Late Filing Penalties: Talk About It!
While most T1 returns are in the hands of the Canada Revenue Agency (CRA) by April 30, we know many are not. In fact, millions of returns were still outstanding as of mid-May. Late-filing clients they need to know about the consequences, especially if they owe. Here’s a rundown to be aware of:Quickly Estimate Total Taxes Payable
The Income Tax Estimator is a simple calculator that will help quickly and accurately determine the total income, net income, taxable income, non-refundable credits, and taxes payable for either a single taxpayer or a couple. Federal GST/HST Credits and Child Tax Benefit amounts are also estimated.
Audit Defence - Documenting the Client Experience
Consolidate your role as a trusted advocate and steward for your clients. Register by May 15 for early bird rates.
CRA Breach – 900 Taxpayers Affected
CRA reveals that Social Insurance Number data for 900 taxpayers was accessed through its systems due to the Heartbleed bug.
Nova Scotia Provincial Budget
The 2014 Nova Scotia provincial budget was tabled on April 3, 2014. The budget contained no new taxes or credits, but it did contain several adjustments.
Newfoundland and Labrador Provincial Budget
The Newfoundland and Labrador provincial budget was presented on March 27. The budget contained a number of tax changes.
Quebec Provincial Budget
The Quebec provincial budget was delivered on February 20. The budget introduced provincial changes that match the recently-announced federal changes.
