By Peter Kupovics on October 28, 2014 
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Don’t buy into illegal tax protester schemes The Canada Revenue Agency (CRA) is always on the lookout for illegal tax schemes and those who promote them. The CRA works closely with the Royal Canadian Mounted Police, provincial and local police,… {Read more}
By Liz O'Dowd on October 28, 2014 Leave a comment
October 3, 2014 – Ottawa, Ontario – Canada Revenue Agency Press Release The Honourable Kerry-Lynne D. Findlay, P.C., Q.C., M.P., Minister of National Revenue, congratulates the Chartered Professional Accountants of Canada (CPA Canada) on their recent merger of all accounting… {Read more}
By Liz O'Dowd on October 28, 2014 Leave a comment
Minister Findlay launches 2014 red tape reduction consultations with small and medium-sized businesses October 9, 2014 – Ottawa, Ontario – Canada Revenue Agency Press Release The Honourable Kerry-Lynne D. Findlay, P.C., Q.C., M.P., Minister of National Revenue, was in Ottawa… {Read more}
By Liz O'Dowd on October 28, 2014 Leave a comment
September 12, 2014 Ottawa, Ontario Canada Revenue Agency 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… {Read more}
By Peter Kupovics on October 21, 2014 Leave a comment
Save yourself the trouble — get it in writing! Before you decide to hire a contractor to do construction, renovation, or repair work on your home, ensure they are reputable and insist on getting a written contract and receipts. Be… {Read more}
By Peter Kupovics on October 21, 2014 Leave a comment
Remembering business-related tax deadlines just got a lot easier with the CRA’s Business Tax Reminders mobile app Did you know? While Small Business Week comes only once a year, the Canada Revenue Agency (CRA) recognizes the unique needs of small… {Read more}
By Peter Kupovics on October 21, 2014 Leave a comment
Social media has always been a great way to keep in touch with family and friends, but now it’s a convenient way to get information on taxes and on government programs. Canada Revenue Agency social media channels can help you… {Read more}
By Liz O'Dowd on October 9, 2014 Leave a comment
A tax return must be filed if: You have to pay income taxes for the year; You have not repaid all amounts withdrawn from your RRSP under the Life Long Learning Plan; You have to pay CPP because your pensionable… {Read more}
By Liz O'Dowd on October 9, 2014 Leave a comment
Owner-Managed Business-Creditor Proofing Every business owner should be concerned about creditor proofing his assets. Here are several suggestions to consider: Transfer assets out of the company: Place capital assets in a separate holding corporation so that subsequent legal claims that arise… {Read more}
By Liz O'Dowd on October 9, 2014 Leave a comment
If you own a business, you may have wondered if you should incorporate. Historically the income tax system in Canada has benefited incorporated Canadian small businesses. Although the income and deduction calculations are almost identical to an unincorporated business, the… {Read more}