The Canada Revenue Agency (CRA) announced today the prescribed annual interest rates that will apply to any amounts owed to the CRA and to any amounts owed by the CRA to individuals and corporations. These rates will be in effect from October 1, 2018 to December 31, 2018.
For 2019 and subsequent tax years, non-accountable allowances paid to elected members of legislative assemblies, certain municipal officers and certain other individuals will be fully included in income.
It's that time of the year again: summer is over and your kids have gone back to school or daycare—expenses are adding up! Luckily, there are a few things you can do now to potentially get money back when you file your tax return.
How will I know my benefits are being reviewed? You’ll get a letter and questionnaire from us. This letter will ask you to provide information so we can check to make sure the benefits or credits you’re receiving are correct.
June is a busy time in the tax year for Canadian businesses. A high volume of Canadian corporations are expected to file T2 corporate returns this month. The CRA is working to reduce the time and effort it takes for businesses to manage their tax affairs by constantly improving services for them.
You'll get a letter or a telephone call or from us. We'll ask for information, receipts, or documents to support a claim or deduction you made on your income tax return.
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.
The Canada Revenue Agency (CRA) announced today the prescribed annual interest rates that will apply to any amounts owed to the CRA and to any amounts owed by the CRA to individuals and corporations.
Emergency Preparedness Week [May 6-12, 2018] is the ideal time to take a proactive stance.
After you file your 2017 return, there are a few more things you can do.
The Voluntary Disclosures Program (VDP) gives you a second chance to change a tax return you previously filed or to file a return that you should have filed.
There are many ways you can make a payment to the Canada Revenue Agency (CRA)