligations!


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

When Can You Expect Your 2017 Refund?


It is the Canada Revenue’s goal to issue a notice of assessment, including any applicable refund, within: two weeks of receiving your electronically filed return; or eight weeks of receiving your paper filed return. These timelines are ONLY valid for returns received on or before their filing due dates. The CRA may take

When Can You Expect Your 2017 Refund?2018-05-02T15:19:26+00:00

Getting Ready for Your 2017 Income Tax Return


As we approach the tax time, here are some answers to questions you may have.  1. Do you need to do your taxes? Doing your taxes is part of your responsibilities as a taxpayer. Doing your taxes means you have to fill out various forms, including the ones in the income tax packages. They

Getting Ready for Your 2017 Income Tax Return2018-01-24T16:09:53+00:00

Claiming Adoption and Related Expenses


As a parent, you can claim an amount for eligible adoption expenses related to the adoption of a child who is under 18 years of age. The maximum claim for each child is $15,453. You can only claim these incurred expenses in the tax year including the end of the adoption period for the child. Eligible adoption expenses you

Claiming Adoption and Related Expenses2017-12-21T16:02:03+00:00

What Are The Best Ways To Resolve Your Tax Issues


Sometimes you might disagree with your tax assessment from the Canada Revenue Agency (CRA). It may be because you think it’s wrong, you noticed information is missing, or you were assessed by the CRA because you didn’t respond to a notice to complete a tax return. Often, the easiest way to resolve an issue

What Are The Best Ways To Resolve Your Tax Issues2017-12-14T15:42:48+00:00

What to Expect if the CRA Calls You


It is possible that the Canada Revenue Agency (CRA) will contact you by phone for legitimate tax reasons. During such phone calls, the CRA officer must validate your identity and therefore will ask for certain personal information, including your date of birth, your address, and in the case of a business some account

What to Expect if the CRA Calls You2017-05-24T14:30:40+00:00