Tag: Canada Revenue Agency

Accountants Call For Tax Deadline Extension Denied By The CRA

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Over the last couple of weeks, Canadian accountants have circulated a petition appealing to the federal government to extend the tax filing deadline from April 30th to June 15th. Over 70,000 signatures have been registered from tax preparers and taxpayers. The campaign continues to attract signatures despite insistence from the…

Pandemic Creates Tax Filing Complications For Canadians

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Despite an April 30 deadline, 60% of Canadians are yet to file their 2020 returns. A survey by H&R Block Canada has found that a third of taxpayers are dreading this tax season and claim not to have the time to file. Another quarter indicated they were clueless on tax…

Missing revenue: How Canada gets short-changed on taxes

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Recent data sheds light on the vast amounts of money that Canada loses each year due to willful non-payment of personal taxes. Broadly speaking, the missing tax revenue falls into two categories: The illegal tax evasion that is uncovered by authorities, and the tax evasion that goes undiscovered or unpunished.…

New Westminster Residents Targeted in CRA-Related Scam

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A new CRA scam is on the rise around New Westminster. According to the NWPD, two people have fallen victim to this scam, costing them $23,000 and $1,600. The victims said they received calls from scammers claiming to be from the New Westminster Police Department and the Canada Revenue Agency,…

Hacking to Blame as more than 48,000 CRA Accounts Show Suspicious Activity

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More than 48,000 Canada Revenue Agency (CRA) accounts have been linked with unusual activity, seemingly confirming suspicions of widespread hacking. The spate of cyberattacks included GCKey accounts, potentially leaving several sensitive government departments open to illegal data theft or manipulation. These events led the CRA to shut down its online…

Tax Payment Deadline Extended by Canada Revenue Agency

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The Canada Revenue Agency (CRA) has postponed the tax payment deadline to September 30th. The extension applies to individuals, corporations, and income tax returns on trusts, including instalment payments. The CRA’s decision to delay its tax deadline is likely to be well received, in light of the current economic downturn. The…

New Tax Deduction Aims to Help Remote Workers

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Canadians may be eligible for a significant tax deduction – if the pandemic has forced them to work from home. This federal tax break, dubbed ‘work-space-in-the-home’, could potentially help hundreds of thousands of Canadians who have been forced by the pandemic to continue their work remotely. The tax category also…