By Liz O'Dowd on April 23, 2013 
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If you owe tax for 2012 and do not file your return for 2012 on time, we will charge you a late-filing penalty. The penalty is 5% of your 2012 balance owing, plus 1% of your balance owing for each… {Read more}
By Liz O'Dowd on April 23, 2013 Leave a comment
Ottawa, Ontario, April 19, 2013… The Canada Revenue Agency (CRA) would like to remind Canadians that they have until midnight on April 30, 2013, to file their 2012 income tax and benefit return and to pay any balance owing. If… {Read more}
By Liz O'Dowd on April 16, 2013 Leave a comment
Ottawa, Ontario, April 9, 2013… The Honourable Gail Shea, Minister of National Revenue, today highlighted important new initiatives introduced by the Harper Government in Economic Action Plan 2013 to strengthen the capacity of the Canada Revenue Agency (CRA) to crack… {Read more}
By Liz O'Dowd on April 16, 2013 Leave a comment
Occasionally, taxpayers may receive, either by telephone, mail, or email, a communication that claims to be from the Canada Revenue Agency (CRA) but is NOT. In all these cases, the communication requests personal information, such as a social insurance, credit… {Read more}
By Liz O'Dowd on April 16, 2013 Leave a comment
For purposes of income tax in Canada, a common law spouse is a person of the opposite or same sex to whom you are not legally married, with whom you live in a conjugal (marriage-like) relationship, and at least one… {Read more}
By Liz O'Dowd on April 16, 2013 Leave a comment
The question of whether a person is in a business relationship (self-employed independent contractor) or in an employee-employer relationship is not one that is always easy to answer. There have been many court cases on this subject. The courts generally… {Read more}
By Liz O'Dowd on April 16, 2013 Leave a comment
Did you know? Even if you have no income to report for 2012, you should still file your income tax and benefit return by April 30, 2013 to be eligible for some tax credits and benefits. Important facts Eligibility for… {Read more}
By Liz O'Dowd on April 8, 2013 Leave a comment
Several Provinces have increased or will increase their minimum wage rates in 2013. The list below details the wage rate changes taking effect in 2013. Jurisdiction Rate New/ Current Previous Rate Effective Date Alberta $9.75 $9.40 Sept. 1, 2012 Manitoba… {Read more}
By Liz O'Dowd on April 5, 2013 Leave a comment
Personal income tax returns for 2012 are due Tuesday, April 30, 2013. If you or your spouse carried on a business in 2012, your return has to be filed on or before June 15, 2013. As this is a Saturday,… {Read more}
By Liz O'Dowd on April 5, 2013 Leave a comment
First $200 Amount over $200 Tax Credit for donation of $1,000 Combined Fed/Prov Tax Credit for donation of $1,000 Empl income required to completely utilize tax credit Combined Fed/Prov Tax Credit for donation of $1,000 Empl income required to completely… {Read more}