By Liz O'Dowd on December 8, 2015 
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Life in the Tax Lane – December 2015 Video Video Tax News’ “Life in the Tax Lane” video for December includes discussion of possible changes coming for Professional Corporations, audits of owner managed companies, related to the Small Business Deduction,… {Read more}
By Liz O'Dowd on December 8, 2015 Leave a comment
2015 Working Income Tax Benefit (WITB) The working income tax benefit (WITB) is a federal refundable tax credit which has been available since 2007, for low-income individuals or families with working income over $3,000 (base amount for most provinces and… {Read more}
By Liz O'Dowd on December 8, 2015 Leave a comment
Taxpayer relief deadline for 2005 related requests The Canada Revenue Agency (CRA) reminds taxpayers and registrants (for both GST/HST and non-GST/HST purposes) that the taxpayer relief deadline is December 31, 2015 and they have until then to make a taxpayer… {Read more}
By Liz O'Dowd on December 8, 2015 Leave a comment
Tax Tips that won’t help your business. When it comes to taxes, there’s no shortage of “expert” advice. Since we all must deal with taxes at least once a year, many people believe they understand everything they need to know about… {Read more}
By Liz O'Dowd on December 8, 2015 Leave a comment
Did you know? This is Financial Literacy Month in Canada. Financial literacy is defined as having the knowledge, skills and confidence to make responsible financial decisions at any stage of your life. The Canada Revenue Agency (CRA) is proud to… {Read more}
By Liz O'Dowd on December 8, 2015 Leave a comment
Wills and the Executor A will specifies your instructions as to how your assets will be distributed on your death. In the will, you name an executor to act as your personal representative and to deal with all the tax,… {Read more}
By Liz O'Dowd on November 27, 2015 Leave a comment
Who is teaching students about taxes! ? The Canada Revenue Agency (CRA) has two free educator-led products for teachers to teach students about the importance of taxes and the impact taxes have on the economic and social well-being of Canadians…. {Read more}
By Liz O'Dowd on November 27, 2015 Leave a comment
Can you lend a hand with tax preparation? Since 1971, through the Community Volunteer Income Tax Program (CVITP), the Canada Revenue Agency (CRA) has supported community organizations that provide volunteer assistance to eligible individuals who need help to prepare their… {Read more}
By Liz O'Dowd on November 27, 2015 Leave a comment
SALT can help you figure out if you can claim R&D tax incentives The Canada Revenue Agency’s (CRA) SALT – Self-Assessment and Learning Tool is designed to help you understand the eligibility requirements of the Scientific Research and Experimental Development (SR&ED)… {Read more}
By Liz O'Dowd on November 27, 2015 Leave a comment
Changing your GST/HST return is easy to do Unique access code for GST/HST As part of its ongoing efforts to reduce red tape for businesses and simplify its electronic services, starting October 19, 2015, the Canada Revenue Agency (CRA) will provide all GST/HST… {Read more}