The Canada Revenue Agency (CRA) announced that Elliot Fromstein, of Keswick, Ont., pleaded guilty, in the Ontario Court of Justice in Newmarket, Ont., to 25 counts of failing to file corporate income tax and GST returns. He was fined $1,000 per count for a total of $25,000. On May 31, 2013, Fromstein pleaded guilty to … Read more
The Canada Revenue Agency announced that, on Dec. 21, 2012, a jury found Najam Mahmood of Mississauga, Ont., guilty of four counts of evading personal income taxes and four counts of failing to remit the Goods and Services Tax (GST). On July 5, 2013, Mahmood, was sentenced, in the Ontario Superior Court of Justice in … Read more
The Canada Revenue Agency (CRA) launched a new video, titled Enhancing Service to Businesses, to provide useful information for business owners on a variety of initiatives aimed at cutting red tape. More information is available online. Call 613-952-9184.
National Revenue Minister Gail Shea (Egmont, P.E.I.) announced improvements to services offered by the Canada Revenue Agency (CRA) based on consultations with small businesses and their tax professionals. In November 2012, the CRA held Red Tape Reduction consultations in seven cities across Canada to help improve services. The CRA met with over 140 small business … Read more
The Canada Revenue Agency (CRA) announced, that over 76 per cent of Canadians filed their income tax return electronically this year, an increase of 17 per cent over last year. As of June 20, 2013, 20 million Canadians took advantage of our electronic filing services, which is up from 17 million this time last year. … Read more
A University of Prince Edward Island professor was fined $30,212 on June 26, 2013 in Charlottetown Provincial Court after pleading guilty to four counts of tax evasion. The fine, which represents 100 per cent of the taxes evaded, must be paid within twelve months. Failure to pay may result in up to 365 days in … Read more
National Revenue Minister Gail Shea (Egmont, P.E.I.) and Citizenship and Immigration Minister Jason Kenney (Calgary Southeast, Alta.) confirmed that taxpayers affected by flooding in Alberta will have until Aug. 2, 2013, to file their returns. The Canada Revenue Agency will proactively adjust the due date for all federal business and other returns filed in Alberta … Read more
Minister of State (Atlantic Canada Opportunities Agency) Gail Shea (Egmont, P.E.I.) announced the launch of a strengthened Foreign Income Verification Statement (Form T1135), one of the Economic Action Plan 2013 measures to crack down on international tax evasion and aggressive tax avoidance. Starting with the 2013 taxation year, Canadians who hold foreign property with a … Read more
The Canada Revenue Agency (CRA) would like to advise taxpayers who have been affected by flooding in Alberta that they will have access to the CRA's taxpayer relief provisions if they are unable to meet their tax obligations. Corporations who are unable to file their T2 returns by July 2 due to flooding can apply … Read more
The Canada Revenue Agency (CRA) would like to advise taxpayers who have been affected by flooding in Fort McMurray, Alberta, and other affected areas, that they will have access to the CRA's taxpayer relief provisions if they were unable to meet their tax obligations. Self-employed individuals and their spouses or common-law partners who are unable … Read more
