Tax News

Tax News2022-12-31T14:51:19-08:00

Catching Up on Past Due Tax Returns

Our tax services include catching up on tax returns from past years that haven’t been filed yet for both individuals and businesses

This is a big part of our business! We support our clients through-out the year by preparing past due tax returns. The CRA only requires taxpayers to catch up for the […]

New Canada Dental Benefits for Children

Seeing a dental care professional is important not only for oral health, but for overall health. In Canada, a third of people do not have dental insurance, leaving many unable to visit an oral health professional to get the dental care they need.

On December 1, the Government of Canada announced that applications for the new […]

GST Rebates Temporarily Increased

The first of the Government of Canada’s new financial support measures took effect on November 4, 2022 with the additional one-time goods and services tax credit (GST credit) payment.

This additional one-time payment will double the GST credit for six months for those who receive it, to help make life more affordable.

GST credit recipients do not […]

CRA Changes for 2020

The CRA has made some changes for 2020, in light of the special circumstances during the COVID 19 pandemic

COVID-19 federal and provincial benefits

These appear on a T4A slip in boxes 197 to 204 and are reported on line 13000 as taxable income.

The Canada Recovery Benefit (T4A box 202) is subject to a social benefits repayment (line […]

You should digitize your tax documents

Why Digitize?

While paper documents were preferred by the CRA for many years, they have since opened up the opportunity to submit documents through their website, which means they will accept digital copies. Please refer to the following CRA article

We recommend digitizing all tax documents:

a.   they can be stored more easily on your computer hard drive […]

1.   Pre-Processing and Post Processing Reviews

The Canada Revenue Agency (“CRA”) may ask for supporting documents after you have submitted your personal and/or business tax returns. These requests may come in the form of a Pre-Processing Review or a Post Processing Review. These requests typically tell you what they need to see, but only in a very general way; there is […]

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