CRA

How to Get a Refund on Your GST

ON February 16, 2018

If you operate a Canadian business and are registered for the GST/ HST, did you know that you can get back the GST/ HST paid during a given reporting period? You can, if you claim it through Input Tax Credits (ITCs) on your GST/ HST return. What are Input Tax Credits? What are Input Tax […]

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Steps To Avoid Tax-Return Identity Theft

ON August 8, 2017

No one wants to fall victim to a phishing scam, especially one that involves the Canada Revenue Agency. In case you haven’t already heard, hackers are pretending to be from the CRA in a clever guise to get ahold of taxpayers’ personal information, like a credit card, bank account, passport, and social insurance numbers. If […]

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Going Green Can Help You Save On Your Taxes

ON July 13, 2017

Protecting the environment is on everybody’s mind these days. The message of preserving Mother Earth is starting to hit home, and more and more Canadians are doing their part to lessen the environmental burden and reduce our carbon footprint. Recycling at home and at work, purchasing eco-friendly products, and saving energy are all important steps […]

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Summer Job Tax Tips

ON June 6, 2017

If You Read One Article about Summer Job Tax Tips This Year, Read This One Getting a post-secondary education doesn’t come cheap. It’s one of life’s big expenses that many students have to be prepared for. Whether you are paying everything upfront or taking out a student loan, you’ll want to do all that you […]

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Tax Payment and How to Pay Your Taxes

ON February 3, 2017

Tax season is just around the corner. And even though April is still a few months away, it’s never too early to get a head start on filing your taxes. If you have already finished preparing your return and realize you owe the Canadian Revenue Agency (CRA), there are a number of tax payment solutions […]

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Tips for Maximizing Your Charitable Donation Tax Credits

ON November 8, 2016

Canadians are a giving lot, opening our wallets and our hearts whenever we can. And why not? Donating to charity is not only a great way to get more involved in the community, but also helps us feel terrific. And if that wasn’t incentive enough, your donation can also generate a nifty tax break. Planning […]

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How to Pay Yourself as a Small Business Owner?

ON July 25, 2016

As the owner of a Canadian small business, you will want to know the different ways you can pay yourself. After all, it’s part of the benefits of the “be your own boss thing,” right? When it comes to enjoying the fruits of your labour, there are a few ways to do this. So, without […]

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What Happens If You Fail To File You Taxes On Time?

ON March 23, 2016

Are you freelancer? Do you own your own business? Then there is no doubt you’ve got your hands full—calling the shots, making the schedule, and meeting the needs of your customers. With so much going on, it can be easy to forget to file your taxes on time. Sadly, putting your taxes on the back […]

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RRSP Deadline for 2010

ON February 7, 2011

This year, the deadline for making RRSP contributions towards your 2010 tax year is Tuesday, March 1, 2011.  The maximum amount that you can deduct for the year will be identified on last year’s notice of assessment.  Also, a reminder not to purchase excessive RRSP’s.  If you exceed your contribution limit by more than $2000, […]

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CRA letter writing campaign?

ON January 18, 2011

The Canada Revenue Agency has advised that they are once again conducting a letter writing campaign to Canadians to remind them of their tax obligations that is set to begin in early 2011.  Below is an excerpt from their notice to the Institute of Chartered Accountants of BC.  Should you receive such a letter and […]

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