The Latest
Electronic signatures – Extension of temporary measures T183 / T183CORP / T183TRUST
Today, CRA accounced that the Electronic signature measures announced in Budget 2021 have not been enacted, and as a result, the CRA is extending its administrative measures for electronic signature on forms: T183, Information Return for Electronic Filing of an Individual's Income Tax and...
How is the federal government expanding mandatory tax disclosure requirements?
The federal government has been consulting Canadians on expanded tax reporting requirements aimed at detecting and preventing inappropriate tax plans. - in the 2021 federal budget, the government wrote: “The lack of timely, comprehensive and relevant information on aggressive tax...
Financial Fitness: Budget Planning
Looking to spend wisely this year ... the Financial Consumer Agency of Canada has a slick Budget Planner to help you get started. Check it out ... just a click away! Budget...
Small Businesses: IMPORTANT Changes to your Financial Statements
Effective December 2021 there are significant changes to financial statements for small businesses in Canada. These changes come from a new technical standard called Canadian Standard on Related Services 4200 or CSRS 4200. The gist - effective December 14, 2021 there will no longer be...
CRA Introducing new Confirm my Representative service
On October 18, 2021, the Canada Revenue Agency (CRA) is introducing a new, two-step verification process to make authorizing a representative using Represent a Client more efficient and secure. The new process makes it easier for clients to confirm who has access to their personal and...
Our office has relocated.
We have moved closer to the park and other amenities our city has to offer. And we have windows !Sitting at a desk all day crunching numbers is invigorating ... but so is some natural sunlight and exercise!We are now located in heart of downtown Moose Jaw at the Hammond Building. The work...
Deferral of GST/HST Tax Remittances (COVID-19 Measures)
Q1- What fiscal measures is the Canada Revenue Agency (CRA) taking to help Canadian businesses manage their GST/HST payments and remittances? A1- The CRA understands that businesses might be dealing with difficulties in making their GST/HST payments or remittances. The CRA will allow...
Canada's Covid-19 Economic Response Plan; Support for Canadians and Businesses
The federal government has released a backgrounder titled Canada’s COVID-19 Economic Response Plan: Support for Canadians and Businesses, which contains several newly proposed tax measures. Parliament will reconvene on March 24 to pass this plan. Here are some highlights: Support for...
Work Smarter Not Harder
Need help automating your small business but not ready to change your accounting program? We have a solution for you. If you can take a picture with your smart phone you can become one stepcloser to having more timely information and spending less time and money compiling your information at...
PST Information Update: March 2020
This month the Ministry of Finance has issued a new PST Rebate for New Home Construction (PST-75) Effective April 1, 2020, the Provincial Sales Tax (PST) Rebate for New Home Construction provides a rebate of up to 42% of the PST paid on the purchase of a new, previously...
CRA allows for Electronic signatures to Process Tax Returns
Temporary measure immediately enabling electronic signatures for the T183, Information Return for Electronic Filing of an Individual's Income Tax and Benefit Return, and the T183CORP, Information Return for Corporations Filing Electronically If an individual or a corporate taxpayer wishes...
Filing Season Deadline Extensions
Filing Season Deadline Extensions In order to provide greater flexibility to Canadians who may be experiencing hardships during the COVID-19 outbreak, the Canada Revenue Agency will defer the filing due date for the 2019 tax returns of individuals, including certain trusts. ...