The CRA oversees child and family benefits that are paid for by tax dollars, including the Canada Child Benefit (CCB). This benefit is a tax-free monthly payment made to eligible families to help with the cost of raising children up to 18 years of age. Payments through the CCB might inc...
On 23 January 2025, the Department of Finance released draft income tax legislation and related explanatory notes to extend the deadline for taxpayers to make charitable donations that qualify for tax support for the 2024 taxation year. On the same day,
This client has continued to use our firm for handling their business and personal financial affairs. “Sam is a solid character with high standards and ethics which make his firm excellent.” Tax Help Now Frequently Asked Questions About CRA Audits in Canada What is a CRA audit? A CRA audit...
The CRA has stated that, in its view, uncollected taxes are due in large part to the domestic underground economy, aggressive international tax planning, and payment non-compliance. The CRA selects files for audit based on risk assessment, which may involve factors including industry risk, ...