Sherwood Park Accounting Firms Form Association of Intent to Merge

Gallo and Company Chartered Accountants  Bert Mulder Professional Corporation  December 09, 2014 10:00 ET EDMONTON, ALBERTA–(Marketwired – Dec. 9, 2014) – Sherwood Park accounting firms Gallo and Company Chartered Accountants and Bert Mulder Professional Corporation have entered into agreement of association with the intent of Mr. Mulder moving his practice into Gallo and Company Charted Accountants by…

Harper Government solidifies partnership with Canada's Professional Accountants

New CRA-CPA Framework Agreement will strengthen collaboration on priority issues, including red tape reduction, service, and compliance November 26, 2014 – Ottawa, Ontario – Canada Revenue Agency The Honourable Kerry-Lynne D. Findlay, P.C., Q.C., M.P., Minister of National Revenue, today announced the signing of a first-ever agreement with Canada’s chartered professional accountant community, signaling a…

2015 indexation adjustment for personal income tax, benefit amounts, and the annual dollar limit for Tax-Free Savings Accounts (TFSAs)

Each year, certain personal income tax and benefit amounts are indexed to inflation using the Consumer Price Index data as reported by Statistics Canada. Increases to tax bracket thresholds, amounts relating to non-refundable credits, and most other amounts will take effect on January 1, 2015. However, increases to the Canada child tax benefit (including the…

Save yourself the trouble — get it in writing!

Before you decide to hire a contractor to do construction, renovation, or repair work on your home, ensure they are reputable and insist on getting a written contract and receipts. Be sure to ask a lot of questions, and ask for proof of workers’ compensation or equivalent private liability insurance to cover injury and any…

CRA update regarding the Heartbleed Bug – Online services restored

The Canada Revenue Agency (CRA) is pleased to report that all of its online systems have been restored to full service as of April 13, 2014. Individuals, businesses and representatives are now able to file returns, make payments, and access all other e-services available through the CRA’s website, including all our secure portals. On April…