…Certain chartible donations to organizations outside of the country are also tax deductible…
Category: Tax Alerts
Beware: CRA Warns of Mail Scam
A warning has been sent out by the CRA describing a letter that is being sent out to Canadians…
CRA’s 4th Quarter Interest Rates
To see the CRA’s 4th quarter interest rates for the months of October-December, 2008, see the link below:
Ministry of Revenue: Interest Rates
Every three months the interest rates for amounts owed to, or owed from, the Ministry of Revenue are reset…
What is a Tax-Free Savings Account?
Tax-Free Savings Accounts were introduced in the 2008 Budget…
Reducing Late Income Tax Payment Interest
The Canada Revenue Agency charges installment interest on late income tax payments…
The CRA revokes the charitable status of International Charity Association Network
Effective August 9, 2008, the CRA has revoked the charitable status of the International Charity Association (ICAN)…
One Business Number for Ontario Tax Clients
Starting in July 2008, Ontario tax clients will be given one business number…
Common Deductions and Tax Credits for Students
The most common deductions that apply to students are…
CRA News Release: “Benefits for your family”
On July 18, 2008 the Canada Revenue Agency (CRA) released a bulletin outlining…