News
Industry NewsWarning: Watch out for TFSA maximizer schemes
The Canada Revenue Agency (CRA) is warning Canadians about participating in tax schemes where promoters are claiming that individuals can transfer funds out of their registered retirement savings plan (RRSP) or registered retirement income fund (RRIF) into a tax-free...
Warning: Watch out for tax shelter gifting schemes
The Canada Revenue Agency (CRA) is warning Canadians about getting involved in tax shelter gifting arrangement schemes. Promoters, including some representatives, tax preparers and investment professionals, are encouraging their clients to participate in gifting...
The CRA is now accepting grant applications from organizations that host free tax clinics
From May 1 until June 30, 2021, the Canada Revenue Agency (CRA) will accept grant applications from community organizations that offered free tax clinics in 2021 through the Community Volunteer Income Tax Program (CVITP) and the Income Tax Assistance – Volunteer...
CRA Warns About Tax Fraud
The Canada Revenue Agency (CRA) is warning Canadian taxpayers and their representatives about creating or ignoring fake documents, fake loans, and fake business agreements in order to get around the Income Tax Act or the Excise Tax Act. These actions, even if...
Do you work in the gig economy? Here’s what you need to know
What is the gig economy? The gig economy is based on temporary and freelance work, or short-term contracts. If you are connecting with clients through online platforms or applications (apps) such as Clickworker, Crowdsource, or Fiverr to provide them with your...
Upcoming Events From CRA
Webinars The Canada Revenue Agency (CRA) is pleased to host free webinars on a variety of subjects. Click on the button below to register to attend as new events become available! Register Free webinar on Wednesday, May 26, 2021: Automobile and motor vehicle...
Join us April 26
The Canadian Payroll Association is hosting a special three-hour webinar this April. Diversity, Equity and Inclusion in the Workplace is designed to help organizations and employees learn the skills and behaviours that will foster an inclusive culture. After...
Canadian Payroll Association
Attend our upcoming webinar, Dispelling the Myths on Conditions of Employment, and find out whether your organization has any obligation to complete the T2200 and the TP-64.3 forms and what information should be included on them. Get all the latest information on this...
The Canada Revenue Agency’s payroll podcast
Episode 3: Parking as a taxable benefit The Canada Revenue Agency (CRA) is pleased to announce the third episode of its payroll podcast, aimed at the payroll community and employers in general. In this episode, we continue our four-part conversation on taxable...
ASP Today
Electronic Payment Resource For Accounting Professionals How to Survive the Tax Season Brace yourselves; tax season is almost in full swing. We can almost hear the eye rolls from our ASP partners who are all thinking “like I need a reminder about tax season, the pile...