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Ontario Income Tax News

Beware of new telephone scams

Jun 10, 2015

Beware of new telephone scams Ottawa, Ontario, June 10, 2015… The Canada Revenue Agency (CRA) is noting an increase in telephone scams where the caller claims to be from the CRA but is not, and is asking Canadians to beware—these calls are fraudulent and could result in identity and financial theft. Some recent telephone scams…

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Canadian Government combats international tax evasion by joining forces with international tax jurisdictions

Jun 3, 2015

Canadian Government combats international tax evasion by joining forces with international tax jurisdictions Minister Findlay signs the Multilateral Competent Authority Agreement, helping to set the stage for the automatic exchange of financial information with international partners starting in 2018 June 2, 2015 – Ottawa, Canada – Canada Revenue Agency The Honourable Kerry-Lynne D. Findlay, P.C.,…

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No income to report? File anyway, or you could miss out on credits and benefits!

Apr 1, 2015

No income to report? File anyway, or you could miss out on credits and benefits! Did you know? Even if you have no income to report for 2014, you should still file your income tax and benefit return by April 30, 2015, to be eligible to receive certain tax credits and benefits on time.

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A second chance to correct your tax affairs Share this page Did you know? The Canada Revenue Agency (CRA) offers taxpayers a second chance to correct earlier mistakes and put their tax affairs in order. Through the Voluntary Disclosures Program (VDP) more

Mar 23, 2015

A second chance to correct your tax affairs Share this page Did you know? The Canada Revenue Agency (CRA) offers taxpayers a second chance to correct earlier mistakes and put their tax affairs in order. Through the Voluntary Disclosures Program (VDP) more Canadians than ever are coming forward and declaring previously unreported income or correcting…

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Harper Government teams up with the Canadian Home Builders’ Association to ensure Canadians Get it in Writing!

Mar 5, 2015

Harper Government teams up with the Canadian Home Builders’ Association to ensure Canadians Get it in Writing! March 5, 2015 – Halifax, NS – Canada Revenue Agency The Honourable Kerry-Lynne D. Findlay, P.C., Q.P., M.P., Minister of National Revenue, announced today that the Government of Canada is providing approximately $745,000 over the next three years…

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Life events can have an impact on your taxes

Jan 26, 2015

Life events can have an impact on your taxes Did you know? Whether you just got married or divorced, had a baby, or lost a loved one, life events can affect your tax affairs. Important facts If your marital status changes, it’s important to let the Canada Revenue Agency (CRA) know as soon as possible.…

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Students can save at tax time

Jan 19, 2015

Did you know? The Canada Revenue Agency (CRA) has tax credits, deductions, and benefits to help students. File your income tax and benefit return and claim them. Important Facts Here are the top savings at tax time: Claim your eligible tuition fees – Tuition fees paid to attend your post-secondary educational institution for the tax…

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Are you 65 or older? Claim your benefits and credits

Jan 12, 2015

There are several benefits and credits designed for seniors. Age amount – You can claim this amount if you were 65 years of age or older on December 31, 2014, and your net income is less than $80,980. The maximum amount you can claim is $6,916. Pension income amount – You may be able to…

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Harper Government cracks down on international tax evasion

Jan 7, 2015

January 7, 2015 – Ottawa, Ontario – Canada Revenue Agency The Honourable Kerry-Lynne D. Findlay, P.C., Q.C., M.P., Minister of National Revenue, today announced the launch of the Canada Revenue Agency’s (CRA) Electronic Funds Transfer (EFT) initiative, introduced in Economic Action Plan 2013 as one of several new measures to crack down on international tax…

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Remembering business-related tax deadlines just got a lot easier with the CRA’s Business Tax Reminders mobile app

Oct 20, 2014

Remembering business-related tax deadlines just got a lot easier with the CRA’s Business Tax Reminders mobile app Share this page Did you know? While Small Business Week comes only once a year, the Canada Revenue Agency (CRA) recognizes the unique needs of small and medium-sized businesses and continues to find ways to help them do…

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Report your tips: they are taxable income

Aug 5, 2014

The Canada Revenue Agency (CRA) is reminding Canadians who earn tips and gratuities that they represent taxable income and must be reported on annual income tax and benefit returns. Restaurant servers, hairdressers, valets, taxi drivers, and others who earn tips may not have all of their income recorded by their employers, which means that their…

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Reminder – Monday, June 16, 2014, is the deadline for self-employed individuals to file their 2013 income tax and benefit return

Jun 16, 2014

The Canada Revenue Agency (CRA) reminds self-employed individuals and their spouses or common‑law partners that this year’s filing deadline is midnight on Monday, June 16, 2014, because June 15, 2014 falls on a Sunday. However, if you have an outstanding balance for 2013, it has to be paid on or before May 5, 2014, to…

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