The Canada Revenue Agency issued a release on tax saving tips for tradespersons. The agency said if you were an employed tradesperson in 2012 (including an eligible apprentice mechanic), you may be able to deduct up to $500 of the cost of eligible tools bought to earn your employment income. The full release is available … Read more
National Revenue Minister Gail Shea (Egmont, P.E.I.) was awarded the Canadian Federation of Independent Business' (CFIB) Golden Scissors Award for introducing measures that improve services at the Canada Revenue Agency (CRA) and reduce the burden placed on small businesses, as part of the federal government's Red Tape Reduction Action Plan. A panel of judges, comprised … Read more
The Canada Revenue Agency administers the Scientific Research and Experimental Development (SR&ED) tax incentive program on behalf of the federal government. The agency is committed to informing businesses in Canada about available incentives, making them easily accessible, and managing the SR&ED program with fiscal integrity. More information is available online. Call 613-952-9184.
The federal government has extended the Hiring Credit for Small Business (HCSB) for 2012. The 2011 federal budget created the HCSB to create jobs, grow the economy and support small businesses. Canadians who are self-employed, may be eligible for the hiring credit for small business. This credit gives small businesses relief from the employer's share … Read more
National Revenue Minister Gail Shea (Egmont, P.E.I.) and Parliamentary Secretary to the Minister of Human Resources and Skills Development and to the Minister of Labour Kellie Leitch (Simcoe-Grey, Ont.) took part in economic consultations with local community and business leaders in Georgetown, P.E.I. These consultations were aimed at engaging Canadians in discussions about their priorities … Read more
National Revenue Minister Gail Shea (Egmont, P.E.I.) accompanied by Conservative MP Robert Goguen (Moncton-Riverview-Dieppe, N.B.) announced new red tape relief for Canadian companies as part of the government's commitment to support jobs, growth, and long-term prosperity. Shea unveiled the introduction of "Agent ID," a new addition to the CRA's business enquiries telephone service. The Agent … Read more
National Revenue Minister Gail Shea (Egmont, P.E.I.) took part in economic consultations with members of the local business community. These consultations were aimed at engaging Canadians in discussions about their priorities and ideas for achieving the best use of taxpayers' dollars in the lead-up to the 2013 budget. More information is available online. Call 613-995-2960.
The Canada Revenue Agency will revoke the registration of International Fellowship Mission Inc., a Saskatoon-based charity. The notice of revocation will be published in the Canada Gazette with an effective date of Jan. 12, 2013. More information is available online. Call 613-952-9184. The Canada Revenue Agency will revoke the registration of Trinity Divine Outreach Ministries, … Read more
The Canada Revenue Agency announced that Clarke and Mary Margaret Webster pleaded guilty in the Superior Court of Justice in Ottawa on Jan. 7, 2013, to one count each of tax evasion. Clarke Webster was sentenced to a one-year conditional sentence, including six months of house arrest and fined $263,811. Mary Margaret Webster was sentenced … Read more
The Canada Revenue Agency announced that on Dec. 12, 2012, John S. Wilson and Liskeard Lumber Limited, both of Temiskaming Shores, Ont., pleaded guilty in the Ontario Court of Justice in Haileybury to three counts of tax evasion. The total fine amounted to $116,349 which represents 75 per cent of the taxes evaded. In addition … Read more
