By Peter Kupovics on October 25, 2013 
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In a recent Technical Interpretation, CRA noted that an employer-provided meal allowance will not be taxable where the following conditions are met: It must be a reasonable amount; The allowance is received to cover expenses while travelling away from the… {Read more}
By Peter Kupovics on October 25, 2013 Leave a comment
Balancing the books isn’t always easy. Business owners understand the importance of keeping records up-to-date. Unfortunately, paperwork has a habit of piling up – quickly PADGETT BUSINESS SERVICES now offers a solution PADGETT CONNECT PADGETT CONNECT is an easy-to-use business… {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 October 25, 2013 Leave a comment
Press Release from Canada Revenue Agenc – Ottawa, Ontario, October 1, 2013 The Honourable Kerry-Lynne D. Findlay, P.C., Q.C., M.P., Minister of National Revenue, and Royal Galipeau, Member of Parliament for Ottawa-Orleans, participated in an event to celebrate National Seniors… {Read more}
By Peter Kupovics on October 25, 2013 Leave a comment
Do you need to do business with the Canada Revenue Agency (CRA), why not do it when it’s convenient for you? Need to file your return? Make a payment? Change your address? You can do all this and more from… {Read more}
By Liz O'Dowd on February 5, 2013 Leave a comment
Did you know? If you were an employed trades person in 2012 (including an eligible apprentice mechanic), you may be able to deduct up to $500 of the cost of eligible tools bought to earn your employment income. Important facts… {Read more}
By Liz O'Dowd on January 30, 2013 Leave a comment
The ceiling on the capital cost of passenger vehicles for capital cost allowance (CCA) purposes remains at $30,000 (plus applicable federal and provincial sales taxes) for purchases after 2002. This ceiling restricts the cost of a vehicle on which CCA… {Read more}
By Liz O'Dowd on December 21, 2012 Leave a comment
The Canada Revenue Agency (CRA) is aware that electronic sales suppression software (often referred to as “Zapper” software) is currently being marketed and sold to some Canadian businesses. Electronic sales suppression software is designed to work with point-of-sale systems and… {Read more}
By Liz O'Dowd on December 21, 2012 Leave a comment
The Canada Revenue Agency announced the prescribed annual interest rates that will apply to any amounts owed to the CRA and to any amounts the CRA owes to individuals and corporations. These rates are calculated quarterly in accordance with applicable… {Read more}
By Liz O'Dowd on December 21, 2012 Leave a comment
Did you know? If you earn income that has no tax withheld or does not have enough tax withheld for more than one year, you may have to pay tax by installments. This can happen if you earn rental, investment,… {Read more}