DID YOU KNOW? The interest rate that the CRA charges on amounts owing has remained at 6%. There was some concern one year... View Article READ MORE
CRA INTEREST RATES RISING The interest rate charged by the Canada Revenue Agency (CRA) on late payments was raised in 2018 for the first time... View Article READ MORE
DID YOU KNOW… A recent report by the Auditor General found that there are several issues with Canada Revenue Agency call centres. There... View Article READ MORE
CORPORATE TAX RATE DROPPING IN 2019 Corporate tax rates will continue to decrease in 2019 for small businesses. The small business tax rate applies on the... View Article READ MORE
ELIGIBLE CHARITABLE EXPENSES EXPANDED The recent federal budget changed regulations related to the taxability of capital gains on property that is donated to eligible... View Article READ MORE
TAX DECREASE FOR SMALL BUSINESSES A welcome measure in the recent federal budget was the drop in corporate income taxes for small Canadian companies. The... View Article READ MORE
Instalments Required on Taxes If you owed over $3,000 when you filed your 2013 tax return, and you owed over $3,000 in either 2011... View Article READ MORE
Did You Know…Collecting GST You can start collecting the Goods and Services Tax Credit (GST) starting with the first quarterly payment that is issued... View Article READ MORE
Deadline Extended for 2013 The government introduced a new measure for the 2013 tax year, requesting that additional information be provided regarding additional information... View Article READ MORE
Did You Know… Old Age Security and Wages As a senior, you can receive up to $3,500 of wages without affecting the amount you receive from the supplement... View Article READ MORE
