It’s easy to register for the GST or HST. Before you pick up the phone, however, be clear on how often you want to file returns (monthly, quarterly or annually) and how often you want to remit (pay) your GST/HST. Usually you can also choose the date that your registration begins, which can affect the [...]
Support ©iStock/pat138241 If you’re in the process of splitting up with a spouse or common-law partner you’re probably going through a lot of changes right now, and taxes may be the last thing on your mind. However before you settle the details of your support agreement, take a moment to familiarize yourself with [...]
Most letters from the Canada Revenue Agency look bad, but are in fact simple to deal with. An extremely common kind of CRA letter is the Request to File, which can be handled in a fairly straightforward way. The worst thing to do is to ignore a letter from CRA – it could cost you [...]
You can pay your taxes, in whole or in part, when you file your return, or you can wait until after you receive your Notice of Assessment. Payment On Filing - via Online Banking* If you want to pay when you file your return, you can do so through online banking. Set up the [...]
Starting in April 2015, the Canada Revenue Agency (CRA) is planning to phase out cheques entirely in favour of Direct Deposit. Personal Tax Advisors: Next Level Tax Preparation Next Level Tax Preparation means support for our clients when CRA comes calling. At Personal Tax Advisors, our responsibility continues long after your return is filed. Our [...]
Everyone makes mistakes, and sometimes tax slips get misplaced or lost in the mail and consequently don't get entered in your tax return. Personal Tax Advisors: Next Level Tax Preparation Next Level Tax Preparation means you actually meet the person who does your return. We’re a rarity in this business. We still offer (and times insist on) [...]
No one likes high medical expenses, but at least they can reduce your tax bill. That's if the Canada Revenue Agency recognizes them as allowable. Personal Tax Advisors: Next Level Tax Preparation Next Level Tax Preparation means an experienced preparer who can do what software and seasonal workers can't. You can get 'good enough' tax [...]
Sometimes after you file your return CRA sends a letter requesting further information. While these 'Pre-Assessment Reviews' don't necessarily spell trouble, ignoring them can. Personal Tax Advisors: Next Level Tax Preparation Next Level Tax Preparation means our responsibility doesn't end when your return goes in. At Personal Tax Advisors we aren't finished until everyone is [...]
Around this time every year, scammers start sending out emails to Canadians claiming to be from the Canada Revenue Agency. As with most phishing schemes, recognition is the key to protecting yourself. The bottom line is this: ANY EMAIL PURPORTING TO BE FROM THE CANADA REVENUE AGENCY IS A SCAM. There are no exceptions. CRA [...]
