By Peter Kupovics on October 25, 2013 
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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 May 10, 2013 Leave a comment
Jim Flaherty, Minister of Finance, on April 29, 2013 introduced the Economic Action Plan 2013 Act, No. 1. The Act proposes to legislate key elements of Economic Action Plan 2013, including tax relief for investments in new manufacturing machinery and… {Read more}
By Liz O'Dowd on May 10, 2013 Leave a comment
The Canada Revenue Agency (CRA) will revoke the registration of Trinity Global Support Foundation, a London-based charity. The notice of revocation will be published in the Canada Gazette with an effective date of May 4, 2013. On February 1, 2013,… {Read more}
By Liz O'Dowd on May 10, 2013 Leave a comment
You can choose a year-end after December 31, so that you can defer tax on your first fiscal year until the calendar year in which the first year-end occurs. However, you will still have to pay tax based on a… {Read more}
By Liz O'Dowd on May 10, 2013 Leave a comment
It’s easy to make a correction to your income tax and benefit return if you realize you made a mistake after filing. Changing your return You will need to wait to receive your notice of assessment from the Canada Revenue… {Read more}
By Liz O'Dowd on May 10, 2013 Leave a comment
The spring 2013 Auditor General’s (AG) report provides the results of a follow-up review to determine the Canada Revenue Agency’s (CRA) progress against action plan commitments made in response to a 2006 audit of its tax collection program. Overall, the… {Read more}
By Liz O'Dowd on May 2, 2013 Leave a comment
If you owe tax at filing time each year, you can take steps to reduce your net tax owing. You can do this by having tax — or more tax — deducted at source from certain types of income. Important… {Read more}