CRA

Tax News

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

2 min read

Industry

CRA announces prescribed interest rates for Q2

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

By Staff |March 19, 2021

1 min read

Industry

Canada Revenue Agency locks 800,000 accounts

The tax agency has cited possible email phishing schemes

By The Canadian Press |March 12, 2021

1 min read

Industry

Tips for taxpayers with repaid CERB error on tax slips

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

March 3, 2021

3 min read

Economic Indicators

CRA says ‘rare’ error in some tax slips lists repaid CERB as taxable

The agency says it’s aware of some tax slips that wrongly list portions of repaid benefits as taxable income

By The Canadian Press |March 2, 2021

1 min read

Tax News

Don’t let CRA tax interest relief tempt you into filing late, experts warn

Relief hasn't been extended to late-filing penalties where there’s an unpaid tax liability

By Rudy Mezzetta |February 22, 2021

2 min read

Tax News

CRA promotes public database to track employers using wage subsidies

For privacy reasons, the public registry does not include sole proprietors

By The Canadian Press |December 21, 2020

1 min read

Tax News

CRA provides new rules for claiming home office expenses

There's a temporary flat-rate method for up to $400, and a simplified "detailed" method with a new Form T2200S

By Rudy Mezzetta |December 15, 2020

2 min read

Industry

Feds to allow up to $400 for home office expenses

A proposal in the fall economic statement aims to provide a simplified claim process

By Rudy Mezzetta |November 30, 2020

2 min read

Tax News

Employee stock option changes to take effect July 1

CCPCs and employers with annual gross revenues of $500 million or less will be excluded

By Mark Burgess |November 30, 2020

2 min read

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