Tax Obligations for Ridesharing and Delivery Service Drivers in Canada Revised – Tax obligations for commercial ridesharing and delivery service The Canada Revenue Agency (CRA) has released a revised guide on tax obligations for individuals involved in commercial ridesharing and…
Small businesses are the backbone of our economy, yet they are being crushed under the weight of rising costs. Restaurants Canada, alongside other national business associations, is urging the federal government to act on a pivotal report titled "On the…
Supporting Affordable Housing: Apply Now for the GST/HST Rebate for Purpose-Built Rentals Supporting affordable housing: apply now for the GST/HST rebate for purpose-built rentals The Canada Revenue Agency (CRA) has announced a new initiative to support affordable housing across Canada…
Receiving a tax audit notice from the Canada Revenue Agency (CRA) can be a stressful experience, especially for families with family-owned enterprises. However, with the right approach and professional guidance, you can navigate this process smoothly and favorably. Here’s a…
The CRA has admitted to a glaring mistake involving erroneous late filing penalties on trusts—an error that should never have occurred and one that will impact the trust in communications received from their office. Buried in their release on new…
Streamlining Access to CRA Services: A Look at the New Document Verification Option The CRA is making it easier to access its digital services The Canada Revenue Agency's New Identity Verification Process On April 11, 2024, the CRA announced a…
Canada Revenue Agency’s Disability Advisory Committee Submits 26 Recommendations in its fourth annual report While the Canada Revenue Agency (CRA) casts its Disability Tax Credit (DTC) efforts in a favorable light in its latest press release, the 2023 annual report…
The recent rollout of new tax-filing requirements by the Canada Revenue Agency (CRA) underscores a classic case of good intentions paved with bureaucratic inefficiency. Aimed at curtailing tax evasion and money laundering, the CRA has broadened its reach, ensnaring everyday…
Canada Revenue Agency Enforces Tax Integrity: A Recent Conviction Highlights the Importance of Accurate Tax Filings In a recent enforcement action that underscores the importance of integrity within Canada's tax system, the Canada Revenue Agency (CRA) has brought to light…
Canada's 2024 Automobile Deduction Limits and Expense Benefit Rates for Businesses Announced Government of Canada Announces 2024 Automobile Deduction Limits and Expense Benefit Rates for Businesses 2023-12-18 15:15 The Department of Finance Canada has released the updated automobile income tax…