Did you receive a letter from the Canada Revenue Agency (CRA) telling you that you owe money? CRA understands this can feel stressful, but they can work with you to resolve your debt. Let CRA help youIt’s important that you read all correspondence you receive from the CRA. The information and directions in the letter …
Discover the Canada Revenue Agency’s options to help you settle your tax debt Read More »
The Canada Revenue Agency (CRA) considers you a newcomer to Canada for the first year you are a resident of Canada for income tax purposes. Newcomers to Canada can apply to get benefit and credit payments, including any related provincial and territorial payments, even before they do their taxes for the first time. These payments …
The Canada Revenue Agency (CRA) understands that life can move fast, and tasks like filing your income tax and benefit return can slip through the cracks. The deadline to file a 2024 tax return was April 30, 2025, but you can still file if you haven’t yet. You may not want to file because you …
Starting May 12, 2025, the Canada Revenue Agency (CRA) will transition to online mail as the default method of delivering most business correspondence. This means you’ll start receiving most of your business notices and other correspondence through CRA’s secure online portal, My Business Account, instead of by mail. This change applies to:– All new business …
Businesses, are you ready for your CRA mail to go online? Read More »
The child disability benefit (CDB) is a tax-free monthly payment made to families who care for a child under age 18 with a severe and prolonged impairment in physical or mental functions. To get the CDB:You must be eligible for the Canada child benefit (CCB)Your child must be eligible for the disability tax credit (DTC) …
For payments based on your 2024 income tax and benefit return (July 2025 to June 2026), the program provides a maximum annual credit of $371 for each adult and each child in a family. If you are a single individual with no children, the credit will be reduced by 4% of your adjusted net income …
The Ontario energy and property tax credit (OEPTC) is designed to help low- to moderate-income Ontario residents with the sales tax on energy and with property taxes. You apply for the current-year OEPTC on your prior-year income tax and benefit return. For example, you would apply for the 2025 OEPTC on your 2024 income tax …
Before including the disability amount on an individual’s T1 income tax and benefit return, please ask your client if they have applied for the disability tax credit (DTC) before. Your client can give you the notice of determination that was sent to them. This notice will indicate if the Canada Revenue Agency (CRA) has determined …
The Canada Revenue Agency (CRA) has become aware of a new phishing scam targeting the tax preparation community, where bad actors are prompting EFILERs to log into a fake EFILE Sign in page to “activate” their account. Note that the CRA will never send you a link asking you to provide financial or personal information. …
The confidence and trust that individuals and businesses have in the CRA is a cornerstone of Canada’s tax system. The CRA regularly adjusts and improves its systems and processes to safeguard sensitive information against ever evolving threats to its digital services. To support our ongoing efforts to enhance the security of taxpayer accounts, and given …
Direct deposit changes impacting EFILERS and taxpayers Read More »
