The Canada Revenue Agency (CRA) confirms it accidentally disclosed confidential taxpayer information to a reporter. The CRA acknowledges that the release of personal information constitutes a serious breach of privacy. The document was accidentally released to the CBC through human error. When the CRA became aware of the breach, CRA officials immediately contacted the CBC to inform them … Read more
Each year, certain personal income tax and benefit amounts are indexed to inflation using the Consumer Price Index data as reported by Statistics Canada. Increases to tax bracket thresholds, amounts relating to non-refundable credits, and most other amounts will take effect on Jan. 1, 2015. However, increases to the Canada child tax benefit (including the national … Read more
National Revenue Minister Kerry-Lynne D. Findlay (Delta-Richmond, B.C.) was in Delta, B.C. to speak with local business owners as part of a red tape reduction roundtable hosted by the Delta Chamber of Commerce. The Canada Revenue Agency is conducting consultations with small and medium-sized businesses, their accountants, and bookkeepers on progress to date in reducing red tape as … Read more
National Revenue Minister Kerry-Lynne D. Findlay (Delta-Richmond, B.C.) hosted the inaugural meeting of the new Underground Economy Advisory Committee. The advisory committee, comprised of representatives from key industry stakeholder organizations representing a broad cross-section of the Canadian business community and tax professions, is the first of its kind. The advisory committee will provide Findlay and … Read more
National Revenue Minister Kerry-Lynne D. Findlay (Delta-Richmond, B.C.) celebrated National Philanthropy Day by applauding the many Canadians across the country who choose to donate to charities and is encouraging them to take advantage of the tax credits available for eligible charitable donations. The full release is available online. Call 613-995-2960.
National Revenue Minister Kerry-Lynne D. Findlay (Delta-Richmond, B.C.) announced upcoming consultations to support the Disability Tax Credit Promoters Restrictions Act, a private members bill initiated by Conservative MP Cheryl Gallant (Renfrew-Nipissing-Pembroke, Ont.). The Act limits fees that can be charged for helping to complete a disability tax credit request, and ensures that more money remains with persons … Read more
The Canada Revenue Agency announced that the maximum pensionable earnings under the Canada Pension Plan (CPP) for 2015 will be $53,600-up from $52,500 in 2014. 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 than … Read more
As Small Business Week 2014 draws to a close, National Revenue Minister Kerry-Lynne D. Findlay (Delta-Richmond, B.C.) commits to continuing to cut red tape for small businesses, directed by comprehensive feedback from taxpayers. The CRA’s 2014 Red Tape Reduction consultations are ongoing now, in partnership with the Canadian Chamber of Commerce and the Canadian Federation of Independent … Read more
National Revenue Minister Kerry-Lynne D. Findlay (Delta-Richmond, B.C.) met with Nirmala Sitharaman, India’s Minister of State for Commerce and Industry and Minister of State for Finance and Corporate Affairs, to confirm their shared commitment to strengthening the current economic links between Canada and India. The ministers’ meeting touched on continuing international cooperation and collaboration on tax administration … Read more
National Revenue Minister Kerry-Lynne D. Findlay (Delta-Richmond, B.C.) was in Ottawa yesterday to highlight the government’s progress on red tape reduction, and kick off the Canada Revenue Agency’s (CRA) 2014 red tape reduction consultations with small and medium-sized businesses. The full release is available online. Call 613-995-2960.
