By Peter Kupovics on April 9, 2014 
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Posted on the CRA Represent a Client Access today: Important notice To protect the security of taxpayer information, we have temporarily shutdown public access to our electronic services. We are working to restore these services as soon as possible in… {Read more}
By Peter Kupovics on April 4, 2014 Leave a comment
Know your Canadian tax obligations Did you know? If you spend part of the year in the United States (U.S.), for example, for health reasons or on vacation, and you maintain residential ties in Canada (that is, a home, a… {Read more}
By Peter Kupovics on April 3, 2014 Leave a comment
You can get a refund if you: paid too much tax throughout the year; paid more instalments than necessary; or claimed more refundable credits than the total taxes you owed. Important facts There are two ways to check the status… {Read more}
By Peter Kupovics on April 2, 2014 Leave a comment
Daily passes or tickets are not eligible. Passes of less than a month in duration are only eligible if they entitled you to unlimited travel for an uninterrupted period of at least 5 days and you purchased enough of these… {Read more}
By Peter Kupovics on April 2, 2014 Leave a comment
A RESP is a savings plan for post-secondary education which allows funds to accumulate on a tax-deferred basis up to certain limits. There is no annual limit for contributions. For each beneficiary the lifetime limit on contributions is $50,000. Although… {Read more}
By Peter Kupovics on April 2, 2014 Leave a comment
Press release published March 24, 2014 – Ottawa – Canada Revenue Agency March is Fraud Prevention Month across Canada, and the Honourable Kerry-Lynne D. Findlay, Minister of National Revenue, marked the occasion by reminding Canadians to protect themselves against fraud…. {Read more}
By Peter Kupovics on April 2, 2014 Leave a comment
Only interest paid on a loan made to you under the Canada Student Loans Act, the Canada Student Financial Assistance Act, or a similar provincial or territorial government laws for post-secondary education qualifies. You cannot claim interest paid on any… {Read more}
By Peter Kupovics on April 2, 2014 Leave a comment
As of January 1, 2014 the EHT exemption increased to $450,000 from $400,000 of Ontario payroll, saving eligible employers up to $975 every year. This means that over 60,000 private sector employers in Ontario pay less EHT, including more than 12,000 employers that no longer pay the… {Read more}
By Peter Kupovics on March 28, 2014 Leave a comment
One of the more common expenses claimed by taxpayers are automobile expenses (applies to any motor vehicle such as van, bus, pickup truck, station wagon, SUV or other truck). Many individuals use their automobile for work or business and incur… {Read more}
By Peter Kupovics on March 27, 2014 Leave a comment
The Canada Revenue Agency (CRA) offers online payment methods that make paying taxes as easy as paying your hydro or phone bill. Payment methods There are several ways to make a payment to the CRA. Online banking: Use your financial… {Read more}