CRA;

One Small Date Error Extends Tax Season

Caroline Battista | Posted 05.04.2015 | Canada Business
Caroline Battista

While the extension is good news for anybody who might have left their tax filing to the last minute, it demonstrates that mistakes can happen fairly easily. If the almighty taxman can miss updating a date on a memo then it's completely fathomable that we might make a few errors when it comes to our taxes. But tax mistakes can be costly.

5 Essential Tips for Last-Minute Tax Filers

Jeff Cates | Posted 04.28.2015 | Canada Business
Jeff Cates

It's tax time and the deadline is just days away. Your month of tax procrastination may be stressing you out, but don't worry. The following tips will get you through the final days. By filing late or failing to file, you will incur a range of financial penalties. Why just throw your money away?

CRA Letter Just Tory 'Advertising,' Edmonton Mom Says

CBC | Posted 04.23.2015 | Canada Politics

No one likes getting mail from the Canada Revenue Agency. Usually, anyway. But when Edmonton mom Rosemary Ronald opened one letter two weeks ago, s...

Procrastination Doesn't Pay at Tax Time

Caroline Battista | Posted 04.21.2015 | Canada Business
Caroline Battista

If you don't owe, you may not feel any pressure to file but getting your tax return completed on time makes good financial sense. If you miss your tax filing deadline, you are immediately hit with a five per cent penalty on whatever you owe. It may be easy to put it off and file later, but you should remember that a tax refund is your money.

Ways to Be Smart With Your Tax Refund

Caroline Battista | Posted 04.14.2015 | Canada Business
Caroline Battista

The decision about what to do with your tax refund is particularly important to those young Canadians anticipating a refund. You want a vacation, and there's probably something you've wanted to buy and put off until you got your return. But consider this...

WATCH: It's Tax Season, What Are You Waiting For?

Posted 04.13.2015 | Canada Business

It's bearing down on you like a boulder rolling down a hill: Tax season. Ok, so maybe it isn't that bad, but really, what are you waiting for? The ...

Should I File My Own Taxes, or Consult a Professional?

Caroline Battista | Posted 04.10.2015 | Canada Business
Caroline Battista

Everyone has their own style when it comes to filing their tax returns. You can file yourself, or use a tax pro, but make sure you file by the deadline. No matter how you choose to do your return, you want to make sure you are claiming all of the credits and deductions available so you don't pay any more tax than needed.

The Taxman Is Asking New Canadian Immigrants for Piles of Paperwork

Caroline Battista | Posted 04.06.2015 | Canada Business
Caroline Battista

The taxman has been asking some of our new Canadian clients for additional information while they review their tax returns. The CRA is well within their rights to ask for additional documentation but new Canadians are facing a rather long list of requirements.

Canada's Charitable Law Urgently Needs Reforming

DeSmog Canada | Posted 05.25.2015 | Canada Politics
DeSmog Canada

A report released today by the University of Victoria's Environmental Law Centre calls for sweeping reform of Canadian charitable law in line with other jurisdictions such as the U.S., Australia, New Zealand and England. Current rules around "political activity" are confusing and create an "intolerable state of uncertainty," the report says.

Revenue Canada Told To 'Stockpile' Some Family Tax Cut Claims

CBC | Posted 05.20.2015 | Canada Business

Some families hoping to cash in on the government's much-hyped family tax cut may have to put their spring spending spree on hold for a few month...

The CRA Might Ask You to Prove Custody of Your Kids

Caroline Battista | Posted 05.19.2015 | Canada Business
Caroline Battista

Single parents with custody receive some substantial tax savings and the Canada Revenue Agency will sometimes ask for proof of custody. Even though your children obviously live with you, you need to prove it to the CRA if they ask. They may want a third-party confirmation so be prepared if they come asking.

Liberals: CRA Misleading Taxpayers

CBC | Posted 05.17.2015 | Canada Business

The federal Liberal party's national revenue critic says Conservative cuts to the Canada Revenue Agency are hurting service and confusing taxpaye...

