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 Liz O'Dowd on October 4, 2012 Leave a comment
If you have a website or a blog and you charge for advertising, links, or reviews, you must report the income on your Canadian income tax returns. Send invoices to your clients and customers. If your invoices exceed $30,000 in… {Read more}
By Liz O'Dowd on August 30, 2012 Leave a comment
In a recent Tax Alert titled “Abuse of Source Deductions and GST/HST Amounts Held in Trust” CRA warned that businesses must hold source deductions and GST/HST amounts in trust for the government. Penalties and interest and possibly personal liability for… {Read more}
By Liz O'Dowd on August 2, 2012 Leave a comment
During your summer vacation this year, will you be visiting any of Canada’cities, national parks, or world-class tourist destinations, or will you be enjoying the simple pleasure of lounging by the local pool? Wherever your summer vacation takes you, make… {Read more}
By Liz O'Dowd on July 17, 2012 Leave a comment
We now offer a printer-friendly version of the goods and services tax/harmonized sales tax (GST/HST) return working copy. This working copy enables registrants to maintain a copy of their GST/HST return calculations for record purposes. Do not use this printer-friendly… {Read more}
By Liz O'Dowd on July 17, 2012 Leave a comment
The following new services are now available for GST/HST accounts: “View a return” has been renamed “View expected and filed returns.” In addition to being able to view line-by-line details of already filed returns, you will be able to view… {Read more}
By Liz O'Dowd on April 10, 2012 Leave a comment
Even if you don’t owe taxes, you should file your 2011 income tax return by April 30, 2012 to be eligible for some tax credits and benefits. Important facts Eligibility for certain benefit payments such as the goods and services… {Read more}