By Liz O'Dowd on August 30, 2012 
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Corporations with annual gross revenue of more than $1 million will be required to Internet file their corporation income tax returns for tax years ending after 2009. Corporations that are exempt from mandatory Internet filing are: insurance corporations non-resident corporations… {Read more}
By Liz O'Dowd on August 30, 2012 Leave a comment
[ws_table id=”8″] The rate for the tax credit first $200 of donations is the lowest personal tax rate, except for Quebec. The rate for the tax credit for donations in excess of $200 is the highest personal tax rate, except… {Read more}
By Liz O'Dowd on August 13, 2012 Leave a comment
The CRA’s online services make it faster and easier to handle your company’s tax matters. You, your employee, or your representative can file, pay, and access detailed information about your tax accounts–all online, all at your fingertips. To view all… {Read more}
By Liz O'Dowd on August 13, 2012 Leave a comment
The Pooled Registered Pension Plans Act (“the Act”), implements the federal portion of the framework for the establishment and administration of PRPPs. PRPPs will be professionally administered defined contribution pension plans targeted to employees and self-employed persons who do not… {Read more}
By Liz O'Dowd on August 13, 2012 Leave a comment
The Canada Revenue Agency (CRA) warns all Canadians to beware of telephone calls, mail, or email that claim to be from the CRA but are not. These are phishing scams that could result in identity thefts. Email scams may also… {Read more}
By Liz O'Dowd on August 9, 2012 Leave a comment
Charities play a very important role in Canadian society. As a donor, it is important to be informed and make wise decisions about your donations. Unfortunately, there are people who pretend to raise money for charity but keep the donations… {Read more}
By Liz O'Dowd on March 20, 2012 Leave a comment
The Home Buyer’s Plan (HBP) allows you to borrow funds from your RRSP to buy or build a qualifying home, under the following conditions: you or your spouse or common-law partner have not owned a home which you occupied as… {Read more}
By Liz O'Dowd on March 20, 2012 Leave a comment
The Family Caregiver Tax Credit will provide new tax support for caregivers of infirm dependent family members. This 15-per-cent non-refundable tax credit on an amount of $2,000 will provide tax relief for caregivers of all types of infirm dependent relatives,… {Read more}
By Liz O'Dowd on March 20, 2012 Leave a comment
The Group of Twenty (G-20) colleagues in Mexico City this weekend to take stock of progress being made on their shared commitment to strong, sustainable and balanced global growth. This will be the first meeting of Finance Ministers and Central… {Read more}
By Liz O'Dowd on March 20, 2012 Leave a comment
Ottawa, Ontario, March 14, 2012… 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 owes to individuals and corporations. These rates… {Read more}