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 June 19, 2013 Leave a comment
Canadian enterprises sold almost $122 billion of goods and services over the Internet in 2012. This total was just over double the value of online sales in 2007, the last time a similar survey was conducted. Three sectors, manufacturing, wholesale trade and retail… {Read more}
By Liz O'Dowd on June 19, 2013 Leave a comment
A business plan is a valuable tool for every business owner, whether you are starting up, have been in business for years, or are ready to grow. Think of your business plan as a sales document. It must convince readers… {Read more}
By Liz O'Dowd on June 19, 2013 Leave a comment
The Canada Revenue Agency (CRA) announced on May 21 that on May 15, 2013, Douglas W. Gray of Mississauga, Ontario, pleaded guilty in the Ontario Court of Justice in Toronto, to a total of 10 counts of failing to file… {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}
By Liz O'Dowd on December 21, 2012 Leave a comment
When a taxpayer has a spouse or common law partner and the combined donations are greater than $200, the donations for both spouses should usually be combined and claimed on one tax return. Check your tax return carefully in relation… {Read more}
By Liz O'Dowd on December 21, 2012 Leave a comment
The Ministry of Finance has stated that businesses are not required by the government to reprogram their cash registers, but they may choose to update their cash registers to automatically calculate rounding for cash transactions and to provide greater transparency… {Read more}