CRA Information

Recipients of T4A and T5 tax information slips no longer have to provide permission to receive them through a secure portal. A T4A slip identifies amounts paid during the calendar year for certain types of income from many different sources, including self employed commissions and RESP educational assistance payments. T5 slips are used to report the various types of …

Individuals can now receive T4A and T5 slips more conveniently and efficiently Read More »

Free tax clinics made it possible for more than 649,000 Canadians with a modest income to file their taxes and receive more than $1.75 billion in benefits, credits, and refunds last year, announced the Honourable Marie-Claude Bibeau, Minister of National Revenue. More than 3,400 community organizations, composed of over 14,700 volunteers, helped achieve these results. …

The Canada Revenue Agency continues to invest in free tax clinics Read More »

The Government of Canada is committed to improving access to dental care services to help people get the dental care they need and make life more affordable to Canadians. The Canadian Dental Care Plan will provide dental coverage for uninsured Canadians with an adjusted family net income of less than $90,000. Beginning with the 2023 …

Employers and pension plan administrators: Changes coming to T4/T4A reporting Read More »

The maximum pensionable earnings under the Canada Pension Plan (CPP) will be $68,500—up from $66,600 in 2023. The basic exemption amount for 2024 remains at $3,500. Starting in 2024, a higher, second earnings ceiling of $73,200 will be implemented and used to determine second additional CPP contributions (CPP2). As a result, pensionable earnings between $68,500 …

Canada Revenue Agency announces maximum pensionable earnings and contributions for 2024 Read More »

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 …

Are you a first-time home buyer? Do you know there are tax incentives that could help you purchase your first home? Read More »

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 …

Do you own a home and wondering if there are tax incentives that can help? Here’s what you need to know! Read 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 …

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

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 »

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