It is nice to receive a cheque from the government but a tax refund is not good, because you are only receiving your own money back. Your tax refund is money you have overpaid the government during the year. You want to pay the right amount of tax during the year, rather than give the government an interest-free loan.

The federal government needs to take steps to stop tax cheaters from hiding their money in offshore havens, a parliamentary committee maintains in a r...

The Canada Revenue Agency’s total uncollected tax debt has soared about 60% to $29-billion in the past seven years, at the same time the cost of “...

Filing your tax return may seem like an unnecessary task if you earned little to no income during the year. Or if you are expecting a refund, your attitude may be that there is no rush to file by the April 30 tax deadline. However, there are some very good reasons to file your tax return on time every year.

When it comes to dealing with money, there are two simple ways to break it down: things you can control and things you can't. Once you understand the things that you can control, the next thing is to "try" not to worry about the things you can't. Here are my top five ways to take control.

OTTAWA - Wealthy Canadians with money stashed overseas have come forward in droves to confess their misdeeds after secret lists began circulating with...

OTTAWA - The federal government is tightening up tariffs on imported products such as televisions and iPods that receive a special exemption when used...

UPDATE: The Canada Revenue Agency says it wants to look into the 450 Canadian names in leaked documents linking thousands of people to offshore tax ha...

No matter how your academic career ends, there comes a point when you join the workforce and (hopefully) start earning a regular paycheque. Earning income means you have the privilege of paying income tax. It may not be your first thought, but tax planning is an important part of a financial plan.

There are many different types of tax preparers but one of the most trusted is mom and dad. Many younger Canadians rely on parents to help them file their first tax returns, but there does come a time when you need to take control of your tax return and learn how to prepare it yourself.

It is not exactly a date marked on every calendar, but February 11 is the official start of tax season. It is the day the Canada Revenue Agency opens its electronic filing system for 2012 returns. There have been some changes to NETFILE this year to make life a little easier. Here's what they are.

Not everyone likes February. It can be cold and snowy, and it is the official start of tax season, so it is easy to see why it may get a bad rap. But the end of the month is also the deadline for Canadian employers to issue T4 slips, and they can lead to a tax refund.

I'm speaking, of course, of the Ontario Interactive Digital Media Tax Credit, or OIDMTC for short(er). This is a largely untapped provincial credit for which awareness and comprehension is low, but which can be a game-changer for SMEs; one Ontario online-gaming company recently received a cash refund of $1.4 million, which they were able to reinvest in the company to purchase new equipment, hire new staff and expand services.

A Richmond, B.C., company has been fined $100,000 for selling software to help businesses hide their income. InfoSpec Systems Inc. was fo...

Every so often, Public Works Minister Rona Ambrose sits at her desk, takes pen in hand, and in her role as Receiver General, writes a let...

Most people know that if they file their personal tax return after the deadline, they’ll be assessed a penalty – five per cent of the...