June 15, 2023:This is the last day to file your 2022 tax return if you or your spouse or common-law partner are self-employed. Prepare for tax season 1 Register for a CRA account A CRA account gives you access to important information you may need for this year's taxes. ...
We have verified that the tax calculations done by Dynamics GP are within the acceptable ranges defined by the CRA.Taxes are an ‘estimate’, as employees typically overpay or underpay, and have to file a tax return to get to the exact amount due. But the tax calculations done by ...
The CRA offers tax break incentives to encourage greener working practices. These include a higher upper rate on the capital cost allowance of up to $55,000 + HST for an electric or hybrid vehicle. The CRA also favours clean energy items when calculating the depreciation of office equipment. ...
A consequential amendment (effective on Royal Assent of Bill C-59) permits the Canada Revenue Agency (CRA) to share a corporation’s taxpayer information with the Department of Natural Resources solely for the purpose of determining if a cost is a “ZETM cost of capital” or a “ZETM cost...
Canada must have a calendar year-end. Generally, CRA requirements do NOT allow sole proprietors to choose their fiscal yearend. However there is one alternate election available for a different year-end than December 31 to qualifying businesses the first time your business files a tax return. ...
Penalties for filing information return late (T4s, T5s, etc.): http://www.cra-arc.gc.ca/tx/bsnss/tpcs/pyrll/hwpyrllwrks/pnlty/pnlts/pnltchrgs-eng.html LINK TO SUBMIT DOCUMENTS TO US:https://ln5.sync.com/dl/92e5386f0/usmcet3k-b4k6d5qi-259nts9q-4suq7hqe ...
Are you receiving threatening calls or letters from CRA? Or foreign tax authority and need representation on your behalf.Do you need Corporate Tax Return Preparation Services or Corporate Tax Advice? Both Canadian and Non-Resident. International Tax Accountant Downtown Toronto...
Annual T1/T2 tax return GST/PST Returns, Payroll reports filing & Other government reports Package & Pricing Info If YOU LIKE TO CUSTOMIZE YOUR PLAN, PLEASECONTACT USFOR MORE INFORMATION. If you are interested, let’s book an appointment with us and we can start from there. ...
2015. The T1 return has a new keying field. Your individual clients can now register for online delivery of some of their CRA correspondence. With their consent, you can enter their email address on the T1 return and submit this information when filing their tax return. The EFILE program wil...
The Department of Finance on Dec. 20, 2023, released theshort-term rental draft legislationas part of a small package of taxation proposals. For those who need a reminder, short-term rental owners/operators that are operating in a municipality that prohibits such rentals are apparently evil and...