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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...