Average refund so far is $1,440
SME owners said service getting worse
Beware of interest payment dates, Golombek says
Quick Access for individuals, a new e-service which provides basic tax information for Canadians Online, was launched Thursday by the Canada Revenue Agency.
Searches conducted in over 50 locations
Dubé to ensure Canadians receive a high standard of service from CRA
The Canada Revenue Agency today issued a reminder on the federal government’s new pension income splitting tax measure.New tax rules allow eligible taxpayers to allocate up to half of their eligible pension income (income that qualifies for the pension income tax credit) to their lower-earning spouse or common-law partner when filing 2007 income tax returns.To […]
The Canada Revenue Agency announced today that the maximum pensionable earnings under the Canada Pension Plan (CPP) for 2008 will be $44,900. That’s up from $43,700 in 2007.The new ceiling was calculated according to a CPP legislated formula that takes into account the growth in average weekly wages and salaries in Canada.Contributors who earn more […]
Tax-sheltered gifting arrangements subjected to audits
Among the items the CRA wants to scrutinize carefully are RRSP contributions and charitable donations