Are you receiving emails insisting you click on a link? Text messages promising a benefit payment or refund? Phone calls threatening to send the police if you don’t pay up? Not only are all of these really annoying, they are all signs of scams! Scammers continue to pose as the Canada Revenue Agency (CRA) and …
Not today, scammer! Find out if it’s really the CRA contacting you Read More »
It’s almost that time of year again: tax season. Many of us put off filing our income tax and benefit returns until the last minute or avoid filing altogether. By not filing, you might be missing out on certain benefit and credit payments, or a potential refund. The Canada Revenue Agency (CRA) is here to help …
Get a head start on your taxes by using the CRA’s digital services Read More »
Fraudulent calls claiming to be from CRA is an issue that continues to impact Canadians. So what can you do to avoid being mislead by these scams? Please refer to the below article published by the Canadian Revenue Agency to help you determine the legitimacy of a CRA call. Click here
Issuers of T4A and T5 slips can now distribute them by email or using an employer or payer’s secure electronic portal without obtaining written or electronic consent from the employees or recipients before distributing the slips. Previously, issuers were required to request express consent in order to provide these slips electronically, but do not need to now, under certain …
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 …
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
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 …
New tax credit to help offset cost of adding a secondary unit for family Read More »
