By Peter Kupovics on April 10, 2014 
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Published by Canada Revenue Agency Wednesday April 9 at 3pm EST: The Canada Revenue Agency (CRA) places first priority on ensuring the confidentiality of taxpayer information. After learning late yesterday afternoon about the Internet security vulnerability named the Heartbleed Bug… {Read more}
By Peter Kupovics on April 10, 2014 Leave a comment
You can claim eligible moving expenses if your new residence is at least 40 km (by the shortest public route) closer to your new place of work. These expenses are only deductible against the employment or self-employment income that you… {Read more}
By Peter Kupovics on April 9, 2014 Leave a comment
Canada’s tax system is based on self-assessment. This means that individuals voluntarily complete an income tax return to report their annual income and claim all deductions or credits that apply to their situation. In this way, you are able to… {Read more}
By Peter Kupovics on April 9, 2014 Leave a comment
Posted on the CRA Represent a Client Access today: Important notice To protect the security of taxpayer information, we have temporarily shutdown public access to our electronic services. We are working to restore these services as soon as possible in… {Read more}
By Peter Kupovics on April 4, 2014 Leave a comment
Know your Canadian tax obligations Did you know? If you spend part of the year in the United States (U.S.), for example, for health reasons or on vacation, and you maintain residential ties in Canada (that is, a home, a… {Read more}
By Peter Kupovics on April 3, 2014 Leave a comment
You can get a refund if you: paid too much tax throughout the year; paid more instalments than necessary; or claimed more refundable credits than the total taxes you owed. Important facts There are two ways to check the status… {Read more}
By Peter Kupovics on April 2, 2014 Leave a comment
Daily passes or tickets are not eligible. Passes of less than a month in duration are only eligible if they entitled you to unlimited travel for an uninterrupted period of at least 5 days and you purchased enough of these… {Read more}
By Peter Kupovics on April 2, 2014 Leave a comment
A RESP is a savings plan for post-secondary education which allows funds to accumulate on a tax-deferred basis up to certain limits. There is no annual limit for contributions. For each beneficiary the lifetime limit on contributions is $50,000. Although… {Read more}
By Peter Kupovics on April 2, 2014 Leave a comment
Press release published March 24, 2014 – Ottawa – Canada Revenue Agency March is Fraud Prevention Month across Canada, and the Honourable Kerry-Lynne D. Findlay, Minister of National Revenue, marked the occasion by reminding Canadians to protect themselves against fraud…. {Read more}
By Peter Kupovics on April 2, 2014 Leave a comment
Only interest paid on a loan made to you under the Canada Student Loans Act, the Canada Student Financial Assistance Act, or a similar provincial or territorial government laws for post-secondary education qualifies. You cannot claim interest paid on any… {Read more}