News Room

June 30 Tax Deadline is Looming for Non-Residents

An important deadline is approaching for non-residents with certain Canadian-source income. June 30 is the deadline to file elected returns under Section 216 (pertaining to rental income) and Section 217 (pertaining to Canadian source pension income). There may be significant consequences for missing this deadline as returns received after this date, generally aren’t accepted. Here’s what you need to know:

New Brunswick Provincial Budget

The New Brunswick provincial budget was delivered on February 4. The budget reduces the deficit but a balanced budget is not expected until 2017. The budget promised a 3% increase in social assistance rates beginning in April.

Other Provinces and Territories

Provincial and territorial budget dates have yet to announced for Ontario (expected the first week in May), Prince Edward Island (expected soon after the legislature opens in April), and Nunavut (expected late in May),

Provincial Taxation of Small Business Dividends in 2014

Because of the way that dividends are taxed, both at the federal level and the provincial level, the amount of tax payable on a given dividend depends of the taxpayer’s taxable income (as well as their province of residence).

Evelyn Jacks: Claiming Moving Expenses

It’s crunch time when it comes to tax filing. Most taxpayers will have received all their T slips – T4s, T3s, T5s, etc. and now it’s time to actually get it done.

Are We Richer Now Than We Were 30 Years Ago?

There has been a lot said and written about the state of the middle class, with some people claiming that we are worse off now than we were 30 years ago.

IRS to Tax Bitcoins and Other Virtual Currencies Like Property, Not Currency

Virtual currencies are becoming more and more popular and tax authorities throughout the world are considering how to handle them.
 
 
 
Knowledge Bureau Poll Question

According to CRA, Canadians experience improved service delivery and responsiveness from the CRA this tax season. Do you agree?

  • Yes
    10 votes
    8.13%
  • No
    113 votes
    91.87%