By Liz O'Dowd on May 16, 2017 
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Online mail with the CRA the fastest way to get your tax correspondence Now, when you file a return using GST/HST NETFILE or certified T2 EFILE software, you can sign up for online access to your mail. It’s the fast, easy,… {Read more}
By Liz O'Dowd on October 20, 2016 Leave a comment
How are you processing your online tax payments? Did you know you can use online tax payments to pay your business taxes? It’s faster, easier, and cheaper than mailing a cheque to the Canada Revenue Agency (CRA), especially if you’re… {Read more}
By Liz O'Dowd on October 18, 2016 Leave a comment
If your small business tax bill is too high, try the following tips to bring it down in subsequent years. We all want to pay as little income tax as possible without breaking the law. 1. Keep impeccable records. Most… {Read more}
By Liz O'Dowd on October 12, 2016 Leave a comment
What are your federal tax obligations when buying and selling property in Canada? The Canadian real estate market is active, particularly in some major Canadian cities like Vancouver and Toronto. Questions have been raised about what federal tax obligations the… {Read more}
By Liz O'Dowd on October 5, 2016 Leave a comment
If you have a website or a blog and you charge for online advertising, links, or reviews, you must report the income on your Canadian income tax returns. Send invoices to your clients and customers. If your invoices exceed $30,000… {Read more}
By Liz O'Dowd on October 5, 2016 Leave a comment
Did you know? When applying for a student loan, grant or subsidy, you may be asked to provide a proof of income statement (option ‘C’ print) to your financial institution or to a municipal, provincial, territorial or federal government department…. {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 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}