Family Tax Cut The federal government is proposing a new Family Tax Cut in the form of a non-refundable tax credit, which would be effective for the 2014 and later taxation years. This would allow couples with children under the… {Read more}
Tag: small business
The Fiscal Monitor
The Department of Finance reports a budgetary deficit of $0.3 billion in August 2014; the Government remains on track to balance the budget in 2015 October 31, 2014 – Ottawa, Ontario – Department of Finance Finance Minister Joe Oliver today… {Read more}
Steven Harper announcement to make life more comfortable for families
Prime Minister Stephen Harper today announced new measures to help make life more affordable for Canadian families. He was joined by Joe Oliver, Minister of Finance, Julian Fantino, Minister of Veterans Affairs, Candice Bergen, Minister of State (Social Development), and… {Read more}
Report your Tips
Tips taxable income The Canada Revenue Agency (CRA) is reminding Canadians who earn tips and gratuities that they represent taxable income and must be reported on annual income tax and benefit returns. Restaurant servers, hairdressers, valets, taxi drivers, and others… {Read more}
Illegal Tax Schemes
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}
CPA Unification
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}
Harper government progess on red tape reduction
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}
Fourth calendar quarter Interest rates
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}
Canada’s Underground Economy
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}
CRA Mobile App
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}