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The Government of Canada has announced a call for applications for the Independent Advisory Board on Eligibility for Journalism Tax Measures

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The Government of Canada has announced a call for applications for new members for the Independent Advisory Board on Eligibility for Journalism Tax Measures (Advisory Board). The Advisory Board is an independent body whose mandate is to: provide an independent assessment and a non-binding recommendation to the Minister of National Revenue (Minister) as to whether …

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Small Business Week is here: make sure you check out the Canada Revenue Agency’s information and resources that are tailored to the needs of entrepreneurs

CRA Tax Tips / By

Canada Revenue Agency (CRA) is celebrating the passion and impact of Canada’s entrepreneurs, cornerstones of our neighbourhoods and communities. As you take this time to connect, learn and grow your business smarts, CRA is excited to share some tax information and resources that can help your business thrive. In the midst of challenges such as …

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Did you know that there are business services that can make it faster and easier for you to meet your tax obligations?

CRA Tax Tips / By

Charlie the chatbot can be found on the Canada.ca/CRA webpage where it can answer questions about your business and other tax-related matters. From April to July 2023, it was asked just over 854,000 questions in English and 156,000 questions in French. As we head into Small Business Week 2023, Charlie is here to give you some information about …

Did you know that there are business services that can make it faster and easier for you to meet your tax obligations? Read More »

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Enhanced GST Rental Rebate to build more apartments for renters

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On September 14, 2023, the Prime Minister announced that the government will introduce legislation to enhance the Goods and Services Tax (GST) Rental Rebate on new purpose-built rental housing, to incentivize construction of much-needed rental homes for Canadians. To build more rental housing, the removal of GST will apply to new purpose-built rental housing, such …

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Back to school tips for educators

CRA Tax Tips / By

This back to school season, CRA is here to make it easy to teach and understand taxes. Whether you are an educator or an organization that supports educational growth, there are many resources that you can take advantage of this academic year. Learn More

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Brush up on your tax literacy for back to school

CRA Tax Tips / By

It’s time to hit the books again! As you’re getting ready to go back to school, there are some important things about benefits, credits, and taxes to keep in mind. Get organized now so you’ll get the benefits and credits that you’re entitled to and save yourself some headaches later. Learn More

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New tax credit to help offset cost of adding a secondary unit for family

CRA Tax Tips / By

Building a secondary unit for a senior or a family member with a disability? The Multigenerational Home Renovation Tax Credit (MHRTC), provides a refundable tax credit of up to $7,500 for constructing a secondary suite, starting in 2023. The value of the credit is 15 per cent of eligible expenses or $50,000 (whichever amount is less). For example, if …

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

What's new from CRA / By

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

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 »

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