By Liz O'Dowd on November 12, 2014 
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Canada Revenue Agency announces maximum pensionable earnings for 2015 November 3, 2014 – Ottawa, Ontario – Canada Revenue Agency The Canada Revenue Agency announced today that the maximum pensionable earnings under the Canada Pension Plan (CPP) for 2015 will be… {Read more}
By Peter Kupovics on October 28, 2014 Leave a comment
Don’t buy into illegal tax protester schemes The Canada Revenue Agency (CRA) is always on the lookout for illegal tax schemes and those who promote them. The CRA works closely with the Royal Canadian Mounted Police, provincial and local police,… {Read more}
By Peter Kupovics on March 18, 2014 Leave a comment
Did you know? If you are a newcomer to Canada for all or part of a tax year, you may need to file an income tax and benefit return if you have to pay tax, want to claim a refund,… {Read more}
By Peter Kupovics on March 11, 2014 Leave a comment
Did you know? You can file your income tax and benefit return now and pay tax owing later. Through the secure Canada Revenue Agency’s (CRA) My Account service, you can set up a pre-authorized debit (PAD) so your payment arrives… {Read more}
By Peter Kupovics on March 11, 2014 Leave a comment
Ottawa, Ontario, March 7, 2014… The Canada Revenue Agency (CRA) warns all taxpayers to beware of telephone calls or emails that claim to be from the CRA but are not. These are phishing and other fraudulent scams that could result… {Read more}
By Peter Kupovics on November 8, 2013 Leave a comment
CRA recently noted that where a proprietor purchased a Disability Income Policy, the premium is a non-deductible personal expense. But the receipt of the disability benefits is tax-free. If a corporation acquires a Policy for the employees, the premiums are… {Read more}
By Peter Kupovics on November 4, 2013 Leave a comment
In a 2013 Technical Interpretation, CRA was questioned about door prizes received by all attendees at a company social function. CRA commented that their tax-free $500 gifts and awards policy would apply to all attendees including the employee, the employee’s… {Read more}
By Peter Kupovics on October 25, 2013 Leave a comment
Press release from Canada Revenue Agency – Ottawa, Ontario, September 23, 2013 The Canada Revenue Agency (CRA) today announced the prescribed annual interest rates that will apply to any amounts owed to the CRA and to any amounts the CRA… {Read more}
By Peter Kupovics on August 1, 2013 Leave a comment
Non-Refundable Tax Credits The most common post-secondary non-refundable tax credits that apply to students are interest paid on student loans, the tuition, education and textbook amounts, the public transit amount, and the… {Read more}
By Peter Kupovics on August 1, 2013 Leave a comment
Non-Refundable Tax Credits The most common post-secondary non-refundable tax credits that apply to students are interest paid on student loans, the tuition, education and textbook amounts, the public transit amount, and the Canada employment amount. Interest on Student Loans To… {Read more}