The agency announced the prescribed annual interest rates 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 January 1, 2011 to March 31, 2011. The interest rate … Read more
National Revenue Minister Keith Ashfield (Fredericton, NB) is encouraging all Canadians to donate wisely this holiday season and make sure the charities they donate to will use the donated funds in a manner acceptable to the donor. Call 613-952-9184.
On November 26, 2010, Faiz Khan of Markham, was given a conditional sentence of two years less a day in the Ontario Court of Justice in Toronto, following a conviction of one count of fraud over $5,000. Khan participated in a tax scheme that involved the preparation and filing of false tax returns claiming a … Read more
National Revenue Minister Keith Ashfield (Fredericton, NB) made a statement that he has accepted the recommendations made by the Taxpayers' Ombudsman in his report, called The Right to Know. The full statement is available online. Call 613-952-9184.
The agency is reminding taxpayers and all tax registrants that they have until December 31, 2010 to file requests under the taxpayer relief provisions for the 2000 tax year and any reporting period that ended during the 2000 calendar year. The full release is available online. Call 613-952-9184.
Minister of National Revenue Keith Ashfield (Fredericton, NB) announced the launch of the Government of Canada's advertising campaign promoting the 100 per cent capital cost allowance rate for computers. The full release is available online. Call 13-952-9184.
National Revenue Minister Keith Ashfield announced that the Canadian government is taking action to crack down on people who exploit offshore accounts. Call 613-995-2960.
National Revenue Minister Keith Ashfield stated that the Canada Revenue Agency's tax relief measures are available to taxpayers affected by Hurricane Igor in Newfoundland and Labrador. The full release is available online. Call 613-957-3522.
Dr. Johannes (Jack) Klundert, a Windsor optometrist, was sentenced by Justice Terry Patterson in Superior Court of Justice in Windsor to one year in jail and a fine of $522,346 after a jury found him guilty of tax evasion on May 20, 2010. Call 416-952-8051.
The Canada Revenue Agency announced changes to the requirements for filing partnership information returns. Starting in 2011, the requirement related to the number of partners in a partnership will be replaced with a new requirement based on financial activity. The full release is available online. Call 613-952-9184.
