FAMILY TAX TIPS PART 1 There are many benefits, credits, and deductions to help your family with expenses throughout the year and reduce the amount you owe at tax time. CHILD AND FAMILY BENEFITS Canada child tax benefit (CCTB) – You may be entitled to a tax-free monthly payment that helps eligible families with the …
Minister Lebouthillier announces improvements to CRA correspondence: making tax and benefit information easier to understand February 11, 2016 Montréal, Quebec Canada Revenue Agency The Honourable Diane Lebouthillier, Minister of National Revenue, P.C., M.P. accompanied by Marc Miller, M.P. for Ville-Marie-Le Sud-Ouest-Île-des-Soeurs, today announced improvements to the way the Canada Revenue Agency (CRA) communicates with millions …
Beware of scammers impersonating the Canada Revenue Agency RCMP and CRA raise awareness about ongoing email and phone scams February 11, 2016 Ottawa, Ontario Canada Revenue Agency The Royal Canadian Mounted Police (RCMP) and the Canada Revenue Agency (CRA) are warning Canadians about an ongoing scam in which taxpayers across the country receive phone calls …
Did you claim small business losses or have employment expenses in 2014? Drum roll please……in the very near future, CRA will send thousands of letters to a selected group of individual taxpayers and business owners who have a history of business and rental losses or those individuals that have claimed employment expenses (Form T777). CRA has explained that this …
It is possible that the Canada Revenue Agency (CRA) will contact you by phone for legitimate tax reasons. During such phone calls, the CRA officer must validate your identity and therefore will ask for certain personal information, including your date of birth, your address, and in the case of a business some account specific details. …
What to expect when the Canada Revenue Agency calls you Read More »
Tax Season is around the corner. Be sure that you receive and collect all of your tax documents. Slips: Employment Income (T4) Employment Insurance Benefit (T4E) Tuition and Support (2nd Careers) admin by Ministry of Universities, Colleges & Training (T4E) Social Assistance, ODSP or WSIB Income (T5007) Old Age Security …
For most individuals that report employment income, your deadline is April 30! This means that if you owe taxes, you must file your return by midnight on April 30, in order to avoid late filing fees. However, if you are reporting income from an unincorporated small business, the deadline to file is June 15. But …