By Liz O'Dowd on May 22, 2017 
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There are many benefits, credits, and deductions to help your family with expenses throughout the year and reduce the amount you owe at tax time. Child and family benefits Canada child tax benefit (CCTB) – You may be entitled to… {Read more}
By Liz O'Dowd on December 19, 2015 Leave a comment
The difference between tax deductions & credits and whats eligible. Although there’s a substantial difference between a tax credit and a tax deduction, it’s easy to get the two confused. A tax deduction reduces your taxable income, with the actual… {Read more}
By Peter Kupovics on September 8, 2015 Leave a comment
September 8, 2015 – Ottawa, Ontario – Canada Revenue Agency The Canada Revenue Agency (CRA) announced today that Ms. Doreen Tennina was extradited to Canada from Italy on September 4, 2015, and is now in custody serving a 10-year sentence… {Read more}
By Peter Kupovics on August 24, 2015 Leave a comment
The CRA is warning Canadians that fraudulent emails and phone calls purporting to be from the Agency are currently being reported. Find out more about these scams and learn how you can protect yourself. Examples of fraudulent communications telephone letter… {Read more}
By Liz O'Dowd on August 19, 2015 Leave a comment
Minister of National Revenue highlights Economic Action Plan 2015 measures to support small and medium-sized business. Minister Findlay meets with leaders of the Taiwanese community in the Greater Vancouver Area May 19, 2015 – Vancouver, BC – Canada Revenue Agency… {Read more}
By Liz O'Dowd on August 19, 2015 Leave a comment
MyCRA is a mobile application for individual taxpayers that lets you securely access and view key portions of your tax information such as your notice of assessment, tax return status, and RRSP and TFSA contribution room.
By Liz O'Dowd on July 7, 2015 Leave a comment
To receive the enhanced UCCB, families may have to sign up. If you have children under 18 for whom you have not previously applied for the UCCB or the Canada Child Tax Benefit (CCTB), you will need to apply for… {Read more}
By Liz O'Dowd on July 7, 2015 Leave a comment
You should plan ahead so that you are prepared to file your tax return next year without too much difficulty. One of the most important things to do during the year is to store all tax-related documents in one place. … {Read more}
By Liz O'Dowd on July 7, 2015 Leave a comment
Beware of telephone and email scams The Canada Revenue Agency (CRA) warns you 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 Liz O'Dowd on February 17, 2015 Leave a comment
When are T4 slips required? Employment income is included on a T4 for the year in which it is received, not earned. If a payment is made in January 2015 for wages earned in December 2014, this amount will be… {Read more}