By Peter Kupovics on March 18, 2014 
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Did you know? If you are a newcomer to Canada for all or part of a tax year, you may need to file an income tax and benefit return if you have to pay tax, want to claim a refund,… {Read more}
By Peter Kupovics on March 15, 2014 Leave a comment
Did you know? There are lots of benefits, credits, and deductions to help families with their expenses throughout the year and reduce the amount they owe at tax time. Important facts The following tips may help you or your family:… {Read more}
By Peter Kupovics on March 11, 2014 Leave a comment
Did you know? You can file your income tax and benefit return now and pay tax owing later. Through the secure Canada Revenue Agency’s (CRA) My Account service, you can set up a pre-authorized debit (PAD) so your payment arrives… {Read more}
By Peter Kupovics on March 11, 2014 Leave a comment
Did you know? If you want someone such as your spouse or common-law partner, a family member, a friend, or an accountant to deal with the Canada Revenue Agency (CRA) on your behalf for your income taxes, you or your… {Read more}
By Peter Kupovics on March 11, 2014 Leave a comment
Ottawa, Ontario, March 7, 2014… The Canada Revenue Agency (CRA) warns all taxpayers to beware of telephone calls or emails that claim to be from the CRA but are not. These are phishing and other fraudulent scams that could result… {Read more}
By Peter Kupovics on March 10, 2014 Leave a comment
Did you know? As a self-employed individual, you and your spouse or common-law partner have until midnight on Monday, June 16, 2014, because June 15, 2014 falls on a Sunday, to file your 2013 income tax and benefit return. But… {Read more}
By Peter Kupovics on November 11, 2013 Leave a comment
Should You Incorporate Your Business? If you own a business you may have wondered: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}
By Peter Kupovics on November 8, 2013 Leave a comment
CRA recently noted that where a proprietor purchased a Disability Income Policy, the premium is a non-deductible personal expense. But the receipt of the disability benefits is tax-free. If a corporation acquires a Policy for the employees, the premiums are… {Read more}
By Peter Kupovics on November 7, 2013 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 Peter Kupovics on November 6, 2013 Leave a comment
The 2013 Federal Budget introduced the concept that Canada Revenue Agency (CRA) will pay financial rewards to individuals who provide information on major international tax evasion. CRA could pay up to 15% of federal tax collected if the reassessments are… {Read more}