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Canada Revenue Agency – Not-For-Profit Project
The Canada Revenue Agency (CRA) is engaged in an audit research project to review organizations claiming not-for-profit (NPO) status. The intent is to gather information about revenue generating...
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Business Investment Losses
There are many rules contained in the Income Tax Act. While some of the rules are generally understood (e.g. contributions to your RRSP are deductible), there are a great many that are misunderstood....
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T1135 – Foreign Income Verification Statement
On June 25, 2013, Canada Revenue Agency (CRA) has introduced a revised Foreign Income Verification Statement (T1135) to crack down on international tax evasion and aggressive tax avoidance. All...
View ArticleIndividuals and Businesses affected by spring flooding: You can request...
On April 25, 2014, the Honourable Kerry-Lynne D. Findlay, P.C., Q.C., M.P., Minister of National Revenue, reminded individuals and businesses that taxpayer relief provisions are available to them if...
View ArticleForeign Income Verification Statement
In June 2013, the Canada Revenue Agency (CRA) issued a revised version of Form 1135 Foreign Income Verification Statement, which must be used for tax years ending after June 30, 2013. The form now...
View ArticleBeware of telephone and email scams
Canada Revenue Agency has posted a notice on their website warning people to be aware of phone and email scams. The posting provides information to help individuals identify possible scams. Click...
View ArticleBusinesses: You can pay your taxes online through your bank or directly on...
Did you know? In the event of a Canada Post postal disruption, you can use online payments to pay your business taxes! It’s faster, easier, and cheaper than mailing a cheque to the Canada Revenue...
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