The Payroll Deductions Online Calculator (PDOC) allows you to calculate federal, provincial (except for Quebec), and territorial payroll deductions. The PDOC includes step-by-step instructions designed to assist you with the type of calculation you need. It can be used to calculate payroll deductions for: salaries commissions pensions In addition, PDOC can also be used to verify Canada Pension …
Have you recently incorporated your business? Do you provide services to one other company? You might be considered to be operating a personal services business (PSB) by the CRA. This means your tax obligations are different than other corporations! Check out the CRA’s fact sheet on PSBs! It’s intended to help you better understand your reporting …
New fact sheet on tax obligations for personal services businesses Read More »
This tax season, the Canada Revenue Agency (CRA) has introduced a new identity validation option, known as the document verification service, to make it easier to register for digital services including My Account. Using a government-issued photo identification (ID), such as a passport or driver’s licence, a user can quickly validate their identity to get immediate access to …
The CRA is making it easier to access its digital services Read More »
Filing your income tax and benefit return each year is what you need to do to receive any benefit and credit payments you’re entitled to. Sometimes after you file, you realize you made a mistake or forgot to include something important. If this happens to you, don’t worry. It’s easy to change your tax return. If you …
Need to change your tax return? You can do it online! Read More »
Our digital services make handling your business tax matters faster and easier. You and your authorized employees and representatives can file, pay and access detailed information about your tax accounts. Here is information about the Canada Revenue Agency’s (CRA) most used digital services, as well as information about how to access other services too. Learn More HAPPY …
Canadians have been contributing to tax-free savings accounts (TFSA) since 2009, enjoying tax-free investment growth. Did you know that it’s possible to overcontribute and be subject to penalties? Excess contributions can occur, for example, when your TFSA is set up for pre-authorized contributions and you make additional contributions without verifying the amount of room you have available. …
Tax Free Savings Account: Watch your limit – stay within it! Read More »
If you’re self-employed, navigating your tax obligations may seem complicated. But don’t worry, the Canada Revenue Agency (CRA) is here to help you! To get ready for tax-filing season, we’ve put together helpful tips and information for self-employed individuals. Learn more
Life is full of responsibilities, from school and work to family and everything in between. We understand that taxes can easily slip to the bottom of your to-do list. Don’t worry if you haven’t filed your 2023 income tax and benefit return yet – you still have time. Use the information below to help you complete …
You still have time – Last-minute tips to help you file before the deadline! Read More »
To make it easier for you to understand your tax obligations as a platform economy participant, we made a list of the top ten tips you need to know. Learn More
To support ongoing efforts to ensure the effectiveness and integrity of Canada’s tax system, the Government of Canada introduced new reporting requirements for trusts. In recognition that the new reporting requirements for bare trusts have had an unintended impact on Canadians, the Canada Revenue Agency (CRA) will not require bare trusts to file a T3 Income Tax and …
NEW – Bare trusts are exempt from trust reporting requirements for 2023 Read More »
