CANADA REVENUE AGENCY


Associated tags: CRA, Canada Revenue Agency, Tax, Income tax

Tax Tip - Reducing barriers to contacting the CRA with the new dedicated phone lines for video relay service (VRS) users

Retrieved on: 
Monday, March 25, 2024

That is why the CRA, in partnership with the Canadian Administrator of Video Relay Service (CAV), has introduced new dedicated phone lines, with service in English and French, for video relay service (VRS) users.

Key Points: 
  • That is why the CRA, in partnership with the Canadian Administrator of Video Relay Service (CAV), has introduced new dedicated phone lines, with service in English and French, for video relay service (VRS) users.
  • We're proud to be the first Government of Canada department to integrate dedicated services for VRS users.
  • How to access the new VRS line:
    To use the new dedicated VRS lines, individuals will first need to ensure they are registered with Canada VRS .
  • Once registered, they can connect with a CRA agent by calling 1-800-561-6393 for service in English or 1-800-561-9332 for service in French.

Enforcement notification - Tax evasion - Fugitive Brampton tax preparer caught and jailed for $34 million fraudulent charitable donation scheme

Retrieved on: 
Friday, March 22, 2024

Bayden was a partner in a tax preparation business known as E & F Tax Associates or as Bankay Financial Services Inc. in Toronto, Ontario, and later in Brampton.

Key Points: 
  • Bayden was a partner in a tax preparation business known as E & F Tax Associates or as Bankay Financial Services Inc. in Toronto, Ontario, and later in Brampton.
  • Bayden then provided his clients with false charitable donation receipts in the names of various charitable organizations to which he was connected.
  • Bayden charged his clients approximately 10% of the face value of the false charitable donation amounts that were claimed.
  • The CRA has set up a free subscription service to help Canadians stay current on the CRA's enforcement efforts.

Tax Tip - International students studying in Canada: Doing your taxes helps you

Retrieved on: 
Wednesday, March 20, 2024

Check out our 3-minute benefits and credits video for everything you need to know about benefit and credit payments in Canada.

Key Points: 
  • Check out our 3-minute benefits and credits video for everything you need to know about benefit and credit payments in Canada.
  • Once you've applied, you will need to file your income tax and benefit return each year to continue to receive them.
  • Most international students who study or carry out research in Canada establish residential ties with Canada, are considered residents of Canada for income tax purposes and may need to file a Canadian tax return.
  • For tax purposes, international students studying in Canada are typically considered one of the following:
    Residency status is based on the residential ties you have with Canada.

Tax Tip - Security measures to protect taxpayer information

Retrieved on: 
Monday, March 18, 2024

The CRA continues to enhance its security measures to protect Canadians from fraud and identity theft.

Key Points: 
  • The CRA continues to enhance its security measures to protect Canadians from fraud and identity theft.
  • As an added layer of security, the CRA also encourages Canadians to take a few steps of their own to further protect their personal information.
  • The CRA uses Multi-factor authentication (MFA) throughout its sign-in services as a mandatory enhanced security measure.
  • If a taxpayer notices unsolicited changes on their CRA account, or thinks their information has been compromised, they should immediately report it to the CRA .

Tax Tip - Ready to file your taxes? Here's why you should go digital!

Retrieved on: 
Thursday, March 14, 2024

Learn about your taxes is an online learning tool to help you understand how the Canadian tax system works, how to file an income tax and benefit return, and how to read an NOA.

Key Points: 
  • Learn about your taxes is an online learning tool to help you understand how the Canadian tax system works, how to file an income tax and benefit return, and how to read an NOA.
  • If you choose to file online using NETFILE , a variety of software products exist to meet your needs, including options that are free.
  • Before filing your 2023 tax return electronically, you will be asked to enter an Access code.
  • If you have not yet filed your 2023 tax return, you should use the Access code from your most recent NOA.

Tax Tip - Students: Are you ready for tax season?

