Ottawa, Ontario, March 7, 2014… The Canada Revenue Agency (CRA) warns all taxpayers 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}
Tag: tax credit
Are You Self Employed?
Did you know? As a self-employed individual, you and your spouse or common-law partner have until midnight on Monday, June 16, 2014, because June 15, 2014 falls on a Sunday, to file your 2013 income tax and benefit return. But… {Read more}
Managing Your Tax Affairs Online
Do you need to do business with the Canada Revenue Agency (CRA), why not do it when it’s convenient for you? Need to file your return? Make a payment? Change your address? You can do all this and more from… {Read more}
Back to School Tax Tip #3
Non-Refundable Tax Credits The most common post-secondary non-refundable tax credits that apply to students are interest paid on student loans, the tuition, education and textbook amounts, the public transit amount, and the… {Read more}
Back to School Tax Tip #2
Non-Refundable Tax Credits The most common post-secondary non-refundable tax credits that apply to students are interest paid on student loans, the tuition, education and textbook amounts, the public transit amount, and the Canada employment amount. Interest on Student Loans To… {Read more}
Back to School Tax Tip #4
Non-Refundable Tax Credits The most common post-secondary non-refundable tax credits that apply to students are interest paid on student loans, the tuition, education and textbook amounts, the public transit amount, and the Canada employment amount. Transferable Credits The student has… {Read more}
Back to School Tax Tip #1
The most common deductions that apply to students are moving expenses and child care expenses. Moving Expenses You can deduct moving expenses if you move to attend courses as a full time student or if you moved to start a… {Read more}
Charities facts and figures
The number of registered charities continued to grow in 2012. As of December 31, 2012, there were 86,159 registered charities, up from 85,923 on December 31, 2011. Charity Type Total Poverty 18,645 Education 13,924 Religion 33,494 Other purposes beneficial to… {Read more}
Minister Menzies Welcomes Ban on Unsolicited Credit Card Cheques
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}
Passage of the Economic Action Plan 2013 Act, No. 1
Jim Flaherty, Minister of Finance, on June 10, 2013, welcomed the passage of Bill C-60, the Economic Action Plan 2013 Act, No. 1, by the House of Commons. “We are one step closer to implementing measures that will build on our… {Read more}
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