Tag: GST/HST

Whats new for this tax-filing season – GST/HST credit

By Liz O'Dowd on January 5, 2015 Comment Bubble Leave a comment

You no longer have to apply for the goods and services tax/harmonized sales tax (GST/HST) credit. When you file your return, the Canada Revenue Agency (CRA) will determine your eligibility and will advise those who are eligible to receive the… {Read more}

Remitting GST/HST on Taxable Benefits

By Liz O'Dowd on January 30, 2013 Comment Bubble Leave a comment

Did you know that GST/HST must be remitted on a taxable benefit unless the benefit is tax exempt or zero-rated, for example the benefit on low-interest loans? An example of a tax benefit that is not exempt includes the automobile… {Read more}

CRA’s Collection Policies for Individuals

By Liz O'Dowd on June 26, 2012 Comment Bubble Leave a comment

The CRA guide T4060 outlines individual taxpayers’ rights and obligations when they have personal taxes owing to the Government of Canada including: 1.) If balances are not paid within 30 days of the date of when a notice of assessment… {Read more}

It’s in your best interest to file your income tax return

By Liz O'Dowd on May 24, 2012 Comment Bubble Leave a comment

Did you know? Even if you missed the April 30 filing deadline, there are still many reasons why you should file your 2011 income tax and benefit return as soon as possible. Why is it important to file as soon… {Read more}

Voluntary Disclosure Program

By Liz O'Dowd on May 11, 2012 Comment Bubble Leave a comment

If you owe money to any of the tax authorities because you failed to file a return for one or more years, you can make a voluntary disclosure. You will pay only the tax due plus interest. No penalties will… {Read more}