Some income may be tax free
Sometimes in Canada, you may come across types of income that you don’t have to report. Things like GST credits,... View Article
READ MOREScam Alert
This is another reminder to be aware of creative fraudsters. Recently a client came to us with an email they... View Article
READ MORECanada Not-for-Profit Corporations Act
If you are a federally incorporated non-profit organization, incorporated under the Canada Corporations Act, there is new legislation that will... View Article
READ MOREA "Super" Credit for first-time donors
The 2013 budget proposed a re-vamp for the charitable donations tax credit. We already get 15% for the first $200... View Article
READ MORERequest from CRA legitimate?
Ever wonder if information requests from Canada Revenue Agency (CRA) are legitimate? There are many fraudsters out there who are... View Article
READ MORECRA letter campaign
The following email was received from CRA / Efile-TED “The Canada Revenue Agency will be conducting its letter campaign for... View Article
READ MORENew rules for federal not-for-profit organizations
Are you a federally incorporated not-for-profit organziation? On October 17, 2011 the new Canada Not-for-profit Corporations Act came into force.... View Article
READ MOREJune 6, 2011 Federal Budget News
The June 6, 2011 federal budget has been released with no major changes from the March 22, 2011 budget. View... View Article
READ MORERepeated failure to report income penalty is a hefty one.
Think it doesn’t matter if you report that $30 of income? Think again. Repeated failure to report income penalty is... View Article
READ MORETaxability of a Stipend
CRA was questioned whether a stipend paid to individuals as a ‘training allowance’ while participating in a government sponsored program... View Article
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