CRA resumes online services with new security features after cyber attacks
Online services users urged to update their accounts with unique passwords they don’t use for any other purpose.
CRA wants to recoup $2.6B in missing taxes over five years
$444 million commitment will improve detection, auditing and prosecution of tax cheaters.
Panama papers prompt Ottawa to study gap in uncollected taxes
Lebouthillier’s letter says Canada will work with the OECD to help develop policies that target tax evaders.
Total to fight $11.5M CRA tax bill
Reassessments relate to the 2010 and 2011 tax years following the company’s conversion to a corporation from an income trust.
Higher TFSA limit prompts Canadians to save more
Others say they don’t have the savings to take advantage of the higher limit, according to CIBC poll.
CRA extends income tax filing deadline due to ‘human error’
Canadians now have until May 5 to file their income tax return and pay any amounts owed for 2014.
Canadian tech firms wage war against corporate hackers
Their challenge will be winning over a business community reluctant to ramp up their own protection.
New CRA mobile app eases tax pain for SMEs
Application allows business owners to create reminders and alerts for payments, returns and remittances.
Bonterra notified of possible CRA tax reassessment
Oil and gas company faces a potential bill of $25M.
Ottawa gets tough on businesses using tax avoidance software
Penalties will increase dramatically Jan. 1.
Canada Revenue Agency gets failing grades from small business
A Canadian Federation of Independent Business survey says there’s been an increasing number of audits for companies with more employees.
Do you trust your family trust?
If you’re contemplating a trust, there are a number of factors to keep in mind to ensure it achieves your objectives while meeting the CRA’s expectations.