Making a payment

Did you know? The Canada Revenue Agency (CRA) offers online payment methods that make paying taxes as easy as paying your hydro or phone bill. Payment methods There are several ways to make a payment to the CRA. 1. Online banking: Use your financial institution’s online banking service and select The Canada Revenue Agency in the list ofpayees. We…

Warning: claiming false GST/HST refunds is a crime and will result in serious consequences

The Canada Revenue Agency (CRA) is taking action to stop various schemes used by people to claim unwarranted goods and services tax/harmonized sales tax (GST/HST) refunds. If you are thinking about participating in such a scheme, you should know that you will face serious consequences if you do. The CRA reminds businesses that supporting documents…

Caring for dependants? Depend on the family caregiver amount

Did you know? If you have a dependant with a physical or mental impairment, you could be eligible to claim up to an additional $2,040 in certain non-refundable tax credits. Important facts The family caregiver amount (FCA) helps Canadians with the costs of caring for a dependant with a physical or mental impairment. To claim…

As a tradesperson, you can save on the tools you buy!

Did you know? If you are an employed tradesperson, you may be able to deduct up to $500 of the cost of eligible tools you bought in 2013. You may also be able to get a rebate of the Goods and Services Tax/Harmonized Sales Tax (GST/HST) you paid. For more information, see Employee GST/HST rebate. Important…

Entry into force of the Tax Information Exchange Agreement between Canada and Bahrain

April 3, 2014 Full text of the Agreement The Agreement between Government of Canada and the Government of the Kingdom of Bahrain for the Exchange of Information on Tax Matters entered into force on April 3, 2014. The Agreement was signed on June 4, 2013. The Agreement has effect in accordance with the provisions of…

Protocol Signed Between Canada and Belgium

Protocol Signed Between Canada and Belgium April 1st, 2014 Full text of the Protocol A Protocol amending the Convention between the Government of Canada and the Government of the Kingdom of Belgium for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with Respect to Taxes on Income and on Capital was signed…

Nova Scotia CAs, CMAs and CGAs release merger proposal

April 3, 2014 Today, the leadership of the Institute of Chartered Accountants of Nova Scotia (ICANS), the Society of Management Accountants of Nova Scotia (CMA Nova Scotia) and the Certified General Accountants Association of Nova Scotia (CGA Nova Scotia) released the Nova Scotia Merger Proposal for CA, CGA and CMA to their members. The Council of ICANS…