National Revenue Minister Gail Shea (Egmont, PE) encourages all Canadians to donate wisely during the holiday season. Shea said that Canadians have a long and proud history of giving generously to others, especially at this time of year. Shea added that the government is constantly looking at ways to improve tax laws to help Canadians … Read more
Changes to the way employers deduct Canada Pension Plan contributions are coming into effect in January 2012. The full release is available online. Call 613-941-6269.
The Canada Revenue Agency announced the prescribed annual interest rates will apply to any amounts owed to the agency and to any amounts the agency owes to individuals and corporations. These rates are calculated quarterly in accordance with applicable legislation and will be in effect from January 1, 2012 to March 31, 2012. Call 613-952-9184.
The Canada Revenue Agency will revoke the charitable registration of the Canadian Foundation for Tamil Refugee Rehabilitation, a Toronto-area charity. The notice of revocation will be published in the Canada Gazette with an effective date of December 10, 2011. On November 7, 2011, the Canada Revenue Agency issued a notice of intention to revoke the … Read more
The Canadian Revenue Agency is notifying the public that if you file your GST/HST return using NETFILE, or if you want to file a public service bodies' rebate electronically with your GST/HST return, you can now get your web access code online. You do not have to wait for it to arrive in the mail. … Read more
The Canada Revenue Agency warns all Canadians to beware of individuals who try to convince Canadians that they do not have to pay tax on the income they earn. These individuals, also known as tax protesters, not only fail to report earnings, but also conspire, counsel, and promote these tax schemes. The Canada Revenue Agency … Read more
The Canada Revenue Agency announced that Brothers & Wright Electrical Services Inc, of Markham, ON, pleaded guilty on November 22, 2011 to one count of evading GST under the Excise Tax Act, and one count of federal income tax evasion under the Income Tax Act in the Ontario Court of Justice in Newmarket. The company … Read more
Etobicoke Motors Inc., formerly of Toronto but currently located in Mississauga, pleaded guilty in the Ontario Court of Justice in Toronto on November 16, 2011, to four counts of income tax evasion, and 16 counts of GST evasion. The company was sentenced to a $ 128,720 fine which was paid immediately. The fine is in … Read more
he Canada Revenue Agency has revoked the charitable registration of Malvern Rouge Valley Youth Services, a Toronto-area charity. The notice of revocation was published in the Canada Gazette with an effective date of November 12, 2011. An audit revealed that the organization had devoted a significant portion of its resources to the promotion of the … Read more
National Revenue Minister Gail Shea (Egmont, PE) and British Columbia Finance Minister Kevin Falcon are pleased to announce the launch of the Trade School Initiative. This educational pilot project was developed to help students become informed tradespersons in the construction and renovation industry. Shea said it is important to educate students on their tax entitlements … Read more
