Author: h2cweb

Tax Tips – December 2017


Quick points to remember… An individual’s online CRA account (My Account) is now linked to their online Service Canada Account (EI, CPP, OAS, etc.) to provide both departments’ information in a single log-in session. Over the past two years, CRA has completed over 21,000 files related to real estate, assessing over $329 million in previously […]

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Tax Tips – September 2017

Quick point to remember… The tuition tax credit has been extended to include courses at a post-secondary educational institution that are not at a post-secondary school level. This may include, for example, courses on basic literacy or numeracy, or learning a second language.. TAX FOR PRIVATE CORPORATIONS: Major Changes Proposed On July 18, 2017, Minister of Finance, Bill Morneau […]

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Tax Tips – June 2017

Some quick points to consider. CRA’s My Account for Individuals and My Service Canada Account are now linked such that users can easily switch between online personal tax information and other benefits (ex. EI, CPP, and OAS). Employers will soon be able to distribute T4s electronically (provided certain conditions are met).   EMPLOYMENT INSURANCE: Some Improvements […]

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Tax Tips – February 2017

Some quick points to consider. Timing and amounts of various payments and benefits, such as the Canada Child Benefit, can be obtained by calling the CRA’s TIPS line at 1-800-267-6999. In the summer of 2016, CRA commenced a project to examine taxpayers holding expensive properties in Vancouver where only low amounts of income were reported. The goal of the project was to identify unreported worldwide […]

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