New proposals to expand the audit powers of the Canada Revenue Agency (CRA) under theIncome Tax Actcould significantly raise the risk that Canadian taxpayers will find themselves in court or subject to penalties – even before a tax audit is concluded. ...
FIND CRA AUDIT HELP IN CANADA During a CRA tax audit, it’s crucial to have professional tax assistance from an accountant with a history of representing clients during audits by the CRA to help navigate the process. An accountant provides valuable help in organizing financial records, responding...
The Canada Revenue Agency locked roughly 800,000 accounts after a routine check found that the login information was available to “unauthorized individuals,” the federal tax agency said Friday. Impacted users will be locked out of their accounts as a preventive measure until they create a new u...
The public-sector union representing Canada Revenue Agency employees has struck a tentative deal with the federal government, ending a strike of 35,000 workers just after the tax season wrapped up. The announcement of a prospective agreement comes after the ...
your tax slips yet, since the deadline for them to be sent out varies from the end of February (for T4s and T5s, among other slips) to April 2 (for some T3s, and T5013s). This can be a particular problem if you solely rely on theCanada Revenue Agency’sAuto-fill my return...
Aaron Gillespie, an enterprise tax partner at KPMG in Hamilton, said if you don’t have the cash to pay your bill, the first thing to consider is can you borrow money at a lower interest rate than the current nine per cent that the Canada Revenue Agency will charge you on overdue taxe...
The Canada Revenue Agency (CRA) said Friday that there would be no changes to the tax deadline if workers strike. "There are no plans to extend the T1 tax filing deadlines, as a potential strike in no way impedes the ability of Canadians tofile their taxeselectronically or on paper. ...
CanadaRevenueAgency(CRA)filingrequirementsforNon-Profit Organizations(NPO’s) T2CorporateIncomeTaxReturn “Allcorporations–includingnon-profitorganizations,…-havetofileaT2returnfor everytaxyear,evenifthereisnotaxpayable.Theonlyexceptiontothisruleisa corporationthatwasaregisteredcharitythroughouttheyear.”(Frompag...
First, if you can't access your account, you can't file your taxes or access any other information or services from the CRA. This can be a major inconvenience, especially if you're trying to meet a tax (or other) deadline. Second, if your account is locked due to unusual activity,...
When Is the Tax Filing Deadline in Canada? The tax filing deadline for most individuals in Canada is April 30th. However, if you or your spouse or common-law partner run a business, the deadline is June 15th. It's important to note that any taxes owed are generally due by April 30th...