National Revenue Minister Gail Shea (Egmont, PE) and Conservative MP Ed Holder (London West, ON) visited the London Children's Museum to promote the new children's arts tax credit, a new non-refundable credit passed this year in the 2011 federal budget. In addition to fitness programs covered by the children's fitness tax credit, parents can now … Read more
National Revenue Minister Gail Shea (Egmont, PE) and Parliamentary Secretary to the Minister of Foreign Affairs Bob Dechert (Mississauga-Erindale, ON) visited Visual Arts Mississauga to promote the new children's arts tax credit, a new non-refundable credit passed in the 2011 federal budget. Shea said parents whose children participate in paid artistic, cultural, recreational, and developmental … Read more
Revenue Minister Gail Shea (Egmont, PE) highlighted the continued growth of the Tax Free Savings Account and thanked the Taxpayers' Ombudsman for the recommendations released in his report entitled "Knowing the Rules." Shea said the Canada Revenue Agency will ensure the Ombudsman's recommendations continue to be implemented to further increase awareness of the Tax Free Savings … Read more
The Canada Revenue Agency announced that Shafiq M. Punjani of Toronto, pleaded guilty in the Ontario Court of Justice in Toronto on July 18, 2011 to 16 counts of failing to file goods and services tax returns. He was fined $1,000 per count, for a total of $16,000, for not filing GST tax returns for … Read more
The Canada Revenue Agency announced that Robert Sproats, of Brampton, ON, was sentenced to 2 months of house arrest after pleading guilty in the Ontario Court of Justice in Brampton on July 15, 2011, to two counts of failing to file personal tax returns. Sproats failed to file personal income tax returns for the 2008 … Read more
Canada Revenue Agency said that on July 14, 2011, Yasmena Hamid, and ACCTAX Services, pleaded guilty in the Ontario Court of Justice in Oshawa to fifty counts of violations under the Tax Rebate Discounting Act. A Canada Revenue Agency investigation revealed that ACCTAX and Hamid overcharged fees for a total of $10,609 on individual T1 … Read more
The Government of Canada's new excise tobacco stamp became mandatory on all tobacco products destined for the Canadian duty-paid market on April 1, 2011. The stamp has been available to tobacco manufacturers since September 1, 2010. The stamp indicates that federal excise duty has been paid and the product was legally manufactured. It has state-of-the-art … Read more
Revenue Minister Gail Shea (Egmont, PE) visited the Kensington Fire Station to promote a new non-refundable tax credit for volunteer firefighters. The Canada Revenue Agency said the non-refundable tax credit is available to any volunteer firefighter who serves at least 200 hours per year at one or more fire departments beginning on January 1, 2011. … Read more
Revenue Minister Gail Shea (Egmont, PE) visited the Confederation Arts Centre in Charlottetown to promote the new non-refundable children's arts tax credit. The Canada Revenue Agency said that parents can now claim money spent on fine arts and outdoor wilderness programs as well as the learning of a new language and studying a different culture … Read more
The Canada Revenue Agency announced that Thomas Silverman of Vaughan, ON, pleaded guilty to one count of fraud over $5,000. A CRA investigation revealed that Silverman registered three businesses for the purposes of claiming fraudulent Input Tax Credits and obtaining GST refunds. The agency said Silverman claimed a total of $4.5 million in fraudulent GST … Read more
