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Industry NewsAvoid last minute delays at tax time by setting up CRA My Account
If you're looking to avoid last-minute delays and waiting on the phone at tax time, then try our easy-to-use digital services! Through our digital services, you will be able to view your tax and benefit information, and update your Canada Revenue Agency (CRA)...
Investing in cryptocurrency
What is cryptocurrency? A cryptocurrency is a type of virtual asset that is protected using cryptography. It typically uses a system called a blockchain to record and keep a history of transactions. Cryptocurrencies, such as Bitcoin and Ether, are independent, meaning...
Free webinar for incorporated businesses providing services to other entities
If you have incorporated your business, it's important that you know what to do when it comes to your tax obligations. As a personal services business, understanding your filing obligations, eligible expenses, and deadlines is your responsibility. The Canada Revenue...
Income tax service providers – Register for the CRA’s Dedicated Telephone Service this tax season
The Canada Revenue Agency (CRA) offers a Dedicated Telephone Service (DTS) that connects experienced CRA officers with small and medium income tax service providers across Canada. The DTS is designed to help you better understand the different provisions of the Income...
Did you provide your employees a taxable benefit during the pandemic? Here’s what you need to know:
In light of the COVID-19 pandemic, the Canada Revenue Agency (CRA) recognizes that many employers and employees have had to adapt so employees are not unduly exposed to COVID-19 while performing their duties. Recognizing these extraordinary circumstances, the CRA...
Received a T4A slip from CRA? Here’s what you need to know
If you have applied and received COVID-19 benefit payments from the Canada Revenue Agency (CRA) in 2021, this explains why you have received a T4A Statement of Pension, Retirement, Annuity, and Other Income slip. These benefits are taxable, and the information on your...
Get your benefits and credits! Register for our free webinar.
With tax season just around the corner, it's important to know which benefits and credits you may be eligible to receive. The Canada Revenue Agency (CRA) is pleased to offer an interactive webinar. Some of the topics that will be covered include: Canada child benefit...
What is cryptocurrency?
A cryptocurrency is a type of virtual asset that is protected using cryptography. It typically uses a system called a blockchain to record and keep a history of transactions. Cryptocurrencies, such as Bitcoin and Ether, are independent, meaning they do not rely on...
How to verify the CRA has contacted you
With the holidays just around the corner, scammers could contact you pretending to be from the Canada Revenue Agency (CRA). Scammers are trying to trick individuals into making payments, and we're doing everything we can to put a stop to this. That includes letting...
Do you know your GST/HST filing period? Keeping up with your GST/HST returns will help you avoid penalties and interest in the future
As a GST/HST registrant, you must complete a GST/HST return for every filing period, even if you have no business transactions to report or GST/HST to pay. But GST/HST filing periods are not one size fits all. Depending on your business's total annual sales, you may...