Retrieved on: 
Wednesday, March 13, 2024

To help you report important life changes for tax season, the Canada Revenue Agency (CRA) has some useful tips and information.

Key Points: 
  • To help you report important life changes for tax season, the Canada Revenue Agency (CRA) has some useful tips and information.
  • Tax season opened on February 19, 2024, and you can use a host of methods to file your 2023 income tax and benefit return online.
  • The deadline for most Canadians to file a tax return and pay any amount they owe is April 30, 2024.
  • Organizations with the Community Volunteer Income Tax Program host free tax clinics to complete tax returns for eligible individuals.

Our experts can help you understand your business tax obligations: Meet the Liaison Officers

Retrieved on: 
Tuesday, March 12, 2024

OTTAWA, ON, March 12, 2024 /CNW/ - Owners of small businesses and self-employed individuals, did you know that the Canada Revenue Agency (CRA) offers free Liaison Officer (LO) services to help you understand your tax obligations?

Key Points: 
  • OTTAWA, ON, March 12, 2024 /CNW/ - Owners of small businesses and self-employed individuals, did you know that the Canada Revenue Agency (CRA) offers free Liaison Officer (LO) services to help you understand your tax obligations?
  • There are CRA liaison officers all across Canada ready to help you!
  • The Liaison Officer service is offering free educational webinars on the Underused Housing Tax (UHT) to groups or associations to help owners get the information they need.
  • During a UHT webinar, the liaison officer will:
    Please visit Liaison Officer service - free tax help for small business owners and self-employed individuals to find out more about the Liaison Officer service and request a personalized visit or group webinar/seminar today!

Enforcement notification - Tax evasion - Alberta man convicted for tax fraud: Misleading Individual Tax Returns

Retrieved on: 
Friday, March 8, 2024

Nethercott pleaded guilty to making false or deceptive statements in his T1 Individual Tax Returns in order to evade taxes and obtain refunds and tax credits to which he was not entitled.

Key Points: 
  • Nethercott pleaded guilty to making false or deceptive statements in his T1 Individual Tax Returns in order to evade taxes and obtain refunds and tax credits to which he was not entitled.
  • Nethercott also made false claims for refunds, thereby attempting to evade $51,952 in tax and to obtain $28,637 in tax credits to which he was not entitled.
  • The CRA continues to aggressively pursue tax evasion, and false claims with all the tools available to it.
  • The CRA has set up a free subscription service to help Canadians stay current on the CRA's enforcement efforts.

Tax Tip - Fraud Prevention Month: How to recognize fraud, scams and tax schemes

Retrieved on: 
Monday, March 4, 2024

OTTAWA, ON , March 4, 2024 /CNW/ - Every March, the Canada Revenue Agency (CRA) joins organizations around the world to recognize Fraud Prevention Month.

Key Points: 
  • OTTAWA, ON , March 4, 2024 /CNW/ - Every March, the Canada Revenue Agency (CRA) joins organizations around the world to recognize Fraud Prevention Month.
  • Learning how to identify fraud, scams and tax schemes helps keep your personal information safe.
  • Find more information on how to recognize a scam on the Scam Prevention and the CRA webpage .
  • If you are ever unsure and want to confirm if the CRA contacted you, hang up and contact the CRA:

The Government of Canada is helping lower-income individuals more easily access the benefit and credit payments they are entitled to

Retrieved on: 
Monday, March 4, 2024

This simplified method for filing income tax returns helps lower-income individuals access the benefit and credit payments they are entitled to more easily, while simplifying their lives.

Key Points: 
  • This simplified method for filing income tax returns helps lower-income individuals access the benefit and credit payments they are entitled to more easily, while simplifying their lives.
  • Benefit and credit payments, such as the Canada child benefit and the goods and services tax/harmonized sales tax credit , help make life more affordable.
  • Filing a tax return also confirms an individual's eligibility for programs such as the Canadian Dental Care Plan.
  • Individuals will receive a notice of assessment either in the mail or in My Account after their return has been processed.