CRA Data Breeches Put Taxpayer Information at Risk
An important deadline is coming up, around the same time that Canadians get ready to file their 2026 tax returns at the start of tax season 2027. Since 2020, more than 42,000 data breaches have occurred at the CRA. A class action lawsuit was launched in 2020 and a $8.76 million settlement was reached. Eligible Canadians affected by these security incidents can now submit claims through the KPMG Claims Portal until February 3, 2027.Expertly Handle Cross Border Taxation Issues for Your Clients This Tax Season
Be prepared to discuss cross border taxation with a comprehensive general knowledge, as well as recognize and advise on how certain actions on both sides of the border affect a person’s tax situation. Enrol in Cross Border Taxation by December 4 and save $200 on tax deductible tuition fees.
Maximize Charitable Donation Opportunities Before Year End
Use Knowledge Bureau’s Donations Savings Calculator to help determine the tax savings and after-tax cost of charitable donations. Try a free demo!
Tax Brackets and Personal Amounts Will Increase in 2014
Increases to tax bracket thresholds, amounts relating to non-refundable credits, and most other amounts will take effect on January 1, 2014 based on an indexation increase of 0.9%, CRA has announced.
Bitcoins: CRA’s Take
The Canada Revenue Agency (CRA) recently released an article titled “What You Should Know About Digital Currency”.
Tax Treaty Between Hong Kong and Canada Ratified
The income tax treaty that was first signed on November 11, 2012 between Hong Kong and Canada (the Treaty) was officially ratified and declared in force as of October 29, 2013.
Claiming Home Office Costs – Plan Carefully for Year End
Can employed and self-employed people claim the same expenses for home offices at tax time? The answer is no. Whether you are employed or self-employed matters; the following checklist can help you determine where your deductions fit.
