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Tuesday, December 12, 2017
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CRA announces electronic filing requirements for GST and HST

Beginning July 1, 2010, all gst/hst registrants with annual taxable supplies over $1.5 million (in addition to some other less common situations contained within...

The Goverment Gives Long-Haul Truck Drivers Additonal Tax Benefits

On December 28th, 2009 the Minister of Finance announced that the eligible deduction portion of meal expenses for long-haul drivers will be increased to...

Flaherty Announces New Automobile and Expense Rates for Business

On December 31th, 2009 the Minister of Finance announced the following items: The capital cost allowance cap of $30,000 (plus applicable taxes) for passenger vehicles...

The Case For A Canadian Flat Income Tax System

Maureen Bader at the Canadian Taxpayers Federation makes the case for a flat Canadian Tax citing stats from 2004 Statcan data. The short article can...

CRA Announces Interest Rates For The First Quarter

CRA has announced their interest rates for the first quarter of 2010. The rates include both the penalty rates for overdue balances as well...

CRA’s New Mandatory E-Filing Requirements For Corporations

The CRA has announced that for year-ends ending after January 2009 all corporations with revenues in excess of $1 million will be required to...

CRA Is Now Offering Online Payment Services

It's been a long time coming, but The Canada Revenue Agency is now offering electronic payments for individuals and businesses. Their new MyPayment system allows...

Home Renovation Tax Credit – What Qualifies?

On January 27th, 2009 Jim Flaherty, Federal Finance Minister announced the introduction of the Home Renovation Tax Credit. The non-refundable tax credit is calculated...