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Mississauga Tax News

The Canada Revenue Agency and Revenu Québec announce measures in support of the community organizations involved in the Volunteer Program

Montréal (Quebec), January 28, 2017 The Honourable Diane Lebouthillier, Minister of National Revenue and Quebec Finance Minister Carlos J. Leitão are happy to announce the creation of a discussion forum in support of the community organizations that are involved in the Volunteer Program. The announcement was made during a volunteer training day held in Montréal.…

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Government of Canada participates in meeting of tax administrations to share findings on Panama Papers

January 20, 2017                       Ottawa              Canada Revenue Agency Hard-working Canadians who pay their taxes to support the social programs that benefit all Canadians are tired of seeing certain wealthy individuals and large corporations not pay their part. This is not fair and has to change. The Honourable Diane Lebouthillier, Minister of National Revenue, today highlighted that…

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Do you own foreign property that needs to be reported to the Canada Revenue Agency? If so, you may be able to take advantage of a new simplified reporting method

Did you know? Taxpayers who own specified foreign property costing more than $100,000 but less than $250,000throughout the year can now file Form T1135, Foreign Income Verification Statement using a new simplified reporting method. This simplified reporting method reduces your paperwork while allowing the CRA to continue to address international tax evasion and aggressive tax…

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5 ways to brighten your financial future

Did you know? November is Financial Literacy Month in Canada. Financial literacy is defined as having the knowledge, skills and confidence to make responsible financial decisions at any stage of your life. The Canada Revenue Agency (CRA) is proud to celebrate Financial Literacy Month and offers the following facts and helpful planning tips. Important facts…

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Teach students about taxes!

Teaching Taxes This product provides secondary school students with information about Canada’s tax system, and their rights and responsibilities as taxpayers. It’s a great tool to help students get it right from the start and meet their tax obligations. The learning material is provided in 180 minutes of in-class instructions and exercises, available in a…

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Beware of scammers impersonating the Canada Revenue Agency

Quick facts The RCMP plays a crucial role in educating the public about scams, and has a number of programs in place to track fraud, including one run by the Canadian Anti-Fraud Centre (CAFC). The CAFC monitors all types of scams, and warns Canadians to be on the lookout for scammers during the upcoming tax…

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What to expect when the Canada Revenue Agency calls you

What to expect when the Canada Revenue Agency calls you Share this page It is possible that the Canada Revenue Agency (CRA) will contact you by phone for legitimate tax reasons. During such phone calls, the CRA officer must validate your identity and therefore will ask for certain personal information, including your date of birth,…

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Did you buy a home in 2015?

Did you know? If you bought your home in 2015, the Canada Revenue Agency (CRA) has tax credits and a program that may help you save money. Home buyers’ amount If you are a first-time home buyer, you may be able to claim an amount of $5,000 for the purchase of a qualifying home in…

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