As previously announced on October 30, 2007 a reduction has been proposed to change the rate from 6% to 5%.
GST Rate Reduction
By admin on November 16, 2007 
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CRA Warns – Beware of email scams
By admin on November 16, 2007
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The Canada Revenue Agency is warning the public to beware of email scams that are falsely identified as coming from the CRA. If you receive any of these unsolicited emails, the CRA is advising you to delete them immediately. Do… {Read more}
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Fairness Applications
By admin on November 10, 2007
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The income tax act allows an individual to request an adjustment to a tax return back 10 years, even though the date to file a Notice of Objection has expired. The CRA usually allows this application for situations such as… {Read more}
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Getting the Best Deal in a Credit Card Processor
By admin on November 10, 2007
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When shopping for a credit card processor, there are a number of things to look for.
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Claiming Automobile Expenses
By admin on November 10, 2007
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One of the more common expenses claimed by taxpayers are automobile expenses (applies to any motor vehicle such as a van, bus, pickup truck, station wagon or other truck). Many individuals use their automobile for work or business and incur… {Read more}
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Home Office Expenses
By admin on November 10, 2007
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In a recent Tax Court of Canada case, the taxpayers operated a partnership in their home and deducted costs for painting the exterior of the house, brickwork repair, lawn care and snow removal. CRA disallowed these expenses and called them… {Read more}
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CRA Voluntary Disclosure
By admin on November 8, 2007
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If you owe money to any of the tax authorities because you failed to file a return for one or more years, you can make a voluntary disclosure. You will pay only the tax due plus interest. No penalties will… {Read more}
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Contract Doesn’t Determine Worker Status
By admin on November 8, 2007
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Chances are, your business has independent contractors as well as employees. If so, it’s important to be aware that the Canada Revenue Agency (CRA) will determine whether a worker is an employee or independent contractor based on the facts and… {Read more}
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Canada Pension Plan Basics
By admin on November 8, 2007
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The Canada Pension Plan (CPP) is a contributory, earnings-related social insurance program. It ensures a measure of protection to a contributor and his or her family caused by the loss of income due to retirement, disability and death. There are… {Read more}
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Do You Have to File a Tax Return?
By admin on November 8, 2007
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A tax return must be filed if you have to pay income taxes. A tax return must also be filed if you have not repaid all amounts withdrawn from your RRSP under the Home Buyers’ Plan or the Lifelong Learning… {Read more}