Author: Bert Mulder

IRS reminds taxpayers to access or create an IRS Online Account today

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Issue Number:    IR-2025-43 Inside This Issue IRS reminds taxpayers to access or create an IRS Online Account today  WASHINGTON – The Internal Revenue Service reminds taxpayers that it’s not too late to access or create an individual IRS Online Account. An IRS Online Account makes it easy for people to quickly get the tax…

IRS reminder to U.S. taxpayers living, working abroad: File 2024 tax return by June 16

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WASHINGTON – The Internal Revenue Service today reminded taxpayers living and working abroad that they have until Monday, June 16, 2025, to file their 2024 federal income tax return and pay any tax due. This deadline applies to both U.S. citizens and resident aliens abroad, including those with dual citizenship. In general, on the regular…

Direct deposit changes impacting EFILERS and taxpayers

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March 21, 2025 Ottawa, Ontario Canada Revenue Agency The confidence and trust that individuals and businesses have in the CRA is a cornerstone of Canada’s tax system. The CRA regularly adjusts and improves its systems and processes to safeguard sensitive information against ever evolving threats to its digital services. To support our ongoing efforts to…

US Interest rates remain the same for the second quarter of 2025

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Issue Number:    IR-2025-29 Inside This Issue Interest rates remain the same for the second quarter of 2025 WASHINGTON — The Internal Revenue Service today announced interest rates will remain the same for the calendar quarter beginning April 1, 2025. For individuals, the rate for overpayments and underpayments will be 7% per year, compounded daily.  Here…

2025 Alberta Budget Summary

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On February 27, 2025, Alberta Minister of Finance Nate Horner announced the 2025 Alberta Budget. The Budget aims to strengthen health care, education and communities, support vulnerable Albertans, and diversify the economy. No changes were made to the existing provincial corporate tax rates. Crowe MacKay’s tax experts summarize the Alberta Budget’s new tax measures below.…

Income taxes down, property taxes up — especially in Calgary: How Alberta Budget 2025 affects you

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Income tax cut The biggest way the new budget is likely to affect you is through a reduction in the personal income-tax rate. Alberta plans to cut the rate on the first $60,000 of income from 10 per cent to eight. This was a promise the United Conservative Party initially made during the 2023 election campaign. The…

Tax season starts today! File your 2024 income tax and benefit return to get the benefits and credits you may be eligible for

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News release February 24, 2025                            Ottawa, Ontario                            Canada Revenue Agency Today, you can start filing your 2024 income tax return online. For most individuals, the deadline to file is April 30,…

Registered charities making grants to non-qualified donees

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There was an important change made in 2023 in how a charity may contribute funds to ‘non-qualified grantees’. This is an issue many charities run into when funding international work https://www.canada.ca/en/revenue-agency/services/charities-giving/charities/policies-guidance/charities-making-grants-non-qualified-donees.html 1. Many organizations in Canada and internationally contribute to charitable activities, but do not have registered charity status with the Canada Revenue Agency (CRA). We…

CRA Business mail is going online

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Get ready for online mail for business Starting in spring 2025, the Canada Revenue Agency (CRA) will transition to online mail as the default method of delivering most business correspondence, reflecting the CRA’s ongoing commitment to enhancing service delivery. This means your business clients will stop receiving paper mail and will start receiving most of…