What the CRA Said
Lower-income renters in Canada can now apply for a one-time $500 top-up to the Canada Housing Benefit Canadians must meet all the following conditions to be eligible for the new benefit: have filed a 2021 tax return; be at least…
Embracing the Future: Navigating the Evolving Financial Landscape: J5 Cyber Challenge & Shajani CPA’s Global Experience
As a tax professional, I'm excited to discuss the recent J5 Cyber Challenge hosted by the Canada Revenue Agency (CRA) in Ottawa. This innovative event united experts from around the world to combat tax fraud and money laundering related to…
T4A – Statement of Pension, Retirement, Annuity and Other Income
Commissioned salespeople are often used to mitigate costs and incentivize sales within an organization. While considered self-employed, if your organization utilizes commissioned salespeople, your organization should be completing a T4A for them. A T4A slip is an information return that…
Understanding the CRA’s New Mandatory Disclosure Rules: Implications for Family-Owned Enterprises and High-Net-Worth Individuals
The Canada Revenue Agency's (CRA) new Mandatory Disclosure Rules add complexities to tax planning and reorganizations. These rules are pivotal for family-owned enterprises and high-net-worth individuals engaged in sophisticated tax planning strategies. Overview of the New Rules: Background: The CRA…