Avoid These 5 Mistakes Students Make During Tax Time

Caroline Battista | Posted 05.05.2015 | Canada Business
Caroline Battista

There is a belief that if you don't earn money or get a refund then it is not worth filing a tax return. This is wrong. If you are planning to get a career, you are going to pay income tax so all of those tuition and education credits will come in handy later. Even if you don't plan on paying income tax in the near future, there are federal and provincial benefits that come as of a result of your tax filing.

Revenue Canada's Call Centres Giving Bad Tax Advice: Report

CBC | Posted 04.10.2015 | Canada Business

One of every four business callers who ask for tax help from the Canada Revenue Agency’s call centres gets bad information, an internal survey sugge...

CRA's Text Message Destruction Should Be Probed: NDP

CP | Jim Bronskill, The Canadian Press | Posted 03.21.2015 | Canada Politics

OTTAWA - A New Democrat MP is raising the spectre of a political coverup in asking the federal information watchdog to investigate the Canada Revenue ...

Canada Revenue Agency Eyeing Web Page To Counter Negative Coverage

CP | Steve Rennie, The Canadian Press | Posted 03.20.2015 | Canada Business

OTTAWA - The Canada Revenue Agency wants to set the record straight when journalists fail to include its upbeat take in their stories.A new document s...

How To Avoid Getting Stung By Tax-Time Scams

Caroline Battista | Posted 03.07.2015 | Canada Business
Caroline Battista

The CRA will never ask for a credit card number, passport number, driver's license number or health card number. If it isn't information you normally provide with a tax return, the CRA won't ask you for it -- much less, as one scam goes, ask you to leave the information on an answering machine.

Feds Hound Senior With Dementia, Parkinson's For $12K In Taxes

CBC | Posted 02.03.2015 | Canada British Columbia

The Canada Revenue Agency is demanding thousands of dollars from a B.C. senior, who suffers from dementia and Parkinson's disease, for failing to decl...

CRA Accidentally Discloses Famous Canadians' Tax Info

CP | The Canadian Press | Posted 01.26.2015 | Canada Business

TORONTO - The Canada Revenue Agency confirmed late Tuesday that it has accidentally disclosed confidential taxpayer information to the CBC.The agency ...

CRA Decides Its Threatening Letters To Canadians Are Nonsense

CBC | Posted 12.29.2014 | Canada Business

The next time you puzzle over an indecipherable letter or notice from the Canada Revenue Agency, don't blame yourself: even the tax department a...

CRA Engaged In 'Political Retribution' Against Harper Critics: Think Tank

CP | Stephanie Levitz, The Canadian Press | Posted 12.21.2014 | Canada Business

OTTAWA - A left-leaning think tank is raising new questions about the possibility of political interference in audits of charities.The Broadbent Insti...

Harper Rejects Claim Gov't Targeting Birdwatchers

CBC | Posted 12.20.2014 | Canada Business

Prime Minister Stephen Harper rejected claims Monday that his government has targeted a small group of birdwatchers for their political activities, sa...

CRA Now Trying To 'Gag'.. Birdwatchers?

CBC | Posted 12.16.2014 | Canada Business

A small group of nature lovers in southern Ontario enjoy spending weekends watching birds and other wildlife, but lately they're the ones under ...

CRA "Gotcha" Audits Need to Stop

Blake Bromley | Posted 12.12.2014 | Canada Politics
Blake Bromley

When government or industry officials want a charity closed down, they have little interest in the way they achieve revocation. All they care about is whether, at the end of the audit, they can raise their martini glasses and say GOTCHA.

54,000 Canadians Snared By TFSA Rule

CP | Dean Beeby, The Canadian Press | Posted 10.11.2014 | Canada Business

OTTAWA - A tricky rule keeps tripping up thousands of Canadians who make withdrawals from their tax-free savings accounts, and replace the money too e...