The Canada Revenue Agency launched the 2010 Underground Economy – Not your Problem? video contest on YouTube.
Tag: WSIB
Canada Pension Plan (CPP) – Benefits and Provisions
Did you know that as a result of your contributions to the Canada Pension Plan and your employer’s matching contributions, the Canada Pension Plan may provide the benefits outlined below.
Construction Contract Payment Reporting
Did you know that the payments made to subcontractors for construction services must be reported to the Canada Revenue Agency (CRA) using a reporting system called the Contract Payment Reporting System.
Tax-Free Savings Account (TFSA) vs Registered Retirement Savings Plan (RRSP) calculator
The On-line Tax-Free Savings Account (TFSA) vs Registered Retirement Savings Plan (RRSP) calculator will help you decide which type of account is better for you.
Employees vs. Independent Contractors
It’s crucial to know whether your workers are employees or independent contractors.
Claiming Automobile Expenses
One of the more common expenses claimed by taxpayers are automobile expenses (applies to any motor vehicle such as van, bus, pickup truck, station wagon, SUV or other truck).
Registered Educational Savings Plan (RESP)
A RESP is a savings plan for post-secondary education which allows funds to accumulate on a tax-deferred basis up to certain limits.
Keep The Invoices
Improper input tax credit (ITC) documentation is one of the main reasons for GST/HST reassessments. Proper invoices to support ITCs are required by Canada Revenue Agency auditors. For example, the input tax credit may be disallowed if only the credit… {Read more}
Employer-Paid Disability Premiums
If you think that paying for your employee’s disability premiums is always a good thing, think again.
Homeowners – claim your credits!
Do you know that from January until the end of March 2010, the Canada Revenue Agency (CRA) is issuing weekly tax tips.
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