By Liz O'Dowd on July 3, 2013 
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Ted Menzies, Minister of State (Finance), informed Canadian consumers that the ban on unsolicited credit card cheques comes into effect June 21, 2013. As of June 21, 2013, all federally regulated financial institutions will be forbidden from sending unsolicited “promotional”… {Read more}
By Liz O'Dowd on August 2, 2012 Leave a comment
A tax return must be filed if you have to pay income taxes. A tax return must also be filed if you have not repaid all amounts withdrawn from your RRSP under the Home Buyers’ Plan or the Lifelong Learning… {Read more}
By Liz O'Dowd on July 5, 2012 Leave a comment
Ottawa, Ontario, June 29, 2012… The Canada Revenue Agency (CRA) announced today that the average refund for the 2011 tax-filing season is more than $1,580—an increase of about $70 per person since last year. Many Canadians are receiving their refunds… {Read more}
By Liz O'Dowd on May 15, 2012 Leave a comment
A surprise measure was introduced in the 2012 federal budget legislation (Bill C-38), a mandatory e-file requirement, which will be effective for 2012 income returns filed after December 31, 2012. The proposal will impact tax preparers engaged to prepare more… {Read more}
By Liz O'Dowd on April 10, 2012 Leave a comment
Even if you don’t owe taxes, you should file your 2011 income tax return by April 30, 2012 to be eligible for some tax credits and benefits. Important facts Eligibility for certain benefit payments such as the goods and services… {Read more}
By admin on November 30, 2010 Leave a comment
The Canada Revenue Agency (CRA) reminds taxpayers and all tax registrants that
By admin on November 25, 2010 Leave a comment
The Ontario Senior Homeowners Property Tax Grant is an annual amount provided to help offset property taxes for seniors …
By admin on November 25, 2010 Leave a comment
It can be beneficial for entrepreneurs to reflect a salary in their financial statements …
By admin on November 25, 2010 Leave a comment
Tax planning and retirement planning go hand in hand.
By admin on September 9, 2010 Leave a comment
The CRA has uncovered a new scheme involving false claims on