If you’re new to the process of tax preparation, it can be one of the most frustrating and time-consuming tasks that you’ve had engaged in. For starters, you may have a ton of questions on your mind but find answers difficult to come by. This can cause you to delay the filing of your returns, submit incorrect details, or exceed the submission deadline. At Can-Am CPA Professional Corporation, we understand the challenges you may be facing, and we want to arm you with the most accurate information available to help you out. To do this, we’ve answered some of the most frequently asked questions about filing your taxes.
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Frequently Asked Questions About Filing Your Taxes
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Keep taxes simple in the post-pandemic rebuild plan, pre-budget submission suggests
Original Article Source Credits: CPA Canada , https://www.cpacanada.ca/
Article Written By: SOPHIE NICHOLLS JONES
Original Article Posted on: 4.15.2021
Link to Original Article: https://www.cpacanada.ca/en/news/canada/2021-04-15-budget-reccommendations
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How to check if you have unclaimed cheques from the CRA
Original Article Source Credits: CPA Canada , https://www.cpacanada.ca/
Article Written By: MATHIEU DE LAJARTRE
Original Article Posted on: 3.19.2021
Link to Original Article: https://www.cpacanada.ca/en/news/canada/2021-03-19-unclaimed-cra-cheques
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CRA says ‘rare’ error in some tax slips lists repaid CERB as taxable
Original Article Source Credits: Advisor's Edge , https://www.advisor.ca/
Article Written By: Canadian Press
Original Article Posted on: March 2, 2021
Link to Original Article: https://www.advisor.ca/news/economic/cra-says-rare-error-in-some-tax-slips-lists-repaid-cerb-as-taxable/
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Busted! Don’t Believe These Tax Myths!
Admit it. Tax time can be hard and tough to grasp for most of us. With numerous tax responsibilities and laws to obey, filing taxes as a layperson can be daunting. Moreover, you have the Canada Revenue Agency (CRA) scrutinizing records every year! Enlisting the services of a tax accountant is a beneficial choice to minimize tax liability. They will oversee your finances and make sure you comply with the tax laws and file your taxes on time.
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There are new rules this tax season, courtesy of COVID-19. Here is what you need to know
Original Article Source Credits: CBC , https://www.cbc.ca/
Article Written By: Sophia Harris
Original Article Posted on: Feb 27, 2021
Link to Original Article: https://www.cbc.ca/news/business/cra-covid-benefits-1.5928069
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New GST/HST rules for digital sales: What you should know
Original Article Source Credits: CPA Canada , https://www.cpacanada.ca/
Article Written By: Bruce Ball
Original Article Posted on: February 25, 2021
Link to Original Article: https://www.cpacanada.ca/en/business-and-accounting-resources/taxation/blog/2021/february/gst-hst-proposals-for-digital-sales
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Stay In Touch With Can-Am CPA Professional Corporation!
Our email newsletter is a one-stop resource for relevant news and content about Can-Am CPA Professional Corporation, a full-service accounting firm in Toronto.
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COVID-19: Frauds and scams
Original Article Source Credits: Canada.ca , https://www.canada.ca/
Article Written By: NA
Original Article Posted on: 2021-02-19
Link to Original Article: https://www.canada.ca/en/public-safety-canada/campaigns/covid19.html
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Canada Revenue Agency: Big Changes Coming to Your 2021 Income Tax Bracket
Original Article Source Credits: The Motley Fool , https://www.fool.ca/
Article Written By: Puja Tayal
Original Article Posted on: February 15, 2021
Link to Original Article: https://www.fool.ca/2021/02/15/canada-revenue-agency-big-changes-coming-to-your-2021-income-tax-bracket/
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4 tax tips when filing for your unincorporated business
Original Article Source Credits: CPA Canada, https://www.cpacanada.ca/
Article Written By: MICHELLE SINGERMAN
Original Article Posted on: 2.16.2021
Link to Original Article: https://www.cpacanada.ca/en/news/canada/2021-01-16-unincorporated-biz-tax-tips
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Understanding the Voluntary Disclosures Program Rules
Original Article Source Credits: Intuit and QuickBooks , https://quickbooks.intuit.com/
Article Written By: Kari Brummond
Original Article Posted on: NA
Link to Original Article: https://quickbooks.intuit.com/ca/resources/accounting-news/voluntary-disclosures-program-rules/
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What to consider if you still have RRSP contribution room
Original Article Source Credits: Money Sense , https://www.moneysense.ca/
Article Written By: JASON HEATH
Original Article Posted on: JANUARY 25, 2021
Link to Original Article: https://www.moneysense.ca/columns/ask-a-planner/rrsp-contribution-myths-and-facts/
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CRA Emergency Payments: 2 Helpful Benefits You Can Get in 2021
Original Article Source Credits: The Motley Fool , https://www.fool.ca/
Article Written By: Adam Othman
Original Article Posted on: January 27, 2021
Link to Original Article: https://www.fool.ca/2021/01/27/cra-emergency-payments-2-helpful-benefits-you-can-get-in-2021/
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Canada Revenue Agency: Big Changes Coming in Your Paycheck in 2021
Original Article Source Credits: The Motley Fool , https://www.fool.ca/
Article Written By: Puja Tayal
Original Article Posted on: December 28, 2020
Link to Original Article: https://www.fool.ca/2020/12/28/canada-revenue-agency-big-changes-coming-in-your-paycheck-in-2021/
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Are You Saving for Retirement? Consider This Crucial Decision
Original Article Source Credits: The Motley Fool , https://www.fool.ca/
Article Written By: Daniel Da Costa
Original Article Posted on: December 28, 2020
Link to Original Article: https://www.fool.ca/2020/12/28/are-you-saving-for-retirement-consider-this-crucial-decision/
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Canadians see value in a wealth tax
Original Article Source Credits: Advisor's Edge , https://www.advisor.ca/
Article Written By: Greg Dalgetty
Original Article Posted on: November 19, 2020
Link to Original Article: https://www.advisor.ca/news/economic/canadian-sees-value-in-a-wealth-tax/
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Canada Revenue Agency Warning: Some Canadians May Have to Repay CERB Amounts
Original Article Source Credits: The Motley Fool , https://www.fool.ca/
Article Written By: Joey Frenette
Original Article Posted on: November 25, 2020
Link to Original Article: https://www.fool.ca/2020/11/25/canada-revenue-agency-warning-some-canadians-may-have-to-repay-cerb-amounts/
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Canada Revenue Agency opens applications for the Canada Emergency Rent Subsidy
Original Article Source Credits: Canada.ca, https://www.canada.ca/
Article Written By: NA
Original Article Posted on: 2020-11-23
Link to Original Article: https://www.canada.ca/en/revenue-agency/news/2020/11/canada-revenue-agency-opens-applications-for-the-canada-emergency-rent-subsidy.html
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TFSA limit for 2021 released
Original Article Source Credits: Advisor's Edge , https://www.advisor.ca/
Article Written By: Rudy Mezzetta
Original Article Posted on: November 20, 2020
Link to Original Article: https://www.advisor.ca/tax/tax-news/tfsa-limit-for-2021-released/
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