Stop International Tax Evasion Program To combat unreported foreign income, the Federal Government 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… {Read more}
Category: News
2016 Maximum pensionable earnings
Canada Revenue Agency announces Maximum pensionable earnings for 2016 The Canada Revenue Agency announced today that the Maximum pensionable earnings under the Canada Pension Plan (CPP) for 2016 will be $54,900—up from $53,600 in 2015. The new ceiling was calculated… {Read more}
Free Tax Preparation Clinics
Tax preparation clinics benefit your community: Learn how you can participate Every year, the Canada Revenue Agency (CRA) supports community organizations across the country as they run free tax preparation clinics. It happens in communities just like yours, through a… {Read more}
Minimum Wage Rates in Ontario
Minimum Wage Rates Minimum wage is the lowest wage rate an employer can pay an employee. Most employees are eligible for minimum wage, whether they are full-time, part-time, casual employees, or are paid an hourly rate, commission, piece rate, flat… {Read more}
WSIB reporting and payments changes
Changes to the premium reporting at some financial institutions impacts your WSIB reporting A number of banks and credit unions across Ontario have made changes to the way they process your WSIB premium payments and WSIB reporting. In the past,… {Read more}
Benefit Payment Dates
Benefit payment dates for Canada child tax benefits The Canada child tax benefit is a tax-free monthly payment made to eligible families to help them with the cost of raising children under age 18. The CCTB may include the: National… {Read more}
Taxpayer service rights
As a taxpayer, you have eight service rights, outlined in the Taxpayer Bill of Rights, which govern your relationship with the CRA. The eight service rights include: the right to be treated professionally, courteously, and fairly (Article 5); the right… {Read more}
Interest rates for the fourth calendar quarter
Interest Rates – 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 corporations. These… {Read more}
CRA online services for small business
Canada Revenue Agency continues to expand its online services for small business Small Business Week is an opportunity to celebrate and recognize the contribution small businesses make in communities across the country. The Canada Revenue Agency (CRA) understands that small… {Read more}
Video Tax News
Life in the Tax Lane – Nov 2015 Video Tax News Taxtips.ca is pleased to be able to share these informative tax news videos from Video Tax News. They are not too long, cover a wide range of topics, and… {Read more}