The Government of Canada is switching to direct deposit for all payments that it issues. It is proposed that CRA will not longer issue cheques after April 2016. While there is a bit of “wiggle” room, we recommend that you get signed up in order to avoid delays in receiving funds from CRA. If you …
Individual Tax Payers: Mandatory Direct Deposit from CRA Read More »
Did you know? The Canada Revenue Agency (CRA) offers taxpayers a second chance to correct earlier mistakes and put their tax affairs in order through the Voluntary Disclosures Program (VDP). If you have ever made a mistake on your taxes, or left out details about income you reported on your tax return the CRA is offering …
INTERAC e-Transfer from Canada Revenue Agency System Dear Tax Payer, [ carringtoninc@shaw.ca ] –*Canada Revenue Agency has sent you an INTERAC e-Transfer (previously INTERAC Email Money Transfer). –*Amount: 493.95 (CAD) –*Sender’s Message: A message was not provided –*Expiry Date: 20 March 2016 –*Action Required: –*To deposit your money, click here: http:/www.cra-arc.gc.ca/interac/support –*2016 Canada Revenue Agency (CRA)
Employees who earn their living negotiating contracts for their employers or selling on commission may claim certain itemized sales expenses, income tax preparation costs, legal fees incurred to defend charges incurred in the normal course of business, as well as auto and travel expenses. These claims are allowed only if salespeople are required to pay …
Tax Tips: What Expenses Can Commission Salespeople Claim? Read More »
This is a reminder that your next instalment payment is due on March 15, 2016. Paying online is quick and easy. Contact your financial institution to find out how you can use online banking to pay your taxes, or for more information about other payment methods, go to www.cra.gc.ca/payments.
Posted: March 01, 2016 By: Evelyn Jacks Posted in: Breaking News, Current Issue The rules for claiming automobile expenses are similar for both employed and self-employed people, and they are also among the most frequently audited. Taxpayers will want to keep proper documentation and make the claims correctly. Automotive expenses can be deducted only if …
The Federal Government is offering wage subsidies for students you may hire for summer work. DEADLINE: MARCH 11, 2016 Canada Summer Jobs Applicant Guide
Many people don’t understand one of the most fundamental reasons to file a tax return: claim lucrative refundable tax credits. It’s especially important for families that qualify for the Canada Child Tax Benefit, which is expected to be enhanced this July. If you don’t do your RRSP planning now and contribute to your RRSP by this …
From the Knowledge Bureau Network Max the RRSP Now to Maximize the New CTB Posted: February 16, 2016 By: Walter Harder Posted in: Breaking News, CRA News, Current Issue Families who wish to maximize the anticipated new Child Tax Benefit (CTB) for 2016/2017 have less than two weeks left to reduce 2015 net income using …
Taxes 101: Students earn “extra credits” this term! Did you know? The Canada Revenue Agency (CRA) has tax credits, deductions, and benefits to help students. Make sure you claim those you are eligible for when you file your income tax and benefit return. Even if you have little or no income, you should still file …