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Corruption illegal criminal activity tax evasion economy ponzi scheme concept. Closeup man hand hiding tax card in a sleeve of a suit isolated on gray wall background

Advisor guilty of tax fraud sentenced to three years in jail

The CRA successfully appealed a conditional sentence imposed in 2019

  • By: Staff
  • July 21, 2021 July 21, 2021
  • 14:22
calculate

CRA announces prescribed interest rates for Q3

The prescribed rate on loans to family members remains set at 1%

  • By: Staff
  • June 25, 2021 September 27, 2021
  • 15:16
tax owing

TFSA holders on the hook for overcontribution tax — even if account is worthless

A quirk in the TFSA overcontribution waiver rules could lead to taxes owed on a zero-dollar account

Background of Canadian money: 5,10,20,50,100 dollar bills and coins, loonie, toonie, quarter, dime, nickel, penny

Government to reimburse self-employed workers who repaid CERB

Details of how to request the reimbursement have been released

debt

Instalment payments for clients who owe taxes

There are three options used to determine how much taxpayers need to pay each quarter

illustration of magnifying glass and tax forms

CRA has processed 18.6 million returns so far in 2021

The tax agency has not provided an extension to the April 30 deadline for 2020 returns

young woman in a virtual meeting

Tax tips for clients who sold, bought or renovated homes in 2020

The Canada Revenue Agency outlined reporting requirements, credits and more

  • By: Staff
  • March 24, 2021 March 24, 2021
  • 15:21
calculate

CRA announces prescribed interest rates for Q2

The prescribed rate on loans to family members remains set at 1%

  • By: Staff
  • March 19, 2021 March 19, 2021
  • 12:39
Conceptual image of micro circuit Security concept

Canada Revenue Agency locks 800,000 accounts

The tax agency has cited possible email phishing schemes

Tips for taxpayers with repaid CERB error on tax slips

Don't file without an amended slip, EY Canada suggests