filingcrarevenuerequirementsagencycanada Wewillmakeeveryefforttoensurethisdocumentiscurrentandaccurate.However,duetothepaceofchangeinthetaxandaccountingindustrieswecannotguaranteethecontinuedrelevanceoftheinformationprovided.Theinformationandresourcesprovidedarenotasubstituteforprofessionaladviceandmaynotbeappropriateforyoursituat...
becoming contractually obligated to enter into the transaction. the canada revenue agency only designated its first set of notifiable transactions on november 1, 2023, so the earliest filing due date to report notifiable transactions would be january 30, 2024. for more informatio...
On June 22, 2023, new mandatory tax disclosure rules in the Income Tax Act (Canada) (the “ITA”) came into force, which expanded the scope of transactions that taxpayers, advisors and investors must report to the Canada Revenue Agency (the “CRA”). The mandatory disclosure rules encompass...
Remitting these payroll deductions, along with the employer's share of Canada Pension Plan (CPP) contributions and Employment Insurance (EI) premiums, to the CRA as required. Reporting each employee's income and deductions on the appropriate T4 or T4A slip and filing an information return on or...
If this is the first year you’ll be filing as a small business owner, or you’ll be doing it on your own rather than working with an accountant, there’s a lot you need to know. Let’s review Canadian tax brackets, preparation tips, and steps you’ll need to take to file your ...
Welcome to the Sri Lankan Accountants Association of Canada (SAAC), a dynamic and growing association comprising Sri Lankan accounting professionals
Sellers located outside Canada who import goods for sale on Amazon.ca are considered non-resident importers by the Canada Border Services Agency (CBSA). Both the CBSA and the Canada Revenue Agency (CRA) require businesses to interact using business numbers. A non-resident importer must obtain a...
First, the bottom line changes from time to time depending on your prices, sales, and expenses such as the taxes you pay to the Canada Revenue Agency. It’s possible to increase your sales and prices but still decrease your bottom line, and it’s also possible to reduce your price and ...
It has been inactive – no revenue, sales, expenses, purchases nor dispositions for all of tax years: 2014 and 2015. This April 2016, I am filing the Final Income Tax Return for this inactive and dissolved business for the tax yr ending on the dissolution date. Kindly confirm or correct ...
I was the chairman of Magna International Inc., and the meltdown sent the North American automotive industry into a tailspin that would lead to Chrysler and General Motors filing for bankruptcy. Hundreds of thousands of jobs in the auto industry were incinerated almost overnight. Magna, through...