Under the new measures, the CRA will be able to require that information or documents be provided under oath or affirmation. This requirement will result in additional costs for taxpayers as they will have to pay for the commissioning of oaths or affirmations in order to com...
Additionally, you’ll need to file Form RC243, Tax-Free Savings Account (TFSA) Return and pay any taxes owing by June 30 of the following year. How TFSA withdrawals affect the contribution room Any time you withdraw uninvested cash from your TFSA, the amount is added back to your ...
Atax refundtypically arises when the amount of tax owing on your return is less than the amount of tax withheld from your income during the year. Employment income is the most common type of income from which tax is deducted at the source and so employees are most often the ones who get ...
Should I add last years income tax paid (2015) plus the accrued amount owing this year (2016) and report it as an expense on this years income statement (2016)? Or Make an amendment to last years income statement and T2 return (2015) and report the accrued amount owing this year on...
The bankruptcy trustee company advises people to take a “proactive approach” to tax debts because allowing the CRA to start collection efforts can be “incredibly stressful” and liens filed by the tax agency aren’t easily removed unless you can pay the amount owing “in full.” ...
Owing to its national history, France has long been a so-called “color-blind society”, in the sense that ethnicity is not considered as a legitimate criterion for group description, either in an administrative or academic context, and the gathering of such data has been legally restricted. ...
The money-side refers to those platform participants who pay for the service - a group with relatively low price elasticity. The subsidy-side refers to those users who benefit from the platform, and have relatively high price elasticity. Owing to the difference between the money-side, the ...