Wildfires: Apply for Taxpayer Relief Provisions
It may not be the first concern, but Canadians affected by wildfires may worry at some point about the tax consequences of lost records or missed filing deadlines – the next one on June 16 for those filing T1 returns with proprietorship income. Fortunately, the CRA offers Taxpayer Relief Provisions when there are circumstances beyond a taxpayer’s control, including natural disasters, serious illness or death in the family, or errors made by the CRA, which may trigger penalties and interest due to late or incomplete tax filings. Here’s what you need to know.CRA Issues Fraud Alert
The Canada Revenue Agency (CRA) is warning taxpayers that fraudulent emails have been circulating with increasing frequency lately requesting personal information.
Rethinking Housing Booms and Busts
Will Canada suffer a housing bubble? Will debt crush the mortgage-strapped in the case of global economic change?
Evelyn Jacks: The Basics—What You Need to Know About How Income is Taxed
Why Tax Strategies are So Important in Wealth Advisory Practices
Tax is a trigger for most clients. It’s complicated, time consuming and requires the meeting of a deadline. It’s also very expensive: it is the family’s largest lifetime expense.
T2 Tax Guide Now Available
The Canadian Revenue Agency (CRA) has published its T2 Tax Guide on its website.
Where are T7DR(A) Tax Remittance Forms?
No paper means no tax remittance forms...
