Entering the housing market is not easy these days and this is true in many communities across Canada. Prices are high, competition is stiff and market conditions seem to shift quickly. Many of us wonder how we can break into the market, and how we can stretch our dollars as far as possible. November is Financial …
This year, like so many of us, we are thinking about housing and the tax incentives that exist to help you with your home projects. You may qualify for benefits, credits, or tax incentives administered by the CRA to adapt your home so it can be more accessible. If you do qualify, these incentives can …
The Minister of National Revenue announces that owners affected by the Underused Housing Tax (UHT) will have until April 30, 2024, to file their returns for the 2022 calendar year without being charged penalties or interest. Learn More
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 …
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 …
The Canada Revenue Agency (CRA) is always on the lookout for tax schemes and opportunities to warn Canadians about them. Has someone encouraged you to deduct expenses and claim business losses to offset taxable income? If so, this might be related to a tax scheme involving multilevel marketing (MLM). Learn More
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 …
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 …
Enhanced GST Rental Rebate to build more apartments for renters Read More »
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
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
