Student Tax Reporting
With the start of the university year approaching, many parents with children entering post secondary institutions for the first time... View Article
READ MORETag Archive: CRA
Paying Business Debts to the CRA
Sometimes business owners have to decide which debt to pay off first. Business owners are often left in a position... View Article
READ MOREForeign Income Easier to Monitor
In February of this year, an agreement was signed between the Canadian and American government which makes it easier for... View Article
READ MOREPartial Exemption for Farms
If you or your family members are planning on selling the family farm in the near future, there may be some... View Article
READ MOREDid You Know… About Refund Dates?
If you have a tax refund owing to you, there are certain timelines used to calculate the refund interest you may receive.... View Article
READ MORERates Increased
Effective October 1, 2013, the Canada Revenue Agency (CRA) increased the interest rate they charge on late payments. Since April 1, 2009, the... View Article
READ MORET1135 – Foreign Income Verification Statement Changes
Who is required to file? Individuals, Corporations, Trusts and Partnerships must file a T1135 if they have had total Specified... View Article
READ MOREFarm Losses Restricted
For many Canadian producers, periodic farming losses have become the norm, although not all of those losses have translated into tax deductions. This year,... View Article
READ MOREThe CRA letters about your rental, business, professional or employment activities
The Canada Revenue Agency (CRA) will soon be conducting its fifth annual letter campaign. In January 2014, the Small and... View Article
READ MOREInterest Rates, Dates Determined by the CRA
Every three months, the Canada Revenue Agency (CRA) reviews the interest rate which is charged on amounts due, as well as on... View Article
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