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Share your thoughts to help improve the Simplified northern residents travel deduction

Earlier this year, the Canada Revenue Agency (CRA) introduced the Simplified northern residents travel deduction, a pilot project with the goal of making it easier for eligible northern residents to provide the necessary information in their claim and access the deduction. Now, they are taking steps to collect feedback and identify more ways to improve the …

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Businesses: Beginning January 1, 2024, if you file six or more information returns you must file them electronically to avoid penalties

Important Dates / By Tax Admin

Beginning January 1, 2024, businesses filing six or more information returns (slips and summaries) must file electronically. This removes the clause that allowed a filer with 50 or fewer information returns to file by paper. Businesses filing five or fewer information returns can still choose to file by paper. Examples of information returns include the T4 …

Businesses: Beginning January 1, 2024, if you file six or more information returns you must file them electronically to avoid penalties Read More »

The Canada Revenue Agency and the Workplace Safety and Insurance Board partner to give Ontario businesses another way to pay their WSIB premiums

CRA Information / By Tax Admin

The Canada Revenue Agency (CRA) and the Workplace Safety and Insurance Board (WSIB) are giving Ontario businesses a new option to pay their WSIB premiums. Ontario businesses with a business number can now report their insurable earnings and make WSIB account payments through their CRA My Business Account. Learn More

The CRA would like to remind you that it has resumed debt recovery activities; here’s how it may impact your benefit, credit, and refund payments

CRA Information / By Tax Admin

The CRA would like to remind you that it has resumed debt recovery activities; here’s how it may impact your benefit, credit, and refund payments

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Do you work in the sharing economy? Here’s what you need to know

CRA Information / By Tax Admin

What is the sharing economy? In the sharing economy, individuals and businesses share their assets with others for a price. Arrangements are generally made using online platforms through a third party, or using a website or an application (app). The sharing economy can take a variety of forms, such as: Transportation: ridesharing, rentals of bikes, …

Do you work in the sharing economy? Here’s what you need to know Read More »

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Not sure if it’s the CRA calling? Here’s how to find out!

CRA Information / By Tax Admin

Scammers posing as the Canada Revenue Agency (CRA) continue their attempts to trick you into handing over money or personal information. Know what to expect when the CRA contacts you so you can tell the difference between legitimate communications from the CRA, and scams. Learn More

Confirm my Representative is now available for business owners

CRA Information / By Tax Admin

The protection of taxpayer information is of the utmost importance for the Canada Revenue Agency (CRA).

What’s new and what to remember when filing your taxes in Ontario this year

CRA Information / By Tax Admin

Tax season is upon Ontario residents and the Canada Revenue Agency (CRA) is getting ready to answer questions from taxpayers and make it easier and quicker for them to file their 2022 income tax and benefit return.

What you need to know for the 2023 tax-filing season

CRA Information / By Tax Admin

Millions of Canadians file their income tax and benefit returns every year. For the 2022 tax-filing season, Canadians filed approximately 31 million returns and 92% of them were filed electronically. Also, there were over 17 million refunds processed, resulting in a total amount of $37 billion!

We know that having the information you need on hand makes filing easier. Below, you’ll find what you need to know for this year, including what’s new.

Received a T4A slip from CRA? Here’s what you need to know

CRA Information / By Tax Admin

Did you receive COVID-19 benefit payments from the Canada Revenue Agency (CRA) in 2022? If you did, you should receive a T4A Statement of Pension, Retirement, Annuity, and Other Income slip. These payments are taxable, and you need the information on your T4A slip when filing your income tax and benefit return. Learn More