The Canada Revenue Agency announced that the maximum pensionable earnings under the Canada Pension Plan for 2012 will be $50,100-up from $48,300 in 2011. 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 $50,100 … Read more
The Canada Revenue Agency announced that Timothy Toole of Mississauga, ON, pleaded guilty on October 25, 2011 in the Ontario Court of Justice in Brampton to eight counts of failing to file personal income tax returns, and seven counts of failing to file goods and services tax returns. He was fined $1,000 per count, for … Read more
The Canada Revenue Agency announced that Veronika Topic, of Brampton, ON, pleaded guilty in the Ontario Court of Justice in Brampton to four counts of failing to file corporate Income Tax Returns. She was fined $1,000 per count for a total of $4,000. Ms. Topic was given six months to pay the fine. Call 416-952-8051.
National Revenue Minister Gail Shea (Egmont, PE) joined the government in celebrating Canada's first annual National Seniors Day. Shea said it's also a great opportunity to highlight some of the government's tax-saving measures that have been successfully lowering seniors' tax bills for years, and continue to be available for 2011. Shea cited pension income splitting, … Read more
National Revenue Minister Gail Shea (Egmont, PE), accompanied by Conservative MP Brian Jean (Fort McMurray-Athabasca, AB) visited the Saprae Creek Fire Hall in Fort McMurray to discuss a new non-refundable tax credit for volunteer firefighters which was passed in the 2011 federal budget. Shea said the credit is one of several measures announced in Budget … Read more
National Revenue Minister Gail Shea (Egmont, PE), accompanied by Aboriginal Affairs and Northern Development Minister John Duncan (Vancouver Island North, BC), attended the annual general meeting of the Canadian Volunteer Fire Services Association to promote a new tax credit for volunteer firefighters. Shea also had the opportunity during the meeting to present the CVFSA Lifetime … Read more
The Canada Revenue Agency announced the prescribed annual interest rates for the fourth calendar quarter that will apply to any amounts owed to the CRA and to any amounts the CRA owes to individuals and corporations. These rates are calculated quarterly in accordance with applicable legislation and will be in effect from October 1, 2011 … Read more
National Revenue Minister Gail Shea (Egmont, PE) announced that all Canadians who were affected by the recent tornado in Goderich, ON, or were impacted by Hurricane Irene will be eligible for taxpayer relief provisions through the Canada Revenue Agency if they are unable to meet their tax obligations because of these natural disasters. Shea said … Read more
National Revenue Minister Gail Shea (Egmont, PE), accompanied by Conservative MP Ray Boughen (Palliser, SK), visited the Neil Balkwill Civic Arts Centre in Regina to promote the children's arts tax credit, a new non-refundable credit passed this year in the 2011 federal budget. Boughen said the children's art tax credit will make it possible for … Read more
National Revenue Minister Gail Shea (Egmont, PE), accompanied by Conservative MP Harold Albrecht (Kitchener-Conestoga, ON) visited the St. Jacobs Fire Department in Woolwich Township, ON, to promote a new tax credit for volunteer firefighters, a new non-refundable tax credit passed in the 2011 federal budget. The non-refundable tax credit is available to any volunteer firefighter … Read more
